ICAI issues Exposure Draft of International Tax Reform – Pillar Two Model Rules – Amendments to Ind AS 12 (Income Taxes) and Ind AS 22 (Accounting for Taxes on Income).
ICAI unveils Exposure Draft on amendments to Ind AS 7 and Ind AS 107, on ‘Supplier Finance Arrangements’.
Govt. announces an interest rate of 8.15% on Employee’s Provident Fund for the FY 2022-23.
Notification No. INV-11/2/2021-INV, dated 24-7-2023.
Govt. extends the initial validity period of industrial licenses to be issued from 3 years to 15 years for all kinds of licenses under Industries (Development and Regulation) Act, 1951. Revised guidelines issued for an extension of the validity of both new and existing industrial licenses.
Press Note 1 (2023 Series), dated 21-7-2023.
Direct Taxes Committee of ICAI has issued an Exposure Draft on ‘Guidance Note on Tax Audit’ under section 44AB applicable for audits of AY 2023-24. Suggestions invited latest by 6-8-2023.
Framework to freeze PAN of Designated Persons during ‘Trading Window Closure Period’ to be extended to all listed companies.
Circular No. SEBI/HO/ISD/ISD-POD-2/P/CIR/2023/124, dated 19-7-2023.