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Budget 2026: ICDS to Be Merged with Ind-AS, Separate Accounting Scrapped [Read Finance Bill 2026]

The Union Budget for the Financial Year 2026–27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February...

55th GST Council Meeting: Reduced Rate on Fortified Rice Kernels to 5%

Employers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va):...

Red Gram Dal Supplied via HACA to Non-Commercial Industrial or Institutional Consumers Not Subject...

GST Exemption allowable on Supply of Dal to Department for Women, Children, Disabled and Senior...

DGFT includes Mundra Port and ICD Garhi Harsaru for Importing new vehicles [Read Notification]

The Directorate General of Foreign Trade ( DGFT ), through Notification No. 59/2023 dated February 12, 2024, has made amendments to the import policy, incorporating Mundra Port and ICD Garhi Harsaru...

DGFT - Mundra Port - ICD Garhi Harsaru - Importing new vehicles - taxscan

Policy and Guidelines for setting up of ICDs, CFSs and AFSs: CBIC [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) notified the Policy and Guidelines for setting up of Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Air Freight Stations...

CBIC issues policy and guidelines for setting up ICDs, CFSs, and AFSs [Read Circular]

The Anti-Smuggling Unit of Central Board of Indirect Taxes and Customs (CBIC) issued policy and guidelines for setting up Inland Container Depots (ICDs), Container Freight Stations (CFSs), and Air...

CBIC notifies procedure for Inspection of ICDs/CFSs/ AFSs [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) notified the procedure for inspection of Inland Container Depots (ICDs) or Container Freight Stations (CFSs) or AFSs. In the Audit Report 16...

ICDS Judgment: Key Takeaways from the Delhi HC Decision [Read Judgment]

Justices S Muralidhar and Prathiba M Singh, while allowing a petition filed by the Chamber of Tax Consultants and Anr, has invalidated certain parts of the provisions relating to Income Computation...

ICAI releases Technical Guide on Income Computation and Disclosure Standards

The Direct Tax Committee of the Institute of Chartered Accountants of India (ICAI) has recently published a “Technical Guide on Income Computation and Disclosure Standards (ICDS) – First Edition July,...

Delhi HC admits Petition challenging Constitutional Validity of Income Computation and Disclosure Scheme [Read Order]

A division bench comprising Justices S. Muralidhar and Prathibha M Singh recently admitted an appeal filed by the Chamber of Tax Consultants against the provisions relating to Income Computation and...