Cyber Security in Financial Sector: Insights from DFS Meeting
The DFS Secretary chaired a meeting with banks, fintechs, and agencies to discuss the rising cyber threats and online frauds in the financial sector. Key action points identified.
Author: Kewal Garg
Discard Original ITR: Eligibility, Process and Implications Explained
The income tax department now allows taxpayers to discard original unverified returns under Section 139. Understand eligibility, process, implications and key aspects about using the new discard return facility.
ICAI’s First Global Professional Accountants Convention in Gujarat
ICAI hosted its first GloPAC in Gujarat with 4500+ national and international delegates. Key highlights include inauguration by Vice President, MoUs with GIFT City & IFSCA and sessions on …
SEBI Board Approves Major Policy Changes to Boost Investor Confidence and Market Growth
SEBI Board in its latest meeting approved progressive reforms including easing norms for social enterprises fundraising on SSE, new regulations for index providers, framework for small REITs and amendments …
DGFT Empowering Indian MSMEs to Export Globally via E-Commerce Platforms
DGFT partners with Amazon, Flipkart and other e-commerce majors to provide training and support to MSMEs across India under the ‘Districts as Export Hubs’ initiative, helping them leverage online …
ICAI Issues Exposure Drafts on Standards for LLP Auditing
The ICAI has released exposure drafts of 35 Standards on Auditing to make them applicable for limited liability partnership audits in India, similar to company audits.
CGST Delhi East Busts 48 Fake Firms in Rs 199 Crore GST Fraud
In a major GST fraud bust named Operation Clean Sweep, CGST Delhi East officials uncovered a network of 48 fake firms involved in circular trading of Rs 199 crores …
Gearing Up for India’s Premier Accounting Event (GloPAC) 2023
As the ICAI hosts its annual Global Professional Accountants Convention (GloPAC), explore the 3-day agenda spanning technology, regulations, ethics and beyond.
Monitoring Auditing Standards Compliance: ICAI’s New Review Tool
ICAI has introduced a comprehensive Review & Monitoring Tool with checklists and dashboards to aid audit firms in adhering to Standards on Auditing Compliance.
Simplify Engagement Letter Creation with ICAI’s New Utility
ICAI has introduced an Engagement Letter Utility to simplify and standardize the process of creating customized engagement letters for tax, statutory, and other assurance audits.