NFRA Guidance Aims to Curb Financial Fraud Through Stronger Audit Oversight NFRA has issued fresh guidance urging deeper coordination between audit committees and statutory auditors to enhance corporate governance and detect fraud early. It stressed the need for independent

📢 GSTN Update Introduction of Enhanced Inter-operable Services Between E-Way Bill Portals ➡️ A new E-Way Bill 2.0 portal (ewaybill2.gst.gov.in) has been developed in response to taxpayers’ demands for continuity in services during exigencies. ➡️ New portal shall be launched

Advance Tax Growth Sluggish at 3.6% in Q1 FY26 Amid High Refunds, PIT Relief Advance tax collections grew just 3.6% in Q1 FY26, sharply down from 27% a year ago, with overall direct tax receipts falling 1.5% YoY to ₹4.56 lakh crore. Corporate tax dropped 5.1% while personal

Brokers Raise Alarm on Retail F&O Losses, Urge SEBI to Tighten Entry Norms Brokers and fund managers have urged SEBI to introduce entry barriers for retail F&O traders, citing massive losses—₹50,000+ per trader, with 93% of them losing money between 2022–24. Despite SEBI's 2024

ICAI Likely to Cap Tax Audits at 60 per Partner from FY27 ICAI plans to restrict each CA partner to a maximum of 60 tax audits annually starting FY27. The move aims to curb audit concentration among a few senior partners and ensure quality reporting. This limit, however,

LLPs May Continue to Enjoy LTCG Tax Benefit Under I-T Bill 2025 Govt likely to restore Chapter VI-A reference in Draft I-T Bill, 2025 to ensure LLPs with only LTCG income are not burdened with 18.5% AMT. Without the fix, such entities risk losing the lower 12.5% tax rate,

ICAI resumes detailed probe into Byju’s from today ICAI is restarting its disciplinary probe into edtech firm Byju’s after reconstituting four new benches, each with five members. The earlier benches had dissolved in February awaiting government nominees. One bench will

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GST-Driven Surge: Centre’s Gross Tax Revenues Rise 12% in Apr-May FY26 Buoyed by strong GST inflows, gross tax revenues grew 12% y-o-y in Apr-May FY26, easing concerns over Budget reliefs' impact. Direct taxes rose modestly by 5%, while indirect taxes jumped 22%. Fiscal deficit

Wishing all fellow Chartered Accountants and aspiring CAs a very Happy Chartered Accountants Day 2025! #CADay2025 #ICAI #CharteredAccountant #NationBuilders #CAFraternity #FinanceProfessionals

📢ICAI Announcement The results of the Chartered Accountants Final, Intermediate and Foundation Examinations held in May 2025 are likely to be declared on 6th July 2025. Same can be accessed by candidates on the website icai.nic.in resource.cdn.icai.org/86708exam30062… #ICAI

GSTN Update: Gross and Net GST revenue collections for the month of June, 2025 Please click on the link below to view the gross and net GST revenue collections for the month of June, 2025. tutorial.gst.gov.in/downloads/news… #GSTN #GST #CBIC #GSTCollection #Taxation

📢 CBDT Circular 📌Waiver of interest on TDS/TCS in cases of late credit of TDS/TCS to the central government due to technical glitches. ➡️Benefit of interest waiver (as per circular No. 5/2025 dated 28.03.2025) can be availed even for interest charged before the issuance of

CBDT has notified the cost inflation index for FY 2025-26 to be 376. #CBDT #IncomeTax #CapitalGain #CII

Govt Tightens Disclosure Norms on Corporate Layers from July 14 To curb fund diversion via complex structures, MCA mandates detailed disclosure on subsidiaries per layer. Revised Form CRL-1 requires ownership, registration type, and holding company details, enhancing RoC

Statutory Compliance Calendar (Due Dates) For the Month of July 2025 #TaxUpdates #DueDate #ICAI #GST #IncomeTax #PF #ESI #MCA Connect with us - linktr.ee/PGCCA

🎉 ICAI Launches the AI Agent! On 1st July 2025, ICAI marked a historic leap for the profession with the launch of the ICAI AI Agent, unveiled by Hon’ble Minister Shri Hardeep Singh Puri in the presence of the ICAI President and Vice-President. 🚀 Redefining the Future The ICAI

GST Council Likely to Revamp Rate Slabs in August to Spur Consumption Amid slowing GST growth, the Council may rationalise slabs and reduce health/life insurance GST to 5% (from 18%) with ITC. Broader rate cuts may target white goods, while compensation cess regime post-March

Eight Years On, GST System Steady, But Officers Remain a Bottleneck While GST has streamlined indirect taxation—especially for exporters—the system still suffers from officer-level inefficiencies, poor refund practices, lack of legal clarity, and corruption. The regime is