Auditors may face ban on non-audit work in large cos
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The Blogs
Auditors may have to explain why they quit
Auditors may have to explain why they quit
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UNION BUDGET – 2022: AMENDMENTS IN THE CUSTOMS ACT, 1962 & CUSTOM RATE
UNION BUDGET – 2022:
AMENDMENTS IN THE CUSTOMS ACT, 1962 & CUSTOM RATE
I. AMENDMENTS IN THE CUSTOMS ACT, 1962
S. No.
Amendment
Clause of the Finance Bill, 2022
1.
Clause (34) of section 2 contains definition of “proper officer”. This section is being modified to specifically state that assignment of functions to an officer of Customs by the Board or the Principal Commissioner of Customs or the Commissioner of Customs shall be done under the newly inserted sub-sections (1A) and (1B) of Section 5 in the Customs Act, ...
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Audit & Reporting of the Future & Options & Intraday share transactions
Audit & Reporting of the Future & Options & Intraday share transactions
Trading in derivatives which may be in shares, currency, commodities, etc has become very common and many people have started participating in it. The online easy accessibility of ...
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Union Budget 2022-23 to be presented on 1st February, 2022 in Paperless form
Union Budget 2022-23 to be presented on 1st February, 2022 in Paperless form
Ministry of Finance
To mark the final stage of Union Budget making process, sweets provided to core staff due for “lock-in” at their work workplace instead of Halwa ...
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Format issued by Income Tax Department for sharing queries on helpdesk E-mail IDs.
Format issued by Income Tax Department for sharing queries on helpdesk E-mail IDs.
Please find below the format issued by Income Tax Department for sharing queries on helpdesk E-mail IDs.
[pdf-embedder url="https://thetaxtalk.com/wp-content/uploads/2022/01/Click-Here_3-1.pdf" title="Format issued by Income Tax Department for sharing queries ...
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Expectations of common tax payers for rationalisation of some tax provisions in the budget By Balwant Jain
Expectations of common tax payers for rationalisation of some tax provisions in the budget By Balwant Jain
Author
Balwant Jain
As an individual taxpayer I have listed out my expectation on rationalisation of some income taxprovisions from our Finance Minister.
Relief to the ...
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ICSI requested for extension of time limit for filing of DIR-3 KYC
ICSI requested for extension of time limit for filing of DIR-3 KYC
The Institute of Company Secretaries of India
MCA 2021
September 28 2021
Shn Raiesh Verma IAS
Secretary
Ministry of Corporate Affairs
Government of India
Shastri Bhawan
Dr Rajendra Prasad Road
New Delhi -110001
Subject: Request for extension of ...
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Statutory Audit requirements for various entities will be ending soon? NFRA consultation paper says that “It is appropriate to revisit the requirement of compulsory statutory audit for all companies irrespective of their size and/or public interest”
Statutory Audit requirements for various entities will be ending soon? NFRA consultation paper says that “It is appropriate to revisit the requirement of compulsory statutory audit for all companies irrespective of their size and/or public interest”
A preliminary analysis has ...
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Quoting of PAN is Mandatory for opening Bank A/c, for purchase sale of Goods above Rs. 2 Lakh, few cash transactions above Rs. 50,000/- and much more
Quoting of PAN is Mandatory for opening Bank A/c, for purchase sale of Goods above Rs. 2 Lakh, few cash transactions above Rs. 50,000/- and much more
Income Tax Department have its own way of tracking the taxpayers details. One ...
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If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it may tantamount to the auditor making a deliberately false declaration in his report and the consequences for the auditor could be very serious indeed: NFRA
If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it may tantamount to the auditor making a deliberately false declaration in his report and the consequences for the auditor ...
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7 clarifications issued in GST Compliance
7 clarifications issued in GST Compliance
Author
CA.Jayprakash Pandey
ACA, M.COM, B.COM
cajayprakashpandcompany@gmail.com
Dated the 17th June, 2021 :-Total 7 clarifications issued by GST
List of SEVEN GST Circulars issued providing clarity on the following issues:
Sr
No
Circular No.
Subject
Link
1
Circular No. 149/05/2021-GST
Clarification regarding applicability of GST on ...
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Bank Audit Special: 30 Instances which may necessitate issue of MOC:
Bank Audit Special: 30 Instances which may necessitate issue of MOC:
Some of the key instances which may necessities issue of MOC may be as under:
Wrong EMI calculations.
Moratorium interest not added to principal for EMI calculation like edu ...
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Bank Audit : Advisory on Recent Supreme Court order on Income Recognition & Assets Classification (IRAC) Norms
Bank Audit : Advisory on Recent Supreme Court order on Income Recognition & Assets Classification (IRAC) Norms
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Bank Audit Special : Central Bank of India Allotted Audit to Statutory Auditors : Here is a List of Northern Region Auditor
Bank Audit Special : Central Bank of India Allotted Audit to Statutory Auditors : Here is a List of Northern Region Auditor
FINAL BRS WITH AUDITORS CHANDIGARH ZO.
***********************************************************************
For Tax & Corporate Law Updates ...
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Bank Audit Special : Bank relaxed from urgent Audit requirements – Finance Ministry withdrawn earlier stipulations
Bank Audit Special : Bank relaxed from urgent Audit requirements - Finance Ministry withdrawn earlier stipulations
Bank are relaxed from urgent Audit requirements. Earlier, banks were required to complete the Audit by 15th May.
Now, Audit of nationalised banks can be completed ...
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Get Ready !! Bank Audit Allotment Status !!
Get Ready !! Bank Audit Allotment Status !!
From reliable source, it is learnt that the RBI has forwarded yesterday night the approved list of auditors to the head offices of the banks.
With this, Soon the allotment of branches will ...
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Bank Audit – GST Perspective
Bank Audit - GST Perspective
In this article, what one should be checked while doing bank audit? I have
tried to compile all the information under one roof which are relevant for bank audit and will be helpful while doing bank ...
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