To further raise the calibre of the audit profession, the National Financial Reporting Authority (NFRA) has released its audit quality inspection guidelines, for adherence by the Inspection teams. The …
In accordance with the plans to mandate the peer review process in a phased manner, the ICAI has mandated Phase I (beginning on April 1, 2022) and Phase II …
The ICAI has hosted MEF for FY 2022–23 on the MEFICAI website. CA Firms interested in requesting a Bank/Branch Audit assignment can submit their MEF 2022–23 online. Last date …
Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, approved India’s first sovereign “Green Bond” framework. This approval will strengthen the Paris Agreement’s NDC targets and attract foreign …
The CBDT has put out Explanatory Notes to the provisions of the Finance Act, 2022, mostly to explain the changes and new rules about income tax (see Circular 23/2022). …
The Central Board of Direct Taxes (CBDT) has published/ notified an exposure draft of the proposed Common Income Tax Return (ITR) Form, likely to be applicable from AY 2023-24, …
NFRA has issued a Circular/ Advisory against Companies not accruing the Interest Liability on NPA Borrowings in violation of the IND AS 109. During a disciplinary proceeding u/s 132(4) …
The CBDT has extended the last date for submitting the TDS Return/ Statement in Revised/ Updated Form 26Q, relating to non-salary deductions of tax at source, for the second …
The CBDT has notified that the due date for filing Income Tax Return (ITR) u/s 139(1) for Assessment Year (AY) 2022-23 has been extended from 31/10/2022 to 07/11/2022 for …
The ICAI has released the Guidance Note (2022) on Transfer Pricing Reports under Section 92E of the Income-Tax Act of 1961, which integrates amendments made by the Finance Act …