Monthly Archives: January 2023

Co. Law Rules Changes

The Ministry of Corporate Affairs vide its notification dated January 20, 2023 has amended the Companies (Appointment and Qualification of Directors) Rules, 2014. The amended rules have come into effect from January 23, 2023. Certain key changes are as follows: … Continue reading

Posted in Direct Tax |

Extension of time limit for compliance to be made for claiming exemption under Section 54 to Section 54GB

CBDT has issued circular No.1 of 2023 dated 6 January 2023 for extension of last day for compliances by taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for claiming any exemption … Continue reading

Posted in Direct Tax |

Mandatory Evaluation of the Audit Quality Maturity of CA Firms using AQMM w.e.f. 1st April 2023

  Background  This mandate comes about a year after the launch of the AQMMv1.0 by the Centre for Audit Quality (CAQ) of ICAI in July, 2021. The revised AQMM rev v1.0 has been arrived after incorporating two changes in the … Continue reading

Posted in Audit & Assurance |