Details on penalties for not maintaining AMB in savings accounts, criteria for calculation, and government’s stance on rationalizing these charges.
ICAIs Auditing and Assurance Standards Board releases an Exposure Draft for audits of less complex entities. Comments invited until September 9, 2024.
The Indian Government has recognized over 1.4 lakh startups as of June 2024, promoting innovation and investment through various initiatives under the Startup India scheme.
TRAI has released a consultation paper on reviewing Telecom Consumer Protection Regulations 2012, focusing on tariff offerings, voucher validity, and more. Feedback by Aug 16.
Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and uniform taxpayer regulations.
Finance Bill 2024 proposes an amendment to Section 55 of the Income Tax Act to clarify the computation of cost of acquisition for unlisted equity shares sold under an IPO.
Check your CA Foundation Exam results on 7th Feb 2024 at icai.nic.in. Use your registration number and roll number for result access.
Budget 2024 extends the scope for lower deduction/collection certificates under Sections 197 and 206C, effective from October 2024.
Budget 2024 introduces provisions for exempting or reducing TCS on certain transactions. Effective from October 2024.
Budget 2024 reduces penalty relief period for TDS/TCS statement filing from one year to one month. Changes effective April 2025.
