CAclubindia News

MCA amends definition of small company

16 September 2022 at 17:23

For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid up capital and turnover of the small company shall not exceed rupees four crore and rupees forty crore respectively

Posted in Corporate Law | 6678 Views

CBDT notifies Form 52A & Rule 121A to be furnished u/s 285B for producers of cinematograph films

16 September 2022 at 08:46

Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity.

Posted in Income Tax | 3795 Views

FM Nirmala Sitharaman chairs 26th meeting of the Financial Stability and Development Council

16 September 2022 at 08:46

The 26th Meeting of the Financial Stability and Development Council (FSDC) was chaired by the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman in Mumbai

Posted in Others | 1194 Views

RBI releases Handbook of Statistics on the Indian Economy 2021-22

16 September 2022 at 08:46

Reserve Bank released its annual publication titled "Handbook of Statistics on the Indian Economy, 2021-22" (HBS).

Posted in Others | 5139 Views

ICAI extends last date for online empanelment of members to act as observers for Nov/Dec 2022 CA exams upto 20th September

16 September 2022 at 08:46

It has been decided to extend the Last date of online empanelment of members to act as observers at the examination centres for the Chartered Accountants’ Examinations, November/ December 2022, up to 20th September 2022.

Posted in Students | 6885 Views

GST collections likely to cross Rs. 1.5 lakh crore from November

15 September 2022 at 08:44

FM on Wednesday spoke about Prime Minister Narendra Modi's "special mention" of robust GST revenues as a sign of a sound economy, while the revenue department set a new target of ₹1.50 lakh crore monthly collections from November this year

Posted in GST | 1 comments | 3357 Views

Banks exempted from 10% TDS for one-time loan settlements

15 September 2022 at 08:44

TDS won't be applicable on one-time loan settlement with borrowers/waiver of loan granted on reaching settlement with the borrowers by institutions such as public financial institutions, scheduled banks

Posted in Income Tax | 1 comments | 4707 Views

FM urges GST officials to utilize technologies to identify fraudulent practices

15 September 2022 at 08:44

We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects: Nirmala Sitharaman

Posted in GST | 2580 Views

Mandatory evaluation of Audit Quality Maturity of firms using Revised AQMM Rev v1.0

14 September 2022 at 08:35

W.E.F. the 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation of their audit quality maturity using the Audit Quality Maturity Model Revised Version 1.0 (AQMM Rev v1.0)

Posted in Audit | 5991 Views