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Model Financial Statements for Non-Corporate Entities
The focus on Non-Corporate Entities and scrutiny thereof by various regulators, financial institutions and others are increasing year on year. In this scenario as well as for the long term it is cruci...
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Opted QRMP Scheme – Pay GST by 25th
Attention GST Taxpayers who have opted for QRMP Scheme! Deposit due tax liability for January, 2021 by using Form/Challan PMT-06 before the due date February 25, 2021 as Latyye Payment will attract In...
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CBIC provides facilitation for exporters having IGST refund issues
Ministry of Finance Posted On: 22 FEB 2021 The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit for sanction of pending IGST refunds in such cases where records have not...
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Guideline for transfer of Black Money Act case to respective Central Charges
F.No.225/24/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 23rd February,2021 To All Pr. Chief-Commissioners of Income-tax/ Chie...
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Section 10(46) exemption to ‘Haryana State Pollution Control Board’
Notification No. 08/2021 Central Government notifies ‘Haryana State Pollution Control Board’ a Board constituted by the State Government of Haryana under the Water (Prevention and Control of Pollution...
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Survey questionnaire on Paying Taxes by DPIIT (Ease of Doing Business)
Quality Council of India (QCI) is an autonomous organization set up under the auspices of the Ministry of Commerce and Industry With the objective of improving reform implementation, we are conducting...
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Advisory on Reconciliation Statement (GSTR-9C )
22/02/2021 GSTR-9C Reconciliation statement to be filed in Form GSTR-9C requires the tax rate wise declaration of transactions for the concerned financial year. In the said form, tax amount pertaining...
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I-T Dept searches Pune based group engaged in packaging & sale of tobacco
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 22nd February, 2021 PRESS RELEASE Income Tax Department conducts searches in Pune Income Tax Depa...
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I-T Dept searches Betul based Soya products manufacturing group
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 22nd February, 2021 PRESS RELEASE Income Tax Department conducts searches in Bhopal Income Tax De...
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ESIC beneficiaries to get medical care from nearby ESIC empanelled Hospitals
Ministry of Labour & Employment ESIC beneficiaries to get medical care from nearby ESIC empanelled Hospitals in case of non-availability of ESIC hospital or dispensary within a radius of 10 km. of the...
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CAIT demands investigation of Cloudtail & Appario Retail working on Amazon marketplace
Confederation of All India Traders (CAIT) has written a letter to Shri Piyush Goyal, Hon’ble Minister for Commerce and Request for point wise investigation against Cloudtail India Limited (Company of...
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Model Educational Loan Scheme for Pursuing Higher Education in India & Abroad 2021
Indian Banks’ Association MODEL EDUCATIONAL LOAN SCHEME FOR PURSUING HIGHER EDUCATION IN INDIA AND ABROAD 2021 (The scheme provides broad guidelines to the banks for operationalising the Educational l...
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Exposure Draft of Guidance Note on Audit of Banks, 2021 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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Exposure Draft of Annual Improvements to Ind AS (2021)
ED/AI/2021/4 Exposure Draft Annual Improvements to Ind AS (2021) (Corresponding to Annual Improvements to IFRS Standards 2018–2020 Cycle issued by the IASB) (Last date for Comments: March 20, 2021) Is...
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Exposure Draft – Reference to Conceptual Framework -Amendments to Ind AS 103
ED/ Ind AS 103/2021/3 Exposure Draft Reference to the Conceptual Framework (Amendments to Ind AS 103, Business Combinations) (Last date for Comments: March 20, 2021) Issued by Accounting Standards Boa...
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Exposure Draft of Property, Plant and Equipment: Proceeds before Intended Use
ED/ Ind AS 16/2021/2 Exposure Draft Property, Plant and Equipments: Proceeds before Intended Use (Amendments to Ind AS 16, Property, Plant and Equipment) (Last date for Comments: March 20, 2021) Issue...
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Exposure Draft – Onerous Contracts– Cost of Fulfilling a Contract
ED/ Ind AS 37/2021/1 Exposure Draft Onerous Contracts – Cost of Fulfilling a Contract (Amendments to Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets) (Last date for Comments: March...
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IFSCA issues consultation paper on proposed Aircraft Leasing Regulations
Ministry of Finance Posted On: 16 DEC 2020 India is poised to become the 3rd largest aviation market in the world by 2022. In January 2019, India’s Ministry of Civil Aviation published a report, ‘Proj...
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Educational Material On ICAI Valuation Standard 301- Business Valuation
Business Valuation focus has shifted from just the value of tangible assets to become more comprehensive. It also includes Earnings capability, Intangible assets, Innovative capabilities and Managemen...
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One arrested for illegal Gutkha manufacturing & Tax Evasion
Ministry of Finance Central Delhi tax officials arrest one for illegal manufacturing of gutkha with liability of around Rs 5.9 crore Posted On: 20 FEB 2021 Acting on intelligence regarding illegal man...