Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Members of the Institute of Cost Accountants of India are now expressly recognised as eligible to conduct the annual audit of investment advisers, alongside members of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. The Master Circular is also revised to require investment advisers to obtain and keep on record an annual compliance certificate from a member of ICAI, ICSI or ICMAI, or from an auditor, confirming client-level segregation compliance. The audit report and any adverse findings must be submitted within the prescribed time limits, and the changes apply from the date of issue.
Members of the Institute of Cost Accountants of India are now expressly recognised as eligible to conduct the annual audit of investment advisers, alongside members of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. The Master Circular is also revised to require investment advisers to obtain and keep on record an annual compliance certificate from a member of ICAI, ICSI or ICMAI, or from an auditor, confirming client-level segregation compliance. The audit report and any adverse findings must be submitted within the prescribed time limits, and the changes apply from the date of issue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4813 
Join Channel 
