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Decriminalization of offences under Companies Act, 2013
Boost to Ease of Doing Business and Investment in the country “Today, India is undergoing a rapid change in mindsets as well as markets. It has embarked on a journey of deregulation and decriminalizat...
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Extend timelines for Filing of DIR -3 KYC without any Late Fee
Representation for extension of timelines for Filing of DIR -3 KYC for DIN / DPIN holders as at 31st March 2021 till 31.12.2021 without any Late Fee. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax...
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NFRA wants Statutory Audit exemption for Certain class of Companies
Consultation Paper on Statutory Audit and Auditing Standards for Micro, Small and Medium Companies (MSMCs) India is unique among the big economies of the world in statutorily mandating compulsory audi...
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ICSI Request for extension of time limit for filing of DIR-3 KYC
The Institute of Company Secretaries of India MCA 2021 September 28 2021 Shn Raiesh Verma IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan Dr Rajendra Prasad Road New Del...
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NFRA issues FRQR Report on Annual Report of KIOCL Limited, FY 2019-20
Financial Reporting Quality Review Report (FRQRR) Company: KIOCL Limited CIN: L13100KA1976GOI002974 Financial Reporting for the Accounting Year: 2019-20 Financial Reporting Framework: Indian Accountin...
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ITRs up to AY 2017-18 with refund claim to be processed by 30.11.2021
All validly filed Income Tax Returns (ITRs) up to Assessment Year 2017-18 with refund claim, which could not be processed u/s 143(1) and which had become time barred, should be processed by 30/11/2021...
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CBDT notifies authority for accepting Income Tax settlement application
F.No. 299/22/2021-Dir (Inv. III) / 174 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** ORDER Civic Centre, New Delhi Dated the 28.09.2021 Subject: O...
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Income-tax (31st Amendment) Rules, 2021 | Rule 11UE & Rule 11UF
CBDT notifies Rules for implementing the amendments made by the Taxation Laws (Amendment) Act, 2021 vide Income-tax (31st Amendment) Rules, 2021 | Notification No. 118/2021-Income Tax Dated: 1st Octob...
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Seychelles’ Tax Inspectors Without Borders programme launched
Ministry of Finance Seychelles’ Tax Inspectors Without Borders (TIWB) programme launched in partnership with India Posted On: 04 OCT 2021 Tax Inspectors Without Borders (TIWB), a joint initiative of t...
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NSDL release new e-TDS/TCS RPU & FVU wef 01.10.2021
NSDL releases e-TDS/TCS Return Preparation Utility (RPU) version 3.7 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08 onwards i and e-TDS/TCS File validation utility (FVU) versi...
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ECLGS’ scope expanded and scheme extended till 31.03.2022
Ministry of Finance Posted On: 29 SEP 2021 3:41PM by PIB Delhi Emergency Credit Line Guarantee Scheme (ECLGS) since its launch, has extended relief to over 1.15 crore Micro, Small and Medium Enterpris...
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Problems in Faceless Assessments & Appeals and VSV related issues
Representation regarding problems in Faceless Assessments & Faceless Appeals and Issues relating to VSV Matters to Chairman, Central Board of Direct Taxes. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Inco...
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Election 2021: ICAI members staying abroad can update their address before 01.10.2021
Members staying abroad have the opportunity to update their current address on or before 1st October 2021 for the upcoming elections to be held on 3rd & 4th December 2021. For Members Currently Abroad...
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CGST & Central Excise officials make arrests in Mumbai
Ministry of Finance Arrest made in an ongoing investigation involving receipt and supply of ineligible Input Tax Credit amounting to Rs. 6.46 Crores Department has launched a drive against fake invoic...
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NFRA finds deficiencies in Statutory Audit of IL&FS Transportation Networks
File No. NF-11011/10/2019-NFRA Statutory Audit of: IL&FS Transportation Networks Limited (ITNL) for the Financial Year 2018 Conducted by: SRBC & Co LLP, Chartered Accountants Firm Registration Number...
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Telecom Reforms- Govt. Simplifies KYC processes
Highlight: -As per the new orders, Aadhaar-based e-KYC process has been reintroduced for issuing new mobile connections. -Telecom service providers will be charged Re 1 per customer authentication by...
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Government Notifies PLI Scheme for Automobile & Auto components
Ministry of Heavy Industries PLI Auto Scheme will help create additional employment of over 7.5 lakh jobs PLI Scheme for auto sector will bring fresh investments of over Rs 42,500 crore in five years...
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CGST (Eighth Amendment) Rules, 2021
CBIC Notification No. G.S.R. 659(E). Dtd. 24th September, 2021 The CBIC has notified CGST (Eighth Amendment) Rules, 2021 to amend the existing CGST Rules, 2017, which shall come into force as on the d...
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Returns furnished between 07.06.2021 to 30.09.2021 under EVC instead of DSC to be treated as valid
F.No. 225/188/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Hoard of Direct ‘taxes ***** New Delhi, Dated 24th September, 2021 Order u/s 119 (2)(a) of the Income-ta...
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CBDT add further exclusions to section 144B Faceless Assessment
F. No. 187/3/2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** North Block, New Delhi Dated, the 22nd September, 2021 ORDER Subiect:- Order...