CAG Empanelment for PSU Audits (2021-22) by CA Firms/ LLPs
Applications are invited from CA Firms/ LLPs for CAG empanelment, i.e. as Auditors of Public Sector Undertakings (PSUs), for Financial Year (FY) 2021-22.
Author: KEWAL GARG
Clauses 30C (GAAR)/ 44 (GST) of Revised 3CD further extended upto 31 March 2021: CBDT Order 10/2020
CBDT further defers the reporting requirements of revised Tax Audit Report Form 3CD, relating to Clauses 30C (GAAR)/ 44 (GST), upto 31 March 2021, in view of outbreak of …
Completion of Age of 60/ 80 for Senior/ Very Senior Citizen Status Benefit under Income Tax
As per CBDT clarification, an individual born on 1st April would complete each year of his age on 31st March, i.e. for FY 2019-20 (AY 2020-21), the date of …
CPE Hours Requirements for ICAI Members: Rolling period of 3 Years (Block 2020-2022)
ICAI's revised CPE Hours requirements for Members, based on their age, COP holding, residential status, etc. along with exemption in certain cases, applicable for the current rolling period/ block …
Revised Interest Rates for Small Saving Schemes FY 2019-20/ 2020-21 (NSC, PPF, KVP, SSAS, SCSS)
Govt. has notified the revised/ reduced interest rates for Small Saving Schemes (NSC, PPF, KVP, SSAS, SCSS, etc.) in respect of Q1 of FY 2020-21 (1 April to 30 …
Finance Act, 2020 notified by Govt. post President’s Ascent (Download pdf)
Ministry of Law & Justice, Govt. of India has notified the Finance Act 2020, which has received assent of the Hon'ble President of India, i.e. final approval for the …
EPFO recommends Reduced PF Interest Rate at 8.50% for 2019-20
Central Board of Trustees (CBT) of the EPFO has recommended to reduce/ lower the PF Interest Rate from 8.65% (for FY 2018-19) to 8.50% (for FY 2019-20) for crediting …
ICAI’s Guidance Note on Bank Audit (2020 Edition)
ICAI has issued 'Guidance Note on Bank Audits (2020 Edition)' along with illustrative formats of relevant reports, certificates, audit programme, etc. This guidance note is divided into 2 parts, …
GSTR 9/ 9A/ 9C Last Date further Extended (FY 2017-18): CBIC
CBIC notifies that last date for filing of Annual GST Return in FORM GSTR 9/ 9A and Reconciliation Statement (GST Audit Report) in FORM GSTR 9C for the financial …
Revised Duty Drawback (DBK) Rates Schedule (2020) notified by CBIC
CBIC notifies the Revised All Industry Duty Drawback (DBK) Rates Schedule (2020), applicable w.e.f. 4th February 2020, vide Notification No. 7/2020 Customs (NT) dt. 28 January 2020, in respect …