Anandkumar B.Parakh & Associates
Chartered Accountant

Accounting Services

Accounting System Design & Implementation

```
Financial Accounting
```
```
Budgeting
```
```
Financial Reporting
```
```
MIS Reports
```
```
Financial Analysis
```
```
Asset Accounting Management
```
```
Depreciation and Amortization Schedules
```

News & Events

18/01/2025

SEBI asks mutual funds to disclose information ratio of schemes

India’s Forex Reserves decline by $8.7 Billion to $625.87 Billion

India’s Economic Growth Poised for Rebound Amid Rising Rural Demand

FM Nirmala Sitharaman may introduce new income tax bill in Budget session

17/01/2025

Rupee gains 3 paise to 86.58 against US dollar in early trade

RBI injected over Rs. 40,000 crore into the banking system through 2 Auctions

SC asks GST Department to Rectify issues over Fake Invoices

90k Salaried individuals withdraw Rs 1,070 Cr worth wrongful tax deduction claims

16/01/2025

RBI Announces steps to encourage cross-border transactions in Indian rupee

ICAI Past President’s Firm Needs Further Investigation - SEBI

14/01/2025

Country’s net direct tax collection surges by nearly 16% to Rs.16.9 lakh crore

Tax-free gratuity limit for employees

GST Advisory for Waiver Scheme under Section 128A

Insurers are seeking tax benefits, incentives in Union Budget

Rupee recovers from record low to settle 8 paise higher at 86.62 against US dollar

FM Sitharaman extending the additional Rs 50,000 tax exemption for life insurance companies: Budget 2025

Generation Date for Draft GSTR 2B for December 2024

13/01/2025

GDP growth, likely rate cuts in 2025 to support credit access of corporates in FY26

Union home ministry has cut the budget for Census Survey and Statistics

GTRI Suggests for simplified customs duty structure in Union Budget 2025

RBI Said to ease rupee drought with FX swaps

India’s rupee fell to a record low past 86.5 per dollar

GST officers must explain 'grounds of arrest' to offenders, obtain acknowledgement: CBIC

Business correspondents Requested RBI to ease domestic transfer limits and rules

FM Announces Amnesty Scheme for customs in Upcoming Budget

New changes made in GSTR-1 from January 2025

Notifications/Circulars

18/01/2025

Seeks to amend Notification no. 01/2017- Central Tax (Rate)

Seeks to amend Notification no. 02/2017- Central Tax (Rate)

Seeks to amend Notification no. 39/2017- Central Tax (Rate)

Seeks to amend Notification no. 08/2018- Central Tax (Rate)

Coverage of customers under the nomination facility

17/01/2025

Prevention of financial frauds perpetrated using voice calls and SMS – Regulatory prescriptions and Institutional Safeguards

16/01/2025

Foreign Exchange Management (Mode of Payment and Reporting of Non- Debt Instruments) (Third Amendment) Regulations, 2025

Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Fifth Amendment) Regulations, 2025

Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025

11/01/2025

Extend The Due Date for Furnishing FORM GSTR-6 For the Month of December, 2024

Extend The Due Date for Furnishing FORM GSTR-8 For the Month of December, 2024

Extend The Due Date for Furnishing FORM GSTR-7 For the Month of December, 2024

Extend The Due Date for Furnishing FORM GSTR-5 For the Month of December, 2024

07/01/2025

Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025