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ICAI Permits Members to ‘Hold COP’ and Work as ‘Insolvency Professional’

The ICAI has announced that Members holding COP and CA Firms/ Companies (where he/she is a partner/ director) can provide services as “Insolvency Professional” (as part of “Management Consultancy …
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Revised Procedure for Submission of Form 15G/ 15H along with CBDT Clarifications

CBDT has simplified/revised the procedure for e-filing of Form 15G/ 15H (declaration forms for no TDS) and clarified the due dates for quarterly submission by payer and annual submission …
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Add/ Register Representative at E-Filing Portal: User Manual by Income Tax Deptt.

The Income Tax Deptt. has issued User Manual explaining the procedure to be followed for utilising the new functionality “Add/Register as Representative” recently enabled on it’s e-Filing portal. The …
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ICAI’s Clarification and Guidance Note on Audit of Consolidated Financial Statements (Revised 2016)

ICAI’s Guidance Note on Audit of Consolidated Financial Statements (Revised 2016 Edition) relating to procedures for preparation and presentation of consolidated financial statements under AS/ Ind AS, has been …
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EPFO Amends Para 68J/ 68N of EPF Scheme; Advances on Self Declaration Basis

EPFO Amends Para 68J/ 68N of EPF Scheme and the subscribers can accordingly avail Advances on Self Declaration Basis.
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PF Members can withdraw 90% balance for Purchase/ Construction of House: EPFO

Govt. had announced modification in the Employees’ Provident Funds (EPF) Scheme, 1952 to enable members to withdraw upto 90% from the Fund for purchase or construction of dwelling house/ …
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GST (Compensation to States Act) 2017 notified by Govt.

Goods and Services Tax (Compensation to States Act) 2017 has been notified by the Govt. which is an Act meant for providing compensation to the States for the loss of …
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Companies (Registration of Charges) Rules, 2017 notified by MCA

The Ministry of Corporate Affairs (MCA) has notified the Companies (Registration of Charges) Rules, 2017 and has amended/ modified/ revised the formats of Form Nos. CHG-1, CHG-4 and CHG-9, as …
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Revised Due Dates for Quarterly TDS/ TCS Returns, as notified by CBDT

CBDT has notified the Revised Quarterly TDS Return Due Dates, applicable w.e.f. 01/06/2016 (from Financial Year 2016-17). However, there is no change in due dates for filing of Quarterly …
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Applicability Date for Revised SA 700, SA 705, SA 706: ICAI Clarification

ICAI has reviewed the members’ concerns and has announced that the effective date of certain Standards on Auditing, i.e. Revised SA 700, SA 701, Revised SA 705 and Revised …
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