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Advisory for Anonymised Escalation Mechanism under Faceless Assessment

July 7, 2022 1353 Views 0 comment Print

ICEGATE registered users are required to contact the ICEGATE Helpdesk team on the toll free number 1800-3010-1000 to avail the functionality of Anonymised Escalation Mechanism under Faceless Assessment.

CBI Arrests two Senior Tax Assistants of Income Tax Department

July 5, 2022 3273 Views 1 comment Print

The Central Bureau of Investigation has arrested two Tax Assistants posted at Income Tax Department, Hyderabad and Visakhapatnam in a bribery of Rs. 60,000/-.

CCI Approves Acquisition of Citrix Systems, Inc.

July 5, 2022 1134 Views 0 comment Print

CCI has  approved the acquisition of Citrix Systems, Inc. (Citrix) by funds managed by Vista Equity Partners Management, LLC (Vista) and funds and investment vehicles managed by Elliott Investment Management L.P. (Elliott)

Rescheduled date for CA Foundation Exam at Silchar (Assam) Exam Centre

July 5, 2022 2040 Views 0 comment Print

Chartered Accountants Foundation Examination, Paper – 1 [Principles and Practice of Accounting] and Paper – 2 [Business Laws & Business Correspondence and Reporting] which were scheduled on 24th and 26th June 2022 respectively in Silchar (Assam) Examination Centre were postponed.

Compendium of Ind AS (as on April 01, 2022) and Guidance Material

July 5, 2022 4104 Views 0 comment Print

ICAI has released Compendium of Indian Accounting Standards (Ind AS) (as on April 01, 2022) along with e-version of related guidance material at the occasion of CA Day held on July 01, 2022.

Ranking of States on Support to Startup Ecosystems released

July 5, 2022 1005 Views 0 comment Print

Results of Ranking of States’ Exercise 2021 on support to Start-up Ecosystems declared Gujarat and Karnataka adjudged Best Performers among states; Meghalaya is the Best Performers among UTs and North-Eastern States Kerala, Maharashtra, Orissa and Telangana are the Top Performers among States; J&K is the Top Performer among UTs and NE States With ONDC, instead […]

Income Tax Department conducts searches in Chhattisgarh

July 5, 2022 1014 Views 0 comment Print

Income Tax Department carried out search and seizure operations on 30.06.2022 on a group engaged in business of coal transportation and other allied activities. The premises of a senior government officer was also covered in the search action. In all, the search operation covered more than 30 premises spread over Raipur, Bhilai, Raigarh, Korba, Bilaspur, Surajpur […]

Tata Steel Long Products Limited takes over Neelachal Ispat

July 5, 2022 2286 Views 0 comment Print

NINL Strategic Disinvestment transaction has been completed today with the transfer of 93.71% shares of the Joint Venture Partners (4 CPSEs and 2 Odisha Govt. PSUs) to the Strategic Buyer, M/s Tata Steel Long products Limited.

Draft IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022

July 5, 2022 1527 Views 0 comment Print

International Financial Services Centres Authority Press Release Invitation for public comments on draft International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022 The International Financial Services Centres Authority (IFSCA), in its endeavour to develop a comprehensive and consistent regulatory framework for establishment of International Branch […]

Educational Material on Ind AS 34, Interim Financial Reporting

July 4, 2022 1422 Views 0 comment Print

Ind AS 34 does not specify which entities must publish an interim financial report. This is generally a matter for relevant law and government regulations.

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