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ICAI Convocation 2022 to be held on 6th October

   20 September 2022 at 08:35

The next ICAI Convocation will be held on 6th October 2022 at following Cities, for Members who are enrolled during the period from 1st September 2021 to 30th April 2022.

Posted in Professional Resource |   11007 Views


DRI and Customs seize 10,230 kg red sandalwood worth Rs 6 crore from Haryana

   20 September 2022 at 08:35

DRI and Customs seize 10,230 kg of Red Sanders (Red Sandalwood), with estimated worth of Rs 6 crore, at ICD Palwal, Haryana

Posted in Custom |   2637 Views


ICAI releases Exposure Draft of AS 113

   20 September 2022 at 08:35

Exposure Draft of revised AS 113, Fair Value Measurement has been issued by the ASB for comments with the last date being October 18, 2022

Posted in Accounts |   5943 Views


Gross Direct tax collection grows 30% to Rs 8.36 lakh crore in FY 2022-23

   19 September 2022 at 08:28

The Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2022-23 stands at Rs. 8,36,225 crore compared to Rs. 6,42,287 crore

Posted in Income Tax  1 comments |   2760 Views


CBDT issues revised guidelines for compounding of offences under IT Act 1961

   18 September 2022 at 07:36

CBDT has taken steps and issued revised Guidelines for Compounding of offences under the Income-tax Act, 1961(the 'Act') dated 16.09.2022

Posted in Income Tax |   4275 Views


CBIC develops system for online monitoring of GST audits

   17 September 2022 at 07:29

Central Board of Indirect Taxes and Customs (CBIC) has developed a system for online monitoring of GST audits initiated by tax officials across the country for effective oversight of the audit process.  

Posted in GST |   6333 Views


FM Nirmala Sitharaman exhorts banks to plan for next 25 years

   17 September 2022 at 07:29

Banking sector has to make a big contribution to making India a developed nation by 2047: Union Finance Minister Smt. Nirmala Sitharaman at 75th AGM of Indian Banks' Association

Posted in Others |   1854 Views


MCA revises threshold for paid up capital of small companies

   17 September 2022 at 07:29

Latest revision to facilitate Ease of Doing Business further and reduce compliance burden on "small companies"

Posted in Corporate Law |   3675 Views


MCA amends definition of small company

   16 September 2022 at 17:23

For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid up capital and turnover of the small company shall not exceed rupees four crore and rupees forty crore respectively

Posted in Corporate Law |   6528 Views


CBDT notifies Form 52A & Rule 121A to be furnished u/s 285B for producers of cinematograph films

   16 September 2022 at 08:46

Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity.

Posted in Income Tax |   3723 Views



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