Compliance Clarity with CA Nitin Kanwar

  Respected Professional Colleagues, A Small video by CA NITIN KANWAR on Intresting Topic From Now Taking Benefit Under DTAA Will Be Difficult ? Impact of PPT Test YouTube link -  https://youtu.be/AIjCYHKIA2o?si=W2xL52aKNUjo-UQV Thanks & Regards, Knowledge Tree & Globalca

 

                                                        RBI NEW UPDATES  As of February 7, 2025, the Reserve Bank of India (RBI) has implemented several significant measures to address economic challenges and enhance financial stability. Key updates include: 1. Reduction in Repo Rate In a move to stimulate economic growth, the RBI has reduced the key repo rate by 25 basis points, bringing it down to 6.25%. This marks the first rate cut since May 2020 and is aimed at encouraging lending and investment. reuters.com 2. Introduction of Bond Forward Trading To assist long-term investors in managing interest rate risks more effectively, the RBI plans to permit trading in bond forwards. This initiative will allow investors to purchase government securities at a predetermined future date and price, facilitating better risk management. reuters.com 3. D...

 As of February 8, 2025, here are the latest updates from the Institute of Chartered Accountants of India (ICAI): Recent Announcements: Merit List for ISA Assessment Test: The merit list for the Information Systems Audit (ISA) Assessment Test held in July 2023 was declared on November 26, 2024. Rescheduling of CA Examinations: The Chartered Accountants Examination scheduled for January 2025 was rescheduled, as announced on November 25, 2024. Mock Test Papers for CA Foundation and Intermediate: Mock Test Papers Series I & II were announced for students appearing in the CA Foundation and Intermediate examinations in January 2025. Advanced ICITSS - Adv. IT Test: The schedule for the Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) - Advanced Information Technology Test in Computer-Based Mode (CBT) for December 2024 and the first quarter of 2025 was released on November 11, 2024. Revised Criteria for Non-Company Entities: On November 8, 20...

GST NEW UPDATES As of February 7, 2025, India's Goods and Services Tax (GST) framework has undergone several notable changes aimed at simplifying compliance and addressing industry-specific concerns. Here's a summary of the recent updates: 1. E-Invoicing Mandate for Small Businesses Effective from April 1, 2024, e-invoicing has become mandatory for businesses with an annual turnover exceeding ₹5 crore. This initiative aims to enhance transparency and streamline the GST filing process by enabling real-time tracking of invoices. medium.com 2. Uniform GST Rate for Aircraft Parts In July 2024, India implemented a uniform 5% GST on all imports of aircraft components and engine parts, replacing the previous rates that ranged from 5% to 28%. This change is designed to simplify the tax structure and promote growth in the local maintenance, repair, and overhaul (MRO) sector. reuters.com 3. GST on Online Gaming and Digital Services The GST Council has clarified tax rates for the digital ...

  (ITA No. 556/M/2023Assessment Year: 2012-13)S. 28(I)