ICAI approves Audit Quality Maturity Model version 2.0 for Auditing Selected Firms
The Institute of Chartered Accountants of India ( ICAI ) has officially approved the Audit Quality Maturity Model ( AQMM ) version 2.0, enhancing the...
![GST: CBIC Clarifies Issues on No Claim Bonus offered by Insurance Companies and Exemption from E-Invoicing [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/12/GST-CBIC-No-Claim-Bonus-Insurance-Companies-Exemption-E-Invoicing-Taxscan.jpg "GST: CBIC Clarifies Issues on No Claim Bonus offered by Insurance Companies and Exemption from E-Invoicing [Read Circular]")
No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]
In a major relief to those who are yet to receive long-pending insurance claims with interest, the Punjab and Haryana High Court has held that TDS cannot be deducted by the insurance companies on the...
![No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-17-at-12.24.01-PM.jpeg "No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]")
Provisions of section 115JB are applicable to Insurance companies w.e.f April 1, 2003: Madras High Court [Read Judgment]
The Madras High Court held that provisions of section 115JB is applicable on Insurance companies w.e.f April 1, 2003. The revenue pointed out the error in the order passed by the Tribunal while...
![Provisions of section 115JB are applicable to Insurance companies w.e.f April 1, 2003: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Provisions-of-section-115JB-Insurance-companies-Madras-High-Court-Taxscan.jpg "Provisions of section 115JB are applicable to Insurance companies w.e.f April 1, 2003: Madras High Court [Read Judgment]")
NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]
The Ministry of Finance has notified that Non-Banking Financial Institutions (NBFCs) having assets worth 100 Crore rupees and above can be conferred the status of Financial institutions. This comes...
![NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/NBFCs-Assets-Financial-Institutions-Investments-Taxscan.jpg "NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]")
