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NFRA’s Pushes 44 Ind AS Notifications & 40 Revised Audit Standards, says MCA

Navasree A.M

The National Financial Reporting Authority (NFRA) has intensified its standard-setting and audit-quality initiatives, with the Ministry of Corporate...

Online Money Gamers Watch Out! Promotion and Regulation of Online Gaming Bill, 2025 assented by...

Lok Sabha Passes Promotion and Regulation of Online Gaming Bill, 2025

IBC Amendment Bill 2025 Promises Quicker Debt Resolutions and Stronger Creditor Power: Know More...

Lok Sabha Passed Income Tax Bill Yesterday: Is New Income Tax Act in Force? Know Here

FM Nirmala Sitharaman introduces Taxation Laws (Amendment) Bill, 2025 in the Lok Sabha, seeking Changes to existing Income Tax Act and Budget 2025

Finance Minister Nirmala Sitharaman on Monday introduced the Taxation Laws (Amendment) Bill, 2025 in the Lok Sabha, proposing targeted tweaks to India’s direct tax framework, including pension...

Updated Income Tax Bill tabled at Lok Sabha: No Changes to "Accountant" Definition [Read Bill]

Finance Minister Nirmala Sitharaman today introduced the Income-tax (No. 2) Bill, 2025 in the Lok Sabha, replacing the earlier February draft that the government withdrew last week. The revised...

All India CMA Association expresses Disappointment over narrowing Definition of “Accountant” in New Income Tax Act

The All India Cost & Management Accountants Association (AICMAA) has publicly decried the Lok Sabha Select Committee’s decision to restrict the definition of “Accountant” under the proposed...

Unclaimed Bank Deposits: MoS Finance replies on Effectiveness of Udgam Portal

In a detailed Lok Sabha reply to Dr. M K Vishnu Prasad’s unstarred question on unclaimed deposits, Minister of State for Finance Shri Pankaj Chaudhary outlined the Reserve Bank of India’s framework...

FM Nirmala Sitharaman Clarifies GST on Apartment Associations: No Tax Burden for Residents

Finance Minister Nirmala Sitharaman has made it clear that people living in apartment complexes do not need to worry about paying Goods and Services Tax (GST) directly. She gave this clarification in...

Central Govt notifies Bills of Lading Act, 2025 [Read Notification]

In a landmark move to modernize India’s maritime legal infrastructure, the President has formally given assent to the Bills of Lading Act, 2025, replacing the colonial-era Indian Bills of Lading...

Kerala’s Debt Soars to ₹4.8 Lakh Crore in 2025: Year-by-Year Borrowing Details and Central Grants submitted at Lok Sabha

Kerala’s debt burden has reached an all-time high of nearly ₹4.82 lakh crore, according to data placed before the Lok Sabha on Monday by the Ministry of Finance. The figures, provided in response...