logo
ICAI national conference conducted at Surat

ICAI national conference conducted at Surat

Time of India15-06-2025
Surat: The Institute of Chartered Accountants of India (ICAI) held National Conference 2025 — SAMARTHYA — in Surat on June 14–15. The two-day event, hosted at Le Meridien Hotel near Surat Airport, drew more than 1,200 Chartered Accountants from across the country.
The conference was inaugurated in the presence of ICAI president Charanjot Singh Nanda and Ashwin Bhauwala, chairman of the ICAI Surat Branch.
The lineup of expert speakers included noted investor Dr Vijay Kedia, tax expert Umesh Sharma, Rakesh Gupta, Aanchal Kapoor, Divas Gupta, Jay Chhaira, Sanjib Sanghi, and renowned motivational speaker Harshvardhan Jain — each bringing fresh perspectives and valuable insights to the stage.
Sessions covered a wide spectrum of topics, from the latest amendments in Income Tax, Corporate Tax, and GST, to the role of Artificial Intelligence in accounting, global opportunities for Indian CAs, the evolving capital markets, and entrepreneurial innovation.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ITR Filing FY 2024-25: Filed Wrong Form By Mistake? Heres How To Fix It On Time– Check Steps
ITR Filing FY 2024-25: Filed Wrong Form By Mistake? Heres How To Fix It On Time– Check Steps

India.com

time3 hours ago

  • India.com

ITR Filing FY 2024-25: Filed Wrong Form By Mistake? Heres How To Fix It On Time– Check Steps

New Delhi: The Income Tax Department has now made ITR-2 and ITR-3 forms available for e-filing, completing the rollout of all major ITR forms (1 to 4) for the financial year 2024-25 (assessment year 2025-26). This means taxpayers can now file their returns using the appropriate form based on their income type. To ease the process further, the department has extended the filing deadline to September 15, 2025. A common mistake many taxpayers make is choosing the wrong ITR form. This can lead to notices from the tax department or even penalties. That's why it's important to be careful while filing your return make sure you select the correct form based on your income and eligibility. How to Correct an Incorrect ITR Filing Step 1: Identify the Correct ITR Form: Double-check your income details and choose the correct form as per your eligibility. Here's a quick guide: - ITR-1 (Sahaj): For salaried individuals with income up to Rs 50 lakh, one house property, and no capital gains or business income. - ITR-2: For those with capital gains, income from more than one property, or foreign assets—without any business income. - ITR-3: For individuals earning from business or profession. - ITR-4: For those opting for presumptive taxation under Sections 44AD, 44ADA, or 44AE. Step 2: Use the ITR Form Help Tool Visit the Income Tax e-filing portal and use the 'Help me decide which ITR Form to file' tool to confirm the right form based on your income and profile. Step 2: File a Revised Return (Section 139(5)) If you've filed the wrong ITR form, don't worry—you can correct it by filing a revised return. Make sure to file it before the deadline: - Without penalty: By September 15, 2025 - With penalty: By December 31, 2025 (for AY 2025-26), unless extended - You can file multiple revised returns, as long as it's within the allowed time. - Important: You can only revise the return if it hasn't been processed yet. Once it's processed, revision is not allowed. How to File a Revised ITR To fix your earlier mistake, here's how you can file a revised return easily: Step 1: Log in to the Income Tax e-filing portal – Step 2: Go to 'e-File' → 'Income Tax Returns' → 'File Income Tax Return'. Step 3: When asked for the filing type, choose 'Revised u/s 139(5)'. Step 4: Enter the acknowledgment number and date of your original ITR. Step 5: Select the correct ITR form, make necessary corrections, and submit. Step 6: E-verify your revised return within 30 days using Aadhaar OTP, net banking, or digital signature. If not e-verifying, download and sign the ITR-V and send it to CPC Bengaluru by post.

GST Council Meeting Soon, Tax Slab Rates And Compensation Cess Key Review Points
GST Council Meeting Soon, Tax Slab Rates And Compensation Cess Key Review Points

India.com

time6 hours ago

  • India.com

GST Council Meeting Soon, Tax Slab Rates And Compensation Cess Key Review Points

New Delhi: The Goods and Services Tax (GST) Council is expected to meet soon to review the tax regime. This could be the most significant review since the scheme was announced on July 1, 2017, eight years ago. According to reports, a sweeping reassessment of tax rates on consumer goods, which are currently taxed at the highest slab, and compensation cess might be among the top agenda items of the forthcoming meeting. Moving pure term insurance policies from the current 18 per cent rate to a zero-tax bracket can also be a top proposal on the council's table. The life insurance sector has been demanding a 12 per cent basket, but the Centre seems willing to go further to help middle-class consumers, according to reports. The council may consider moving the life insurance to a zero-tax bracket from the current rate, the reports stated. Health insurance buyers may anticipate some relief as well. Scrapping the 12 per cent GST slab entirely could be under discussion. The development could lower taxes on a variety of items. For over a year, discussions have been going on to simplify the GST, but no progress has been made. Meanwhile, in June this year, India collected Rs 1.85 lakh crore in Goods and Services Tax (GST), a 6.2 per cent increase over the same month the previous year. Despite a strong increase to stay above Rs 1.8 lakh crore, collections fell short of the record highs of Rs 2.37 lakh crore in April and Rs 2.01 lakh crore in May. The government said that the collections have doubled over the last five years to reach a record Rs 22.08 lakh crore in FY25, up from Rs 11.37 lakh crore in FY21, as the GST marked its eighth anniversary of implementation. Under the GST regime, the number of taxpayers has more than doubled over the past eight years, from 60 lakh to over 1.51 crore.

Authorities expedite Angamaly-Kundannoor bypass land survey
Authorities expedite Angamaly-Kundannoor bypass land survey

Time of India

time10 hours ago

  • Time of India

Authorities expedite Angamaly-Kundannoor bypass land survey

Kochi: Expediting works of the proposed Angamaly-Kundannoor bypass on NH 544, revenue authorities decided to complete survey process of land acquisition by Aug 15. Authorities informed that, aiming to expedite the process, more officials would be assigned for survey duty. Currently, there are 14 survey officers and there was a demand to increase the number of surveyors as initial land acquisition procedures were delaying indefinitely. It is learned that revenue authorities are planning to increase the number from 14 to 40. Services of additional draftsmen will also be provided for the survey team. A recent review meeting led by district collector NSK Umesh decided to hold a meeting every Monday to evaluate progress of the survey. It was in Aug 2023 that ministry of road transport and highways issued a 3A notification for land acquisition for the bypass project. However, preliminary stage of acquisition is yet to be completed and landowners have launched protests against the delay. The road project was delayed indefinitely due to uncertainty over govt decision on royalty and GST. Central govt, which agreed to bear the entire cost of construction and land acquisition for the bypass project, demanded state govt to waive its share of GST and royalty on construction materials. State govt will have to forego Rs 424 crore due to exemption of GST and royalty. As per estimate submitted by National Highways Authority of India (NHAI), GST share of state is Rs 254.4 crore and royalty on materials is Rs 169.6 crore. A total of 280 hectares from 17 villages in the district would be acquired for the road project. Alignment of the 44.7-km-long greenfield bypass road was approved by NHAI in Jan 2023. The road will begin from Karayamparambu on northern side of Angamaly town and will end at Kundannoor Junction on NH 66, which is going to be developed into a six-lane highway.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store