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CBDT Special Campaign 3.0: Advancing Swachhata & Resolving Pending Matters
The Central Board of Direct Taxes (CBDT), as a part of the Ministry of Finance, Government of India, is set to embark on Special Campaign 3.0 for Swachhata (cleanliness) and the resolution of pending...
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Request for Deferment or Extension of Due Date for Filing Forms 10B, 10BB & ITR-7
Introduction: The Chamber of Tax Consultants, a venerable non-profit organization, has approached the Hon’ble Finance Minister of India and the Chairman of the Central Board of Direct Taxes with a cru...
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CCI invites comments on draft Settlement Regulations & draft Commitment Regulations
In the ever-evolving landscape of competition law, the Competition Commission of India (CCI) plays a pivotal role in ensuring fair practices, safeguarding consumer interests, and promoting healthy mar...
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New GST Invoice Reporting Time Limit: Important Update for Taxpayers
Introduction: In a move to streamline and regulate the reporting of invoices on e-invoice portals, the GST Authority has introduced a significant change that directly impacts taxpayers, especially tho...
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BCAS asks for deferment of form 10B and 10BB
Introduction: The Bombay Chartered Accountants Society, representing the interests of charitable trusts in India, has urgently sought a one-year deferment for the applicability of Form 10B/10BB, the A...
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GSTN warns against unauthorized scraping of GST Common Portal
The Goods and Services Tax Network (GSTN) recently issued an advisory to GST Suvidha Providers (GSPs), warning them against malpractices like scraping the GST Common Portal. GST Suvidha Providers are...
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Allow company Secretaries to do Internal Audit of Companies under Section 138: ICSI
The Institute of Company Secretaries of India (ICSI) has submitted a proposal to the Ministry of Corporate Affairs to amend Section 138 of the Companies Act, 2013. The amendment seeks to include Compa...
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ICSI submits List of Pending issues of stakeholders on MCA-21 V3 Portal
The Institute of Company Secretaries of India (ICSI) recently sent an official letter to the Ministry of Corporate Affairs (MCA), expressing several unresolved issues concerning the MCA-21 V3 Portal....
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ICSI urges to allow CS in practice to be independent director of a company
The Institute of Company Secretaries of India (ICSI) has formally submitted a request for changes to the Companies Act, 2013, targeting Sections 204 and 149. The proposed amendments seek to allow Comp...
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ICSI Request MCA to allow Company Secretaries to file particulars of changes
The Institute of Company Secretaries of India (ICSI) has formally requested the Ministry of Corporate Affairs (MCA) to amend the Companies Act, 2013, specifically Form DIR-6. The proposed change aims...
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ICSI Proposes New Mechanism for Charge Creation Post 120 Days
The Institute of Company Secretaries of India (ICSI) has submitted a recommendation to the Ministry of Corporate Affairs (MCA) for amending Section 77 of the Companies Act, 2013. The amendment pertain...
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Mandate DIR-11 for KMP Changes: ICSI’s Suggestion to MCA
The Institute of Company Secretaries of India (ICSI) has issued a formal suggestion to the Ministry of Corporate Affairs (MCA) to make revisions to the Companies (Appointment and Qualification of Dire...
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ICSI Proposes Compliance Certificates by CS for Small Companies
The Institute of Company Secretaries of India (ICSI), a statutory body under the jurisdiction of the Ministry of Corporate Affairs, has recently made a significant recommendation to the Government of...
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ICSI’s Suggestions for Simplifying e-Forms under Companies Act, 2013
The Institute of Company Secretaries of India (ICSI) recently submitted its suggestions to the Ministry of Corporate Affairs (MCA) regarding the simplification of e-forms filed under the Companies Act...
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Empower shareholders to appoint & remove Secretarial Auditors: ICSI suggests
The Institute of Company Secretaries of India (ICSI) recently sent a letter to the Ministry of Corporate Affairs, outlining concerns and recommendations about the appointment and removal of Secretaria...
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Clarify on admission of Indian Trusts as partners in LLPs: KSCAA
The Karnataka State Chartered Accountants Association (R), hereafter referred to as ‘KSCAA,’ represents the interests of Chartered Accountants in India. In a letter dated 5th September 2023, addressed...
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CBI Arrests DGFT Officers & MD in Bribery Case; 8 Get 4-Year Terms for Govt Revenue Loss
The Central Bureau of Investigation (CBI) has recently apprehended key officials from the Directorate General of Foreign Trade (DGFT) and a Managing Director (MD) of a private company in a significant...
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ICSI’s Advisory for SEBI & Stock Exchanges Compliance for Company Secretaries
Introduction: The Institute of Company Secretaries of India (ICSI) has recently issued an advisory that provides important guidelines for Company Secretaries in Practice. This advisory focuses on ensu...
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Over 88% of ITRs Processed for AY 2023-24 with 2.45 Crore Refunds Issued
The Ministry of Finance has released new data, indicating significant progress in the filing and processing of Income Tax Returns (ITRs) for the Assessment Year (AY) 2023-24. As of September 5th, 2023...
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Guidance Note on Tax Audit under Section 44AB
ICAI Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 (Revised 2023) subject to amendments made by law, judiciary or administration, for the subsequent assessment years) Intro...