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Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 & IFRS 16
Exposure Draft on Interest Rate Benchmark Reform-Phase 2 (Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) – (21-04-2020)The Institute of Chartered Accountants of IndiaIn 2018, Inter...
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ICAI advisory for initiating Statutory Bank Branch audit remotely
Advisory issued by ICAI to approximately 35,000 firms eligible for Bank Branch Audit for initiating the process of Statutory Bank Branch audit remotely to ensure timely and effective Bank Branch Audit...
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Necessity of Statutory Branch Audit in Public Sector Banks
It has come to the notice of Professional Development (PD) Committee of Institute of Chartered Accountants of India (ICAI) that one of the public sector banks (PSBs) has requested that Indian Banks’ A...
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Coronavirus Lockdown Rules for Workplaces
Beginning April 20, India’s workplaces and work environments should follow these standardsTo battle against the savage COVID-19, the second period of across the nation lockdown started in India today....
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Extension For Names Reserved & Resubmission of Forms by MCA
MCA Extends timeline for Name Reservation / Re-submission for Companies & LLP’sIn view of the situation arising due to COVID-19 pandemic and extended lockdown period, Ministry of Corporate Affairs has...
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Companies allowed to hold AGM till 30.09.2020 whose FY ending on 31.12.2019
Companies whose financial year (other than first financial year) has ended on 31st December, 2019, can hold their AGM for such financial year within a period of nine months from the closure of the fin...
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CCI advises businesses not to take undue advantage of COVID-19
Competition Commission of India19.04.2020Advisory to Businesses in Time of COVID-19 COVID – 19 has caused disruptions in supply chains, including those of critical healthcare products and other essent...
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CSR Funds can be used to fight Coronavirus
The world is at a crisis situation. We are going through a pandemic with far reaching effects not seen by anyone living today. There are thousands of people dying all over the world and the numbers ma...
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Extension of Quarterly TDS/TCS statement filing dates
NSDL e- Governance Infrastructure LimitedTIN Operations CircularCircular No. NSDL/TIN/2020/006April 20, 2020Subject: Extension of Quarterly TDS/TCS statement filing datesAttention of all TIN Faciliati...
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Relaxation in SVLDRS Module- Due to emerging pandemic COVID-19
As we all are aware that, SVLDRS was introduced with the twin objectives- First, finalize the legacy disputes in Central Excise and Service Tax that are pending at various forum and second, encouragin...
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E-mails for facilitating faster refund cannot be misconstrued as harassment: CBDT
Ministry of FinancePosted On: 21 APR 2020The Central Board of Direct Taxes (CBDT) responding to some observations being circulated on social media alleging that the Income Tax Department is pursuing r...
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CBDT revising Income Tax return forms due to Covid-19
Ministry of FinanceCBDT revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19Posted On: 19 APR 2020In order to enable income taxpayers to avail full benefits o...
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Initiative to Boost MSME Sector by Ministry of MSME
Early Clearance Of Msme’s’ Bills.Overview:Ministry of Micro, Small and Medium Enterprises (MSME) vide press release dated 16.03.2020 and Release ID: 1606525 addressed issues related to delayed payment...
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Corrigenda to Finance Act, 2020
MINISTRY OF LAW AND JUSTICE(Legislative Department)New Delhi, the 15th April, 2020CORRIGENDATHE FINANCE ACT, 2020NO. 12 OF 2020In the Finance Act, 2020 (12 of 2020) as published in the Gazatte of Indi...
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Life in the era of COVID-19- PM Share his thoughts
The Prime Minister, Shri Narendra Modi has shared few thoughts on Linkedin, which would interest youngsters and professionals.Following is the text of Prime Minister, Shri Narendra Modi’s thoughts whi...
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Food Hygiene and Safety guidelines for Food Businesses during Coronavirus Disease (COVID-19) Pandemic
FOOD SAFETY AND STANDARDS AUTHORITY OF INDIAFood Hygiene and Safety guidelines for Food Businesses during Coronavirus Disease (COVID-19) PandemicIntroductionCoronavirus disease 2019 (COVID-19) is an u...
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Lockdown 2.0 What allowed and what not allowed after April 20
Lockdown 2.0 – #IndiaFightsCorona♦ Industrial Establishments Allowed after April 20 Industries in rural areas, SEZs & Export Oriented Units, industrial estates, industrial townshipsManufacturing units...
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MHA exempt certain activities from Lockdown Restrictions to fight COVID-19
MHA issues order to exempt certain activities regarding Minor Forest Produce, Plantations, NBFCs, Cooperative Credit Societies and Construction in Rural Areas from Lockdown Restrictions to fight COVID...
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Advisory for senior citizens & their caregivers – COVID-19
Advisory for senior citizens and their caregivers during lockdown period due to COVID-19The Ministry of Social Justice and Empowerment along with the Ministry of Health and Family Welfare and the Depa...
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Classify Services rendered by practising CAs as Essential Services: WIRC writes Maharashtra CM
The Institute of Chartered Accountants of India(Set up by an Act of Parliament)Western India Regional CouncilDate: 17th April, 2020To,Shri Uddhav Thackeray,Hon’ble Chief Minister,Chief Minister’s Offi...