RBI’s draft directions for Rural Co-operative Banks (RCBs) on lending to related parties. Sets materiality thresholds, disclosure rules, and mandates Board approval for large loans.
Tax professionals request the immediate enabling of GST Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for FY 2024-25 to avoid compliance hardship and synchronized Income Tax Audit.
RBI circular allows Authorised Dealer banks to permit the investment of surplus funds in Special Rupee Vostro Accounts into non-convertible debentures/bonds and commercial papers.
The Ministry of Commerce & Industry, through DGFT Notification No. 37/2025-26, has immediately amended the export policy for De-Oiled Rice Bran (DoRB), shifting its classification from ‘Prohibited’ to ‘Free’. This change removes the previous restriction that was in effect until September 30, 2025, allowing for unrestricted export under various ITC (HS) codes within Chapters 2302 and 2306.
This Customs, Excise and Service Tax Appellate Tribunal (CESTAT) notification, effective from November 15, 2025, mandates the online filing of all new and pending appeals and applications. New Memorandums of appeal/application by assessee-taxpayers, as well as Applications/Memorandum of Cross Objection by the Respondent, must be filed online in PDF format signed by the Appellant through […]
NFRA’s Series 4 focuses on auditor-Audit Committee communication regarding Ind AS 36 (Impairment) and SA 540 (Accounting Estimates). It details the required audit procedures, indicators, and potential questions.
The Institute of Cost Accountants of India grants a final extension until March 31, 2026, for CoP holders to clear the mandatory CPE hour shortfall from 2024-25. Non-compliance will lead to CoP discontinuation.
ROC Chhattisgarh waived the penalty under Section 137(3) for Maa Danteshwari Industries Pvt. Ltd. as the company rectified the delay in filing Financial Statements (AOC-4) within 30 days of the SCN.
ROC Chhattisgarh imposed penalties totaling ₹6,06,000 on VSG Power and Ispat Pvt. Ltd. and its directors for violating Section 92(5) by failing to file the Annual Return for FY 2023-24.
ROC Goa imposed a ₹6,00,000 penalty on Mega Structures Realestate Ltd. and its director for violating Section 197 by paying managerial remuneration over the prescribed limit without shareholder approval.
