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By CA. Pankaj Bhadoria | 17-06-2026 11:00:00
Under the statutory powers conferred upon it by Payment and Settlement Systems Act, 2007 (PSS Act), RBI had issued various directions for operation of a Payment System. Today, RBI has issued Master Directions on Authorisation to operate a Payment System which consolidates instructions issued through following circulars/ guidelines, and comes into effect immediately: Read More
By CA. Pankaj Bhadoria | 12-06-2026 13:00:00
Chartered Accountants have long served as the one of the most important pillars of the Indian economy. Since 1949, the profession has remained steadfast in its commitment to nation-building, driving financial integrity and strategic growth across all sectors. Today, with a robust community of over 5 lakh members and 10 lakh students, the Institute of Chartered Accountants of India (ICAI) continues to champion the public interest and the country's evolving economic narrative. Read More
By CA. Pankaj Bhadoria | 03-06-2026 11:00:00
The rules and regulations applicable to Relief/Savings Bonds have been updated with instructions issued up to June 30, 2018 in the Master Directions on Relief/Savings Bonds. The directions facilitate availability of all the current operative instructions on the above subject at one place and will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. Read More
By CA. Pankaj Bhadoria | 20-04-2026 17:30:00
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Konark Urban Co-operative Bank Ltd., Ulhasnagar vide Directive No. CO.DOS.SED.No.S592/45-11-001/2024-25 dated April 23, 2024 for a period of six months up to close of business on October 23, 2024, which was last extended up to close of business on April 23, 2026 vide Directive No. DOR.MON/D-54/12.22.805/2025-26 dated January 19, 2026. The Reserve Bank of India is satisfie Read More
By CA. Pankaj Bhadoria | 09-03-2026 11:06:00
Results of the Chartered Accountants Intermediate and Foundation Examination held in January 2026 declared. Read More
By CA. Pankaj Bhadoria | 01-02-2026 12:31:00
Finance Minister Nirmala Sitharaman on Sunday outlined a six-point roadmap aimed at accelerating and sustaining India’s economic growth, placing manufacturing, infrastructure, MSMEs and urban development at the centre of the government’s strategy. Read More
By CA. Pankaj Bhadoria | 30-12-2025 10:20:00
The Digital Accounting Assurance Board of The Institute of Chartered Accountants of India invite comments on the following exposure draft of Information Systems Audit Standards (ISAS) through the following link: Read More
By CA. Pankaj Bhadoria | 15-12-2025 12:25:00
Non-Resident Individuals (NRIs) earning income connected with India are required to comply with Indian income-tax laws for the Assessment Year 2025-26. Understanding residential status, applicable tax regimes, and eligible deductions is essential for accurate tax planning and compliance. Since taxability for NRIs differs significantly from resident taxpayers, clarity on these aspects helps avoid unnecessary tax outgo and penalties Read More
By CA. Pankaj Bhadoria | 12-12-2025 11:00:00
The Income-tax Act, 2025 has received the assent of the Hon’ble President of India on 21st August 2025. The Income-tax Act, 2025 will be effective from 1st April 2026. Read More
By CA. Pankaj Bhadoria | 09-12-2025 11:00:00
Income-tax refunds are seeing delays this assessment year as practitioners report extended processing times across even standard cases. CBDT figures show personal income-tax refunds have slipped to Rs 88,548 crore by early November, against Rs 1.42 lakh crore in the same period last year. Total refunds issued till November 10 amount to just over Rs 2.42 lakh crore, an 18% year-on-year decline. Read More
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