Concurrent Audit SBI

SBI invited application for Chartered Accountant Firms for empanelment as Concurrent Auditors in the Bank branches / outfits.  Application for Empanelment of Chartered Accountant Firms for Concurrent Audit” should reach the respective Circle Audit Office on or before 29.05.2021 by 5.00 P.M.  Please find the link https://bank.sbi/webfiles/uploads/files_2122/17052021_ENGAGEMENT%20OF%20CHARTERED%20ACCOUNTANT%20FIRMS%20AS%20CONCURRENT%20AUDITORS%20IN%20SBI%202021-22.pdf

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Income Tax – Extension of time limits

In view of difficulties arising due to resurgence of Covid-19, CBDT has extended time limits of certain compliances under Income Tax. 1. Return of Income for the Assessment Year 2021-22 The due date of furnishing of Return of Income of Regular Assessee for the Assessment Year  2021-22 has extended to 30th September 2021(previously 31st July 2021). 2….

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Companies Act – Relaxation by MCA

In view of difficulties arising due to resurgence of Covid-19, MCA has decided to grant relaxations on the following matters: 1. Relaxation of Levy of Additional Fee in Filing Certain forms under the Companies Act, 2013. For the General Circular, click here : http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo6_03052021.pdf 2. Relaxation of time for filing forms related to creation or modification of…

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Final and Intermediate Chartered Accountants Examinations Postponed.

In view of the ongoing COVID-19 pandemic and in the interest of welfare & well – being of students and to mitigate their hardships, it has been decided by ICAI to postpone the Final and Intermediate Chartered Accountants Examinations which are scheduled to commence from 21st (Final) / 22nd (Intermediate) May, 2021 across the globe….

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Guidance Note on Audit of Banks – 2021

Auditing and Assurance Standards Board of ICAI has brought out the revised edition of Guidance Note on Audit of Banks 2021. For the complete Guidance Note on Audit of Banks (2021 Edition), click on the following link: ICAI – The Institute of Chartered Accountants of India

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Technical Guide on Revised Long Form Audit Report (LFAR) 2021

Auditing and Assurance Standards Board of ICAI has brought out the Technical Guide on Revised Long Form Audit Report (LFAR) – 2021 . For the Technical Guide on Revised Long Form Audit Report (LFAR) – 2021, click on the following link: ICAIhttps://resource.cdn.icai.org/63901aasb-tg-lfar.pdf

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Due Date of Filing Form DPT-3 Extended

The Ministry of Corporate Affairs (MCA) has further amended Companies (Acceptance of Deposits) Rules, 2014. As per the MCA Notification dated 30th April, 2019, the due date of Filing Form DPT-3 has been extended upto 90 days from 31st March, 2019. Further it is also clarified that data on deposits should be filed upto 31st…

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e-Form INC 22A (ACTIVE) – Due date Extended to 15th June 2019 without Filing Fee

Ministry of Corporate Affairs has extended due date for filing e-FORM INC 22A (ACTIVE) without filing fee from 25th April 2019 to 15th June 2019. Filing of the form beyond 15th June 2019 will attract a late fee of Rs 10,000 For the Notification, Click on the following link: http://www.mca.gov.in/Ministry/pdf/CompaniesRegistrationOfficesFeesRule_25042019.pdf

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Filing form DIR-3 KYC New Fee Structure w.e.f 21st September 2018

As you are aware the last date for filing form DIR-3 KYC without fee has expired on 15th September 2018. The process of deactivating the non-compliant DINs has since been completed and their status has been updated as ‘Deactivated due to non-filing of DIR-3 KYC’. However, the non-compliant DIN holders may file DIR-3 KYC with…

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