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NFRA issues Report of Prabhu Steels Industries Ltd. on Non Compliances of AS
NFRA issues Financial Reporting Quality Review (FRQR) Report of Prabhu Steels Industries Limited (CIN: L28100MH1972PLC015817) for FY 2019-20 The National Financial Reporting Authority (NFRA) has issue...
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Exposure Draft of Multipurpose Empanelment Scheme for Public Comments
The Professional Development (PD) Committee of The Institute of Cost Accountants of India releases the Exposure Draft of the Multipurpose Empanelment Scheme (MES) for Public Comments. Last date is 17t...
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6.26 crore ITRs & 29.8 lakh TARs filed on new e-Filing portal
More than 29.8 lakh major Tax Audit Reports (TARs) filed on the e-Filing portal of the Income Tax Department More than 29.8 lakh major Tax Audit Reports (TARs) have been filed on the e-Filing portal o...
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Proposed Amendments to IRDAI (Third Party Administrators – Health Services) Regulations, 2016
Insurance Regulatory and Development Authority of India. Exposure Draft Ref. No. Dated: 15-02-2022 Proposed Amendments to IRDAI (Third Party Administrators – Health Services) Regulations, 2016: 1. Tak...
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Proposed amendments to IRDAI (Health Insurance) Regulations, 2016
Insurance Regulatory and Development Authority of India Date:16-02-2022 1. Taking into consideration the dynamics of the insurance industry, the IRDAI (Health Insurance) Regulations, 2016 are comprehe...
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India’s exports increase by 36.76% y-o-y in January, 2022
INDIA’S FOREIGN TRADE: January 2022 India’s overall exports (Merchandise and Services combined) in January 2022* are estimated to be USD 61.41 Billion, exhibiting a positive growth of 36.76 per cent o...
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Banning cryptocurrency is most advisable : Deputy Governor, RBI
Reserve Bank of India Cryptocurrencies – An assessment (Keynote address delivered by Shri T Rabi Sankar, Deputy Governor, Reserve Bank of India – February 14th, 2022 – at the Indian Banks Association...
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Press release about ABG Shipyard issue by SBI
ABG Shipyard was incorporated on 15 March 1985, has been banking arrangements since 2001. Financed under Consortium arrangement over a two dozen lenders. Leader in Consortium was ICICI Bank. Due to po...
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Representation on various issues faced by tax payers under GST laws
GOODS AND SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA Ref: 05/SR/2021-2022 Date: 16.02.2021 To, The Chief Commissioner of CGST, Mumbai Commissionerate Sub: Representation on various issues...
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Instructions for enabling Internal Control Mechanism for Refunds in GST
File No.407406 EXCISE & TAXATION DEPARTMENT, HARYANA Vanijya Bhawan, Plot No. 1-3, Sector 5, Panchkula – 1341 09 Ph: 0172-2590990 Fax: 0172-2590935 www.haryanatax.gov.in Internal Instructions To All J...
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Draft National Policy for Micro, Small and Medium Enterprises in India
PY-10024/6/2020-POLICY-DCMSME (E-17555) Ministry of MSME Office of the Development Commissioner(MSME) (MSME Policy Division) Room No. 710, Nirman Bhavan. New Delhi Dated: 4th February, 2022 OFFICE MEM...
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MCA General Circular No. 01/2022 - dated 14th February, 2022
As per circular additional fees for filling of Annual Financial Statement/Return filings required to be done for the financial year ended on 31st March, 2021, has been further extended and no addition...
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Steps to mitigate negative impact of Covid-19 on small businesses
IMPACT OF COVID-19 ON SMALL BUSINESSES The Government has taken a number of recent initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses in...
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ICAI elects President & Vice-President for the year 2022-23
ICAI elects New Torchbearers for the year 2022-23- CA. (Dr.) Debashis Mitra elected as President, ICAI and CA. Aniket Sunil Talati elected as Vice President, ICAI. CA. (Dr.) Debashis Mitra, President...
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ICAI Guidance Note on Audit of Banks (2022 Edition)
Statutory audit of banks involves a number of peculiarities due to some unique features of banks and banking operations e.g. huge volumes and complexity of transactions, wide geographical spread of ba...
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MCA introduces new form CSR-2 – Report on CSR
The MCA vide its notification dated 11th February, 2022 has notified Companies (Accounts) Amendment Rules, 2022 which shall come into force from 11th February 2022. In the Companies (Accounts) Rules,...
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ROC imposes Rs. 2 Lakh penalty for delay in Share Certificate issue
The company has received a remittance of Rs. 50,00,000 from its subscriber on 17.05.2021 in its bank account towards share capital contribution for subscription of equity shares of the company and the...
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CBDT corrects its mistake in Notification Numbering
CBDT has issued a Notification on 27.01.2022 and by Mistake numbered it as Notification No. Notification No. 12/2022-Income Tax while it already issued a notification with similar Number on 25.01.2022...
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6.2 crore ITRs & 21 lakh TARs filed on new e-Filing portal
More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax Audit Reports(TARs) filed on the new e-Filing portal of the Income Tax Department More than 6.2 crore Income Tax Returns(ITRs)...