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Institute of Chartered Accountants of India

Don’t skip ITR: Taxman to foreign companies

Many foreign companies, offshore funds and non-resident outfits have had to take a call over the past fortnight on a matter that most overseas entities steer clear of for as long as they can - filing returns with the Indian Income Tax (I-T)…

Social audit of CSR spend may become must

The government plans to make it mandatory for companies to conduct social auditing of their corporate social responsibility (CSR) spending as part of an initiative to further tighten the CSR norms in the country. Officials in the Ministry…

ICAI working on paper on cryptocurrency assets

Institute of Chartered Accountants of India (ICAI) on Tuesday said it is working on a research paper on guiding its members on accounting and auditing standards for cryptocurrency assets. The report will cover taxation implications,…