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Income Tax Department conducts search on a prominent business group in Delhi 

October 23, 2019 1005 Views 0 comment Print

Income Tax Department conducted search operation on a group based in Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has presence across several cities in India and also in Dubai.

Extend last date for annual filing under Companies Act, 2013: ICSI

October 22, 2019 51327 Views 2 comments Print

ICSI received many requests from companies/ professionals for extension of last date for filing of annual forms due to the following reasons:

Empanelment as Concurrent Auditors with Vidharbha Konkan Gramin Bank

October 22, 2019 3642 Views 0 comment Print

Vidharbha Konkan Gramin Bank invites applications from practising Chartered Accountants who fulfil the eligibility criteria as mentioned hereunder and are willing to have their Firms empanelled as Concurrent Auditors in the Bank for conducting Concurrent Audit at different intervals of 326 branches spread over 17 Districts of Maharashtra. District-wise list of branches is given in Annexure-II.

CBI Files Chargesheet Against Then FM and Officials of MOF

October 20, 2019 1755 Views 0 comment Print

CBI FILES CHARGESHEET AGAINST 14 ACCUSED PERSONS/COMPANIES INCLUDING PRIVATE COMPANIES & THEIR THEN DIRECTORS; THEN FINANCE MINISTER (FM) AND CERTAIN THEN OFFICIALS OF MINISTRY OF FINANCE (MOF)

GST Exemption on outward transportation of goods (freight charges) by air & sea

October 20, 2019 25371 Views 3 comments Print

GST Exemption granted on outward transportation of all goods (freight charges) by air and sea by another one year i.e. up to 30th September 2020 GST Council in its 37th  GST Council  meeting held at  goa  on 20.09.2019 has decided to Extend the GST exemption granted on outward transportation of all goods (Freight Charges for Export) by […]

Restriction on Input Tax Credit under GST- 5 Issues which needs clarification

October 19, 2019 27624 Views 6 comments Print

Representation with respect to newly inserted sub-rule (4) of Rule 36 of the Central Goods and Services Tax Rules 2017- and 5 issues on which CBIC needs to issue Immediate clarification – Impact on small suppliers filing GSTR 1 on quarterly basis, Input tax Credit differences arising out of month end movement of goods or services, Input Tax Credit reclaimed as reversed under Section 16(2), Absence of mechanism of verification of ineligible credits and  Absence of matching tool shall put constrains on taxpayer resources.

Income Tax Department conducts Search on wellness group

October 18, 2019 1455 Views 2 comments Print

On 16.10.2019, the Income Tax Department conducted search action under the Income-tax Act, 1961 in the case of a conglomerate of trusts and companies that run year-round wellness courses and training programmes in philosophy, spirituality, etc at various sprawling residential campuses in Varadaiahpalem in AP, and also in Chennai and Bangalore.

Extend last date of filing of IEPF-1A under IEPF Rules, 2016: ICSI

October 18, 2019 14556 Views 0 comment Print

Extension of last date for filing of Form No. IEPF – 1A under the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

Empanelment of CA Firms with PNB for Concurrent Audit

October 18, 2019 153882 Views 8 comments Print

Punjab National Bank invites applications ON-LINE only from practicing ‘Partnership firms of Chartered Accountants for empanelment as Concurrent Auditors in the Bank for conducting concurrent audit of branches.

Andersen Global announces it’s Indian Member firm: Nangia Andersen LLP

October 18, 2019 4146 Views 0 comment Print

Andersen Global and Nangia Andersen LLP match in terms of values and commitment to transparency, high ethical standards, technical accuracy and quality service to clients. We found immediate synergy with the professionals at Andersen Globa

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