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ICAI Advisory to follow the ICAI Valuation Standards 2018 while conducting any type of Valuation Engagement to ensure uniformity and transparency The Institute of Chartered Accountants of India (ICAI) has issued ten Valuation Standards 2018 to promote best practices in this niche area of practice and ensure the consistent, …
ICSI issues Guidance Notes on its Auditing Standards CSAS-1, CSAS-2, CSAS-3 and CSAS-4 ICSI has issued Guidance Notes on its Accounting Standards to equip the Company Secretaries while conducting audits and and to bring uniformity in the professional work. ICSI Guidance Notes on Auditing Standards Earlier the ICSI …
Provisions regarding Independent Directors appointment further relaxed by MCA Further relaxations by the Ministry of Corporate Affairs till 1st December 2021 for inclusion of the name of Independent Directors in the Independent Directors Data Bank. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th December, 2020 G.S.R. 774(E).—In …
Ignore prompt on liability for inward supplies attracting reverse charge in Table-3.1 (d) – GSTN Advisory GSTN has issued an advisory stating that taxpayers should ignore prompt on liability for inward supplies attracting reverse charge in Table-3.1 (d) Ignore prompt on liability for inward supplies attracting reverse charge …
Mandatory validation of UDIN in Income Tax Forms / Reports. One-time relaxation by CBDT Mandatory validation of UDIN in all Income Tax Forms ICAI Announcement CBDT is validating Unique Document Identification Number (UDIN) generated from ICAI portal while uploading of Tax Audit and other Income Tax Reports as …
Companies (Compromises, Arrangements & Amalgamations) 2nd Amendment Rules 2020 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 17th December, 2020 G.S.R. 773(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with sections 230 to 233 and sections 235 …
CARO 2020 applicability further extended to FY 2021-22 onward due to Covid-19. Read MCA Order MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 17th December, 2020 S.O. 4588(E).—In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013), the …
Depository Receipts can be issued to NRIs holders in terms of SEBI employee benefit scheme Securities and Exchange Board of India CIRCULARSEBI/HO/MRD2/DCAP/CIR/P/2020/243 December 18, 2020 To,1. All recognized Stock Exchanges2. All Listed Companies through recognized Stock Exchanges 3. All recognized Depositories 4. All recognized Custodians Dear Sir / …
Special measures to facilitate MSME for AEO T1 & T2 accreditation Circular No. 54/2020-Customs F. No. D-20/DlC/NCTF(NTFAP)/29/2017Government of India Ministry of Finance Department of RevenueCentral Board of Indirect Taxation & CustomsDirectorate of International Customs New Delhi, dated the 15°’ December, 2020 All Pr. Chief/Chief Commissioners of Customs/Prev./Central Tax,All …
CBEC issues Clarifications on Custom Faceless Assessment on the Issues raised by Stakeholders Circular No.55/2020-Customs F. No. 450/26/2019-Cus. IV(Pt)Government of IndiaMinistry of FinanceDepartment of Revenue (Central Board of Indirect Taxes & Customs)***** Room No. 227B, North BlockNew Delhi, dated the 17th of December, 2020 To,All Principal Chief …
