ICAI has proposed to empanel members to act as Observers for the forthcoming DECEMBER – 2021 Chartered Accountants Examinations. A member who fulfills the eligibility criteria, desirous of empanelling himself/herself for the assignment, may do so, online at http://observers.icaiexam.icai.org. For Eligibility Criteria and detailed Announcement click here:https://bit.ly/3igKzCI
Read moreDue Date for Holding of AGMs by the Companies – Extended
In view of difficulties faced due to second wave of Covid-19 and consequent Lockdown etc., MCA has extended the Due Date for Holding AGMs of the companies by 2 months from the due date by which the AGM ought to have been held for the Financial Year 2020-21 ending on 31/03/2021. Extension granted is also…
Read moreUDIN: Time Limit for generation enhanced from 15 to 60 days
ICAI has enhanced the time limit for generating UDIN to 60days from the date of the signing of certificates/ reports/ documents instead of 15days, with an aim to align the time limit for generating UDIN with the Standard on Auditing (SA) – 230 on Audit Documentation and Standard on Quality Control (SQC 1). For more…
Read moreComparative Analysis of Section 194Q and Section 206C(1H)
Income Tax – Extension of Time Limits
In view of difficulties reported by the taxpayers and other stakeholders in electronic filing of Income-tax returns and various Reports of Audit, CBDT has extended time limits of certain compliances under Income Tax. Some of the important points are highlighted here: 1. Return of Income of Regular Assessees for the Assessment Year 2021-22 The due date of furnishing…
Read moreApplication Form to Vote By Post – Chartered Accountants Election
Application Form for permission to Vote By Post For A Member Eligible To Vote at a Polling Booth In India But Currently Abroad hosted by ICAI. Eligibility:For those Members Eligible to Vote at a Polling Booth in India but Currently Abroad. Mode of sending Application:The Application Can be sent from Registered e-mail id of the…
Read moreChartered Accountants Election – Extending postal voting facility
ICAI has extended Postal Voting Facility to Members who are entitled to vote by poll in India but have gone abroad and unable to return India due to Covid-19 Restrictions on or before the date of polling It has been decided to allow such members to vote by post subject to compliance with, inter alia,…
Read moreGST – Extension of Various Time Limits
1. Extension of Filing of FORM GSTR 3B/ GSTR 1/ IFF by companies using Electronic Verification Code (EVC) CBIC notifies the Central Goods and Service Tax (Seventh Amendment) Rules 2021 to further extend Filing of FORM GSTR 3B/ GSTR 1/ IFF by companies using Electronic Verification Code (EVC), instead of Digital Signature Certificate (DSC) to…
Read moreIncome Tax – Extension of time limits for electronic filing of various forms
In view of difficulties arising due to technical glitches in the Income Tax e-filing portal, CBDT has extended time limits for electronic filing of various Forms under Income Tax. 1. Furnishing of Form No. 10A The application for registration / intimation / approval under Section 10(23C), 12A, 35(1)(ii)/(iia)/(iii) or 80G of the Act in Form No. 10A required to…
Read moreChartered Accountants Election Rule Amended
Central Government has amended the rules of Chartered Accountants (Election to the Council) Rules, 2006. Some of the important amendments highlighted here. Option to Change Polling Booth in Same Region A member, whose name is borne on the Register on the 1st day of April of the financial year in which the election to the…
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