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PF Transfer Claims for Employees- FAQs
Q.1: How do I know if I require a PF transfer?Ans. If the member has more than one PF member IDs (MIDs) and the PF amount of these MIDs has not been transferred into the latest MID, member is required...
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Employer’s DSC /e-Sign in Lockdown Period on EPFO portal- FAQs
Q.1: Why is it necessary to have DSC/e-Sign?Ans. Many important tasks like KYC attestation, transfer claim attestation etc are done online by the authorized persons of employer using their digital sig...
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IRDAI (health insurance) regulations, 2016- Amended upto 12/05/2020
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA(HEALTH INSURANCE) REGULATIONS, 2016[1][Amended upto 12/05/2020]F. No. IRDAI/Reg/17/129/2016. – In exercise of the powers conferred under Section...
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22 Key Highlights of Meeting of PM Modi with CM of Different States On 11th May, 2020
1. Prime Minister Narendra Modi, pointing out that out that it will take some time to get a vaccine, said: ‘I request you all to share with me by 15th May, a broad strategy on how each one of you woul...
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FM Nirmala Sitaraman’s address to nation on 13.05.2020 + Tax Announcements
PM Modi Ji emphasized on following on 12th May 2020 and had a vision of announcing 20 lac crores stimulus package in variant basis:Emphasis on ATMA NIRBHAR BHARAT conceptLand and Labor, Law and Liquid...
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Physical Inventory Verification- Key Audit Considerations amid COVID-19
Physical Inventory VerificationKey Audit Considerations amid COVID-19Auditing and Assurance Standards Board (AASB)The Institute of Chartered Accountants of IndiaA. BACKGROUNDPhysical verification of i...
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ICAI Clarification on Fees from a single client
Institute of Chartered Accountants of IndiaAnnouncementSub. : Clarification on Fees from a single clientAs the members are aware, the revised Code of Ethics will come into effect w.e.f 1st July, 2020....
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Goa Central GST Commissionerate to administer Taxation remotely
Ministry of FinanceEffective use of technology enables Goa Central GST Commissionerate to administer Taxation remotelyPosted On: 09 MAY 2020 by PIB MumbaiCOVID-19 Pandemic saw business transitioning t...
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Relief measures announced by FM on 13th May 2020
Ministry of FinanceFinance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19Posted On: 13 MAY 2020Rs 3...
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All about Aatmanirbhar Bharat Abhiyaan to support Indian economy
Presentation made by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19Prime Minister’s VisionCal...
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Going Concern- Key Considerations for Auditors Amid COVID-19
GOING CONCERNKey Considerations for Auditors amid COVID-19The Institute of Chartered Accountants of IndiaAUDITING AND ASSURANCE STANDARDS BOARD (AASB)This guidance has been prepared to highlight key a...
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Dispatch of notice by listed companies for rights issue- MCA clarifies
MCA Clarification on dispatch of notice under section 62(2) of Companies Act, 2013 by listed companies for rights issue opening upto 31st July, 2020 vide General Circular No. 21/2020 Dated: 11th May,...
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Suggestions on Measures for revival of Indian economy
Date : 09/05/2020ToThe Commerce and Industrial MinisterMinistry of Commerce and IndustryUdyog Bhawan, New Delhi 110 107 , INDIARespected SirSmall and medium enterprises (SME) sector, rightly known as...
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Measures required for Survival of Small & Medium Practicing CAs
CA Radheshyam Sharma partner at RSRV and Associates has written a letter to ICAI and submitted Suggestions and Measures required for Survival and Growth of Small and Medium Practicing Chartered Accoun...
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Covid-19 situation & difficulties faced by CA fraternity- Appeal cum Suggestions to ICAI
We are reproducing below letter written by CA Unmesh Narvekar to Hon’ble President, ICAI , New Delhi by which he brought to the notice of Hon’ble President Covid-19 situation in India and the difficul...
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100 Crores Corpus Earmarked For Scholarship To CA Students
Institute of Chartered Accountants of India Press ReleaseICAI – 100 CRORES CORPUS EARMARKED FOR SCHOLARSHIP TO CA STUDENTSThe Institute of Chartered Accountants of India (ICAI) is a statutory body set...
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New Procedure for registration, approval U/s.10(23C), 12AA, 35 & 80G deferred
Ministry of FinanceNew procedure for registration, approval, etc. of certain entities deferred to 1st October, 2020Posted On: 09 MAY 2020 10:41AM by PIB DelhiIn view of the unprecedented humanitarian...
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Government to issue pending Income Tax/GST/Customs Refunds
Government of IndiaMinistry of FinanceDepartment of RevenueNew Delhi, the 08th April, 2020PRESS NOTE In the context of the COVID-19 situation and with a view to provide immediate relief to the busines...
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Clarification in respect of residency – section 6 of Income-tax Act, 1961
CBDT issues Circular No. 11 of 2020 and excluded period of forced stay in India from 22nd March, 2020 to 31st March, 2020 in computation of residential status in India for Financial Year 2019-20.Circu...
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CBDT notifies Shri Ram Janmabhoomi Teerth Kshetra U/s. 80G(2)(b)
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 24/2020-Income TaxNew Delhi, the 8th May, 2020INCOME-TAXS.O. 1434(E).—In the exercise of the powers conferred...