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CBDT notifies Food Safety and Standards Authority of India – Section 10(46)
CBDT notifies Food Safety and Standards Authority of India under Section 10(46) of Income Tax Act, 1961 vide Notification No. 26/2023-Income Tax Dated: 10th May, 2023 MINISTRY OF FINANCE (Department o...
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CBDT notifies Pune Metropolitan Region Development Authority – Section 10(46)
CBDT notifies Pune Metropolitan Region Development Authority under Section 10(46) of Income Tax Act, 1961 vide Notification No. 25/2023-Income Tax Dated: 10th May, 2023. MINISTRY OF FINANCE (Departmen...
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ICAI defer second phase of Peer Review Mandate to July 1, 2023
Peer Review Board The Institute of Chartered Accountants of India 10th May, 2023 ANNOUNCEMENT Deferment of second phase of Peer Review Mandate The Council at its 407th Meeting held from 7th – 9th Janu...
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Exposure Draft on Amendments to Classification & Measurement of Financial Instruments
Accounting Standards Board The Institute of Chartered Accountants of India 10th May, 2023 Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments (Proposed amendmen...
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Features & achievements of PMJJBY, PMSBY and Atal Pension Yojana
Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY) and Atal Pension Yojana (APY) complete 8 years of providing social security cover Union Finance Minister S...
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Format of Annual Secretarial Compliance Report
(On the letter head of the Practicing Company Secretary) Secretarial Compliance Report of [●] [Name of the listed entity] for the financial year ended_________ We have conducted the review of the comp...
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ICAI President’s Message – May 2023
Dear Professional Colleagues, As, I reflect over the recent developments and emerging trends shaping the future of the profession, I understand that one of our profession’s main premise is about build...
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CBIC clarified on Electronic Cash Ledger raised by EXIM Trade/Customs Brokers
The CBIC based upon various queries related to Electronic Cash Ledger, raised by the EXIM Trade / Customs Brokers, certain issues have been clarified. Query : If custom duty amount is not integrated i...
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Explanatory Statements for preferential allotment
ANNEXED TO THE NOTICE OF GENERAL MEETING Explanatory Statements for preferential allotment pursuant to section 102 of the Companies Act, 2013. The Board of Directors on ……………………subject to necessary ap...
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Format of Declaration of no PE in India and Form No. 10F
Appendix-I Declaration of no PE in India Declaration required u/s 9 of Income Tax Act, and for claiming relief under an agreement referred to in section 90 and 90A i.e. (for claiming the benefit of DT...
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DTAA between India and Chile notified by CBDT
Notification No. 24/2023- Income-Tax Dated: 03rd May, 2023 under section 90(1) of Income tax Act, 1961 regarding Agreement and Protocol between the Government of the Republic of India and the Governme...
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IBBI invites comments from public on Regulations notified under IBC, 2016
Insolvency and Bankruptcy Board of India Press Release No. IBBI/PR/2023/05 Dated: 04th May, 2023 The Insolvency and Bankruptcy Board of India invites comments from the public on the Regulations notifi...
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Vivad se Vishwas scheme for relief to MSMEs – Last date to Submit claims till 30.06.2023
Vivad se Vishwas scheme for relief to MSMEs for COVID-19 period was commenced from 17.04.2023 and the last date for submission of claims is 30.06.2023. Government launches Vivad se Vishwas scheme for...
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GST Collection In April, 2023 At Record High
April, 2023 has registered a revenue collection (GST) at Rs. 187 lakh crore, which is the highest ever since introduction of GST in July, 2017. GST revenue for April, 2023 are 12 percent higher than A...
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GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore
Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022 GST revenues for April 2023 are 12% higher than the GST...
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Data analytics, big data & Artificial Intelligence/Machine Learning in tax administration
Both direct and indirect tax departments employ data analytics, big data and Artificial Intelligence/Machine Learning in tax administration to make it more effective, free of official discretion, busi...
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CBIC to introduce automated GST return scrutiny by next week
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs (CBIC) Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaire...
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Updated List of Banks For Income Tax Payments on e-Filing Portal
Updated List of banks for tax payments available at e-Pay Tax service at e-Filing Portal- HDFC Bank, Punjab & Sind Bank and State Bank of India have been migrated from OLTAS e-Payment of Taxes at NSDL...
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NFRA examines proposals on new standard for accounting of insurance contracts viz. Ind AS 117
The National Financial Reporting Authority (NFRA) held a meeting to examine the proposals received from the Institute of Chartered Accountants of India (ICAI), as required u/s 133 of the Companies Act...
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CAAT request time for implementation of Quality Control Orders for footwear traders
Applicability of Standards on footwear traders may be extended to 8-10 months from 1.7.2023. In first phase it may be implement on manufacturers & later stage on retailers for smooth transition. Confe...