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Archive: October, 2021

Posts in October, 2021

IRDA penalises Safeway Insurance Brokers for violation of Regulations

October 4, 2021 2559 Views 0 comment Print

The charge pertains to non-submission of requisite information by the Broker to the inspection team such as solicitation related documents, mandate letters, comparison chart, quotes, proposal form, policy documents, complaints related documentation etc.

DGFT notifies quantity for export to EU under TRQ scheme

October 4, 2021 1260 Views 0 comment Print

The quantity of 5841 MT sugar (raw and/or white sugar) to be exported to EU under TRQ scheme from 01.10.2021 to 30.09.2022 has been notified.

Amendment in Export Policy of Syringes

October 4, 2021 1545 Views 0 comment Print

The export of Syringes with or without Needles falling under HS code specified above or falling under any other HS code has been put under ‘Restricted’ category with immediate effect. The procedure for submission and approval of application for export of syringes will be notified separately.

RBI clarifies on amount of capital funds that can be raised overseas

October 4, 2021 876 Views 0 comment Print

Several banks have approached RBI to clarify the amount of capital funds that can be raised overseas. It is clarified that eligible amount for purpose of issue of PDIs in foreign currency would mean the higher of (a) 1.5% of Risk Weighted Assets (RWAs) and (b) Total Additional Tier 1 capital as on March 31 of the previous financial year.

IRDA declines renewal request of Vision Digital Insurance TPA

October 4, 2021 1476 Views 0 comment Print

TPA did not fulfill the Minimum Business Requirements during 2019-20 in any of the parameters as specified under regulation 14 of TPA Regulations, 2016 read with the Minimum Business norms as stipulated under Annexure-11 of Circular Ref: IRDAI/TPA/REG/CIR/130/06/2020 dated 03rd June 2020. It is also observed that on an average basis for the years under […]

Rescheduled & Merged CMA Intermediate & Final Exam Time Table & Programme

October 4, 2021 1254 Views 0 comment Print

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) RESCHEDULED INTERMEDIATE AND FINAL EXAMINATION TIME TABLE & PROGRAMME – JUNE 2021 (Merging) AND DECEMBER 2021 PROGRAMME FOR SYLLABUS 2016 ATTENTION: INTERMEDIATE & FINAL EXAMINATION WILL BE HELD ON ALTERNATE DATES FOR EACH GROUP. Day & Date INTERMEDIATE (T i me: […]

NSDL release new e-TDS/TCS RPU & FVU wef 01.10.2021

October 4, 2021 44028 Views 0 comment Print

NSDL releases e-TDS/TCS Return Preparation Utility (RPU) version 3.7 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08 onwards i and e-TDS/TCS File validation utility (FVU) versions 2.168 for FY 2007-08 to FY 2009-10 and 7.2 for FY 2010-11 onwards  which are appliable from with effect from October 01, 2021 onwards. A. e-TDS/TCS Return […]

Robust Internal Controls including COBIT 2019: Role of CAs

October 4, 2021 3954 Views 0 comment Print

Robust Internal Controls including COBIT 2019: Must to achieve Enterprise Mission – Role of CAs Internal Controls are systematic and procedural steps adopted by an organization to mitigate risks, primarily in the areas of financial accounting and reporting, operational processing, and compliance with laws and regulations. They are steps taken to strengthen the organization’s systems […]

Versatile Role of CAs In Areas Human Asset Management, Accounting etc

October 4, 2021 2568 Views 0 comment Print

Versatile Role of CAs In Areas The Human Asset Management, Accounting, Soft Skills Training, Creating Robust HR Dept And Compliance of Employment Laws This article purported to give you insight information of the human resources world in terms of lucrative professional opportunities available for chartered accountants. 1. What is Human Resource? The term resources imply […]

Section 68 | Unexplained Cash Credit, Investment, Money

October 4, 2021 52647 Views 0 comment Print

Unxeplained Cash Credits, Investment, Money Under Provisions of Income Tax Act, 1961 It is our duty to pay our taxes on time and disclosing all our income in our returns properly. The income of an assessee is governed by the provisions of Income Tax Act, 1961. The Act, 1961 provides various types of exemptions, deductions […]

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