Quality Review Board of ICAI and ICSI enhanced with New Members: MCA’s Notification Out
The Ministry of Corporate Affairs (MCA), vide notifications no. S.O. 4455(E) and G.S.R. 734(E) issued on 12th October 2023 has notified the amendment in the Quality review Board (QRB) of Institute of Chartered Accountants of
CBDT grants Tax Exemption to Punjab Dental Council, Mohali u/s 10(46) of Income Tax Act [Read Notification]
The Central Board of direct taxes (CBDT) vide notification no. G.S.R. 786(E) issued on 20th October 2023 has granted the tax exemption to Punjab Dental Council under Section 10(46) of Income Tax Act, 1961. The income exempted
CBIC notifies amendment in Customs Tariff Value of Palm Oil, Gold, Silver and Areca Nuts
The Central Government has amended the Customs Tariff Value of certain goods including Palm oil, gold, silver, areca nuts etc. vide notification no. 75/2023 S.O. 4507(E). published on 13th October 2023. As per the notification,
DGFT Discontinues Physical Copy Issuance for Restricted Imports Authorization from October 19, 2023 [Read Notice]
The Directorate General of Foreign Trade (DGFT), vide trade notice no. 31/2023-24 has notified the discontinuance of Issuance of Physical copy of Restricted Import Authorisation with effect from 19.10.2023. To further improve ease of doing
DGFT imposes Minimum Export Price of $800 per Tonne on Onions till December 31 [Read Notification]
The Directorate General of Foreign Trade (DGFT), vide notification no. 42/2023 has notified the imposition of minimum export price of $800 F.O.B per Metric Ton (MT) on export of onions till December 31st 2023. The
DGFT issues Notice on Submission of Data to RoDTEP Committee for Review of RoDTEP Rates by November 30, 2023 [Read Notice]
The Ministry of Commerce & Industry’s Directorate General of Foreign Trade (DGFT) recently released Trade Notice No. 30/2023-24 on October 19, 2023 and the pertains to the submission of data to the RoDTEP (Remission of
CBDT issues Circular Providing Clarity on Filing Details of Major Contributors to Trusts and Institutions [Read Notification]
The Central Board of Direct Taxes (CBDT) vide circular no. 17/2023 issued on 9th October 2023 has provided the clarity on filing details of significant contributors to trusts and institutions under section 119 of the
CBDT Circular Restricting Amenities to Doctors is Prospective in nature: ITAT [Read Order]
The Jaipur bench of ITAT comprising Vijay Pal Rao (judicial member) and Vikram Singh Yadav (accountant member) recently held that the circular issued by the Central Board of Direct Taxes (CBDT) restricting amenities to doctors
ITAT allows Expenses incurred on Seminar conducted Abroad for Medical Practitioners funded by Pharmaceuticals Company [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad has recently allowed expenses incurred by a Hospital for conducting a seminar for the medical practitioners abroad that too with the financial aid from the Pharmaceutical
Freebies to Doctors: Income Tax Deduction to Pharma Companies can’t be denied invoking CBDT Circulars, says ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax department cannot deny Income Tax Deduction to Pharma companies on expenses incurred on providing freebies to doctors on the
ICAI announces Doctoral Scholarship Scheme 2021
The Institute of Chartered Accountants of India (ICAI) has announced Doctoral Scholarship Scheme, 2021. The Doctoral scholarship will be awarded to a registered Ph.D. Scholars from UGC recognized reputed Indian Universities/ Deemed Universities/ Colleges, IIMs
ICAI Doctoral Scholarship Scheme 2020: Date Extended
The Institute of Chartered Accountants of India (ICAI)has extended the deadline of the ICAI Doctoral Scholarship Scheme 2020 till September 15, 2020. The ICAI, through its Research Committee, is bringing out a new scholarship scheme,
ICAI Doctoral Scholarship Scheme 2023: Invites Application
The Institute of Chartered Accountants of India (ICAI) invited the application for Doctoral Scholarship Scheme 2023. The Doctoral scholarship will be awarded to registered Ph.D. scholars from any recognized University/College/ Institution to pursue and complete
Advertisement Expenses paid to Prasar Bharati by Doctor Eligible for Deduction though it violates Indian Medical Council’s Norms: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal in the case of Amit Ghose versus DCIT wherein bench held that the advertisement expenses incurred by a Doctor are eligible for income tax deduction under
CAG asks IT Dept to Disallow Expenditure in respect of Freebies to Doctors [Read Report]
The Comptroller and Auditor General (CAG) has asked the income tax department to disallow expenditure by companies in respect of all kinds of freebies and referral fees paid to doctors. According to the report filed