Month: September 2021
Know all about Account Aggregator Network- FAQs on Account Aggregator Network , a financial data-sharing system Last week India unveiled the Account Aggregator (AA) network, a financial data-sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and …
Income Tax e-Filing portal – Technical issues are progressively addressed and there has been a positive trend in the statistics of filings on the portal. The e-Filing portal of the Income Tax Department was launched on 7th June, 2021. Taxpayers and professionals have reported glitches and difficulties in …
SEBI Listing Obligations & Disclosure Requirements 5th Amendment Regulations 2021 SEBI has amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by notifying the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021. The Amendments come …
MoU signed between ICAI & The Chamber of Auditors of the Republic of Azerbaijan (CAAR) Cabinet approves Memorandum of Understanding between The Institute of Chartered Accountants of India (ICAI) and The Chamber of Auditors of the Republic of Azerbaijan (CAAR) The Union Cabinet has approved the for signing …
Eligibility to appear in Old/New scheme in November, 2021 CA examination – ICAI Announcement As per ICAI Announcement, students converted from earlier scheme to revised scheme from July 21, 2021 to August 20, 2021 allowed to appear in Old/ New scheme in November, 2021 examination The ICAI vide …
SEBI mandates certification for principal officer/employees of Portfolio Managers having decision making authority related to fund management As per the notification No. SEBI/LAD-NRO/GN/2021/49 issued the following is prescribed: Certification requirement for Portfolio Managers 1. The associated persons functioning as principal officer of a Portfolio Manager or employee(s) of …
ICAI notifies three members panel for scrutiny of nominations for forthcoming Elections in December 2021 The Institute of Chartered Accountants of India (ICAI) has notified the Panel for the scrutiny of nominations for elections to its Twenty Fifth Council and Twenty Fourth Regional Councils to be held in …
 Clarification on extension of time limit to apply for revocation of cancellation of GST registration  CBIC has issued Circular No. 158/14/2021-GST dated 06.09.2021 giving clarification on extension of time limit to apply for revocation of cancellation of GST registration in view of Notification No. 34/2021-Central Tax …
Deemed authentication under EVC under Faceless Assessment-CBDT Notification. Submission of an electronic record by logging into registered account in income tax efiling portal to be deemed authentication under EVC under Faceless Assessment. Manner of authentication of an electronic record under electronic verification code under Faceless Assessment Under sub-clause …
CBDT prescribes One more exception to Faceless Assessment u/s 144B for technical reasons or non PAN cases The Central Board of Direct Taxes (CBDT) vide order No. 119 (F. No.187/3/2020-ITA-I) dated 31st March, 2021, in order to ensure that all the assessment orders are passed through the Faceless Assessment …
