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Comments invited on new ICAI draft code of Ethics

GUIDE TO THE CODE(This Guide is a non-authoritative aid to using the Code.)Purpose of the CodeThis ICAI Code of Ethics is applicable from 1 April, 2019. Where guidance contained in this Code relates to engagements commencing prior to that date, previ

CBDT further extends due date for audit to 31st October

CBDT further extends due dt for filing of IT Returns & audit reports from 15th Oct,2018 to 31st Oct, 2018 for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018,after considering representations from stakeholders. Liability to pay int

ICSI celebrates 50th Foundation Day on 4th October, 2018

Dear Professional Colleagues,It seems like yesterday that the Institute of Company Secretaries of India was basking in the glory of having the Hon'ble Prime Minister of the Nation, Shri Narendra Modi Ji at the inaugural ceremony of the Golden Jub

Registration opens for Articleship training exam scheduled on Oct 21 and Dec 2, 2018

Registration for Practical Training Assessment TestsThe Council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. The students completing their 1st/ 2nd year of practical train

Filing of refund application for multiple tax period under GST enabled

ICAI letter to govt on deduction of TDS under MVAT Act under GST

ICAI/IDTC/2018-19/Rep/113rd Oct, 2018Sh. Rajiv Jalota (LAS) The Commissioner, The Maharashtra Goods and Services Tax 8th floor, Goods and Services Tax (GST) Bhavan, Mazgaon, Mumbai - 400010 Sub: Deduction of TDS under MVAT Act by Govt. Dept. even aft

Direct tax collection at 5.47 lakh crore growing at 16.7%

Direct Tax Collections for F.Y. 2018-19 up to September, 2018 (Half-yearly figures) show that gross collections are at Rs. 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last yearThe provisional figur

CBI Arrests an Income Tax Inspector in A Bribery case of Rs. 10 Lakh

The Central Bureau of Investigation has arrested an Income Tax Inspector, working in the office of Joint Commissioner, Income Tax, Range-III, Lucknow and a private person in a bribery case of Rs. 10 lakh. A case was registered U/s 7 and 7A of PC Act,

MCA notifies NFRA to come into force from October 1, 2018

Ministry of Corporate Affairs (MCA) notifies National Financial Reporting Authority (NFRA) to come into force from October 1, 2018.NFRA mandated to act as an independent regulator for the auditing profession. Refer to the Notification: MINISTRY OF CO

Key Features of new TDS Return preparation software

i. Integration of new Encryption certificate in File Validation Utilities (FVUs)- Renewed Encryption certificate with extended validity has been integrated in FVUsii. Incorporation of latest File Validation Utility (FVU) version 5.9 (applicable for T