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ITR 3 – Validation Rules for AY 2022-23

April 27, 2022 34059 Views 1 comment Print

Central Board of Direct Taxes, e-Filing Project  – ITR 3 – Validation Rules for AY 2022-23 – Version 1.0 – 22nd April 2022 1. Purpose The Income Tax Department has provided free return preparation software in downloads page which are fully compliant with data quality requirements. However, there are certain commercially available software or websites that offer […]

Empanelment with Jammu & Kashmir Bank Ltd. for Internal Audit

April 26, 2022 4584 Views 0 comment Print

Jammu & Kashmir Bank Ltd. Online Request for Quotation (e-RFQ) for Engagement of external Auditors for conducting Audit of Internal Audit & Compliance (Follow-up) Functions covering the period from 01.04.2021 to 31.03.2022 with regard to Quality assurance & improvement Programme

ICSI Request for extension of time limit for holding AGMs/EGAM via VC or OAVM

April 26, 2022 1245 Views 0 comment Print

Institute of Company Secretaries of India MCA: 2022 | April 26,2022 Shri Rajesh Verma, IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan Dr. Rajendra Prasad Road New Delhi -110001 Subject: Request for extension of time limit for holding AGMs through VC or OAVM and EGMs through VC or OAVM or transacting items […]

Audit of NBFCs: ICAI advises members to fully adhere to RBI circular

April 26, 2022 9237 Views 0 comment Print

RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asset size of the auditee NBFC.

IRDAI set-up new mechanism for Processing of registration applications of new insurers

April 26, 2022 672 Views 0 comment Print

Insurance Regulatory and Development Authority of India Date: 26.04.2022 PRESS RELEASE Processing of registration applications of new insurers With the objective of ensuring Ease of doing business in the insurance sector, for both global and domestic investors, IRDAI has taken a major step in setting out a new mechanism for processing the requests and applications […]

Implementation Guide on Reporting under Rule 11(e) & 11(f) of Companies (Audit and Auditors) Rules, 2014

April 26, 2022 36213 Views 0 comment Print

Implementation Guide on Reporting under Rule 11(e) and Rule 11(f) of the Companies (Audit and Auditors) Rules, 2014 The Ministry of Corporate Affairs vide notification dated March 24, 2021 issued the Companies (Audit and Auditors) Amendment Rules, 2021. Pursuant to this notification, several changes have been made in Rule 11 of the Companies (Audit and […]

User Manual for filing ‘Kerala Flood Cess Annual Return’

April 26, 2022 8907 Views 2 comments Print

File No.CT/10077/2019-GSTINFO1 User Manual for Kerala Flood Cess (KFC) Annual Return 1. Menu Click the ‘Annual Return’ 2. List of pending annual return List of pending annual returns will be available and one can proceed by clicking the button ‘Prepare online’ 3. Annual Return Filing Page On clicking the ‘prepare online‘ button the following page […]

Report on raising GST Rates on 143 items is misleading

April 26, 2022 4971 Views 1 comment Print

It has been noted that a section of the media has reported that feedback has been sought from States regarding a suggestion for raising Good & Services Tax (GST) rates on 143 items.

Guidance Note on disclosure of Related Party Transactions

April 25, 2022 23364 Views 0 comment Print

What does ‘Where a transaction is undertaken between members of the consolidated entity (between the listed entity and its subsidiary or between subsidiaries), it may be reported once’ in point 2 of notes in new SEBI format, mean?

Importer in Kandla Heroin Case arrested by DRI

April 25, 2022 960 Views 0 comment Print

Based on intelligence developed jointly with officers of Gujarat ATS, the Officers of Directorate of Revenue Intelligence (DRI) are currently examining a consignment, imported by an Uttarakhand based firm at Kandla Port. The consignment arrived at Kandla Port from Bander Abbas port, Iran. The consignment, imported in 17 containers (10,318 bags), has gross weight of […]

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