News

The audit conducted by BDO India LLP identified the alleged diversion of bank funds and transactions with related parties.

CBI Registers FIR Against Anil Ambani and Reliance Communications in Alleged Loan Diversion Case

Judgement

The ROC imposed a penalty on the company and its director for issuing a private placement offer before filing the shareholders’ resolution with the ROC, in violation of the procedural requirements.

ROC Chennai Penalises Company and Its Director for Breach of Securities Allotment Rules

The ICAI Code of Ethics prohibits a chartered accountant from expressing their opinion on the business of an enterprise where he, his firm, or his relative holds a major interest.

CA Found Guilty by ICAI for Auditing Firm Where Wife Held Majority Stake

Orders

The committee analyzed the guidelines issued by the Ministry of Rural Development and found that the audit work was open to professionals other than chartered accountants.

Members Can Respond to Tenders Open to Other Professionals Apart from CAs: ICAI

The Karnataka HC held that research services provided to foreign clients qualify as export of services under Section 13(2) of the IGST Act, 2017, and therefore cannot be taxed in India.

Preclinical trials, R&D Services exported to Foreign Clients, NOT taxable in India: HC

Articles

Salary around Rs. 12 lakh or switched jobs during the year? You may still need to pay advance tax if you have additional income. Learn who must pay advance tax, due dates, and how to avoid penalties.

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CBI Registers FIR Against Anil Ambani and Reliance Communications in Alleged Loan Diversion Case

ROC Chennai Penalises Company and Its Director for Breach of Securities Allotment Rules

CA Found Guilty by ICAI for Auditing Firm Where Wife Held Majority Stake

Members Can Respond to Tenders Open to Other Professionals Apart from CAs: ICAI

Preclinical trials, R&D Services exported to Foreign Clients, NOT taxable in India: HC

Salary Around Rs 12 Lakh or Job Switch During the Year? Why You Should Consult a CA for Advance Tax