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ICAI Update ICAI Announces Landmark Reforms to Strengthen Indian CA Firms GloballyAt the 447th Council Meeting, ICAI app...
13/12/2025

ICAI Update

ICAI Announces Landmark Reforms to Strengthen Indian CA Firms Globally
At the 447th Council Meeting, ICAI approved a series of transformative reforms aligned with Hon’ble PM Shri Narendra Modi Ji’s vision of empowering Indian firms and showcasing India’s professional excellence globally.
Key Highlights:
🔹 Advertising Enabled for CA Firms – A historic change enhancing professional visibility and competitiveness.
🔹 Global Networking Guidelines Approved – Opening doors for Indian firms to collaborate with international networks.
🔹 Convergence with 2024 IESBA Code – Strengthening ethical standards and auditor independence.
🔹 New Sustainability Assurance Standards – Aligning with global sustainability frameworks.
🔹 Expanded MCS Services – Allowing CAs to offer new-age services like AI, forensics, and social impact assessments.
🔹 Digital-Only Audit Fee Payments – Supporting India’s digital economy mission.
These reforms mark a major step toward building Big Indian Firms, enhancing global opportunities, and preparing the profession for the future.

*The Central Board of Direct Taxes (CBDT) extends the ITR due date to 10th December 2025.**TAR date is further extended ...
29/10/2025

*The Central Board of Direct Taxes (CBDT) extends the ITR due date to 10th December 2025.*

*TAR date is further extended to 10th November 2025.*

Due date for filing tax audit return extended to 31st October 2025
25/09/2025

Due date for filing tax audit return extended to 31st October 2025

MAJOR BREAKING: ICAI announces Major Changes in Examination System - CA Final to be Held Thrice a Year, Offering Student...
27/03/2025

MAJOR BREAKING: ICAI announces Major Changes in Examination System - CA Final to be Held Thrice a Year, Offering Students More Opportunities.

Team KPMH & Co. encourages all citizens to exercise their right to vote in the Jharkhand elections. Let’s come together ...
12/11/2024

Team KPMH & Co. encourages all citizens to exercise their right to vote in the Jharkhand elections. Let’s come together for a brighter future and a stronger Jharkhand!

06/08/2024

**Amendment to Provide Relief for Real Estate under LTCG Regime**

The government had amendment to provide relief for taxpayers under the Long-Term Capital Gains (LTCG) regime concerning the taxation of immovable property. The amendment allows taxpayers to choose between a lower rate of 12.5% without indexation or a higher rate of 20% with indexation for properties acquired before July 23, 2024.

**Key Provisions of the Amendment:**

1. **Applicability:**
- The relief applies to individuals and Hindu Undivided Families (HUF) who transfer long-term capital assets, specifically land or buildings or both.

2. **Choice of Taxation Scheme:**
- Taxpayers can opt to compute their taxes under either the new scheme (12.5% without indexation) or the old scheme (20% with indexation).
- Taxpayers will pay the lower of the two calculated tax amounts.

3. **Effective Date:**
- This amendment is applicable to properties acquired before the 23rd day of July, 2024.

By allowing taxpayers the flexibility to choose between the two schemes, this amendment aims to provide substantial relief and potentially reduce the tax burden for those dealing with long-term capital gains from immovable property.

Filing of Form 10B & 10BB is extended from 30.09.23 to 31.10.23 and ITR 7 has been extended from 31.10.23 to 30.11.23 vi...
18/09/2023

Filing of Form 10B & 10BB is extended from 30.09.23 to 31.10.23 and ITR 7 has been extended from 31.10.23 to 30.11.23 vide circular No 16/2023 issued u/s 19 on 18.09.23 .

GST UpdateE-Invoice limit will be reduced to 5 Crores from 10 Crores with effect from 1st August 2023.Note - 1)In case t...
10/05/2023

GST Update

E-Invoice limit will be reduced to 5 Crores from 10 Crores with effect from 1st August 2023.

Note -

1)In case the Aggregate Turnover exceeds 5 crore in any of the previous 5 years, then E-invoice would be applicable

2)For the purpose of limit of Aggregate Turnover, (even the Exempted Turnover )would be considered

*Extention of Due Date* for Furnishing Return of Income (Audit Cases) for AY 2022-23 - *7th Nov., 2022*...
26/10/2022

*Extention of Due Date* for Furnishing Return of Income (Audit Cases) for AY 2022-23 - *7th Nov., 2022*...

We feel proud to announce that three interns from team KPMH cleared CA finals CA Shrinkhla Khowal CA Pravishi Tantia CA ...
15/07/2022

We feel proud to announce that three interns from team KPMH cleared CA finals

CA Shrinkhla Khowal
CA Pravishi Tantia
CA Prish*ta Tibrewal

Welcoming them to our CA members fraternity

08/06/2022

Repo rate hiked by 50 basis points to 4.90%

27/05/2022

*MCA UPDATE*

Relaxation in paying additional fees in case of delay in filing Form 11(Annual Return) by Limited Liability Partnerships up to 30th June, 2022.

Please find the link:

Address

Ranchi

Opening Hours

Monday 10am - 7pm
Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 5pm

Telephone

+917488998677

Website

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