Directorate of Enforcement (ED) has attached assets worth Rs. 2747.69 Crore in ABG Shipyard Limited case Press Release 22.09.2022 Directorate of Enforcement (ED) has attached assets worth Rs. 2747.69 Crore in ABG Shipyard Limited case. The attached assets include Shipyard at Surat and Dahej located in Gujarat, agricultural lands and plots, various commercial and residential premises […]
Representation to extend the due date of filing of Audit reports under Income Tax Act, 1961, from 30th September, 2022 to 31st October, 2022. Please Read: CBDT extends due date for filing various Income Tax Audit reports ALL INDIA FEDERATION OF TAX PRACTITIONERS Dated: September 19,2022 To, 1. Smt. Nirmala Sitharaman Ji, The Honorable Union […]
Technical Guide on Audit of Charitable Institutions under Section 12A of Income-tax Act, 1961 provides guidance on audit of Public Charitable Institutions
There have been some media reports which states that ‘Oil Ministry seeks windfall tax review’. The reports, quoting Ministry of Petroleum & Natural Gas’ letter of August, 2022 have stated that the Ministry has sought changes in the levy of Special Additional Excise Duty (SAED). These reports are misleading. It is clarified that the levy […]
Amendments in IBBI (Liquidation Process) Regulations, 2016 and IBBI (Voluntary Liquidation Process) Regulations, 2017 1. Streamlining the constitution of SCC Present framework ❖ Reg. 31A -*Stakeholders’ Consultation Committee (SCC) be constituted within 60 days from LCD and decision(s) taken prior to that be placed before it, for information only. ❖ Liquidator takes significant decisions related […]
Grievances and suggestions with respect to the functioning of Demand Facilitation Center, CPC (DFC) in connection to the outstanding demand
A Practicing Chartered Accountant abstain from soliciting clients or professional work either directly or indirectly by circular, advertisement, personal communication, or interview or by any other means.
Members may to raise any issues related to Tax Audit where elucidation, clarification or further elucidation is desired at email id taxauditclinic@icai.in
Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available.
Applications are invited for concurrent Audit of branches of PNB in Area II & III”. Format for CA Firms and List of Area II & III EMPANELMENT FOR CONCURRENT AUDIT.
