The Supreme Court held that the dishonor of cheques issued as security is an offense under Section 138 of the Negotiable Instruments Act. Facts of the case:- The counsel for the appellant, Sripati Singh would contend that the respondent taking advantage of the acquaintance with the …
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that no TDS deductible on consideration for use of computer software by resident Indian distributors to non-resident computer software manufacturers. Facts of the case:- The appellant, Ericsson has claimed that it had supplied the equipment at …
The Ministry of Corporate Affairs (MCA) has notified the extension of the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014. In continuation to this Ministry’s General Circular No.15/2021 …
1. The Central Board of Direct Taxes (CBDT) has reminded the taxpayers to pay outstanding dues by completing the process by e-filing Form 4 under Direct Tax Vivad se Vishvas (DTVSV) on or before the 31st October 2021. 2. As per DTVSV Form-4, the taxpayer needs …
1. Shri Piyush Goyal, India’s Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, said today that India is making a resurgent push toward a $5 trillion economy. During his visit to the UAE, Shri Goyal spoke to the ICAI Dubai Chapter, saying that …
1. The Institute of Chartered Accountants of India (ICAI) Disciplinary Committee finds 13 Chartered Accountants Guilty of Professional Misconduct namely CA. K.V.Shankaran, CA Haresh Ramji Joshi, CA Nitin Madhusudanji Mantri, CA. Naresh Batra, CA. S. Shankar, CA. Kamal Nayan Singhal, CA. Sanjay Nathala Shah, CA. Avinash …
1. The market regulator, Securities and Exchange Board of India (SEBI) has amended the Investor Grievance Redressal System and Arbitration Mechanism. The new framework will come into effect from January 1, 2022. The amendments aimed at further enhancing the effectiveness of investor grievance redressal and arbitration …
1. The Central Board of Indirect Taxes and Customs (CBIC) has constituted the Committee for determining RoDTEP rates for AA or EOU or SEZ exports. 2. The Government vides Order dated October 18, 2021, has constituted a Committee for determination of RoDTEP rates for AA/EoU/SEZ exports …
1. The Institute of Chartered Accountants of India (ICAI) notified the Exposure Drafts of Amendments to various Engagement and Quality Control Standards. 2. The Institute of Chartered Accountants of India (ICAI) has issued various Engagement and Quality Control Standards over the period of years. These standards …