The RBI has extended the deadline for banks to renew locker agreements with existing customers and issued revised guidelines for safe deposit lockers and safe custody article facilities offered …
The ICAI has published a Guide on Withholding Taxes (TDS) on Payments to Non-Residents under Section 195 of the Income Tax Act, 1961, and Forms 15CA and 15CB to …
The ICAI has released a “Technical Guide on Digital Assurance” to provide guidance to members on the use of technology in audits (January 2023 Edition). The ICAI came to …
ICAI has published the final set of its "Social Audit Standards (SASs)" along with the framework. Social Auditors are required to follow these 16 SASs from January 14, 2023.
CBIC has issued various clarifications regarding GST rates and the classification of certain goods, including the following key issues, in GST Circular 189/01/2023: 1. No GST will be levied …
The CBIC has clarified the issues concerning the applicability of GST to certain services, such as Air Force Mess accommodations and MeitY incentives to acquiring banks for RuPay Debit …
The Institute of Chartered Accountants of India (ICAI) has released an exposure draft of the “Guidance Note on Audit of Public Charitable Institutions u/s 12A of the Income Tax …
CBDT has abolished the limit of interest income exceeding Rs 5,000 for the purpose of SFT reporting, vide Notification 1/2023, w.e.f. 05/01/2023. Now the information in SFT is required …
CBDT has further extended/relaxed the compliance deadline for claiming exemption under sections 54 to 54GB of the Income Tax Act, 1961, in light of the hardship experienced by taxpayers …
CBIC notifies that residential premises rented to registered persons will be exempt from GST liability beginning January 1, 2023, provided the dwelling unit is rented to a registered person …