-
Appeal to Stop Unlawful GST Notices on false & unscrutinized grounds
Introduction: The Punjab Accountants Association, representing accounting professionals across the state, addresses a critical concern in a memorandum to the Honourable Finance Minister, Punjab. The a...
-
Format for Board resolution to opening a new branch office
ON THE LETTERHEAD OF THE COMPANY EXTRACT OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF M/s _______________ LIMITED HELD ON ______(Date) AT: ______(Time) AT THE REGISTERED OFFICE...
-
IFSCA Establishes Expert Committee for Transition Finance Framework
Introduction: The International Financial Services Centres Authority (IFSCA) has taken a monumental step in aligning with the global push for Sustainable Finance. The establishment of an Expert Commit...
-
NFRA Inspection 2022: Analysis of Price Waterhouse LLP Audit Compliance
The National Financial Reporting Authority (NFRA) conducted a meticulous audit quality inspection of Price Waterhouse Chartered Accountants LLP in December 2022, in line with Section 132 of the Compan...
-
SRBC & Co. LLP Audit Inspection Report 2022: NFRA Findings Revealed
The National Financial Reporting Authority (NFRA), mandated by Section 132 of the Companies Act 2013, plays a pivotal role in monitoring compliance with Auditing Standards and ensuring the quality of...
-
Deloitte Haskins & Sells LLP Audit Quality Inspection 2022 Report
Deloitte Haskins & Sells LLP, a prominent audit firm registered under Firm Registration No. 117366W / W-100018, underwent an audit quality inspection initiated by the National Financial Reporting Auth...
-
NFRA Inspection Report 2022: Key Observations on B S R & Co. LLP’s Audit Quality
National Financial Reporting Authority (NFRA) conducted a rigorous audit quality inspection of M/s B S R & Co. LLP, a prominent Chartered Accountant firm, mandated under Section 132 of the Companies A...
-
8 recent Changes related to Companies Act, 2013 and LLP Act
Introduction: The year 2024 brings significant amendments to corporate regulations in India, impacting various aspects of business operations. The Ministry of Corporate Affairs (MCA) has introduced ch...
-
IBBI – Valuation Examination- FAQs
The Insolvency and Bankruptcy Board of India (IBBI) conducts Valuation Examinations as mandated by the Companies (Registered Valuers and Valuation) Rules, 2017. This post delves into frequently asked...
-
Taxpayer’s Charter- Obligations & Expectation of Income Tax Dept.
The Income Tax Department’s commitment to taxpayers is encapsulated in the Taxpayers’ Charter 2020. This declaration outlines the department’s vision, mission, and standards of service delivery. In th...
-
Request to Extend due date of GSTR 9, 9A & 9C for financial year 2022-23
Introduction: The U.P. Tax Bar Association, Varanasi, has submitted a formal request to the Hon’ble Finance Minister of the Government of India seeking an extension of the deadline for filing GST Annu...
-
Say no to Cash Transactions- Income Tax Dept. Advises
A. Introduction: Individuals prefer to receive, pay and transfer cash when the amounts of transactional value (money) involved are marginal to small. Primarily, this happens because: B. Societal: The...
-
CBDT notifies ITR 1 and ITR 4 for AY 2024-25 / FY 2023-24
CBDT notifies ITR 1 and ITR 4 for Assessment Year (AY) 2024-25 / Financial Year (FY) 2023-24 vide Notification No. 105/2023-Income Tax Dated: 22nd December, 2023. Ministry of Finance (Department of Re...
-
Updated List of Banks For Income Tax Payments on e-Filing Portal
Introduction: Are you looking for convenient banking options to make your tax payments? Look no further! The e-Filing Portal’s e-Pay Tax service offers a wide range of 27 banks to choose from. Whether...
-
FAQs on IFSC Insurance Office
Welcome to the comprehensive Frequently Asked Questions (FAQs) guide on the International Financial Services Centres Authority (IFSCA) and its Department of Insurance. These FAQs, updated as of Decemb...
-
Government’s Action Plan to Combat Ponzi Scams
In response to the rising concerns over the proliferation of Ponzi apps and their unbridled promotion by financial influencers on social media platforms, Shri Sujeet Kumar raised Unstarred Question No...
-
Action Plan To Make The Country Third Largest Economy
Introduction: The Government of India, under the Ministry of Finance and the Department of Economic Affairs, is actively pursuing an ambitious action plan to position the country as the third-largest...
-
Growth in gross total income of individuals across different income groups
Introduction: In response to an unstarred question in the Rajya Sabha, this article delves into the significant growth observed in the gross total income of individuals across various income groups in...
-
T+0 & Instant Settlement Options: Consultation Paper on Enhanced Settlement Cycles
The Consultation Paper discusses the potential introduction of T+0 and instant settlement options in addition to the existing T+1 settlement cycle in the Indian securities markets. This initiative aim...
-
No Health Tax Proposal for Tobacco Products: Govt
Introduction: The Government of India, under the Ministry of Finance, has been under scrutiny regarding the implementation of a health tax on tobacco products. This move was suggested by the Parliamen...