ICAI has issued an Implementation Guide to Standard on Auditing (SA) 580 – Written Representations. The Implementation Guide provide practical guidance on implementation of the Standard on Auditing (SA) 580 “Written Representations”. The Standard is effective for audits of financial statements for periods beginning on or after April …
The Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023. Ministry of Finance has amended the the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. The meaning of Non-profit organization has been amended to means any entity or organisation, constituted for religious or charitable purposes referred to in …
Revised Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks from Financial year 2022-2023 and onwards. RBI has revised Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks and norms on Business Coverage under Statutory Branch Audit of Public Sector …
GSTN launches e-invoice registration services with private IRPs GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation of the GST Council. Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empaneled by GSTN for providing these e-invoice registration services to …
Accepting rental income from commercial complex as business income instead of house property was erroneous and prejudicial to the interest of Revenue- ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3684 (2023) (03) ITAT In the instant case, the assessee had challenged the revisionary order passed by the PCIT u/s …
ITAT slams appellant in filing multiple appeals as abuse of process of Court, against the principles of Res Judicata and principles of Constructive Res Judicata ABCAUS Neutral Case Law Citation:ABCAUS 3683 (2023) (03) ITAT Important Case Laws relied upon by parties:Devilal Modi vs. Sales Tax Officer AIR 1965 …
