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Direct Tax Vivad Se Vishwas Scheme, 2024 to come into force from 1st October, 2024 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 103/2024 New Delhi, the 19th September, 2024 S.O. 4016(E).—In exercise of the powers conferred by sub-section (2) of section 88 …
Punjab National Bank has invited applications from firms of Chartered Accountants / Cost Accountants and individual CAs/Cost Accountants for empanelment as Stock & Receivable Auditors. PNB empanelment of stock and receivable auditors. will be based on merits and the bank reserves the right to reject any application without …
NFRA proposes revision to Standards of Auditing (SA) 600 to allow review of component / branch auditors work The SA 600 issued by ICAI titled as using the work of another auditor is sought to be revised by NFRA by introducing SA 600 (Revised), Special Considerations—Audits of Group …
CBDT approves Auroville Foundation as ‘Other Institution’ for research in social science or statistical research u/s 35(1)(iii) MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No.102/2024 New Delhi, the 18th September, 2024 S.O. 3961(E).—In exercise of the powers conferred by clause (iii) of sub-section …
Order u/s 148A(d) mentioning sale proceeds as income chargeable to tax quashed. Sale proceeds is not income chargeable to tax. SC declines to interfere with HC order. In a recent order, Hon’ble Supreme Court has declined to interfere with the order of Hon’ble Madhya Pradesh High Court quashing …
SEBI enabled T+2 trading of Bonus shares where T is the record date SEBI has decided to enable T+2 trading of Bonus shares where T is the record date. This would reduce the time taken for credit of bonus shares and trading of such shares, from the record date …
SC declines to interfere with HC order seeking intervention of PM office for action against Income Tax officials In a recent order, Hon’ble Supreme Court has declined to interfere with Hon’ble Bombay High Court judgment seeking intervention of PM office to take action against Income Tax officials for …
PCIT approval for reopening was without application of mind as despite response it said no reply was submitted by the assesse u/s 148A(b) of the Act In a recent judgment, Hon’ble Allahabad High Court has quashed order u/s 148A(d) and notice issued u/s 148 observing that PCIT approval …
PCIT approval for re-opening only by putting signing was without application of mind -SC dismissed SLP PCIT approval for re-opening only by signing was without application of mind –Supreme Court dismisses SLP of the Income Tax Department In a recent judgment, Hon’ble Supreme Court has dismissed the …
National Payments Corporation of India (NPCI) has increased the UPI per transaction limit to Rs. 5 lakhs for tax payments with effect from 15th September 2024 UPI per transactions limit has been increased to Rs. 5 lakhs for tax payments. Earlier, in 2021. NPCI w.e.f. 14th December 2021 …
