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SC to Review if Supplying Crane for Services Constitutes Transfer of ‘Right to Use’
Supreme Court to examine whether supplying crane for loading, unloading, lifting and shifting services is transfer of “right to use” The Revenue Department challenged the decision of Rajasthan High Co...
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SCN Reply - Request for Waiver of Late Fees on CMP-08 Filing for F.Y. 2019-2020
Subject: Request for Waiver of Late Fees on CMP-08 Filing for F.Y. 2019-2020Dear Sir/Madam,I am writing to address the notices I have received regarding the imposition of late fees in Form ASMT-10 for...
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SCN Reply - Request for Reconsideration of Penalty Under Section 125
Subject: Request for Reconsideration of Penalty Under Section 125 for Non-Filing of Annual Return for F.Y. 2020-21Dear Sir/Madam,I am writing in response to the notice issued by your esteemed office r...
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Key Decisions by ICSI in May 2024 Council Meeting
The Institute of Company Secretaries of India (ICSI), a statutory body under the jurisdiction of the Ministry of Corporate Affairs, held its 309th Council meeting on the 5th and 6th of May, 2024. This...
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ICAI Launches Self-Paced Module Test Portal: Register Now!
The Institute of Chartered Accountants of India (ICAI) continues to revolutionize its examination system with the introduction of the Self-Paced Module Test (SPMT) Portal. This initiative, set up by a...
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Time Table of CA Final/IPC/Foundation/Intermediate September 2024 Exams
ICAI declares Schedule of examination to be held in September 2024 Exams for next Chartered Accountants Foundation Course, Intermediate and Final Examinations, Examinations in Post Qualification Cours...
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CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination
The Institute of Cost Accountants of India has issued a revised version of the Cost Accounting Standard – 2 (CAS-2) on Capacity Determination, effective from April 1, 2024. This update supersedes the...
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12 Unicorns, over 125 startups commit to onboarding ONDC
Introduction: The Department for Promotion of Industry and Internal Trade (DPIIT) recently organized the ‘ONDC Startup Mahotsav’, a groundbreaking event aimed at fostering collaboration between startu...
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Frequently Asked Questions on KYC Norms for Securities Market
The Securities and Exchange Board of India (SEBI) has provided a comprehensive guide to Know Your Client (KYC) norms through a set of frequently asked questions (FAQs). These FAQs aim to assist market...
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Alert against incidents of ‘Blackmail’ and ‘Digital Arrest’ by Cyber Criminals
In recent times, there has been a surge in fraudulent activities perpetrated by cyber criminals who masquerade as representatives of various law enforcement agencies such as the State/UT Police, Narco...
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ICAI BoS Publications: September 2024 Foundation & Intermediate Course Exam
The Institute of Chartered Accountants of India has released the applicable publications for the September 2024 exams for both Foundation and Intermediate courses. For Foundation, papers cover Account...
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MCA Invites Comments on Review of 5 Rules under CA, CWA and CS Acts
Introduction: The Ministry of Corporate Affairs (MCA) has initiated a comprehensive review of rules prescribed under the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959, and...
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SCN Reply - Request for Reconsideration of Penalty Under Section 125 for Non-Filing of Annual Return
Subject: Request for Reconsideration of Penalty Under Section 125 for Non-Filing of Annual Return for F.Y. 2020-21Dear Sir/Madam,I am writing to address the notice issued by your esteemed office regar...
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SCN Reply - Clarification on Late Fees Applicability for CMP-08 Statement under GST Laws
Dear Sir/Madam,I am writing to address the notices I have received regarding the late fees imposed in Form ASMT-10 for the delayed filing of CMP-08 for the financial year 2019-2020. I sincerely apolog...
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SCN Reply - Clarification Regarding GST Treatment of Performance-Based Discounts
[Recipient's Name] [Recipient's Position] [Department Name] [Address] [City, State, Zip Code] Subject: Clarification Regarding GST Treatment of Performance-Based Discounts Dear [Recipient's Name],We a...
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Credit card latest rules: You can now decide billing cycle of your card
The Reserve Bank of India (RBI) has initiated a transformative era in the realm of financial autonomy for credit card users. With a groundbreaking regulation effective from March 7, 2024, the RBI has...
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ICAI Penalizes CA for Neglecting Registered Office Visit Before Filing SPICe Form
ICAI penalises CA for not physically visiting registered office of Company before filing its SPICe Form The Institute of Chartered Accountants of India (ICAI) took disciplinary action against CA. Radh...
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Mock Test Papers Series-II & Counselling Sessions for CA Exam
The Institute of Chartered Accountants of India (ICAI) continues its commitment to student success with the announcement of Mock Test Papers Series II & III for CA Foundation June 2024 Examinations. T...
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SCN Reply - Draft Reply to Notice Received Under Section 272A(1)(d) of the Income Tax Act.
Draft Reply to Notice Received Under Section 272A(1)(d) of the Income Tax ActTo,The Assessing Authority[Address]Subject: Response to Show Cause Notice u/s 272A(1)(d)Respected Sir/Madam,It is humbly su...
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SCN Reply - Response to Notice under Section 271B of the Income Tax Act, 1961.
Response to Notice under Section 271B of the Income Tax Act, 1961 Subject: Response to Notice under Section 271B of the Income Tax Act, 1961Dear [Income Tax Officer's Name],I am writing in response to...