In a significant ruling emphasizing the need for independent application of mind in disciplinary proceedings, the Gujarat High Court set aside disciplinary action initiated by the Institute of Chartered Accountants of India (ICAI) against a Chartered Accountant, holding that the …
The Enforcement Directorate (ED) has launched an extensive investigation into alleged violations of the Foreign Exchange Management Act (FEMA) involving suspicious transactions worth nearly ₹900 crore, reportedly linked to Ranchi-based chartered accountant Naresh Kumar Kejriwal. Acting under Section 37 of …
The Madras High Court held that passing an adverse order on a rectification application without granting proper notice or opportunity of hearing violates the principles of natural justice. The Court further clarified the maintainability of writ petitions when an original order is superseded …
The Income Tax Department has rolled out several important updates from December 1, 2025, aimed at improving compliance, enhancing accuracy, and speeding up refund processing. These changes will significantly impact both taxpayers and deductors. Here’s a complete breakdown. New Real-Time TDS …
In a significant development impacting tribunal appointments across the country, the Supreme Court has struck down the rule that mandated a minimum of 25 years of practice for chartered accountants (CAs) to qualify as technical members of tribunals, including the Income Tax Appellate …
In 2025, India’s rental housing framework underwent significant reform aimed at improving transparency, fairness, and legal protection for both landlords and tenants. With the introduction of the new Rent Law 2025 and the mandatory e-stamping and registration provisions, the government seeks to formalize …
In a stern rebuke, the Supreme Court of India directed a man accused of threatening a court-appointed woman lawyer with a pistol during a local commission visit to surrender before jail authorities. The bench, led by Justice Surya Kant, came …
Justice Surya Kant, who is set to take oath as the 53rd Chief Justice of India on 23 November 2025, brings with him a judicial legacy marked by bold constitutional reasoning, administrative reform, and empathy toward citizen rights. Hailing from Hisar, Haryana, he …
The Institute of Chartered Accountants of India (ICAI) is once again set to lock horns with the National Financial Reporting Authority (NFRA) — this time over the contentious revision of Standard on Auditing (SA) 600, which governs how group audits are …
In a significant step towards further digitization and ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) has notified the Central Goods and Services Tax (Fourth Amendment) Rules, 2025 through Notification No. 18/2025 – Central Tax, dated 31 October 2025. These amendments, …
In yet another significant move against corruption within the tax administration system, the Central Bureau of Investigation (CBI) has booked an Assistant Commissioner of CGST, Jaipur, on charges of accumulating wealth far beyond his known sources of income. The development has once again …
New Delhi, October 29, 2025 — In a major relief to taxpayers and professionals, the Central Board of Direct Taxes (CBDT) has announced an extension of the due dates for filing Income Tax Returns (ITR) and Tax Audit Reports for the Assessment Year 2025-26 under …
As the due date of 31 October 2025 approaches, thousands of businesses and professionals under audit are anxiously waiting for clarity from the Central Board of Direct Taxes (CBDT). The big question — will the government extend the ITR filing deadline for audit …
Every audit season brings a familiar question to every CA’s desk — “How many balance sheets can a Chartered Accountant sign?” For Assessment Year 2025–26 (FY 2024–25), the professional limits under the Income Tax Act and the Companies Act, 2013 remain unchanged. However, their practical …
In a significant move towards enhancing India’s business environment, the government is preparing to amend the Companies Act during the upcoming Winter Session of Parliament. The proposed changes aim to make corporate operations more seamless, digital, and globally competitive — aligning India’s regulatory …
In a major step towards easing compliance and boosting business confidence, Finance Minister Nirmala Sitharaman announced the launch of a simplified GST registration system under GST 2.0, effective November 1, 2025. The new framework will enable automatic approval of GST registration within three working days for most new …
The Income Tax Return (ITR) filing deadline for audit cases is a crucial compliance date for businesses and professionals whose accounts are subject to audit under Section 44AB of the Income Tax Act, 1961. Each year, the Central Board of …
The Central Board of Direct Taxes (CBDT) has recently provided relief to taxpayers covered under audit by extending the due date for furnishing audit reports and considering further extension of the income-tax return (ITR) filing deadline. For the Assessment Year …
In a move that brings relief to taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has officially extended the due date for filing GSTR-3B for the month of September 2025 and the quarter ending September 2025. This extension has been granted considering various representations and …
In a significant compliance drive, the Income Tax Department of India has launched a nationwide crackdown against entities and individuals who have failed to report high-value financial transactions for the financial years 2023–24 and 2024–25. The department’s initiative aims to …