Companies to take back-up of books of account etc. on daily basis. MCA tightens rule related to maintenance of Books of Account in Electronic Mode MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th August, 2022 G.S.R. 624(E).—In exercise of the powers conferred under sub-sections (1) and (3) …

ICAI notifies dates of November 2022 of CA Intermediate and Final Examinations along with Examinations in Post Qualification Courses  The Institute of Chartered Accountants of India (ICAI) has notified the dates and places of next Chartered Accountants Examination of Intermediate and Final along with Examinations in Post Qualification …

No service tax levy on Composite Works Contracts prior to the introduction of the Finance Act 2007 – Supreme Court ABCAUS Case Law Citation ABCAUS 3606 (2022) (08) ICAI Important Case Laws involvedG. D. Builders Vs. Union of India, (2013) 32 STR 673 (Delhi)Commissioner, Central Excise and Customs, …

Rule 17AA Books of account and other documents to be kept and maintained by Charitable Trusts/other Institution – CBDT Notification Section 12A related to eligibility of charitable trusts and/or Institutions has been amended. Clause (b) of sub-section (1) of section 12A by the Finance Act, 2022 had been …

Once dispute settled and complainant not interested in pursuing case, ICAI was not justified holding CA guilty of professional misconduct – Supreme Court dismisses SLP of ICAI ABCAUS Case Law Citation ABCAUS 3605 (2022) (08) ICAI A complaint was filed before ICAI by a Chartered Accountant against another …

CBDT prescribes conditions/records for Covid-19 related relief to employees u/s 17(2) and in Transfer of Immovable Properties u/s 56(2)(x) Section 56(2)(x) of the Income Tax Act 1961 provides for deemed sale consideration of an immovable property in the hands of the purchaser/buyer. According to the section, the difference …