News & Updates Latest Tax newsICAI Announces Dates for Foundation, Intermediate and Final Examinations – September 2025 May 31, 2025The Institute of Chartered Accountants of India (ICAI) has officially announced the schedule for the Chartered Accountants Foundation, Intermediate, and Final Examinations to be held in September 2025. As per the official communication dated 30th May 2025, the examinations are set to take place on designated dates in both India and nine overseas centres, subject […] LubnaIRS Officer Assaulted by Senior Colleague in Lucknow Income Tax Office; FIR Registered May 31, 2025A shocking incident took place inside the Income Tax office located in Narhi’s Hazratganj area on Thursday evening, where an argument between two Indian Revenue Service (IRS) officers turned violent. One of the officers, Gaurav Garg, a 2016-batch IRS officer, was physically attacked by a senior colleague, leaving him with injuries to his head and […] NeethuSEBI Bars Actor Arshad Warsi, Wife Maria, and 57 Others in Major Stock Market Manipulation Case May 31, 2025The Securities and Exchange Board of India (SEBI) has barred Bollywood actor Arshad Warsi, his wife Maria Goretti, and 57 other entities from accessing the securities markets for periods ranging from one to five years. The case was initiated against a massive “pump-and-dump” scheme involving misleading YouTube videos aimed at artificially inflating the share price […] LubnaGSTR-2A or GSTR-2B? Understand the Difference for Accurate ITC Claims May 31, 2025Under India’s GST regime, claiming Input Tax Credit (ITC) correctly is important for managing working capital and ensuring compliance. To help businesses track eligible ITC, the government provides two key documents: GSTR-2A and GSTR-2B. Both are auto-generated by the GST portal, but they are not the same. They serve different purposes and are used at […] AmalaNational Fertilizers Ltd Receives ₹94.84 Crore GST Demand Notice for Undue Refund of Accumulated ITC May 31, 2025National Fertilizers Limited (NFL), a Navratna public sector enterprise under the Government of India, has reported receiving a demand order of Rs. 94.84 crore from the Commissioner of Central Tax, Guntur, in connection with alleged wrongful refund claims under the Goods and Services Tax (GST) regime. The order, dated April 30, 2025, pertains to the […] NeethuGSTN Update: Separate HSN-Wise B2B and B2C Reporting in GSTR-1 Mandated May 31, 2025The Goods and Services Tax Network (GSTN) has brought forth an update to regulatory compliance, now requiring separate reporting of Harmonized System of Nomenclature (HSN) codes for Business-to-Business (B2B) and Business-to-Consumer (B2C) transactions in Table 12 of GSTR-1 and GSTR-1A. The update has been promoted on the basis of the mandate by the Central Board […] AmalaCase Digest MCA Rulings May 30, 2025In India, the main regulating authority for businesses and Limited Liability Partnerships (LLPs) is the Ministry of Corporate Affairs (MCA). The term “MCA Rulings” mainly refers to the different administrative and legal declarations made by the Ministry. The Companies Act of 2013, the Limited Liability Partnership Act of 2008, and the Insolvency and Bankruptcy Code […] JasnaMBA Opportunities at Deloitte May 30, 2025Deloitte invited applications for the post of Senior Consultant – Telcom Product Management – Delhi – Customer Strategy & Design Qualifications Know Practical Aspects of Tax Planning, Click Here Responsibilities: Step by Step Guide of Preparing Company Balance Sheet and Profit & Loss Account Click Here JOB LOCATION: Delhi, IndiaFor more details and to apply, […] LubnaFollow These Instructions While Submitting LLP Form 11, Says MCA May 30, 2025The Ministry of Corporate Affairs ( MCA ) has updated important instructions to stakeholders submitting Limited Liability Partnership ( LLP ) Form No. 11, the annual return that LLPs must file, in an effort to ensure accurate and timely filing. The ministry has advised all experts and designated partners participating in the filing process to […] LubnaPaying Home Loan Interest? Here’s How You Can Save on Income Tax May 30, 2025Fоr mаny Indiаns, оwning а hоme is а сherished dreаm, оften reаlised thrоugh hоme loаns. Whilе thе mоnthly ЕMIs might sееm burdеnsomе, thеy comе with а silvеr lining: significаnt tаx bеnеfits. Understanding these can help you optimise your finances and reduce your tax liability. 1) Undеrstаnding thе EMI Compоnents А hоme loаn EMI cоmprises twо […] Neethu
