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CBIC extends due date of filing Form GSTR-9, GSTR-9A & GSTR-9C
CBIC extended Due date for filing of Annual return for FY 2017-18 in FORMs GSTR-9, GSTR-9A and GSTR-9C extended to 31st March, 2019 vide Press Release Dated 7th December, 2018. Official Order is expec...
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No TDS on Interest to Senior Citizen if not exceeds Rs. Fifty Thousand
CBDT hereby clarifies that no tax deduction at source under section 194A shall be made in the case of Senior Citizens where the amount of such income or, the aggregate of the amounts of such income cr...
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Capital Asset holding period on conversion : Rule 8AA & Sec. 115JG(1)
In the case of a capital asset which became the property of the Indian subsidiary company in consequence to conversion of a branch of a foreign company referred to in subsection (1) of the section 115...
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CBDT notifies revised provisions U/s. 115G for Unabsorbed depreciation, set off / carry forward of losses, tax credit
CBDT notifies revised provisions related to Unabsorbed depreciation, set off or carry forward and set off of losses, tax credit in respect of tax paid on deemed income relating to certain companies an...
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Do’s and Dont’s for ICAI Election candidates
ANNOUNCEMENTInstructions/circulars to candidates issued under Rule 42 of the Chartered Accountants (Election to the Council) Rules, 2006 As members are aware, the triennial elections to the twenty fou...
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Exposure Drafts of Guidance Note on Audit of Banks 2019 Edition
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 Banks” to provide guidance to the members carrying out...
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Implementation Guide to Standard on Auditing (SA) 230, Audit Documentation (Revised 2018)
The Institute of Chartered Accountants of India (Set up by an Act of Parliament)New Delhi ForewordStandards on Auditing are critical in ensuring and enhancing quality in audits of financial statements...
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ITR Processing or Assessment in Fraudulent PAN/TAN cases: SOP
ITBA-Assessment Instruction No 10DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi –110055F.No. System/ITBA/Instruction/ITR Processing/177/16-17/Dated:...
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ICAI demands apology from ET for publishing alleged derogatory article
V.SagarSecretaryTHE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament28th November, 2018The EditorET Prime,The Economic Times,Bennett Coleman 82-, Co. Ltd.Registered Office,D...
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Discussion Paper on 3 ‘S’ of Climate changes released
Press Information Bureau Government of IndiaMinistry of Finance 04-December-2018Ministry of Finance releases Discussion Paper entitled “3 Essential “S”s of Climate Finance – Scope, Scale and Speed: A...
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Investigative agencies to maintain high standards of professionalism: FM
Press Information BureauGovernment of IndiaMinistry of FinanceDated: 04-December-2018Union Finance Minister exhorts investigative agencies to maintain high standards of professionalism Shri Arun Jaitl...
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ICAI Election: Manner of writing Arabic numerals in ballot paper
Institute of Chartered Accountants of IndiaCLARIFICATIONDate: 4th December, 2018Sub.: Manner of writing Arabic numerals in the ballot paperQueries are being received from members as to the manner in w...
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Empanelment for Concurrent Audit of operations of IFV, SIDBI
Small Industries DevelopmentBank of IndiaRequest for Proposal (RFP)ForConcurrent Audit of Operations ofInstitutional Finance Vertical (IFV), SIDBISmall Industries Development Bank of IndiaAudit Vertic...
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Standard on Auditing for Audits of Smaller & Less Complex Entities (SASE) 200
Exposure DraftStandard on Auditing for Audits of Smaller and LessComplex Entities (SASE) 200Overall Objectives of the Independent Auditor and theConduct of an Audit in Accordance with Standards onAudi...
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Changes in Registration of E-Commerce Operators as TCS under GST
ATTENTIONREGISTRATION OF E-COMMERCE OPERATORSIn view of Sec. 52 of WBGST/CGST Act, 2017 read with Rule 12 of WBGST/CGST Rules, 2017, the e-Commerce Operators are required to get registered as TCS in e...
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Extend Time For Filing GST Annual Return and GST Audit Report
Memorandum to Union Finance Minister for extension of time For Filing Annual Return In Form GSTR 9 And Audit Report In Form GSTR 9C till 31st March 2019 Tax Consultants Society, Coimbatore has forward...
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Format of Letter for Appointment of GST Auditor
Suggested format for Appointment LetterToABC and Co.,Chartered Accountants<<<<<Address>>>>>Dear Sirs,Sub: Appointment of GST Auditors (Joint Auditors) under section 35(5) and section 44(2) of the CGST...
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Companies (cost records and audit) Amendment Rules, 2018
MCA notifies Companies (cost records and audit) Amendment Rules, 2018 to further amend Companies (cost records and audit) Rules, 2014. MCA notifies Companies (cost records and audit) Amendment Rules,...
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Transfer/postings of 5 Officers in the grade of ACIT/DCIT
F.No. A-22013/2/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 03.12.2018Office Order No. 210 of 2018The foll...
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CBI Files a Chargesheet against an ITO & 2 others in Bribery Case
A case was registered on 08.01.2018 against the private person (retired Income Tax Inspector) on a complaint alleging that the accused had demanded a bribe of Rs. 70,000/- on behalf of Income Tax Offi...