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Income Tax Dept searches 3 real estate & stock broking groups of Kolkata
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct TaxesNew Delhi, 08th January, 2021PRESS RELEASEIncome Tax Department conducts searches in KolkataThe Income Tax Depar...
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Draft Panel for Category of MEF application 2020-21
Professional Development CommitteeThe Institute of Chartered Accountants of India16th January, 2021Draft Panel for Category of MEF application 2020-21MEF Applicants can visit at https://meficai.org/ t...
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New MCA Scheme for condonation of delay for certain companies
Scheme for Condonation of delay for Restored Companies by NCLT between 1 Dec. 2020 to 31 Dec. 2020MCA vide Circular No. 3/2021 announced for Condonation of Delay Scheme for Companies restored by NCLT...
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Companies who not followed Process for AGM date extension may face legal action: MCA
MCA has issued Circular no. 02/2021 dated 13th January, 2021 wherein companies whose AGMs were due to be held in the year 2020, or become due in the year 2021 are allowed to conduct their AGM on or be...
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Spending on CSR for COVID-19 Vaccination public outreach is valid CSR activity
The Ministry of Corporate Affairs has issued General Circular No. 01/2021 dated 13.01.2021. It has been clarified that spending of CSR funds for carrying out awareness campaigns / programmes or public...
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Clarification on passing of ordinary & special resolutions by companies
Clarification on passing of ordinary and special resolutions by companies under the Companies Act,2013 read with rules made thereunder on account of COVID-19- Extension of time.General Circular No. 39...
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MCA extends last date of filing Form CRA-4 extended to 31.12.2020
Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) to 31st December, 2020 for FY 2019-20 under the Companies Act, 2013.General Circular...
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Service Tax Department issuing illegal SCN for FY 2014-15
Chartered Accountants Association, Jalandhar has made a representation to FM regarding Misuse of Official Position by making roving enquiries & issuing illegal Show Cause Notices by Central Excise (Se...
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Exposure Draft of Standard on Quality Control (ED SQC)
The Institute of Cost Accountants of India(Statutory body under an Act of Parliament)Request for CommentsExposure Draft of Standard on Quality Control (ED SQC)The Cost Auditing and Assurance Standards...
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ICAI mulls to use AI to identify Non-compliances in Financial Statements
Public Relations CommitteeThe Institute of Chartered Accountants of India15th January, 2021ICAI Press ReleaseICAI mulls to use AI to identify the Non-compliances in Financial StatementsThe Institute o...
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Discussion Paper on Business Combinations under Common Control
Institute of Chartered Accountants of IndiaInternational Accounting Standards Board (IASB) of IFRS Foundation has issued Discussion Paper on Business Combinations under Common Control for public comme...
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Request for Information Post-implementation Review: IFRS 10 to 12
Institute of Chartered Accountants of IndiaRequest for Information Post-implementation Review: IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in...
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ICAI Launches 100 Facilitation Centre for MSME/GST
Public Relations CommitteeThe Institute of Chartered Accountants of India7th January, 2021ICAI Press ReleaseICAI Launched MSME Mentorship Programme & 100 Facilitation Centre for MSME/GSTShri Om Birla,...
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Accounting Process Outsourcing – An Insight on Major Economies
Dear Professional Colleagues,Greetings from Committee for Development of International Trade, Services & WTO!We are happy to inform you that while continuously working towards new initiatives for prom...
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Auditor cannot share client info with Credit Rating Agencies unless permitted: ICAI
Ethical Standards BoardThe Institute of Chartered Accountants of India5th January, 2021ANNOUNCEMENTClarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Audit...
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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 requirement for the Calendar Year 2020 either in physical/offline mode or in virtual mode through VCM/DLH – from 31st December, 2020 t...
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ICAI President’s Message January 2021
Institute of Chartered Accountants of IndiaDear Professional Colleagues,At the outset, hearty wishes for a very Happy, Prosperous and Joyful New Year to all of you and family Members!The year 2020 gon...
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Recognition of CMA Courses of Institute of Cost Accountants of India by UK NARIC
The Institute of Cost Accountants of India(Statutory body under an Act of Parliament)December 29, 2020PRESS NOTERecognition of CMA Courses of the Institute of Cost Accountants of India by UK NARICCMA...
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Engagement of Consultant For Assistance In IFCFS with Bank of India
Bank of IndiaREQUEST FOR PROPOSAL (RFP)FORENGAGEMENT OF CONSULTANT FORASSISTANCE IN IMPLEMENTATION AND REVIEW OFINTERNAL FINANCIAL CONTROLS WITH REFERENCE TO FINANCIAL STATEMENTSTENDER REFERENCE NO.:...
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One-time Condonation Scheme to regularize UDINs
UDIN DirectorateThe Institute of Chartered Accountants of India28th December, 2020One-time Condonation Scheme to regularize UDINsTo reinvigorate the Profession of Accountancy in this fast changing dig...