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ITAT allows treating Turnover of Intraday Equity transactions on Net basis

April 28, 2022 2424 Views 0 comment Print

Explore ITAT Kolkata’s ruling in Anju Chamaria vs ITO regarding 271B penalty. Analysis of turnover, audit requirement, and key legal insights provided.

Provision for extending benefits under CCS (Pension) Rules or CCS (EOP) Rules

April 28, 2022 1230 Views 0 comment Print

Provision for extending benefits under CCS (Pension) Rules or CCS (EOP) Rules to family of missing Central Government employees covered under National Pension System (NPS)-reg.

COVID-19 Custom Duty Exemption – CBIC directs Implementation of Rules

April 27, 2022 1563 Views 0 comment Print

Reference is invited to notification No. 28/2021-Customs dated 24th April, 2021 that sought to exempt customs duty and health cess on import of oxygen, oxygen related equipment and COVID-19 vaccines, up to 30th September, 2021.

CBI Arrests EPFO Enforcement Inspector for Accepting Bribe of Rs. 3 Lakh

April 27, 2022 1236 Views 0 comment Print

The Central Bureau of Investigation has arrested an Enforcement Inspector, EPFO, Kanpur (Uttar Pradesh) for demanding & accepting bribe of Rs. Three Lakh from the Complainant.

Format of Initial & Annual Disclosure to be made by an entity identified as a ‘Large Corporate’

April 27, 2022 30993 Views 2 comments Print

Companies which are identified as Large Corporate under above mentioned SEBI Circular are required to file the Initial Disclosure through Annexure A as well as Annual Disclosure through Annexure B1 for Financial Year 2020 and 2021.

Empanelment with Jammu & Kashmir Bank Ltd. for Internal Audit

April 26, 2022 4572 Views 0 comment Print

Jammu & Kashmir Bank Ltd. Online Request for Quotation (e-RFQ) for Engagement of external Auditors for conducting Audit of Internal Audit & Compliance (Follow-up) Functions covering the period from 01.04.2021 to 31.03.2022 with regard to Quality assurance & improvement Programme

Audit of NBFCs: ICAI advises members to fully adhere to RBI circular

April 26, 2022 9204 Views 0 comment Print

RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asset size of the auditee NBFC.

User Manual for filing ‘Kerala Flood Cess Annual Return’

April 26, 2022 8862 Views 2 comments Print

File No.CT/10077/2019-GSTINFO1 User Manual for Kerala Flood Cess (KFC) Annual Return 1. Menu Click the ‘Annual Return’ 2. List of pending annual return List of pending annual returns will be available and one can proceed by clicking the button ‘Prepare online’ 3. Annual Return Filing Page On clicking the ‘prepare online‘ button the following page […]

Unilateral Deposit Not Create Any Rights in Land if no Allotment letter issued

April 26, 2022 1884 Views 0 comment Print

High Court finds that merely by depositing amount unilaterally by the petitioner-firm, in absence of any allotment letter, would not create any right to claim allotment in its favour.

Sec 138 NI Act – blanket exemption from personal appearance cannot be granted

April 26, 2022 6711 Views 0 comment Print

Mahesh Kumar Kejriwal Vs Bhanuj Jindal (Supreme Court of India) Learned counsel for the petitioner has attempted his best to persuade us to interfere with the orders impugned, whereby the petitioners’ prayer for exemption altogether from appearance in the case pertaining to the offence under Section 138 of the Negotiable Instruments Act, 1881 has not […]

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