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Exposure Draft: International Tax Reform – AS 22 Amendments

July 25, 2023 621 Views 0 comment Print

The Accounting Standards Board issues an Exposure Draft of International Tax Reform—Pillar Two Model Rules, proposing Amendments to AS 22 for deferred tax asset and liability recognition. Comment by August 25, 2023.

ICSI FAQs on Unique Document Identification Number (UDIN)

July 25, 2023 14295 Views 0 comment Print

UDIN is a 17 digit system generated number which is used to verify the authenticity of documents attested / certified by a Company Secretary in Practice.

Withdrawal of ₹2000 denomination currency notes by RBI

July 25, 2023 1032 Views 0 comment Print

As per data shared by the Union Minister of State for Finance, Shri Pankaj Chaudhary, the majority (89%) of these notes were issued prior to March 2017. The volume and value of the ₹2000 banknotes have seen a gradual decrease since their peak in 2018.

Request to extend due date for filing Income Tax Returns for AY 2023-24

July 25, 2023 28692 Views 10 comments Print

Amid disruptive weather conditions, Tax Advocates Association Gujarat pleads for an extension of the Income Tax Return filing deadline from 31st July to 31st Aug 2023.

Open Network for Digital Commerce: Democratizing E-Commerce

July 24, 2023 1017 Views 0 comment Print

ONDC aims to democratize digital commerce, lower entry barriers, encourage new business models, and ensure inclusive growth in India’s e-commerce sector.

Intellectual Property Rights Policy Management: All You Need to Know

July 24, 2023 1044 Views 0 comment Print

India’s IPR Policy Management framework encompasses eight types of intellectual property rights and ensures streamlined application and protection processes.

Smuggled High-End Watches Worth Rs. 30 Crores Seized by DRI

July 24, 2023 1227 Views 0 comment Print

Directorate of Revenue Intelligence (DRI) seizes over 30 crore worth of smuggled high-end premium watches of foreign origin. Smuggler arrested under Customs Act.

CGST Lucknow Zone: Fake ITC Racket Busted, Rs.750 Crores Scam

July 24, 2023 1617 Views 0 comment Print

CGST Commissionerate Agra exposes a massive fake ITC racket involving Rs.750 Crores transactions and Rs.134 Crores ITC. One arrest made, investigation ongoing.

Representation on Glitches in Income Tax Portal: Non-display of notices

July 24, 2023 13707 Views 0 comment Print

Karnataka State Chartered Accountants Association addresses technical glitches in the ‘e-proceedings’ tab of the IT portal regarding non-display of recent notices.

Income Tax department warns against false refund claims & wrongful deductions

July 24, 2023 326307 Views 1 comment Print

Vijayawada Division’s Income Tax Department warns against false refund claims and wrongful deductions. Learn the consequences and rectify claims now.

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