Govt appoints Ms. Smita Jhingran as Full-time Member and S.V. Murali Dhar Rao as Part-Time Member of NFRA
The Central Government has appointed Ms. Smita Jhingran as the full-time member of the National Financial Reporting Authority (NFRA). A notification issued by the Ministry of Corporate Affairs (MCA) today stated that “In exercise of
Income Tax Dept reveals No. of IT Returns Received: Tax Practitioners packed with Seven Tax Return Filings in Next 10 Days, Urges Due Date Extension
The income tax department has revealed that it has received more than 2 crore Income Tax Returns (ITRs) for AY 2022-23. The last date to file the annual ITR for salaried taxpayers and non-auditable cases
CA vacancy in Bank of America
The Bank of America has invited applications for the post of Assistant Manager. Responsibilities: Coordinating with LOB to establish the scope of Testing and Testing plan.Shadowing and partnering with TDM Product SME teams (Banking /Trading
CBDT notifies Amendment in manner of Furnishing of Report by International Group [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the amendment in the manner of furnishing of reports by international groups. The Board notified the Income-tax (9th Amendment) Rules, 2021 which seeks to further amend Income-tax
GST: Section 171 not Applicable When No Reduction in Tax Rate or No Benefit from Additional ITC, says NAA [Read Order]
The National Anti-Profiteering Authority ( NAA ) ruled that since the Respondent Company has neither been benefited from additional Input Tax Credit (ITC) nor has there been a reduction in the tax rate in the
ICMAI to train One Lakh GST Accountants under Govt Funded Programme
Around one lakh students to be benefitted from the Government-funded GST training programme by the Institute of Cost Accountants of India ( ICMAI ). The government is coming out with GST Accountants course and plans to
Interest accrued on Loans Taxable as Business Income: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the Interest accrued on Loans is taxable as business income under the provisions of the Income Tax Act, 1961. In
Expenditure towards Customer Contracts and Assembled Workforce are ‘Capital’ in Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it, held that expenditure towards customer contracts and assembled workforce are “capital” in nature. The aforesaid observation was
CA Vacancy in Deloitte
The Deloitte invited applications for the post of Financial Advisory - Transaction Services- FDD- AM. Qualifications CA / CFA (International)  Skills Required CA qualified (ideally first time passes) or equivalent qualification/experience Excellent academic track record Transaction
GSTN Clarifies GST Registration Process will take 30 Days Post Successful Aadhar Authentication 
The Goods and Services Tax Network ( GSTN ) has updated that the Goods and Services Tax ( GST ) registration process will take 30 days after Aadhaar authentication. The application will be considered for
Assessee couldn’t Realize the Effect of Assessment Order: ITAT condones Delay of 41 Months, says ‘There is No Supposition That Everybody is the Custodian of Law’ [Read Order]
The ITAT, Mumbai bench has condoned a delay of 41 months and held that the fact that the assessee could not realize the effect of assessment order issued by the CPC can be a valid
Proceedings of Bank Attachment not to stand in the way of Revenue again taking resort to Attachment of Property under GST: Madras HC [Read Order]
The Madras HIgh court held that proceedings of bank attachment will not stand in the way of the revenue taking resort to Section 83 of CGST Act which pertains to the Attachment of Property, yet
SEBI finds Insider Trading in Shares of Infosys Limited [Read Order]
The Securities and Exchange Board of India (SEBI) issued the Interim Order in the matter of insider trading in shares of Infosys Limited. The SEBI in its ex-parte interim order, has detailed the insider trading
CA / CMA Jobs in Amazon
The Amazon has invited applications from CA / CMA qualified candidates for the post of Staff Accountant. DESCRIPTION The Staff Accountant responsibilities include month end closing activities for multiple ledgers and ensure proper review of
Staff Accountant vacancy in Amazon
Amazon has invited applications from eligible and interested candidates for the post of staff accountant. Amazon.com, Inc., is an American multinational technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming, and