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Specimen of Consent letter to be appointed as a Secretarial Auditor
Draft Specimen of Consent letter to be appointed as a Secretarial AuditorDate: …………To,The Board of Directors,Company Name………….Address……………………Sub: Consent letter Dear Sir(s),We/I, ……………………., a firm of...
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FM launches Instant PAN facility through Aadhaar based e-KYC
Ministry of FinancePosted On: 28 MAY 2020 4:42PM by PIB DelhiIn line with the announcement made in the Union Budget, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman formally lau...
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EPFO updates KYC for 52.62 lakh subscribers since 1st April, 2020
Ministry of Labour & EmploymentPosted On: 03 JUN 2020 12:36PM by PIB DelhiTo extend the availability and reach of online services, which have become crucial in the wake of the COVID-19 pandemic, EPFO...
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Draft Guidance Note on Report U/s. 92E of Income Tax Act, 1961
Inviting comments on Exposure Draft of Guidance Note on Report under Section 92E of the Income-Tax Act, 1961 (Transfer Pricing)- 02.06.2020Dear Professional Colleague,As you may be kindly aware, the C...
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ITAT E-filing portal ready for Launch post compliances
Hon’ble President of ITAT announces to all the stakeholders that the E-Filing Portal developed in the Income Tax Appellate Tribunal is ready for launch post compliance of mandatory security audit in a...
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Follow these steps to get your PAN instantly
Getting a PAN has never been this easy! All you need, is your Aadhaar number. Just visit the e-filing portal of IT Department & follow the steps provided to generate your ePAN, within minutes! Click t...
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FAQs on Old v/s New Income Tax Regime
The Union Budget 2020 has simplified taxation for taxpayers by proposing a brand new, “simplified” tax regime. The new tax regime lowers the tax rates for individual taxpayers. However, there’s a cond...
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All About New personal concessional tax regime
New personal concessional tax regime – is it a smart option? New tax regime: Under existing tax structure (herein after referred as ‘Regular tax regime’), the Individual and Hindi Undivided Family h...
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Section 194C TDS – post amendments by Finance Act 2020
Section 194C – TDS on Payment to Contractor post amendments by Finance Act 2020The present article briefly covers the important provisions and recent changes relating to ‘TDS on Payment to Contractors...
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ICAI Advisory on unauthorised use of Trademark ‘ICAI’
The Institute of Chartered Accountants of India29th May 2020ADVISORYThe Institute of Chartered Accountants of India (ICAI) is a statutory body set up under an Act of Parliament namely The Chartered Ac...
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Further extensions of validity of Peer Review Certificate- Reg.
The Institute of Chartered Accountants of IndiaPeer Review BoardThe Institute of Chartered Accountants of India29th May, 2020ANNOUNCEMENTSub: Further extensions regarding the validity of Peer Review C...
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ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21 notified
CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20.MINISTRY OF FIN...
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Covid-19 Lockdown- ICAI’s Initiatives For Members, Students & Firms
The Institute of Chartered Accountants of India(Set up by an Act of Parliament)Dear Professional Colleagues,The Institute of Chartered Accountants of India (ICAI) firmly believes that a profession can...
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CBDT notifies new Form 26AS [Annual Information Statement]
Notification No. 30/2020– CBDT notifies new Form 26AS [Annual Information Statement] pursuant to Finance Act, 2020 and amendment, inserts new Rule 114-I to be effective from June 1st and omits Rule 31...
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Section 9A Remuneration to be paid to an eligible Fund Manager
CBDT has vide notification dated 27th may 2020 amended Guidelines for application of section 9A. Section 9A contains provisions related to Certain activities not to constitute business connection in I...
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Section 10(46) exemption to Uttarakhand Environment Protection & Pollution Control Board
Notification No. 28/2020- Central Government notifies ‘Uttarakhand Environment Protection & Pollution Control Board’, Dehradun (PAN AAALU0160D), a Board constituted by the Government of Uttarakhand, i...
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Section 10(46) exemption to Cochin Special Economic Zone Authority
Notification No. 27/2020- Central Government notifies ‘Cochin Special Economic Zone Authority’, Kochi (PAN AAAGC0659L), a authority constituted by the Government of India, in respect of the specified...
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Section 10(46) exemption to Kerala Cooperative Development and Welfare Fund Board
Notification No. 26/2020- Central Government notifies ‘Kerala Cooperative Development and Welfare Fund Board’, Trivandrum (PAN AACTT3875A), a Board constituted by the Government of Kerala, in respect...
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Establishment of Center for Audit Quality by ICAI
ICAI Press ReleaseESTABLISHMENT OF CENTER FOR AUDIT QUALITY BY ICAIThe profession of accountancy and auditing throughout the world is regulated and licenses are granted by the Regulator/Sovereign to t...
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ICAI Launches Website on Disciplinary Mechanism
ICAI Website on Disciplinary Mechanism – https://disc.icai.orDear Professional Colleagues,Greetings from the Institute of Chartered Accountants of India!At the outset, we at ICAI sincerely hope and wi...