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Exposure Draft Accounting Standard (AS) 108 Segment Reporting

April 29, 2022 648 Views 0 comment Print

Exposure Draft of revised AS 108, Segment Reporting has been issued by the ASB for comments with the last date being May 28, 2022. The objective of this Standard is to establish principles for reporting financial information, about the different types of products and services an entity produces and the different geographical areas in which it operates. Such information helps users of financial statements:

Core Industries grow by 10.4% during FY 2021-22

April 29, 2022 531 Views 0 comment Print

Core Industries grow by 10.4% during FY 2021-22; steel, cement and natural gas lead the way Combined Index of Eight Core Industries grew by 4.3 per cent in March 2022 INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR MARCH, 2022 The cumulative growth rate of Index of Eight Core Industries (ICI) during April-March 2021-22 was […]

Request to extend due date of filing of annual statement in form GSTR-4

April 29, 2022 31719 Views 9 comments Print

FM is Requested to kindly extend the due date for filing of GSTR-4 to 31st December, to bring in align with Annual Return by regular taxable persons or at least till 31st July to bring it in align with due date for filing income tax return by small taxpayers.

Request for Concurrent Audit of SIDBI

April 29, 2022 2685 Views 0 comment Print

SIDBI reserves the sole right for carrying out any amendments/ modifications / changes including any addendum to this RfP. Such amendments / modifications / changes including any addendum to this RfP shall be notified on SIDBI’s website www.sidbi.in and these will be binding on the bidders.

Delhi HC Issues Practice Directions to Dispense with Physical Signatures on Daily Court Orders

April 29, 2022 1188 Views 0 comment Print

In order to dispense with the physical signatures on the daily orders (which are not important/final orders and judgments) of the judicial cases which are digitally signed either by the Hon’ble the Chief Justice/Hon’ble the Acting Chief Justice, Hon’ble Judges or their Private Secretary/designated officer and by officers holding courts, Hon’ble the Acting Chief Justice has been pleased to issue the following practice directions:

Status Note on GST compensation released to States/UTs

April 29, 2022 1626 Views 0 comment Print

₹ 2.78 lakh crore of compensation released to States for the year 2020-21 itself ; nothing is pending for the year Centre released ₹ 7.35 lakh crore and compensation of ₹78,704 crore pending only for the year 2021-22 At the time of introduction of GST, the Constitution amendment provided that the Parliament, by law shall […]

Guidelines on Group Insurance Products under Health Insurance Business and other operational matters

April 29, 2022 1143 Views 0 comment Print

On comprehensively examining the extant framework governing the administration of group health insurance products, in order to protect the interests of the insuring public and the insured members of group schemes, it is proposed to issue suitable guidelines on Group Insurance Products under Health Insurance Business and other operational matters.

Updation of UDINs at e-filing Portal & Date extension

April 28, 2022 10494 Views 0 comment Print

The timeline to update UDIN is extended till 31st May 2022 to give more time to CAs to correctly verify and upload UDINs.  Presently, various instances of invalidation of UDINs at the e-filing portal of Income Tax Dept. are being reported. The members are advised to try again to update those UDINs which have been invalidated earlier at the e-filing portal of Income Tax Dept. now.

ICAI extends 75% Concession in Registration Course Fee for all levels of CA Courses

April 28, 2022 7362 Views 0 comment Print

Renewal of 75% Concession in Registration Course Fee for all levels of CA Courses for the Candidates/ Students from Union Territories of Jammu & Kashmir, Ladakh and for 8 North-Eastern States.

Representation on UDIN Problem at Income Tax Portal

April 28, 2022 30966 Views 10 comments Print

There are some concerns regarding Problem faced by the Members in relation to the UDIN Updation at the Income Tax Portal, I would like to Draw your Attention on different type of issues faced by the Members and possible solutions, so that suitable action may be taken to resolve their concerns.

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