Stock Exchanges shall submit at-least past three-years data of the index constructed along with data on monthly volatility, roll over yield for the month and monthly return while seeking approval from SEBI. On approval, the Stock Exchange(s) shall also publish the above data on their website before launch of the contract.
Input Tax Credit on inputs, input services and capital goods cannot be denied merely on the ground that one of the constituent service of the mixed supply attracts Nil rate of tax if provided separately.
The UK today (Thursday 17 March) announced it is suspending the exchange and sharing of tax information with Russia and Belarus as part of continued efforts to inflict economic pain on President Putin’s regime. -The UK has suspended all exchange of tax information with Russia and Belarus under the UK’s exchange of information agreements -Move […]
India imported 17.44 LMT edible oils from Ukraine and 3.48 LMT edible oils from Russia in 2020-21 In a bid to control the rise in cooking oil prices, the Centre has cut the basic duty on Crude Palm Oil, Crude Soyabean Oil and Crude Sunflower Oil from 2.5% to Nil The basic duty on Refined […]
As per Reserve Bank of India (RBI) data, total FDI inflow of US$ 74.01 billion has been reported in calendar year 2021 compared to US$ 87.55 billion in calendar year 2020.
Currently 146 Central approvals across 21 Ministries/ Departments are enabled to be applied through the NSWS portal. 14 States’/UTs’ Single Window Systems have been linked with the NSWS Portal thereby providing access to approvals of these States/UTs to be applied through a single login id. All concerned Ministries and Departments of the Central Government and States have been requested to integrate their approval processes with the NSWS.
In order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic, Government amended the FDI policy vide Press Note 3(2020) dated 17.04.2020 whereby an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any […]
To mitigate the hardship of the students who are sitting in the Central Board of Secondary Education (CBSE) – Senior School Certificate Examination, Term II (2021- 2022) and Council for the Indian School Certificate Examinations (ICSE), Semester 2, Year 2022 examinations and simultaneously pursuing Chartered Accountants Foundation Course Examination, May 2022, ICAI decided to re-schedule […]
Aadhaar Lock/Unlock Q.1 I forgot my VID. How can I get it after locking UID? Ans. After Locking UID if resident forgot VID, Resident can make use of SMS service to Retrieve 16 digit VID on his register mobile number Send SMS 1947 with Aadhaar Register mobile number as RVID Space last 4 or 8 […]
In the wake of popularity of virtual currencies or cryptocurrency, ICAI would be undertaking a detailed study about virtual currencies, a new phenomenon but the importance of which is catching up globally. A Research Group is being constituted by ICAI and shall be soon undertaking the task.
