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Fight unfair business practices of E-commerce companies jointly: CAIT

September 29, 2021 765 Views 0 comment Print

In a communication sent to noted Industrialists & Organisations working in different verticals of trade & Industry, Confederation of All India Traders has called for a formation of bigger joint forum to fight unfair business practices, violation of law, Act and Rules by E-commerce companies. Confederation of All India Traders Ref. No. 3286/1/50 29th September, 2021 […]

IFSCA: Constitution of an Expert Committee on Sustainable Finance

September 29, 2021 729 Views 0 comment Print

International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services, and financial institutions in the International Financial Services Centres (IFSCs) in India.

Credit Anti-profiteering penalties in the Consumer Welfare Fund

September 29, 2021 1890 Views 0 comment Print

Leading consumer and public policy research and advocacy group, CUTS International has requested the Finance Minister, Ms Nirmala Sitharaman that penalties under the Central GST Act, 2018 for profiteering should be deposited in the Consumer Welfare Fund.

More than 22000 compliances reduced in Government.

September 28, 2021 948 Views 0 comment Print

Secretary DPIIT said that more than 22,000 compliances have been reduced by Union Ministries, States & UTs so far under the initiative and about 13,000 compliances simplified while more than 1,200 processes have been digitized. It may be noted that during last fee years 103 offences have been decriminalized and 327 redundant provisions/laws removed.

ICSI Request for extension of time limit for filing of DIR-3 KYC

September 28, 2021 10497 Views 2 comments Print

The OTP generated is not getting transmitted to the registered mobile numbers of non-resident directors and foreign directors. Sometimes the OTP generated is not transmitted to e-mail IDs. Without the filling of OTPs, the e-form DIR-3 KYC cannot be filed.

Problems in Faceless Assessments & Appeals and VSV related issues

September 28, 2021 10173 Views 0 comment Print

Representation regarding problems in Faceless Assessments & Faceless Appeals and Issues relating to VSV Matters to Chairman, Central Board of Direct Taxes. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Email : dtpakolkata@gmail.com Ref. No. – DTPA/Rep/21-22/002 28th September, 2021 To, The Chairman, Central Board of Direct Taxes, […]

NFRA issues FRQR Report on Annual Report of KIOCL Limited, FY 2019-20

September 28, 2021 1995 Views 0 comment Print

KIOCL’s accounting policy for Foreign Exchange (Fx) Forward Contracts is erroneous and it is in non-compliance with the classification and measurement requirements of Ind AS 109, Financial Instruments (Ind AS 109).

New online system of MSME/Udyam Registration crosses 50 lakh mark

September 28, 2021 1041 Views 0 comment Print

New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and Technology as more than 50 lakh MSMEs have successfully registered themselves by now. These include over 47 lakh Micro organisations and 2.7 lakh Small Units.

ICMAI Exemption Training Requirement for Dec 2021 exam

September 28, 2021 684 Views 0 comment Print

In view of merging of June, 2021 & December, 2021 Intermediate & Final Examinations of the Institute, all types of training to be completed before appearing CMA Intermediate/ Final Examinations as applicable are hereby exempted only for December- 2021 term of Examinations due to pandemic situation arising out of spread of COVID-19.

ICMAI aligns time limit of generating UDIN to 60 days

September 28, 2021 8160 Views 0 comment Print

ICMAI has decided to align the time limit for generating Unique Document Identification Number (UDIN) in accordance with the CAS-102 on Cost Audit Documentation and the Guidance Manual for Audit Quality by the Quality Review Board of the Institute and amended the time limit of generating UDIN to 60 days by substituting the existing time limit of 15 days from the date of this notification.

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