THE CHARTERED ACCOUNTANTS, THE COST AND WORKS ACCOUNTANTS AND THE COMPANY SECRETARIES (AMENDMENT) BILL, 2021 – A BILL further to amend the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980.
The objective of the PCA Framework is to enable Supervisory intervention at appropriate time and require the Supervised Entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health.
Dr. R. P. Patel & Ors. Vs Asst. Director of Income Tax (Investigations) & Ors. (Kerala High Court) Authorised officer conducting the search & seizure cannot retain the documents/ assets beyond 15 days and encash IVPs for adjustment against tax liability Hon’ble Kerala High Court set aside the judgment of the learned Single Judge denying […]
E S Krishnamurthy & Ors. Vs Bharath Hi Tech Builders Pvt. Ltd. (Supreme Court) Conclusion: What the Adjudicating Authority and Appellate Authority had proceeded to do was to abdicate their jurisdiction to decide a petition under Section 7 by directing the respondent to settle the remaining claims within three months and leaving it open to […]
Part I – Law(s) Governing the eForm INC-22A Section and Rule Number(s) Rule 25A: Active Company Tagging Identities and Verification (ACTIVE).- (1) Every company incorporated on or before the 31st December, 2017 shall file the particulars of the company and its registered office, in e-Form ACTIVE (Active Company Tagging Identities and Verification) on or before […]
National Chamber of Industries & Commerce, U.P. has made a representation to Hon’ble Union Minister for Finance and made 27 Suggestion related to Union Budget 2022. Suggestion includes request for Rationalization of Rate Of Tax On Firms/LLP, Enhancement of Section 80C Limit, Allowability Of CSR Expenditure, Amendment To section 54 to Incorporate More Than One […]
National Chamber of Industries & Commerce, U.P. has made a representation on Problems On Income Tax Portal , Faceless Assessment & Appeals to Hon’ble Chief Commissioner of Income Tax,(OSD) Agra. They highlighted issued related to Glitches in the New Income Tax Portal, Faceless Assessments/Penalty, Faceless Appeals, Processing of Returns, Dedicated Grievance MAIL id and helpline […]
Government declares Public Holidays in the National Capital Territory of Delhi during the year 2022 under Section 25 of the Negotiable Instruments Act, 1881. GENERAL ADMINISTRATION DEPARTMENT (CO-ORDINATION BRANCH) NOTIFICATION Delhi, the 14th December, 2021 No. F.53/461/GAD/CN/2021/4041-4089.—In exercise of the powers conferred by Section 25 of the Negotiable Instruments Act, 1881 read with the Government […]
Central Government hereby notifies operating lease including any hybrid of operating and financial lease of such product or equipment as may be specified by International Financial Services Centres Authority, as financial product.
It has been brought to the notice of the Board that Fake news reports allegedly quoting an audio message in the name of Controller of Examination, CBSE are being circulated claiming that due to an error in class XII Accountancy Term I paper held on 13th December, 2021 ‘upto 06 grace marks’ will be given. […]
