CBDT amends rules for furnishing declaration in Form 60 by person not having PAN Under clause (c) of sub section 5 of Section 139A, every person is required to quote such PAN in all documents pertaining to prescribed transactions entered into by him. Rule 114BA provides for quoting …

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 …