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Request for Extension of Companies Fresh Start Scheme by KSCAA

The Karnataka State Chartered Accountants Association (in short 'KSCAA') is an association of Chartered Accountants, registered under the Karnataka Societies Registration Act, in the year...

Automation of Income Recognition, Asset Classification and Provisioning processes in banks

We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to have appropriate IT...

Everything you need to know about GSTR-2B

GSTR-2B is an auto-drafted ITC statement generated for the buyer on the basis of the information furnished by his suppliers. It also contains information on...

Devise a mechanism for receiving a part payment of taxes till industry recovers: ICAI

One of the ways could be treating payment in cash ledger as payment towards taxes. Other way could be developing a new mechanism for accepting...

Extension of AGM without Filing of Form GNL-1 for year ended 31st March,2020

Whereas sub-section (1) of section 96 of the Companies Act, 2013 (the Act) provides inter alia that every company, other than a One Person Company,...

Long-awaited FAQs regarding Practical Training released by ICAI

The period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March 2020 till 03rd May 2020 shall be counted as...

Revised Priority Sector Lending (PSL) guidelines issued by RBI

Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) Guidelines to align it with emerging national priorities and bring a sharper focus...

Join TReDS for free till March 2021, earlier MSMEs were paying Rs. 10,000 for joining TReDS

To help the MSMEs in this long-standing problem, the Government of India has taken a series of measures recently. Union Finance Minister, as part of...

CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks

Central Board of Direct Taxes in exercise of powers conferred under section 138(1)(a) of Income Tax Act, 1961, has issued Order in F.No. 225/136/2020/ITA.II dated...

Now UDIN is mandatory for Certifying MGT-7: ICSI

Certification of Annual Return in Form MGT-7 under Section 92(1) of the Companies Act, 2013 and Rule 11(1) of the Companies (Management and Administration) Rules,...


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