SEBI amends requirements for listing of securities on a recognised stock exchange. The Securities Contracts (Regulation) (Amendment) Rules, 2021 SEBI has amended the Securities Contracts (Regulation) Rules, 1957. The summary of amendments are as under: Regulation Existing Rule Amended Rule Regulation 19Requirements with respect to the listing of …
Housing financial companies notified under SARFAESI Act as financial institutions if registered with NHB & assets worth of at least 100 crores MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 17th June, 2021 S.O.2405(E).—In exercise of the powers conferred by sub-clause (iv) of clause (m) of …
Ananta Barua tenure as Whole-Time Member of SEBI extended for two years beyond 31.07.2021 i.e. upto 31.07.2023 MINISTRY OF FINANCE(Department of Economic Affairs)(FINANCIAL MARKET DIVISION) NOTIFICATION New Delhi, the 17th June, 2021 S.O. 2403(E).—In exercise of the powers conferred by Sub-Section (1)(d) and Sub-Section (4) of Section 4 …
The Companies (Indian Accounting Standards) Amendment Rules, 2021. Ministry of Corporate Affairs has notified the Companies (Indian Accounting Standards) Amendment Rules, 2021 to further amend the Companies (Indian Accounting Standards) Rules, 2015. The amendment shall become effective from 18th June 2021. The following Indian Accounting Standards ( Ind …
Santosh K Mohanty’s tenure as Whole-Time Member of SEBI extended for two years beyond 24.06.2021 upto 24.06.2023 MINISTRY OF FINANCE(Department of Economic Affairs)(FINANCIAL MARKET DIVISION) NOTIFICATION New Delhi, the 17th June, 2021 S.O. 2403(E).—In exercise of the powers conferred by Sub-Section (1)(d) and Sub-Section (4) of Section 4 …
MCA removes restrictions on matters to be dealt with in Board meeting through video conferencing or other audio visual means MCA removes restrictions in Board meeting through video conferencing or other audio visual means MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th June, 2021 …
Addition for undisclosed foreign bank account deleted as the information received in pen drive under DTAC lacked basic essentials of a bank statement. In the instant case, the assessee was aggrieved by the order of the CIT(A) confirming the addition u/s 69 of the Income Tax Act, …
Cost Inflation Index for FY 2021-22 notified by CBDT. Up-to-date Cost Inflation Index Table / chart from FY 2001-02 to FY 2021-22 What is Cost Inflation Index?Cost Inflation index is used to calculate indexed cost of the asset for calculation of Long Term Capital Gains. Cost Inflation Index …
Finance Ministry to hold meeting with Infosys on glitches in new e-filing portal of the Income Tax Right from the launch of new income tax efiling portal, on 7th June 2021 it has succumbed to technical glitches and users/taxpayers are finding it very difficult to ensure the …
CBIC has issued circulars clarifying regarding applicability of GST rates on various supplies/services. The summary of the clarifications issued is as under Circular No. Subject Circular No. 149/05/2021-GST Clarification regarding applicability of GST on supply of food in Anganwadis and Schools Circular No.150/06/2021-GST Clarification regarding applicability of GST …
Notifications issued for GST rates reductions as per 44th GST Council meeting recommendations CBIC has issued notifications to give effect to the recommendations of 44th meeting of the GST Council for reduction in GST rates. GST Council in its 44th meeting held on 12th June 2021 has recommended …
New functionalities to be deployed on GST Portal-Negative liability statement, downloading Form GSTR-4A & HSN in Excel Format In order to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, the GSTN has decided to …
The Companies (Indian Accounting Standards) Amendment Rules, 2021. Ministry of Corporate Affairs has notified the Companies (Indian Accounting Standards) Amendment Rules, 2021 to further amend the Companies (Indian Accounting Standards) Rules, 2015. The amendment shall become effective from 18th June 2021. The following Indian Accounting Standards ( Ind …
MCA removes restrictions on matters to be dealt with in Board meeting through video conferencing or other audio visual means MCA removes restrictions in Board meeting through video conferencing or other audio visual means MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th June, 2021 …
Procedure of transfer of shares to IEPF Authority. The Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021. MCA has notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021. Under section 90 of the Companies Act …
Addition for undisclosed foreign bank account deleted as the information received in pen drive under DTAC lacked basic essentials of a bank statement. In the instant case, the assessee was aggrieved by the order of the CIT(A) confirming the addition u/s 69 of the Income Tax Act, …
Allowable Cost of construction when only first floor of house was sold as per registry to reduce the stamp duty. ITAT restored the case for fresh determination In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition made by the …
Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income deleted In the instant case, the assessee had challenged the order passed by the CIT(A) in upholding the addition made by the Assessing Officer (AO) towards the difference …
ICAI gives One-time Opportunity for CA Final Exam passed students to become member One-time Golden Opportunity for CA Final Exam passed students – Complete virtual MCS/Adv. ITT any-time any-where and become a member of ICAI In view of the Covid pandemic, the ICAI had decided to provide a …
Revised Schedule of CA Exams May 2021 to be held from 5th July 2021 to 20th July 2021 ICAI in May 2021 announced that ICAI Intermediate, Final and other CA Post Qualification exams of May 2021 to commence from Monday, 5th July 2021 The ICAI has issued revised …
ICAI to reopen online window for change of examination city – May / July 2021 ICAI in view of the prevailing COVID-19 situation and in the interest to mitigate the anxiety and hardships of the students, has decided to re –open the online change in examination city …
Excel Income Tax Challan ITNS 280 for FY 2021-22 AY 2022-23 with database facility. Download ABCAUS Income Tax payment Challan No. ITNS 280 This excel Challan ITNS 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income …
ABCAUS Excel Depreciation Calculator FY 2020-21 under Companies Act 2013 as per Schedule-II Version 05.04 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2020-21 has also been formulated and styled the same way as its …
Excel Income Tax TDS Challan ITNS-281 version 1.5.1 for AY 2022-23 with database facility Income Tax Challan ITNS 281 is used for payment of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). A PDF version of the challan with instructions can be downloaded from income …
Indian Overseas Bank Concurrent Audit Empanelment for the period 01.07.2021 to 30.06.2022. last date 11.06.2021 TERMS & CONDITIONS IOB Concurrent Audit Empanelment The following basic criteria will be adhered to in selection of audit firms for conducting concurrent audit. Submit Application for Empanelment Click Here >> Only online …
Canara Bank Online Concurrent Auditors Empanelment 2021-22. Last Date to apply online is 12.06.2021 Canara Bank Online Concurrent Auditors Empanelment 1. Canara Bank invites application from the eligible / interested Proprietary Concerns / Firms / LLP for empanelment as Concurrent Auditors for conducting Concurrent / Continuous Audit in …
SBI Concurrent Auditor Empanelment of Chartered Accountant Firms for FY 2021-22 Inter Audit Department SBI Hyderabad has invited applications for Empanelment of Chartered Accountant Firms for Concurrent Audit of State Bank of India for the Financial Year 2021-22 SBI Concurrent Auditor Empanelment of CA Firms for FY 2021-22 …
Govt. further waives IGST on import of COVID-19 medicines etc. for donation to Central/State Government, State authority, relief agency etc. MINISTRY OF FINANCE(Department of Revenue) Notification No.32/2021-Customs New Delhi, the 31st May, 2021 G.S.R. 355(E).—In exercise of the powers conferred by sub-section (1) of section 25 …
Extension of transitional provisions of Sea Cargo Manifest & Transhipment Regulations 2018. Authorised sea carrier to continue to deliver the cargo declaration in old Forms MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 50/2021-Customs (N.T.) New Delhi, the 31st May, 2021 G.S.R. 265(E).—In …
Govt. exempts integrated tax on import of Remdesivir injection, oxygen, covid-19 vaccines & related raw materials etc. by State Government MINISTRY OF FINANCE(Department of Revenue)AD HOC EXEMPTION ORDER Notification No. 4/2021-Customs New Delhi, the 3rd May, 2021 G.S.R. 316(E).—In exercise of the powers conferred by sub-section (2) of …
NFRA imposes penalty of Rs. 25 lakhs and debars CA for 7 years for professional misconduct in statutory audit of ILFS Financial Services Ltd ABCAUS Case Law Citation:ABCAUS 3338 (2020) (07) NFRA The National Financial Reporting Authority (NFRA / Authority) helds CA guilty of professional misconduct for performance …
Applications invited from Company Secretary Professionals for contractual vacancies in Investor Education and Protection Fund Authority (IEPFA) ICSI on behalf of Investor Education and Protection Fund Authority, (IEPFA) Ministry of Corporate Affairs has invited applications from Company Secretary Professionals for Five (5) contractual vacancies in Investor Education and …
Quality Review Board Report on Audit Quality Review 2018-19. Audit documentation, standards on quality control, written representations etc. key concern The Quality Review Board (QRB) has been set up by the Government of India under section 28A of the Chartered Accountants Act, 1949. The QRB publishes its …
