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ICAI advises auditor to seek direct confirmation from banks
Auditing and Assurance Standards Board & Professional Development Committee The Institute of Chartered Accountants of India 7th September, 2022 External Confirmations through Third Party Vendors Exter...
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Capital Gain Exemption – Section 54EC bond discontinued by NHAI
National Highways Authority of India (Ministry of Road Transport and Highway) NHAI/54 EC Bonds/2022-23/Collecting Banks The followings collecting Banks of NHAI 54EC Bonds:- Dated: 03.09.2022 Mr. Sung...
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Section 10(46) CBDT notifies Haryana Electricity Regulatory Commission
CBDT notifies Haryana Electricity Regulatory Commission under Section 10(46) of income Tax Act, 1961 vide Notification No. 108/2022 – Income Tax | Dated: 5th September, 2022 MINISTRY OF FINANCE (Depar...
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CBDT notifies CERSAI under Section 10(46)
CBDT notifies ‘Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI )’ under Section 10(46) of income Tax Act, 1961 vide Notification No. 107/2022 – Income Ta...
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CBDT notifies Control of income-tax authorities under Section 118
of the Income-tax Act, 1961 vide Notification No. 106/2022- Income Tax | Dated: 2nd September, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification...
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Piyush Goyal asks CAs all over the world to be ambassadors of Brand India
Shri Goyal asks Chartered Accountants all over the world to be ambassadors of Brand India Asks Chartered Accountancy firms in India to develop global partnerships and become international firms Asks C...
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Mauritius now Largely Compliant with all 40 FATF Recommendations
REPUBLIC OF MAURITIUS PRESS COMMUNIQUE Technical Compliance Re-Rating of FATF Recommendation 15 The Minister of Financial Services and Good Governance participated in the 22nd Eastern and Southern Afr...
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Chinese Loan App Case – ED searches 6 premises in Bengaluru
Directorate of Enforcement ED has been carrying out search operations under the provisions of the PMLA, 2002 on 02.09.2022 at 06 premises in Bengaluru, in respect to an investigation relating to the C...
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CBDT relaxes quoting of PAN-Aadhaar No. in certain transactions
vide Notification No. 105/2022 -Income Tax | Dated: 1st September, 2022. MINISTRY OF FINANCE (Department of Revenue) (Central Board of Taxes) New Delhi Notification No. 105/2022 -Income Tax | Dated: 1...
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63 SCN issued to manufacturers/importers of weighing & measuring instruments
Centre issues 63 show cause notices to the manufactures/importers of weighing and measuring instruments to seek details of compliance Centre, through Department of Legal Metrology has issued 63 show c...
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Siphoning off foreign exchange – ED attaches properties of G V Films
ED has seized immovable property at Thanjavur valued at Rs. 8.94 Crore belonging to M/s G V Films Limited, Chennai under FEMA, 1999 in connection with siphoning off foreign exchange in the guise of is...
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ICAI requests its members to pay Annual Membership & COP Fees
Members & Students Services Directorate The Institute of Chartered Accountants of India 29th August, 2022 ANNUAL FEE CIRCULAR 2022-23 ICAI requests its Members to remit Annual Membership/Certificate o...
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ICAI President’s Message – September 2022
Dear Professional Colleagues, As we celebrate 75 years of Independence, it is a matter of pride that globally India has grown to become the 6th largest economy as per data released by World Bank. In f...
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Monthly GST revenues exceeds ₹ 1.4 lakh crore for sixth months in a row
₹ 1,43,612 crore gross GST revenue collected in the month of August 2022 Revenues for the month of August 2022 28% higher than the GST revenues in the same month in 2021 Monthly GST revenues more than...
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Appointment of 365 Officers in the grade of ACIT on regular basis
Office Order No.188 of 2022 [Appointment of Officers in the grade of ACIT on regular basis] F.No. A-32013/3/2019-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of D...
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Income Tax Department searches two prominent real estate groups of Kolkata
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st August, 2022 PRESS RELEASE Income Tax Department conducts searches in West Bengal The Income...
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I-T dept searches Transmission Tower manufacturing group in West Bengal
Income Tax Department conducts searches on a prominent Transmission Tower manufacturing group in West Bengal The Income Tax Department carried out a search and seizure operation on 24.08.2022 on a pro...
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Proposed SCOMET Policy for export of drones/UAVs
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Dated: 30th August, 2022 Subject:- Circulation of proposed ame...
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ICAI Announces the formation of SRO for Social Stock Exchange
Public Relations Committee The Institute of Chartered Accountants of India 29th August, 2022 ICAI Announces the formation of SRO for Social Stock Exchange Securities and Exchange Board of India (SEBI)...
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Centre amends Legal Metrology (Packaged Commodities) Rules 2011
Centre amends the Legal Metrology (Packaged Commodities) Rules 2011 for ease of doing business and reducing the compliance burden for the garment or hosiery sold in loose or open The amendment exempts...