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DGFT Advance Authorisation Scheme: Duty-Free Import for Export
The Ministry of Commerce & Industry oversees the Directorate General of Foreign Trade (DGFT), which implements the Advance Authorisation Scheme. This scheme allows for the duty-free import of inputs s...
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PFRDA Invites Feedback on Proposed Amendments to Point of Presence Regulations
Pension Fund Regulatory and Development Authority (PFRDA) invites public feedback on the proposed changes to the PFRDA (Point of Presence) Regulations 2018. Learn about the key areas of change and how...
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ED Cracks Down on Pigeon Education Technology for Illicit Financial Activities
The Enforcement Directorate (ED) has made substantial strides in their ongoing investigation of Pigeon Education Technology India Pvt. Ltd. The ED’s recent actions have brought to light dubious financ...
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Draft SRS 4400 (Revised), Agreed-Upon Procedures Engagements
EXPOSURE DRAFT STANDARD ON RELATED SERVICES (SRS) 4400 (REVISED) AGREED-UPON PROCEDURES ENGAGEMENTS Standard on Related Services (SRS) 4400 (Revised), Agreed-Upon Procedures Engagements, should be rea...
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Draft SA 540 (Revised), Auditing Accounting Estimates & Related Disclosures
EXPOSURE DRAFT STANDARD ON AUDITING (SA) 540 (REVISED) AUDITING ACCOUNTING ESTIMATES AND RELATED DISCLOSURES Standard on Auditing (SA) 540 (Revised), Auditing Accounting Estimates and Related Disclosu...
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Draft SA 315 (Revised), Identifying & Assessing Risks of Material Misstatement
EXPOSURE DRAFT STANDARD ON AUDITING (SA) 315 (REVISED) IDENTIFYING AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the audit...
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Draft SA 250 (Revised), Consideration of Laws & Regulations in an Audit of Financial Statements
EXPOSURE DRAFT STANDARD ON AUDITING (SA) 250(REVISED) CONSIDERATION OF LAWS AND REGULATIONS IN AN AUDIT OF FINANCIAL STATEMENTS Standard on Auditing (SA) 250(Revised), Consideration of Laws and Regula...
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Draft SA 220 (Revised), Quality Management for an Audit of Financial Statements
EXPOSURE DRAFT STANDARD ON AUDITING (SA) 220(REVISED) QUALITY MANAGEMENT FOR AN AUDIT OF FINANCIAL STATEMENTS Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the specific re...
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Draft SQM 2, Engagement Quality Reviews
EXPOSURE DRAFT STANDARD ON QUALITY MANAGEMENT (SQM) 2 ENGAGEMENT QUALITY REVIEWS Standard on Quality Management (SQM) 2, Engagement Quality Reviews, should be read in the context of the “Preface to th...
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Draft SQM 1: Quality Management for Financial Statement Audits, Reviews & Assurance Engagements
EXPOSURE DRAFT – STANDARD ON QUALITY MANAGEMENT (SQM) 1 QUALITY MANAGEMENT FOR FIRMS THAT PERFORM AUDITS OR REVIEWS OF FINANCIAL STATEMENTS, OR OTHER ASSURANCE OR RELATED SERVICES ENGAGEMENTS Introduc...
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ICSI Requests Company Law & LLP Law Settlement Scheme, 2023
The Institute of Company Secretaries of India (ICSI) has written a letter to the Secretary of the Ministry of Corporate Affairs, requesting the introduction of the Company Law and LLP Law Settlement S...
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MCA approves withdrawal of another 7,338 prosecutions
pending before various courts under Special Arrears Clearance Drive-II towards promoting Ease of Doing Business and decriminalisation of compoundable offences under Companies Act, 2013 Withdrawal will...
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Definition of Investment Fund amended: Income Tax Notification No. 49/2023
Recent amendment, as per Notification No. 49/2023-Income Tax, pertains to the definition of an investment fund under the Income Tax Act. The amendment provides clarification on the criteria for funds...
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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 26 banks to choose from. Whether...
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Taxability of Income from Off-Shore Investments: Income Tax Circular
F.No.225/79/2019-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, New Delhi Circular No. 12/2023-Income Tax | Dated: 12th July.2023 Subje...
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DPIIT notifies Quality Control Orders for Potable Water Bottles & Flame-Producing Lighters
Introduction: The Ministry of Commerce & Industry, under the Department for Promotion of Industry and Internal Trade (DPIIT), has recently notified two new Quality Control Orders (QCOs) on Potable Wat...
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Public Comments on draft IFSCA (Banking) (Amendment) Regulations, 2023
The IFSCA released a consultation paper inviting public comments on the draft IFSCA (Banking) (Amendment) Regulations, 2023. In response, several comments, suggestions, and modifications were submitte...
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Applicable Standards & Amendments for December 2023 CA Foundation Exam
The Institute of Chartered Accountants of India (ICAI) has made essential amendments to the syllabus for the upcoming December 2023 Foundation Course Examination. This article provides comprehensive i...
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ICSI: Company Secretaries Examination December 2023 Time Table
Institute of Company Secretaries of India (ICSI) has released the time table for the upcoming Company Secretaries Examination in December 2023. ICSI notifies the time table for the examination, includ...
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November 2023 CA Intermediate Exams: Applicable Standards/Guidance Notes/Amendments
Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2023 – Intermediate Examination- This Post serves as a comprehensive guide for students preparing for the Institute...