Category Archives: News

Incentive scheme for promotion of UPI transactions (P2M)

By | March 20, 2025

Cabinet approves Incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) Posted On: 19 MAR 2025 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the ‘Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)’ for the financial year 2024-25 in the following manner: i.        The incentive scheme for… Read More »

Accounting for CSR Expenditures : ICAI releases revised edition 2025 of technical guide on

By | February 28, 2025

Accounting for CSR Expenditures : ICAI releases revised edition 2025 of technical guide Contents Introduction 1 Objective and Scope 1 Definitions 2 Recognition and Measurement of CSR Expenditure in Financial Statements 4 (a) Expenditure in Cash (i) Whether Provision for Unspent Amount required to be created? (ii) Whether the Excess Amount spent is allowed to… Read More »

ICAI releases revised edition 2025 of FAQs on the Limited Liability Partnership (LLP) Act, 2008

By | February 28, 2025

ICAI releases revised edition 2025 of FAQs on the Limited Liability Partnership (LLP) Act, 2008 ICAI has released the revised edition of the FAQs on the Limited Liability Partnership (LLP) Act, 2008, updated in January 2025. This guide provides essential insights into the LLP framework, covering key amendments, LLP formation, governance, partner responsibilities, and financial… Read More »

ICAI (Merger and Demerger of CA Firms) Guidelines 2024

By | February 17, 2025

Dear Member, Notification of “ICAI (Merger and Demerger of CA Firms) Guidelines, 2024” In order to keep pace with the operating environment, the Committee for Aggregation of CA Firms (CACAF) of ICAI has revised “ICAI (Merger and Demerger of CA Firms) Guidelines, 2024” and the same were approved by the Council at its 432nd meeting held during 2nd-3rd July 2024. The… Read More »