The CBDT has given a last opportunity to taxpayers to verifiy/e-verify ITRs filed for AY 2020-21 and last date for the same is 28th February 2022.
Read moreGST – E invoicing Limit Reduced to 20 crore w.e.f. 01-04-2022
The Central board of Indirect Taxes and Customs vide notification No 01/2022 dated 24-02-2022 has reduced the threshold limit of E invoicing to Rs. 20 Crore. [Earlier 50 Crore] w.e.f. 01-04-2022. It is mandatory to issue E Invoice for registered person having aggregate turnover above ₹ 20 crores with effect from 1st April 2022. For…
Read moreFAQ on UDIN – Revised 2022
The Institute of Chartered Accountants of India has published Revised Edition of FAQ on Unique Document Identification Number (UDIN) in January 2022. For the Revised Edition of FAQ on UDIN, Click below:-
Read moreAOC-4 & MGT-7/7A – Relaxation on Levy of Additional Fees Extended
The Ministry of Corporate Affairs has made relaxation on levy of additional fees up to 15-03-2022 (Earlier 15-02-2022) in the filing of following e-forms for the financial year ended on 31-03-2021: AOC-4 2. AOC-4 (CFS) 3. AOC-4 XBRL 4. AOC-4 Non-XBRL and Relaxation on levy of additional fees up…
Read moreGuidance Note on Audit of Banks – 2022 Edition
Auditing and Assurance Standards Board of ICAI has brought out the revised edition of Guidance Note on Audit of Banks 2022. For the complete Guidance Note on Audit of Banks (2022 Edition), click on the following link:https://www.icai.org/post/guidance-note-on-audit-of-banks-2022-edition
Read moreFinance Bill 2022
Hon’ble Union Finance Minister Smt. Nirmala Sitharaman introduced the Finance Bill 2022 in Parliament on 01st February 2022. For the Finance Bill 2022, Click on the link Below
Read moreKey Highlights – Union Budget 2022
CA. SONY C. L. B.Sc.,LL.B.,FCA,DISA,DITL (ICAI)
Union Finance Minister Nirmala Sitharaman introduced the Finance Bill 2022 in Parliament on 01st February 2022. The Following are the Key Highlights of Union Budget
Read moreEconomic Survey 2021-22
The Economic Survey was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman on 31st January 2022. For the Detailed Report, Click Herehttps://www.indiabudget.gov.in/economicsurvey/
Read moreGuidance Note on schedule III to the Companies Act, 2013 (Revised Edition)
The Ministry of Corporate Affairs (MCA) has recently revised the Schedule III to the Companies Act, 2013 vide notification dated 24th March 2021 by introducing additional disclosure requirements in the financial statements to improve governance. To provide guidance in view of the significant amendments made in Schedule III to the Companies Act, 2013, ICAI has brought…
Read moreUDIN Updates
Last Date of updation of UDINs at e-filing Portal The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 30th April, 2022. For the Announcement, Click Here: https://www.icai.org/post/last-date-of-updation-of-udins-at-e-filing-portal-300422 2. FRN will be compulsory field for UDIN Generation Firm Registration Number (FRN) will be a compulsory…
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