Council Office/Head Office of ICMAI shifted to New Delhi from Calcutta The Institute of Cost and Works Accountants of India (ICMAI) was established on 28th May, 1959 by a special act of Parliament, namely, the Cost and Works Accountants Act, 1959 as a statutory professional body for the …

RFP invited for Appointment of empanelled Chartered Accountant Firm(s) for undertaking concurrent audit of the payments of benefits to subscribers under Unified Pension Scheme (UPS) The National Pension System Trust (hereinafter referred to as ‘NPS Trust’) invites bids for appointment of empanelled Chartered Accountant Firm(s) (hereinafter referred to …

Income tax penalty can not be imposed on the HUF which was no longer in existence and dissolved upon partition In a recent judgment, Hon’ble Calcutta High Court has held that income tax penalty can not be imposed on the HUF which was no longer in existence. Even …

Validity period for receiving and utilising the foreign contribution through an application of prior permission Under the FCRA, 2010, every person having a definite cultural, economic, educational, religious or social programme may, if it is not registered with the Central Government under section 1 1(1), accept any foreign …

SEBI warns Mr. Saravana R an unregistered investment advisor at Cosmofeed platform The Securities and Exchange Board of India (SEBI) issued a warning to Saravana R, Bengaluru associated with Cosmofeed, due to his involvement in providing unauthorized investment advice through social media platforms Cosmofeed is an all-in-one platform …

Simplification of procedures related to Air Cargo Movement & Transhipment. Harmonise procedure for movement of Unit Load Devices (ULD) outside Customs Area for of high-value or perishable nature of goods in import/export A need was felt for facilitating upgradation of infrastructure and warehousing for air cargo including high …