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ICAI Auditing and Assurance Standards Board – Expert Panel for Addressing Queries related to Statutory Audit pertaining to Auditing Aspects Auditing and Assurance Standards Board The Institute of Char...

Members & Students Services (Grievances Handling and e-Sahaayataa) Directorate The Institute of Chartered Accountants of India 16’h April, 2023 Announcement Extension of last date for updation of Memb...

GST Revenue Collection ₹1,60,122 crore gross GST revenue collected for March 2023 The gross GST revenue collected in the month of March 2023 is ₹1,60,122 crore of which CGST is ₹29,546 crore, SGST is...

Taxation of Charitable Trusts becomes more Complicated after Budget 2023 It appears from the drastic changes made in recent years for the Charitable Trusts that they have lost the trust of the Governm...

This article will outline some of the important amendments made by Finance act, 2023 which is applicable for F.Y. 2022-23 (A.Y. 2023-24) which we need to take care of while filing ITR of A.Y. 2023-24....

April is the start of a new financial year and the government has made changes to the income tax slabs under the new tax regime to make it more attractive. It’s important for salaried individuals to d...

Amendment in 206C(1G) of Income Tax Act, 1961 SUMMARY: S. No Type of Remittance Present Rate* Proposed Rate* 1. For the purpose of any education, if the amount being remitted out is a loan obtained fr...

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 12th April, 2023 CORRIGENDA THE FINANCE ACT, 2023 No. 8 OF 2023 In the Finance Act, 2023 (8 of 2023), published in the Gazette of In...

Release of Direct Tax Statistics The Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from time to time. In...

Notification No. 20/2023 Dated: 10th April, 2023 under clause (46) of section 10 of the Income tax Act, 1961 in case of Central Board of Secondary Education, Delhi MINISTRY OF FINANCE (Department of R...

Notification No. 19/2023 Dated: 10th April, 2023 under clause (46) of section 10 of the Income tax Act, 1961 in case of Central Board of Secondary Education, Delhi for AY 2013-14 MINISTRY OF FINANCE (...

Notification No. 19/2023 Dated: 10th April, 2023 under clause (46) of section 10 of the Income tax Act, 1961 in case of Central Board of Secondary Education, Delhi for AY 2013-14 MINISTRY OF FINANCE (...

Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of Karnataka, on 31.03.2023. These cooperative Banks have been found to be engaged in r...

FAQs relating to professional ethics of members pertaining to Bank Assignments Q.1 Whether a Firm of Chartered Accountants can accept Audit of a branch of a bank, while one of the partners of the said...

at 348 vide Notification No. 21/2023-Income Tax Dated: 10th April, 2023. Cost inflation Index for Financial Year 2022-23 was 331 so Increase in Cost Inflation Index for FY 2023-24 is mere 5.14%. MINIS...

Ethical Standards Board The Institute of Chartered Accountants of India 9th April, 2023 Announcement Re.: Acceptance of certain assignments by the Concurrent Auditor of Bank Branches The members have...

Notification No. 17/2023-Inome Tax Dated: 6th April, 2023- CBDT notifies revised jurisdictions under sub clause (ii) of clause (D) of the Explanation to clause (6) of rule 114F of the Income Tax Rules...

Top 15 Income tax Amendments applicable from 1st April 2023 1. Change in new Tax Regime Section 115BAC applicable Now applicable also on association of persons [other than a co- operative society], or...

Earlier there were no specific provision for taxation for winning from online games. Generally, no one pays on such winning and those who pays, that taxed under Income from other sources at slab rates...

The Special Judge for CBI Cases, Dharwad (Karnataka) has sentenced Shri Abhishek Tripathi and Shri Alok Tiwari, both then Income Tax officials to undergo four years rigorous imprisonment with fine of...