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Typical reasons observed by RBI for the divergence in asset classification during Supervisory Cycle 2023-24 (FY 2022-23) for UCBs

Revised Guidelines for Appointment/ Re-appointment of Statutory Branch Auditors of Public Sector Banks and Norms on Business Coverage under Statutory Branch Audit of Public Sector Bank

Changing of cut-off date to 1st July instead of 1st January of every year for the Bank Branch Auditors Panel

Adherence to RBI’s circular dated 27th April 2021 regarding “Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)”

Appointment of Statutory Auditors

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DIRECT TAXES

May
06
ITR 5 gets a makeover with stricter capital gains, TDS rules for firms

May
06
ITR-2 for FY2024-2025 notified by Income Tax dept: There’s good news for Rs 50 lakh to Rs 1 crore income-earners, know other changes and more

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