Website guidelines for Chartered AccountantsPlanning to develop website? Then you must be aware of what and which type of contents are prohibited. The Guidelines, as revised in the 388th Meeting of Council held on 6th and 7th February, 2020, are appearing at page 143 of the Volume-II of Code of Ethics, 2020. Following contents and features … Read more
Important Announcement for ICAI members COVID-19 (CABF) The Managing Committee of the Chartered Accountants Benevolent Fund (CABF) ICAI has considered the difficulties being faced by Members in the time of pandemic and has decided to grant Medical Financial Assistance to the Members and their dependents suffering from CORONA. This help is going to be available … Read more
Exemption from payment of late fee u/s. 6(3) of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 The whole of the late fee payable by the registered employer in respect of monthly or annual Maharashtra PTRC returns pertaining to any periods up to March 2020 and monthly period of April 2020, is … Read more
Your social media account or other online accounts misused or hacked ? Here is what you can do… If you think your social media or online accounts may have been compromised or accessed in an unauthorized manner, then you may be a victim of “cybercrime“. If you think you are a victim of Cybercrime then, … Read more
The Food Safety and Standards Authority of India (FSSAI) has given additional time to food business operators (FBOs) for renewal of licenses and registrations till June 30, due to restriction of movements during the lockdown. ➤Here is the extract of the order: The FBOs whose license/registration has expired or is expiring during the period March … Read more
With a view to mitigate hardship to the policyholders whose Health and Motor (Third Party) insurance policies are due for renewal during COVID-19 lockdown (on and from the 25th March, 2020 up to the 3rd May, 2020), the Central Government issued Notifications allowing such policyholders to make premium payments till May 15th. This will ensure … Read more
Use of DSC for signing audit reports and certificates The members of ICAI may use electronic signature for signing audit reports, all reports issued pursuant to any attestation engagement and certificates. However, the members need to ensure compliance with all the requirements relating to signature prescribed in the relevant law or regulation, Standards on Auditing … Read more
Last week, the Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. The Indian Banks Association has answered a list of Frequently Asked Questions about the technicalities of the moratorium. QUESTION 1: When/what was the … Read more
Extension of realisation period of export proceeds Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months from the date of exports. In view of the disruption caused by the COVID-19 pandemic, the time period for … Read more
Schedule of Rates of Tax on Professions, Trades, Callings and Employments in Maharashtra:- To whom professional tax applicable in Maharashtra? As per The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, following class of persons are required to take registration under the Act and has to pay profession tax every year. Sr. … Read more