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ICAI extends Last date for payment of Membership & COP fee
In a significant move aimed at easing the burden on its esteemed members, the Council of the Institute of Chartered Accountants of India (ICAI) has taken a proactive step by extending the last date fo...
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Multipurpose Empanelment Form 2023-24 hosted at https://meficai.org
The Professional Development Committee (PDC) is delighted to present the Multipurpose Empanelment Form (MEF) for the year 2023-24, now accessible at www.meficai.org. This form plays a pivotal role for...
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Advisory: Temporary/Short Period Pause in e-Invoice Auto Population into GSTR-1
Temporary Pause in e-Invoice Auto Population in GSTR-1: Important Advisory In a recent development, the Goods and Services Tax Network (GSTN) has issued an advisory regarding a temporary pause in the...
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Difficulty in Receiving OTP for DIR-3 KYC Filing
Filing the DIR-3 KYC (Director’s KYC) is a crucial compliance requirement for directors in India, ensuring transparency and accurate information in the corporate world. However, recent issues have ari...
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CBDT notifies National Farmers Welfare Program Implementation Society: section 10(46)
Central Board of Direct Taxes (CBDT) has issued Notification No. 85/2023-Income Tax, dated September 29, 2023, in accordance with clause (46) of section 10 of the Income-tax Act, 1961. This notificati...
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CBDT notifies ‘Punjab Nurses Registration Council’ under section 10(46)
The Central Board of Direct Taxes (CBDT) has issued Notification No. 84/2023-Income Tax, dated September 29, 2023, in accordance with clause (46) of section 10 of the Income-tax Act, 1961. This notifi...
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CBDT notifies Rule 21AHA & FORM No. 10-IFA for Section 115BAE(5) Option
Central Board of Direct Taxes (CBDT) has recently issued Notification No. 83/2023-Income Tax, dated September 29, 2023. This notification introduces Income Tax Rule 21AHA and Form No. 10-IFA, which ar...
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CBDT amends Income Tax Rule 14 & 14B and Introduces Form No. 6D -Inventory Valuation Report
On September 27, 2023, the Central Board of Direct Taxes (CBDT) issued Notification No. 82/2023, introducing significant amendments to Income Tax Rule 14A and Rule 14B. These amendments pertain to the...
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CBDT issued Procedure for Income Tax Deduction Certificate Applications via TRACES
The Ministry of Finance, under the Central Board of Direct Taxes, has issued a significant notification (No. 02/2023-Income Tax) on September 27, 2023. This notification introduces a revised procedure...
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Amendment of Income Tax Rule 11UA- Valuation of Unquoted Equity Shares
Central Board of Direct Taxes (CBDT) has introduced amendments to Income-tax Rules, 1962 vide Notification No. 81/2023-Income Tax Dated: 25th September, 2023, specifically focusing on the valuation of...
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CBDT notifies Interest on Loan to NBFCs under Section 43B(da) of Income Tax Act
Central Board of Direct Taxes (CBDT) has recently issued a crucial notification concerning the payment of interest on loans to Non-Banking Financial Companies (NBFCs) under Section 43B(da) of the Inco...
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CBDT’s Notification No. 79/2023 on NBFC Classification for Income Tax
The financial landscape in India is subject to constant regulatory changes and notifications from government bodies. One such recent development is Notification No. 79/2023, issued by the Ministry of...
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IBBI (Insolvency Resolution Process) Amendment Regulations 2023: Analysis
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant amendments through the “IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023.”...
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ICSI Council Decisions: Fee Concessions, Amendments, and More
Introduction: The Institute of Company Secretaries of India (ICSI), a statutory body under an Act of Parliament, has recently announced a series of important decisions taken by its Council in various...
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ICAI BoS Live Learning Classes for CA Final & Intermediate May 2024 Exams
The Institute of Chartered Accountants of India (ICAI) is committed to providing quality education and support to its students. In line with this commitment, the Board of Studies (Academic) at ICAI ha...
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Advisory on Issue of B2B e-Invoices for Government Supplies
The National Informatics Centre has issued a crucial clarification regarding the issuance of Business-to-Business (B2B) e-invoices for supplies made to government departments or agencies. This clarifi...
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Income Tax Notification: Uttar Pradesh Expressways Industrial Development Authority
Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, New Delhi, has issued Notification No. 78/2023-Income Tax on 19th September 2023, exercising the powers conferred by clause (...
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FSSAI Advisory: Simplifying Relabeller License Applications
In a recent advisory dated 15th September 2023, the Food Safety and Standards Authority of India (FSSAI) has taken proactive steps to streamline the license application process for the Relabeller kind...
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ED Seizes ₹242.39 Cr in Ahmedabad Forex Trading Scam
In a significant development, the Enforcement Directorate (ED) has conducted search operations in Ahmedabad under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA). These operation...
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CBI Arrests Chartered Accountant for Rs. 50,000 Bribe
Introduction: In a recent development, the Central Bureau of Investigation (CBI) has taken decisive action by apprehending a Chartered Accountant (CA) who stands accused of demanding and accepting a b...