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ICAI President’s Message – September 2022

September 1, 2022 2397 Views 0 comment Print

It is a pleasure to inform you all that the Direct Taxes Committee of ICAI has released the much awaited and thoroughly revised edition of its flagship publication ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961 – AY 2022-23’.

Income Tax Department searches two prominent real estate groups of Kolkata

September 1, 2022 2649 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st August, 2022 PRESS RELEASE Income Tax Department conducts searches in West Bengal The Income Tax Department carried out a search and seizure operation on 18.08.2022 on two prominent real estate groups of Kolkata. During the course of the […]

Extension of date For Online Filling of November 2022 CA exam forms

September 1, 2022 3468 Views 0 comment Print

Extension of Date for Submission of Online Examination Application Forms for Chartered Accountants Examinations – November 2022 Examination Department The Institute of Chartered Accountants of India 31st August, 2022 IMPORTANT ANNOUNCEMENT SUBMISSION OF ONLINE EXAMINATION APPLICATION FORMS FOR CHARTERED ACCOUNTANTS EXAMINATIONS, NOVEMBER 2022. This announcement is in continuation of the Institute’s announcement dated 14th July 2022 […]

I-T dept searches Transmission Tower manufacturing group in West Bengal

September 1, 2022 837 Views 0 comment Print

Income Tax Department conducts searches on a prominent Transmission Tower manufacturing group in West Bengal The Income Tax Department carried out a search and seizure operation on 24.08.2022 on a prominent Kolkata based group, engaged in manufacturing of Power Transmission & Distribution (T&D) Structure, Steel Structures, Steel ERW Pipes and Polymer products, etc. The search […]

Monthly GST revenues exceeds ₹ 1.4 lakh crore for sixth months in a row

September 1, 2022 1218 Views 0 comment Print

For six months in a row now, the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. The growth in GST revenue till August 2022 over the same period last year is 33%, continuing to display very high buoyancy.

Proposed SCOMET Policy for export of drones/UAVs

August 31, 2022 1449 Views 0 comment Print

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Dated: 30th August, 2022 Subject:- Circulation of proposed amendment in Category 5B of SCOMET List related to export of Drones/UAVs and General Authorization for Export of Drones/UAVs (GAED) , a SCOMET item for public/Industry comments. […]

ICAI Announces the formation of SRO for Social Stock Exchange

August 30, 2022 3489 Views 0 comment Print

Issue of Capital and Disclosure Requirements (Third Amendment) Regulations, 2022 by social enterprises has set the tone for the formation of the Social Stock Exchange in India, as a separate segment of a recognized stock exchange, to facilitate fundraising by social enterprises, both for-profit as well as not for profit organisations.

Request to reconsider method of implementation of Punjab State Development Tax

August 29, 2022 1311 Views 0 comment Print

THE PUNJAB ACCOUNTANTS ASSOCIATION (Regd. vide No. 304 of 2019-20 under the Registration of Societies Act, 1860) OFFICE : R. K. ASSOCIATES, SEHDEV MARKET, JALANDHAR CITY Mob: 98151-98051, 98780-20386, 98153-23059 E-mail : athepunjab@gmail.com, punjacctants@gmail.com, Website : punjabaccountants.com Ref. No : ……………… Dated : 29-08-2022 To Sardar Harpal Singh ji Cheema, Hon’ble Finance Minister, Punjab, Chandigarh Sub […]

Corporate Bond Markets in India – Challenges and prospects

August 29, 2022 3927 Views 0 comment Print

The growing size of the corporate bond market and the number of issuances every year are important indicators of the success of the development efforts of the Government and regulators.

Dynamics of Inflation in South Asia

August 29, 2022 642 Views 0 comment Print

South Asia is most vulnerable to food inflation, given the large segment of our populations battling poverty. Moreover, this is a region in which it is rising food prices that can trigger second round effects leading to the generalisation of inflation and its persistence.

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