ICAI advises chartered accountants to file NFRA-2 for 2018-2019 and also for the year ending 31/03/2020 immediately to avoid penal consequences.
As per Rule 5 of NFRA Rules 2018, the auditors of specified class of companies are required to file an annual return with NFRA in the prescribed form (NFRA-2) on or before 30th November every year.
For the reporting period FY 2018-19, the Government had already allowed extension upto 4th September 2020.
Practicing Chartered Accountants have been advised to file the form NFRA-2 for the FY 2018-19 and FY 2019-20.
Recently NFRA reported that at least 1011 auditors/audit firms have not yet filed form NFRA-2 for the reporting period 2018-19.
In view of the above ICAI has advised chartered accountants to file NFRA-2 for the reporting period 2018-2019 and also for the year ending 31/03/2020, immediately, without any delay, if not filed already to avoid penal consequences.
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…