Category Archives: News

FAQ on ‘Presentation of Dividend and Dividend Distribution Tax'(Revised September, 2019)

By | September 18, 2019

FAQ on ‘Presentation of Dividend and Dividend Distribution Tax'(Revised September, 2019) – (17-09-2019) by ICAI Question: What is the presentation requirement as per Ind AS in India for dividend and dividend distribution tax thereon? Response: Presentation of Dividend The paragraphs 35 and 36 of Ind AS 32, Financial Instruments: Presentation, reproduced hereunder relate to recognition… Read More »

ICAI Advisory on Auditor’s Reporting on Section 197(16) of the Companies Act, 2013

By | September 9, 2019

Advisory on Auditor’s Reporting on Section 197(16) of the Companies Act, 2013 1    Section 197(16) of the Companies Act, 2013 requires as under: “The auditor of the company shall, in his report under section 143, make a statement as to whether the remuneration paid by the company to its directors is in accordance with the… Read More »

Guide to Prevention of Money-laundering Act 2002-As amended by Finance (No. 2) Act 2019 and Aadhaar and Other Laws (Amendment) Act 2019 (September 2019 Edition)

By | September 3, 2019

Guide to Prevention of Money-laundering Act 2002-As amended by Finance (No. 2) Act 2019 and Aadhaar and Other Laws (Amendment) Act 2019 (September 2019 Edition) Paperback – 2019 by Taxmann (Author) Incorporating Guide to Prevention of Money-laundering Act 2002 Amendments made by Finance (No. 2) Act 2019, Aadhaar and Other Laws (Amendment) Act 2019 and Finance Act 2019 in… Read More »

Banks has to enter Aadhaar Number in Bank accounts opened for Direct Benefit Transfer (DBT) Scheme

By | August 23, 2019

Direct Benefit Transfer (DBT) Scheme – Implementation RBI/2019-20/40 FIDD.CO.LBS.BC.No.09/02.01.001/2019-20 August 13, 2019 The Chairmen / Managing Directors & CEOs Scheduled Commercial Banks (including Regional Rural Banks), Small Finance Banks and Payments Banks Madam / Dear Sir, Direct Benefit Transfer (DBT) Scheme – Implementation Please refer to Circular RPCD.CO.LBS.BC.No.75/02.01.001/2012-13 dated May 10, 2013 and RPCD.CO.LBS.BC.No.11/02.01.001/2013-14 dated July 9, 2013regarding… Read More »

Usage of ATMs – Free ATM transactions – Clarifications

By | August 23, 2019

RBI/2019-20/41 DPSS.CO.PD No. 377/02.10.002/2019-20 August 14, 2019 All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Small Finance Banks / Payment Banks / White Label ATM Operators Madam / Sir, Usage of ATMs – Free ATM transactions – Clarifications Please refer to… Read More »