Resumption of Blocking of E-Way Bill (EWB) Generation Facility: GSTN
GSTN has issued Advisory stating that the 'Blocking of E-Way Bill (EWB) generation facility' has been resumed on the 'E Way Bill Portal'. Taxpayers who wish to continue to …
CBDT notifies Final Rules on ‘No Retrospective Taxation’ of ‘Indirect Transfer’
CBDT notifies the Income Tax (31st Amendment) Rules 2021, i.e. final Rules on 'no retrospective taxation' in line with the Amendments made by the Taxation Laws (Amendment) Act, 2021.
RBI Master Circular on Prudential Norms for Income Recognition, Asset Classification (IRAC) and Provisioning pertaining to Advances
RBI has issued Master Circular on Prudential Norms for Income Recognition, Asset Classification (IRAC) and Provisioning pertaining to Advances, which consolidates the RBI Guidelines/ Directions/ Instructions/ Revisions on the …
ICAI Extends last date for Membership/ COP fee (FY 2021-22) upto 31/12/2021
ICAI has extended the last date for payment of Annual Membership/ COP Fee for Associate/ Fellow Members, from 30/09/2021 to 31/12/2021, in respect of FY 2021-22, vide Announcement dt. …
SACRED: A Govt. Portal for Re-Employment of ‘Senior Able Citizens’
In view of the report of a technical group (LASI) that "more than 50% senior citizens are found active", Govt. has decided to develop an IT portal named 'Senior …
NFRA’s Consultation Paper on Review of Statutory Audit Requirement for MSMCs
NFRA has issued 'Consultation Paper' to review the requirement of compulsory statutory audit and compliance with auditing standards for all companies irrespective of their size and/ or public interest, …
Validity of ‘FTP’ and ‘HBP’ 2015-2020 further Extended upto 31/03/2022
Validity of the 'Foreign Trade Policy (FTP) 2015-2020' along with 'Hand Book of Procedures (HBP)' has been further extended upto 31/03/2022 by the DGFT.
CBDT Order on Admitting Settlement Applications upto 30/09/2021
CBDT has issued Order instructing Income Tax Officials to admit 'settlement applications' upto 30/09/2021 (filed after 31/01/2021) on behalf of the 'Interim Board' and treat such applications as valid …
NFRA Comments on ICAI’s Regulatory Impact Assessment (RIA) for revision of Accounting Standards
NFRA has published its comments on the Regulatory Impact Assessment (RIA) conducted by ICAI for revision of existing Accounting Standards for adherence by the micro entities which are not …
NFRA’s Financial Reporting Quality Review Report (FRQRR): KIOCL Ltd. (FY: 2019-20)
NFRA has issued a 'Financial Reporting Quality Review Report (FRQRR)' in respect of 'KIOCL Ltd.' for the FY 2019-20, wherein certain 'High Impact Non-compliances' of the Accounting Standards have …