-
Budget 2020- Increase Tax Exemption Slabs / Section 80C Deduction/ Cash Transaction Limit
Punjab Accountants Association hs requested Honourable Union Finance Minister, Ms. Nirmala Sitharaman to revise Income-tax Slab for the Financial Year 2020-21, Increase Cash transaction in a day to at...
-
Section 234F Fee for delayed filing of return causing undue hardship
As we all are aware that the Finance Act, 2017 has come up with the new Section 234F. As per that section 234F, if a person who is required to furnish a return of his income u/s 139, fails to furnish...
-
Printing process for Budget 2020 commences with Halwa Ceremony
Ministry of FinanceThe Halwa ceremony, marking the commencement of Budget printing process for Union General Budget 2020-21, was held here in North Block today morning in the presence of the Union Fin...
-
Fix the global tax system to fix the inequality crisis: ICRICT
The inequality crisis remains unaddressed and out of control. Hundreds of millions of people are living in extreme poverty while large rewards go to those at the very top. In 2019, the world’s billion...
-
CBIC clarifies on Fake new of GSTR-1 due date extension
CBCI has clarified on its Twitter handle that FORM GSTR-1 late fee waiver scheme has ended on 17th January 2020 and No further extension has been given. CBIC further clarified that a A fake tweet in t...
-
GST Tax Evasion Racket with unique modus operandi unearthed
The Mumbai Central Commissionerate has unearthed a multi-crore tax evasion racket that has been found to be transporting jewellery goods without paying GST, employing a unique modus operandi.Ministry...
-
Important points to be kept in mind while Filing E-Forms on MCA Portal
1. Select correct category to download e-Form for respective services, Like Form MGT-7 For Annual Return.2. Ensure that latest version of the e-forms has been downloaded from the MCA Website.3. Before...
-
Increase GST Registration limit to Rs. 40 Lakh and Income Tax exemption Limit to Rs. 5 Lakh
Federation of All India Vyapar mandal has presented a Pre Budget Memorandum to Smt. Nirmala Sitharaman,Hon’ble Union Finance and Corporate Affairs Minister and suggested lots of changes in the field o...
-
ICSI (Guidelines for Advertisement by Company Secretaries), 2020
ICSI Guidelines for Attire and Conduct of Company Secretaries, 2020 shall be applicable on all company secretaries appearing before any statutory body, courts, tribunals or quasi judicial bodies on be...
-
ICSI (Guidelines for Advertisement by Company Secretaries), 2020
ICSI Guidance on Scale of Fees for Professional Services, 2020 contains inter alia the scope of various professional services and the guiding principles for fixing the scale of fee would ensure transp...
-
ICSI (Guidelines for Advertisement by Company Secretaries), 2020
shall be applicable to all advertisements by members of the Institute rendering any advisory, consultancy or representation services whether holding Certificate of Practice issued by the Council of th...
-
Himachal Pradesh Govt approves HP Legacy Cases Resolution Scheme
The Government of Himachal Pradesh has approved the Himachal Pradesh (Legacy Cases Resolution) Scheme under the Department of Excise and Taxation in the Cabinet Meeting held on 16.01.2020. The Scheme...
-
TDS and Tax on Salary | Section 192 | FY 2019-20 | AY 2020-21
CBDT has released Circular No. 40/2020 which explains provisions related to TDS on Salary under Section 192 of Income Tax Act, 1961 applicable for A.Y. 2020-21 or F.Y. 2019-20. Circular also explains...
-
RTIs related to J&K UT Administration to come under CIC jurisdiction
Ministry of Personnel, Public Grievances & Pensions“RTIs related to J&K UT Administration to come under CIC jurisdiction,” says MoS Dr. Jitendra SinghNotification to be issued soon, same pattern to be...
-
Pre-Budget: Mounting Fiscal Pressures
Mr. Abheek Barua, Chief Economist, HDFC Bank Ltd.HDFC Banks Treasury has recently come up with a Report on Union Budget 2020-21. In this report take a look on how the fiscal math is likely to unfold t...
-
Exposure Draft of SIA 520, Auditing in an Information Technology Environment
Exposure Draft of Standard on Internal Audit (SIA) 520, Auditing in an Information Technology Environment (Comments to be received by February 05, 2020)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 5...
-
Exposure Draft of SIA 130, Risk Management
Exposure Draft of Standard on Internal Audit (SIA) 130, Risk Management (Comments to be received by February 05, 2020)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 130RISK MANAGEMENT*The Internal Aud...
-
Exposure Draft of SIA 530, Third Party Service Provider
Exposure Draft of Standard on Internal Audit (SIA) 530, Third Party Service Provider (Comments to be received by February 05, 2020)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 530THIRD PARTY SERVICE...
-
ICSI Guidance Note on Prevention of Insider Trading
The act of Insider Trading does not only shake the capital markets, but also impacts the genuine Investors and the country’s economic growth. Various committees constituted by the Government have reco...
-
Guidance Notes on ICSI Auditing Standards (CSAS-1 to CSAS-3)
ICSI Auditing Standards aims to support the Company Secretaries in developing auditing acumen, techniques and tools and inculcate best auditing practices while conducting the audit and promote standar...