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Personal Income Tax (PIT) to GDP ratio has been steadily to 2.94 % in F.Y. 2021-22.

By | May 9, 2023

Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes Posted On: 25 APR 2023 5:50PM by PIB Delhi Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review meeting with Central Board of Direct Taxes (CBDT), here today. The review meeting was attended by the… Read More »

Transactions by CA, CS and Cost Accountants for client covered under PMLA Notification dated 03.05.2023

By | May 4, 2023

Transactions by CA CS and Cost Accountants for client covered under PMLA Notification dated 03.05.2023 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd May, 2023 S.O. 2036(E).—In exercise of the powers conferred by sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15… Read More »

Release of Compendium of Ind AS (as on April 01, 2023) and related Guidance Material (e-version)

By | April 27, 2023

Release of Compendium of Ind AS (as on April 01, 2023) and related Guidance Material (e-version) We are pleased to share that the Accounting Standards Board (ASB) of ICAI has released Compendium of Indian Accounting Standards (Ind AS) (as on April 01, 2023) along with e-version of related guidance material on the occasion of Accounting Standards Day… Read More »

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023ike-off application shall now be made to ‘Centre for Processing Accelerated Corporate Exit’: MCA

By | April 19, 2023

Companies Strike-off application shall now be made to ‘Centre for Processing Accelerated Corporate Exit’: MCA The MCA has notified the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023. As per the amended norms, now an application for the removal of a company’s name must be made to the ‘Centre… Read More »

CII index for FY 2023-24 is 348

By | April 11, 2023

CII index for FY 2023-24 is 348 The Central Board of Direct Taxes (CBDT) notifies the Cost of Inflation Index (CII) annually. It is used to compute long-term capital gains/losses wherein the cost of acquisition/improvement is indexed with reference to the applicable CII of the relevant year. For the Financial Year 2023-24, the board has… Read More »

New Change in CPE Hours for Chartered Accountants from calendar year 2023 onwards.

By | April 8, 2023

06.04.2023 Announcement/ Mass e-mail for members Granting 4 Structured CPE hours in online mode through Digital Learning Hub and compliance of CPE hrs requirement Calendar year wise from calendar year 2023 onwards. Dear Members, Kind attention of the members is drawn towards the following decisions of the Council of the ICAI taken with regard to CPE Hour requirements/compliance applicable from Calendar… Read More »