Category: Updates
Ministry of Law and Justice, Govt of India has notified the Finance Act, 2024 on 15th February 2024, after approval of the Hon'ble President of India.
ICAI has released revised/updated 'Guidance Note on Bank Audits (2024 Edition)' for helping members in conducting the bank/branch audits for the financial year 2023-24.
CBDT has issued Order dated 13/02/2024 regarding remission of tax demands of Rs 25,000 up to Ay 2010-11 and Rs 10,000 for AY 2011-12 to 2015-16.
The Central Board of Trustees (CBT) of EPFO has recommended an increased EPF interest rate of 8.25% for financial year 2023-24, marginally higher than 8.15% for 2022-23.
MCA has announced to relax the additional fees and has extended the last date for filing of LLP Forms BEN-2 and 4D up to 15/05/2024, vide General Circular 1/2024.
ICAI has released updated/revised (2024) edition of certain Standards on Auditing relating to Specialized Areas, i.e. SA 800, 805 & 810, on 7th February 2024.
Summary of the direct and indirect tax proposals made in the Budget 2024-25 (Finance Bill 2024) presented by Smt Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs.
CBDT has notified the revised Income-tax Return Forms ITR-2, 3 and 5 for the AY 2024-25 and has amended Rule 12 from 01/04/2024, vide Notification 19/2024.
CBDT has notified revised Income-tax Return Form ITR-6, under Section 139 of the Income Tax Act, 1961, applicable for the AY 2024-25, vide Notification 16/2024 effective from 01/04/2024.
GSTN has issued advisory for registered taxpayers regarding mandatory requirement of furnishing of bank account details within 30 days of registration.