ICSI request MCA for considering granting exemption from delayed filing fee for DIR 3KYC for the directors resident in the UT of Jammu and Kashmir and UT of Ladakh.
In view of the reports gathered through electronic media about closure of school and colleges at various parts of the country, ALL EXAMINATIONS of the ICAI namely Foundation Paper 1, Final Paper 5, IRM Paper1, INTT AT and DISA ET Paper scheduled for Saturday, November 9th 2019 on all India basis and abroad stand postponed to a later date which shall be announced separately.
Income Tax Department conducted searches on a prominent business group in Pune on 06/11/2019 under the Income Tax Act, 1961. The searches were conducted at various places covering the cities of Pune, Mumbai, Nagpur, Delhi, Bengaluru and Noida.
Income Tax Department conducted a search in the case of a businessman in Pune on 04/11/2019 and made a high cash seizure. The search was conducted at the residence of the businessman.
Government of India has noted that the Moody’s Investors Service has today changed the outlook on the Government of India’s ratings to negative from stable while keeping the foreign-currency and local-currency long-term issuer ratings unchanged at Baa2.
Audit is a significant mechanism to protect the interest of revenue. For effective audit, the CBDT issues Instructions and guidelines from time to time, Audit Instructions were also revised by the Instruction No. 6 and Instruction No. 7 of 2017 and the work related to assessment is now being done on ITBA module, and the Audit work has also been shifted to ITBA Audit module.
The need for converging to international financial reporting practices in India is now being realised with the adoption of Indian Accounting Standards by Indian companies that are converged International Financial Reporting Standards. With incorporating the aspects of international financial reporting framework and accounting practices, the financial statements of reporting entities now provide a picture comparable […]
Tax Bar Association Kota has made a Representation on problems faced by dealers under Rajasthan VAT which includes problem related to Verification of Input Tax Credit , Interest on refund and filing of VAT Returns.
One of the finest replies to the objections raised by Accountant General Audit by the Commissioner, SGST Tamilnadu on sanction of refund of ITC accumulated due to inverted tax structure to the job worker suppliers of dyeing services of textile and textile products in Tirupur Division. Disclaimer: Please note that Source of Below letter is […]
FAQs on Special Window for Funding Stalled Affordable and Middle-Income Housing Project as Approved by Union Cabinet on November 6, 2019 The Union Cabinet chaired by Prime Minister Shri Narendra Modi yesterday approved the establishment of a ‘Special Window’ fund to provide priority debt financing for the completion of stalled housing projects that are in […]
