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ROC & RBI Compliance list for Branch Office of foreign companies
MCA/ROC COMPLIANCE1. Financial Year :-We need to determine F.Y. of the BO. This can be same as that is followed by the Company in its country of incorporation2. Prepare Financial Statements and file f...
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Extend timelines for Annual filing of OPC due to Covid 19: ICSI
THE INSTITUTE OF Company Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCEStatutory body under an Act of Parliament(Under the jurisdiction of Ministry of Corporate Affairs)25th September. 2020...
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MEF empanelment date extended – Firms under Presumptive Taxation not to submit Financial Statements
Professional Development CommitteeThe Institute of Chartered Accountants of India8th October, 2020ANNOUNCEMENT FOR EXTN. OF LAST DATE OF MEF 2020-21As you are aware that the Multipurpose Empanelment F...
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Income Tax Department conducts searches in Bihar & UP
Ministry of FinancePosted On: 07 OCT 2020The Income Tax Department, on the basis of actionable intelligence received, conducted search and seizure actions on 06-10-2020 in Patna, Sasaram and Varanasi...
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Revised effective date for applicability of ICSI Auditing Standards
The Institute of Company Secretaries of IndiaASB:202028th September, 2020Dear Professional Colleagues,Subject: Revised effective date for applicability of ICSI Auditing StandardsThe Institute of Compa...
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9 Important decisions taken by ICSI Council on 26.09.2020
THE INSTITUTE OF Company Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament(Under the jurisdiction of Ministry of Corporate Affairs)ICSI/ID/11/20201st...
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TDS under Section 194O- CBDT issues Guidelines
Circular No. 17 of 2020F. No. 370133/22/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)****Dated: 29th September, 2020Sub.: Guidelines un...
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Implementing RFQ platform for Investments in Corporate Bonds / Commercial Papers
Insurance Regulatory and Development Authority of IndiaRef. No: IRDAI/F&I/CIR/INV/246/09/2020Date:25-09-2020CIRCULARImplementing RFQ platform for Investments in Corporate Bonds / Commercial Papers1. W...
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Upsurge in the Demand of CAs by 37% inspite COVID
Institute of Chartered Accountants of IndiaUpsurge in the Demand of Chartered Accountants by 37% inspite COVID – (29-09-2020)Press ReleaseUpsurge in the Demand of Chartered Accountants by 37% inspite...
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ICAI extends Last date for payment of Membership & COP fee
M&C-MSS SectionThe Institute of Chartered Accountants of India29th September, 2020IMPORTANT ANNOUNCEMENTThe Council of ICAI considering the request from Members at large has decided to extend the last...
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Roll-back provisions of TCS under section 206C(1H)
ZALAWAD FEDERATION OF TRADE & INDUSTRIESEfforts Towards Development &EmpowermentKishorsinh Zala – ChairmanKalpesh Makasana – Co-ChairmanKamlesh Raval – PresidentGhanshyam Savadhariya –Sr. Vice Preside...
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Summary of Performance Audit on Income tax Search & Seizure Assessments
Report No.14 of 2020 – Performance Audit on Search and Seizure Assessments in Income Tax Department, Union Government, Department of Revenue – Direct TaxesSearch and Seizure is a very powerful tool av...
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Highlights of Compliance Audit of provisions of Income Tax Act, 1961
Report No.11 of 2020 – Compliance Audit of Union Government, Department of Revenue – Direct TaxesThis Report primarily discuss compliance to the provisions of the Income Tax Act, 1961 and the associat...
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Govt to study award in Vodafone matter
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct TaxesNew Delhi, 25th September, 2020PRESS RELEASE Note in the Vodafone Award matterFinance Ministry has said today th...
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Income Tax Department conducts search in Jharkhand & West Bengal
Ministry of FinancePosted On: 26 SEP 2020 The Income Tax Department has carried out search and survey operations on 25th September, 2020 at around 20 residential and business premises of a prominent g...
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Draft SAE 3410 Assurance Engagements on Greenhouse Gas Statements
Exposure DraftStandard on Assurance Engagements(SAE) 3410Assurance Engagements on Greenhouse Gas Statements(Last date for comments: November 6, 2020)Issued bySustainability Reporting Standards BoardTh...
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CBDT notifies Income-tax Authorities of Regional Faceless Appeal Centres
Central Board of Direct Taxes (CBDT) notifies Income-tax Authorities of Regional Faceless Appeal Centres (RFAC) vide Notification No. 81/2020-Income Tax dated 25th September, 2020.Ministry Of Finance(...
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CBDT notifies Income-tax Authorities of National Faceless Appeal Centre
Central Board of Direct Taxes (CBDT) notify the Income-tax Authorities of National Faceless Appeal Centre (NFAC) vide Notification No. 80/2020-Income Tax dated 25th September, 2020.Ministry Of Finance...
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CBDT authorises ACIT/DCIT (NEAC) for issuing 143(2) Notice
CBDT authorises the Assistant Commissioner/Deputy Commissioner of Income-tax (National e-Assessment Centre) for the purpose of issuance of notice under sub section (2) of section 143 of the Income Act...
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Notification No. 78/2020-Income Tax, Dated: 25.09.2020
CBDT amends Notification No. 51/2014 dated 22nd October, 2014 vide Notification No. 78/2020-Income Tax dated 25th September, 2020 related to jurisdictions of Principal CITs & CCITs.MINISTRY OF FINANCE...