Month: October 2023
RBI suspends BOB World mobile App from further onboarding of customers due to material deficiencies As per the press release of the Reserve Bank of India it has directed Bank of Baroda to immediately suspend any further onboarding of the customers onto the ‘bob World’ mobile application. This action …
CBDT clarifies on reporting of person making substantial contribution in Audit Report in Form 10B / 10BB for AY 2023-24. From Assessment Year 2023-24, audit report of charitable institutes is required to filed in Form 10B or Form 10BB. Audit report in the case of a fund or …
CAs to disclosure Fees-Relative size of audit client to ICAI w.e.f. 01.10.2023 Disclosure of Fees-Relative size is to be made by a Chartered Accountant to ICAI w.e.f. 01.10.2023 as per reporting requirements pertaining to Fees related disclosure under the revised requirements in Code of Ethics ICAI has made …
MCA asks stakeholders to report any malpractice/irregularity in company name reservation / incorporation The Companies (Incorporation) Rules 2014 contains the rules regarding company name reservation. According to Rule 9 an application for reservation of name shall be made online in Form SPICe+ (INC-32) which may either be approved …
CBDT exempts income of District Mineral Foundation Trust u/s 10(46) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 86/2023 New Delhi, the 4th October, 2023 S.O. 4342(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 …
Provisions of moratorium under IBC 2016 not to apply to transactions, arrangements or agreements relating to aircraft, aircraft engines, airframes and helicopters MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 3rd October, 2023 S.O. 4321(E).—WHEREAS, the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on …
e-Invoice JSON download functionality is now live on the GST Portal. Advisory: e-Invoice JSON download functionality Live on the GST e-Invoice Portal e-Invoice JSON download functionality is now live on the GST Portal. The key steps to download the generated and received e-Invoices in JSON format are as …
Procedure for deposit/exchange of ₹2000 banknotes if one misses deadline of 07.10.2023. Extension of date for deposit / exchange of ₹2000 banknotes until October 07, 2023. The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 banknotes from circulation and facility for deposit and / or …
ICAI extends last date for payment of Membership/COP fee for 2023-24 to 31.10.2023 Extension of last date for payment of ICAI Membership/COP fee for FY 2023-24 from 30.09.2023 to 31.10.2023 As per latest announcement by ICAI it has been to extend the last date for payment of Membership/ …
CBDT notifies Form 10-IFA for exercise of option u/s 115BAE by new manufacturing co-operative societies The Finance Act, 2023, w.e.f. 1-4-2024 has inserted section 115BAE to provide for tax @ 15 percent on income of certain new manufacturing co-operative societies subject to fulfillment of prescribed conditions. The assessee, …
