-
SCN Reply - Clarification Regarding GST Treatment of Performance-Based Discounts
[Recipient's Name] [Recipient's Position] [Department Name] [Address] [City, State, Zip Code] Subject: Clarification Regarding GST Treatment of Performance-Based Discounts Dear [Recipient's Name],We a...
-
Credit card latest rules: You can now decide billing cycle of your card
The Reserve Bank of India (RBI) has initiated a transformative era in the realm of financial autonomy for credit card users. With a groundbreaking regulation effective from March 7, 2024, the RBI has...
-
ICAI Penalizes CA for Neglecting Registered Office Visit Before Filing SPICe Form
ICAI penalises CA for not physically visiting registered office of Company before filing its SPICe Form The Institute of Chartered Accountants of India (ICAI) took disciplinary action against CA. Radh...
-
Mock Test Papers Series-II & Counselling Sessions for CA Exam
The Institute of Chartered Accountants of India (ICAI) continues its commitment to student success with the announcement of Mock Test Papers Series II & III for CA Foundation June 2024 Examinations. T...
-
SCN Reply - Draft Reply to Notice Received Under Section 272A(1)(d) of the Income Tax Act.
Draft Reply to Notice Received Under Section 272A(1)(d) of the Income Tax ActTo,The Assessing Authority[Address]Subject: Response to Show Cause Notice u/s 272A(1)(d)Respected Sir/Madam,It is humbly su...
-
SCN Reply - Response to Notice under Section 271B of the Income Tax Act, 1961.
Response to Notice under Section 271B of the Income Tax Act, 1961 Subject: Response to Notice under Section 271B of the Income Tax Act, 1961Dear [Income Tax Officer's Name],I am writing in response to...
-
SCN Reply - Response to Notice under Section 271A of the Income Tax Act, 1961.
Response to Notice under Section 271A of the Income Tax Act, 1961 Subject: Response to Notice under Section 271A of the Income Tax Act, 1961Dear Sir/Madam,This is in response to the notice dated [DD/M...
-
EPFO introduces Auto claim settlement for Education, marriage & housing
The Employee Provident Fund Organization (EPFO) has taken significant strides in enhancing the ease of living for its millions of members by introducing innovative measures to expedite claim settlemen...
-
Real-Time Feedback Monitoring in Annual Information Statement introduced
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has introduced a new feature in the Annual Information Statement (AIS) accessible via the compliance portal on the Income Tax...
-
Discussion paper on Strengthening process of issuance of record of default by Information Utility
The Insolvency and Bankruptcy Code, 2016 (IBC) revolutionized India’s insolvency landscape. However, the process heavily relies on the accuracy and timeliness of information provided by Information Ut...
-
Format of Annual Secretarial Compliance Report
The Annual Secretarial Compliance Report is a crucial document for listed entities, ensuring adherence to regulatory provisions. This article delves into its format, requirements, and detailed analysi...
-
SEBI Consultation Paper: Easing Non-Convertible Securities Business
The Department of Debt and Hybrid Securities presents a consultation paper aimed at streamlining non-convertible securities (NCS) regulations to foster an environment conducive to business. 1. Proposa...
-
Direct Payout to Client Demat: Enhancing Efficiency & Reducing Risk | SEBI Draft
The Securities and Exchange Board of India (SEBI) has recently proposed a draft circular aimed at enhancing operational efficiency and reducing risk in the handling of securities. This draft focuses o...
-
SEBI Consultation paper: Ease of Doing Business for REITs & InvITs
The Securities and Exchange Board of India (SEBI) has released a consultation paper aimed at enhancing the Ease of Doing Business (EoDB) for Real Estate Investment Trusts (REITs) and Infrastructure In...
-
ICMAI Advisory: Unit of Measure & Cost Audit Report Submission
The Institute of Cost Accountants of India (ICMAI), a statutory body established under an Act of Parliament, plays a crucial role in regulating cost accountancy practices. Recently, ICMAI issued an ad...
-
Guidance Note on Inventory Valuation under Income Tax Act 1961
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA I am happy to present the first edition of Guidance Note on Inventory Valuation under the Income Tax Act, 1961 to the members on behalf of the Cost Accountin...
-
जीएसटी अपीलीय न्यायाधिकरण (GSTAT) में अध्यक्ष नियुक्त किया गया
केंद्र सरकार द्वारा सेवानिवृत्त न्यायाधीश संजय कुमार मिश्रा को वस्तु एवं सेवा कर अपीलीय न्यायाधिकरण (जीएसटीएटी) का अध्यक्ष नियुक्त किया गया है। इस कदम का उद्देश्य व्यवसायों से संबंधित विवादों के समाधा...
-
Notification: Income Tax Exemption for Tamil Nadu Electricity Regulatory Commission
The Ministry of Finance, through Notification No. 42/2024, has enacted provisions under section 10(46) of the Income Tax Act, 1961, pertaining to the Tamil Nadu Electricity Regulatory Commission. This...
-
ICAI Introduces Self-Paced Online Modules for CA Final Course: All You Need to Know
The Institute of Chartered Accountants of India (ICAI) has introduced Self-Paced Online Modules (SPOM) to enhance the learning experience of students in alignment with the New Scheme of Education and...
-
Input Tax Credit Insights: Special Eligibility and Procedures in GST
Editorial Note:Navigating Input Tax Credit (ITC) claims under special circumstances requires careful consideration of the provisions outlined in Section 18 of the GST Act. The Act provides specific en...