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Steps to approve employees provident fund member KYC by employer
It is the responsibility of every employers of establishments covered under the Employees Provident Fund Act to ensure updation of KYC details by the employees covered under the Employees Provident Fu...
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GST Refund Scam- Beware of Fake Messages & Phishing
Hope all are doing well!!I want to bring your attention on the GST Refund Scam which is going on!!!Yes, some fraudsters are taking the advantage of Lockdown & Cash Crunch position and started their lo...
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Extend Due date for GSTR3B for March 2020 till 30/06/2020
The Chairman,GST Council,NEW DELHI.Date : 17.04.2020Respected Madam,The unprecedented damage done by the Covid 19 pandemic world over has left the already suffering Indian Economy in a grave situation...
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Clarification regarding Movement of Persons and Vehicles in Orange Zones, during Two Weeks Lockdown with effect from May 4, 2020
Ministry of Home AffairsPosted On: 02 MAY 2020After a comprehensive review of the Lockdown measures to contain the COVID-19 situation in the country, Union Ministry of Home Affairs (MHA), issued an Or...
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New guidelines for hearing of cases by CAT in Green, Orange & Red Zones
Ministry of Personnel, Public Grievances & PensionsNew guidelines for hearing of cases by CAT in Green, Orange & Red ZonesPosted On: 02 MAY 2020As directed by the Hon’ble Chairman, Central Administrat...
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EPFO makes filing of ECR easier for business
Ministry of Labour & EmploymentEPFO makes filing of ECR easier for businessPosted On: 30 APR 2020In the current scenario of lockdown announced by the Govt. to control the spread of COVID-19 pandemic a...
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Digital Accounting, Faceless Assessment & March 2020 GST Return
Digital AccountingCOVED-19 gives us a lesson to work from anywhere and not necessarily from fixed office place. Rendering accounting service from anywhere needs transformation of physical accounting s...
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Expert panel formed to address statutory bank branch audits queries
Auditing and Assurance Standards Board – Online Panel of Experts for Addressing Bank Branch Audit Related Queries for Financial Year 2019-20 – (02-05-2020)AUDITING AND ASSURANCE STANDARDS BOARD CONSTI...
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ICAI & ICAI RVO issues Concept Paper on All About Fair Value
Financial reporting in India has undergone a significant transformation owing to the adoption of Indian Accounting Standards (Ind AS) and fair value is the guiding principle in financial reporting acr...
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Draft Guidance Note on Applicability of AS 25 & Measurement of Income Tax Expense for Interim Financial Results
Exposure DraftGuidance Note on Applicability of AS 25 and Measurement of Income Tax Expense for Interim Financial Results(Last date of comments: May 31, 2020)Exposure DraftGuidance Note on Applicabili...
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Draft Guidance Note on Accounting by E-commerce & Cloud Computing Companies
Exposure DraftGuidance Note on Accounting by E-commerce and Cloud Computing Companies(Last date of comments: May 31, 2020)Research CommitteeThe Institute of Chartered Accountants of India(Set up by an...
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Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020
MCA has issued Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020 which are applicable from 29th April 2020 and by this Registration of details of Independent Director...
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Draft Procedure for Submission of Audit Files to NFRA
File No.NF-20011/3/2020-O/o CGM(AK)Government of IndiaNational Financial Reporting Authority7th Floor, Hindustan Times House,Kasturba Gandhi Marg, New DelhiNo. NF-20011/3/2020Dated. 28.04.2020NOTICESu...
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ICSI Requests MCA for Relaxations from Company Law Compliance
The Institute of Company Secretaries of India (ICSI) on 30th April, 2020 has made a Request to Shri Injeti Srinivas, IAS Secretary Ministry of Corporate Affairs, for relaxations in the provisions of t...
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Guidelines for Funding for Research Studies on Corporate Governance
GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRSNEW DELHI-110 003Phone : 011-24698970, Fax : 24698972NANDITA MISHRAEconomic AdviserD.O. No. 361/4/2020-R&ADated: 29.04.2020Greetings from Ministry of Co...
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Representation to reduce TDS rate on Professional Fees to 2%
A representation is been made to CBDT Chairman by leading accounting and CA Organisations of India and it is been requested that current rate of 10% under section 194J of the Act should be reduced to...
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Conceptual Approach to Board Reporting Framework A Post COVID-19 Corporate Governance Perspective
Conceptual Approach toBoard Reporting FrameworkA Post COVID – 19Corporate Governance PerspectivePrepared by:Management Accounting CommitteeThe Institute of Cost Accountants of India(Statutory body und...
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Discussion Paper Business Combinations—Disclosures, Goodwill & Impairment
Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment issued by the IASB for commentsThe implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies...
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ICAI advisory on mentioning fees in Advertisements issued by Members
Institute of Chartered Accountants of IndiaAdvisory on Mentioning Fees in Advertisements issued by Members – (28-04-2020)AdvisoryCertain concerns have been raised by members as to whether it is permis...
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Tax Audit Report- Applicability of Clause 30C & Clause 44 deferred
Tax Audit Report (Form 3CD- Applicability of Clause 30C & Clause 44 deferred till March 31, 2021Central Board of Direct Taxes (CBDT) has issued Circular No. 10/2020 dated April 24, 2020 by which t...