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Streamlining Insolvency Profession Entry: Simplifying Enrolment & Registration

June 8, 2023 921 Views 0 comment Print

Under section 196(1)(aa) of IBC, IBBI is responsible to promote development of, and regulate, working and practices of, insolvency professionals in furtherance of purposes of Code.

CBIC notifies Exchange rate of Turkish Lira for Import & Export wef 08.06.2023

June 7, 2023 711 Views 0 comment Print

CBIC notifies Exchange rate of Turkish Lira for Import & Export wef 08.06.2023 vide Notification No. 40/2023- Customs (N.T.) Dated: 07th June, 2023. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ***** Notification No. 40/2023- Customs (N.T.) | Dated: 07th June, 2023 In exercise of the powers […]

CBDT notifies section 10(23FE) exemptions for foreign pension fund – 2743298 Ontario Limited

June 7, 2023 1881 Views 0 comment Print

Notification No. 36/2023-Income Tax, provides tax exemptions under section 10(23FE) for foreign pension fund – 2743298 Ontario Limited, for eligible investments made in India

Karnataka HC Suspends Recovery Due to Cryptic Stay Order

June 7, 2023 453 Views 0 comment Print

Karnataka HC Suspends Recovery in Rajya Vokkaligara Sangha Vs CIT (Exemptions) Due to Cryptic Stay Order assigning absolutely no reasons

Benefit of no duty import allowed when goods jointly imported by financing company and EOU

June 7, 2023 1443 Views 0 comment Print

CESTAT allowed Export Oriented Unit (EOU) and financing company jointly to enjoy the benefit of no duty imports when imported goods used by EOU.

Section 80P(2)(a)(i) deductions allowed on interest from nationalized bank deposits to Co.op. Credit societies

June 7, 2023 1347 Views 0 comment Print

Explore the landmark ruling by ITAT Pune on deductions for interest income from deposits with a nationalized bank, as illustrated in the Subordinate Engineers Association MSEB Co.op. Credit Society Ltd Vs ITO case.

Draft Guidance Note – FAIS 410 : Applying Data Analysis

June 6, 2023 1503 Views 0 comment Print

Data Analytics (DA) being a dynamics area of practise, a lot rapid developments are underway, especially in the tools and solutions available to undertake Forensic Accounting and Investigation (FAI) engagements.

Draft Guidance Note – FAIS 350 : Review and Supervision

June 6, 2023 729 Views 0 comment Print

This Guidance Note (GN) with reference to FAIS 350, deals with review and supervision as an integral part of the operational framework.

Draft Guidance Note – FAIS 320: Evidence and Documentation

June 6, 2023 1212 Views 0 comment Print

Forensic Accounting or Investigation (FAI) assignments is a fact-finding exercise seeking relevant and reliable evidences. Conclusions and reporting are dependent on the basis of evidence gathered and documents considered

Draft Guidance Note – FAIS 610 : Quality Control

June 6, 2023 579 Views 0 comment Print

This Guidance Note (GN) deals with practical application of Quality Control (QC) techniques to support the Professional in ensuring a consistent approach for an acceptable quality of work performed.

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