Paperless Union Budget 2022-23 to be presented on 01/02/2022
Union Budget of India for 2022-23 is to be presented in Paperless form by the Hon’ble Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman in the Parliament on …
Category: Updates
Presidential Awards to 29 CBIC Officials on Republic Day 2022
Government has announced to honor 29 CBIC Officials with the ‘Presidential Award of Appreciation Certificates and Medals’ for their exceptionally meritorious services rendered at life risk, distinguished record of …
ICAI’s Guidance Note on Ind AS Compliance by Companies/ NBFCs (Divisions I, II & III of Schedule III to CA 2013)
ICAI has issued updated (2022 Edition) of the Guidance Notes on Ind AS Compliance by ‘Non Ind AS Companies’ (Division I), ‘Ind AS Companies’ (Division II) and ‘NBFCs’ (Division …
CBDT Guidelines on Income Tax Exemption for ULIP Receipts u/s 10(10D)
CBDT clarifies that any sum received including by way of bonus during the current previous year under any one or more eligible Unit Linked Insurance Policy (ULIPs) issued on …
Securities Transaction Tax (1st Amendment), Rules, 2022
CBDT has notified the ‘Securities Transaction Tax (1st Amendment), Rules, 2022‘ to insert new STT Rule 5A on ‘Person responsible for collection and payment of STT in the case …
New IT Rule 8AD on Computation of Capital Gains from ULIPs u/s 45(1B)
CBDT has notified the Income tax (2nd Amendment) Rules, 2022 to insert new IT Rule 8AD on ‘Computation of Capital Gains from ULIPs u/s 45(1B)‘, in respect of insurance policy receipts on …
CBDT notifies the ‘e Advance Rulings Scheme 2022’, as part of ‘Faceless Schemes’
CBDT has taken yet another initiative under the ‘faceless schemes’ and has notified the ‘e Advance Rulings Scheme 2022’, applicable w.e.f. 18/01/2022. Accordingly, CBDT has prescribed procedures for submission, …
ICAI’s Implementation Guides on various ‘Auditing Standards (SAs)’
ICAI has come out with the Implementation Guides on various ‘Standard on Auditing (SAs)’ for the guidance and help of the auditors/ Members, including on Auditing Standards, SA-560: Subsequent …
MEF 2021-22: Draft Bank/ Branch Auditor’s Panel of CA Firms
Draft Bank Branch Auditors’ Panel (MEF 2021-22) of CA Firms has been hosted at MEFICAI website for any complaints upto 22/01/2022, after which the final panel will be sent …
ICAI Extends CPE Hours Compliance (2021) Deadline upto 28/02/2022
ICAI has announced to extend the deadline of Mandatory CPE Hours Compliance for the calendar year 2021, from 31/12/2021 to 28/02/2022, vide Announcement dt. 15/01/2022. ICAI Announcement dt. 15/01/2022 …