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Bombay HC to impose heavy cost on lawyers if they Get Non-Urgent Matters Listed
Bombay High Court 14th January 2022 NOTICE It is found that taking undue advantage of the previous Notice, by which parties’ Advocates were permitted to indicate the date of listing without mentioning...
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Exposure Draft of Guidance Note on Audit of Banks, 2022 edition
issued by the Auditing and Assurance Standards Board As you may be aware that every year the Auditing and Assurance Standards Board of the ICAI brings out the publication ‘Guidance Note on Audit of Ba...
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Implementation Guide to Standard on Auditing (SA) 210), Agreeing the Terms of Audit Engagements
An auditing standard is a form of the current best practices applicable in an audit engagement, which sets a minimum level of technical proficiency in order to ensure that the work done is of high qua...
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Implementation Guide to Standard on Auditing (SA) 560 Subsequent Events
Standards on Auditing prescribe the fundamental principles of audit to be followed by auditors in their audit engagements. It is essential that auditors must understand and implement these Standards a...
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Income Tax Department conducts search & seizure in Haryana
Income Tax Department conducts search and seizure operations in Haryana The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufactu...
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Clarify whether currency notes carry corona virus or not: CAIT writes to Govt
Confederation of All India Traders (CAIT) writes Health Minister for its clarification whether the currency notes carry corona virus or not. They also urges Government to use polymer currency notes to...
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Lok Adalat emerges as most efficacious tool of Alternative Dispute Resolution
Emergence of Lok Adalat as the most efficacious tool of Alternative Dispute Resolution A total number of 1,27,87,329 cases were disposed off in 2021 Due to technological advancement like E-Lok Adalats...
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ICAI extends last date for complying with mandatory CPE hours
Extension of last date for complying with the mandatory CPE hours’ requirements for the Calendar Year 2021 either in physical/offline mode or in virtual mode through VCM/DLH – from 31st December, 2021...
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ICAI expresses concerns on returning of Approach Paper for revision of existing AS by NFRA
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) ICAI/CMCGC/06/ 2021-221 Rep-11 22nd October, 2021 Shri Ashok Kumar Gupta Chairperson, National Financial Reporting Auth...
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Special drive in Haryana against 81 risky GST taxpayers
Government of Haryana Excise and Taxation Department 11th January, 42021 Press Release The Excise and Taxation Department, Government of Haryana identified a list of 81 risky taxpayers exhibiting cons...
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DGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore
; 1 held Recently a case was booked by DGGI against some fake firms, which were found non existing at their principal place of business. To trace the real persons behind these fake firms, the physical...
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CBDT notifies new Rule 21AJA, Rule 21AJAA & Form No. 10-IK
vide Notification No. 6/2022 | Dated: 14th January, 2022- Rule 21AJA. Computation of exempt income of specified fund, attributable to the investment division of an offshore banking unit, for the purpo...
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Section 10(46) exemption to Assam Electricity Regulatory Commission
Vide Notification No. 5/2022 – Income Tax | Dated: 13th January, 2022 CBDT notifies Tax Exemption to Assam Electricity Regulatory Commission, constituted by the Government of Assam, in respect of the...
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Corrigendum Notification No. 4/2022- Income Tax, Dated: 13.01.2022
Corrigendum to Notification No. 142/2021-Income Tax | Dated: 31st December, 2021 vide Notification No. 4/2022- Income Tax, Dated: 13.01.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD...
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46 Union Budget 2021-22 Provisions implemented by Government
1. Incentives for Start-ups Eligibility for claiming tax holiday extended for start-ups incorporated till 31.03.22. Threshold limit for eligible start-ups was earlier raised to Rs 100cr. from Rs 25cr....
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Advisory on Form 10CCB to avoid errors in filing & verification
Clarification on Form 10CCB To avoid errors in form filing and verification, kindly ensure that following points are considered: 1. Please assign Form 10CCB to respective Chartered Accountant(CA) from...
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AOTAA files PIL before Orissa HC on the issue of late fee, interest & penalty under Income Tax
All Odisha Tax Advocates Association has filed an PIl before Orissa High Court with following Prayers- (i) Admit the Writ Petition; (ii) Issue notice to the opposite parties as to why writ in the natu...
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Shri Piyush Goyal asks Industry to give inputs for further decriminalization of rules
Shri Piyush Goyal appeals to the industry to prepay MSMEs for their services to boost employment and growth Shri Piyush Goyal asks Industry to give inputs for further decriminalization of rules Govern...
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Request for reconsideration of order for closure of private offices in Delhi
Confderation of All India Traders Ref. No. : 3330/1/5 11th January,2022 Shri Anil Baijal Hon’ble Lt. Governor Government of NCT of Delhi Delhi Dear Shri Baijal Ji, Subject : Request for reconsideratio...
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Introduction & implementation of E-voting in ensuing 5 State Assembly Polls
Confederation of All India Traders “Vyapur Bhawan” 925/1, Naiwala, karol Bagh, New Delhi-110005. Phone: +91-11-45099884, Telefax:+91-11-45032665 09th January, 2022 Ref. No.: 3330/1/50 Shri Sushil Chan...