NSDL latest e-TDS TCS Return Preparation Utility (RPU) Version 5.2 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing of TDS/TCS returns. e-TDS/TCS RPU version 5.2 for Statement(s) from FY 2007-08 onwards has been released. Also e-TDS/TCS File validation utility (FVU) versions 2.183 for …
ITAT set aside order as no opportunity was allowed to assessee to explain the delay in filing appeal In a recent judgment, the ITAT Ahmedabad set aside order as no opportunity was allowed by the CIT(A) to the assessee to explain the reason of delay nor was he …
SEBI mandates email as default mode of dispatch for Consolidated Account Statement by Depositories, Mutual Fund etc. SEBI has mandated email as default mode of dispatch for Consolidated Account Statement by Depositories, Mutual Fund etc. According to SBI Circular dated 1st July 2024, the decision has been taken …
ICAI bans four Chartered Accountants for professional misconduct Notification No. PR/330/2019/DD/308/2019/DC/1501/2021 In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the …
Three CBI Courts designated as Special Courts under PMLA in the State of West Bengal MINISTRY OF FINANCE(Department of Revenue)NOTIFICATION New Delhi, the 1st July, 2024 S.O. 2515(E).—In exercise of powers conferred by sub-section (1) of section 43 of the Prevention of Money Laundering Act, 2002 (15 of …
Addition u/s 40A(3) for cash payment to labour for loading charges deleted by ITAT In a recent judgment, the ITAT Cuttack has deleted additions u/s 40A(3) for cash payments to labourers for loading charges holding that labourers out of common knowledge would not accept payments through banking channels …
NSDL latest e-TDS TCS Return Preparation Utility (RPU) Version 5.2 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing of TDS/TCS returns. e-TDS/TCS RPU version 5.2 for Statement(s) from FY 2007-08 onwards has been released. Also e-TDS/TCS File validation utility (FVU) versions 2.183 for …
ITAT set aside order as no opportunity was allowed to assessee to explain the delay in filing appeal In a recent judgment, the ITAT Ahmedabad set aside order as no opportunity was allowed by the CIT(A) to the assessee to explain the reason of delay nor was he …
Addition u/s 40A(3) for cash payment to labour for loading charges deleted by ITAT In a recent judgment, the ITAT Cuttack has deleted additions u/s 40A(3) for cash payments to labourers for loading charges holding that labourers out of common knowledge would not accept payments through banking channels …
Matters involving tax where provision of appeal is provided, the assessee should be relegated to the said remedy – High Court In a recent judgment, Hon’ble Allahabad High Court declined to invoke its Writ Jurisdiction against GST order and held that matters involving tax where provision of appeal …
Recommendations of 53rd GST Council Meeting held on 22.06.2024. The GST Council inter alia made the recommendations relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST. GST Council recommends waiving interest and penalties for demand notices issued under Section …
AGFTC and ITBA requests Finance Minister to reduce penalty u/s 73(9) of the CGST Act 2017 All Gujarat Federation of Tax Consultants (AGFTC) and Income Tax Bar Association (ITBA), Ahmedabad has given a Representation to Union Minister of Finance to amend the penalty provision under section 73(9) of …
ABCAUS Excel Depreciation Calculator FY 2023-24 under Companies Act 2013 as per Schedule-II Version 05.18 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2023-24 has also been formulated and styled the same way as its …
MCA Relaxes additional fees & extends last date of filing LLP Form BEN-2 & Form No. 4D up to 01.07.2024 Relaxation of additional fees and extension of last date of filing of Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008 …
Change in the constitution of Appellate Authority for CAs CSs and Cost Accountants In 2015, the Ministry of Corporate Affairs in exercise of the powers conferred under the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980 established an Appellate …
ITAT set aside order as no opportunity was allowed to assessee to explain the delay in filing appeal In a recent judgment, the ITAT Ahmedabad set aside order as no opportunity was allowed by the CIT(A) to the assessee to explain the reason of delay nor was he …
Addition u/s 40A(3) for cash payment to labour for loading charges deleted by ITAT In a recent judgment, the ITAT Cuttack has deleted additions u/s 40A(3) for cash payments to labourers for loading charges holding that labourers out of common knowledge would not accept payments through banking channels …
Addition u/s 68 deleted as AO failed to find any discrepancy in details of creditors submitted by the assessee In a recent judgment, the ITAT Guwahati deleted penalty u/s 68 as the Assessing Officer (AO) failed to find any discrepancy in the details of creditors submitted. ABCAUS Case …
ICAI bans four Chartered Accountants for professional misconduct Notification No. PR/330/2019/DD/308/2019/DC/1501/2021 In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the …
ICAI competent to impose restriction on number of tax audits u/s 44AB per year – Supreme Court settles the pending controversy. In a recent judgment, the Hon’ble Supreme Court has upheld the competence of ICAI to impose a restriction on the maximum number of tax audits that could …
ICAI to debar student taking mobile phones inside the examination hall for 5 years As per ICAI Announcement, it has decided to debar student taking mobile phones inside the examination hall for 5 years As per the policy of Examination Department of the Institute of Chartered Accountants of …
Excel Auto 234ABC Interest Calculator for AY 2024-25 with accurate calculation as per revised provisions. Download for Corporate and Non-corporate Assessees Section 234A, 234B and 234C of the Income tax Act, 1961 deals with interest for delay in ITR Filing or Short/Non deposit of Advance tax. Interest is …
Excel Income Tax Challan ITNS 280 for FY 2024-25 AY 2025-26 with database facility. Download ABCAUS Income Tax payment Challan No. ITNS 280 This excel Challan ITNS 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income …
ABCAUS Excel Depreciation Calculator FY 2023-24 under Companies Act 2013 as per Schedule-II Version 05.18 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2023-24 has also been formulated and styled the same way as its …
Jharkhand Rajya Gramin Bank – Empanelment of retired officers of banks as Concurrent auditors on contract basis Jharkhand Rajya Gramin Bank is inviting applications from retired officers of Bank for the post of concurrent auditors on contract basis, details of which are as under: 1) Name of the …
Indian Overseas Bank Concurrent Audit Empanelment for the financial year 2024-25 (from 01.07.2024 to 30.06.2025) TERMS & CONDITIONS IOB Concurrent Audit Empanelment The following basic criteria will be adhered to in selection of audit firms for conducting concurrent audit. Submit Application for Empanelment Click Here >> Only …
J&K Grameen Bank Concurrent Audit Empanelment of CA Firms / Bank retirees for Financial Year 2024-2025. Last date 24.06.2024 J&K Grameen Bank invites applications on the under-noted prescribed format from Bank Retirees as well as practicing ‘Firms / Partnership firms of Chartered/Cost Accountants in India’ who fulfill the …
Electronic certificate of origin or e-CoO, issued by the Issuing Authority of Sri Lanka, is a valid document for the purpose of claiming preferential benefit under the India-Sri Lanka FTA CBIC had received representations that benefit of preferential tariffs in respect of goods eligible for such benefits when …
DGFT has issued latest guidelines for import of Pet Animals (cats/dogs) Directorate General of Foreign Trade has issued a Trade Notice giving the latest import policy provisions for ‘other’ mammals including pet animals (cats/dogs) as under: ITC (HS) Item Description Import Policy Policy Condition Policy Condition (6): Import …
CBIC notifies Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022 GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.11/2022-Customs (N.T.) New Delhi, the 22nd February, 2022 G.S.R.(E).—In exercise of the powers conferred by …
NFRA imposes penalty of Rs. 25 lakhs and debars CA for 7 years for professional misconduct in statutory audit of ILFS Financial Services Ltd ABCAUS Case Law Citation:ABCAUS 3338 (2020) (07) NFRA The National Financial Reporting Authority (NFRA / Authority) helds CA guilty of professional misconduct for performance …
Applications invited from Company Secretary Professionals for contractual vacancies in Investor Education and Protection Fund Authority (IEPFA) ICSI on behalf of Investor Education and Protection Fund Authority, (IEPFA) Ministry of Corporate Affairs has invited applications from Company Secretary Professionals for Five (5) contractual vacancies in Investor Education and …
Quality Review Board Report on Audit Quality Review 2018-19. Audit documentation, standards on quality control, written representations etc. key concern The Quality Review Board (QRB) has been set up by the Government of India under section 28A of the Chartered Accountants Act, 1949. The QRB publishes its …
