Late fee payable for delay in furnishing of Form GSTR-4 for the Financial Year 2021-22 waived for the period from the 1st day of May, 2022 till the 30th day of June, 2022 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 07/2022–Central Tax …
No revision u/s 263 simply because AO in order did not make an elaborate discussion – ITAT ABCAUS Case Law CitationABCAUS 3597 (2022) (05) ITAT Important case law relied referred:Malabar Industrial Co. Ltd. 243 ITR 83Gabriel India Ltd 203 ITR 10CIT vs. Anil Kumar reported in 335 ITR …
Investigation on deposit of tax during the course of GST search, inspection or investigation F. No. GST/INV/Instructions/2022-23GST-Investigation Wing 10th Floor, Towwer-2Jeevan Bharti BuildingConnaught Place New Delhi-110001. 25th May, 2022 Instruction No. 01/2022-23 Subject: Deposit of tax during the course of search, inspection or investigation – reg. During the …
CIT is required to make enquiries himself to allege assessment order as erroneous and prejudicial to the interest of Revenue u/s 263 ABCAUS Case Law CitationABCAUS 3596 (2022) (05) ITAT Important case law relied referred:CIT Vs Jaiswal Motor Finance 141 ITR 706 (All)CIT Vs Metachem Industries 245 ITR …
ITAT admits additional evidences as assessee died before assessment proceedings and it could not be collected in time by legal heirs ABCAUS Case Law CitationABCAUS 3595 (2022) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in restricting the addition made …
Supreme Court directs pilot study on employing retired judicial officers to operationalise Special Courts for expeditious trial of cases u/s 138 of Negotiable Instrument Act 1881 The Constitution Bench of the Hon’ble Supreme Court with reference to expeditious trial of cases under Section 138 of Negotiable Instrument Act …
No revision u/s 263 simply because AO in order did not make an elaborate discussion – ITAT ABCAUS Case Law CitationABCAUS 3597 (2022) (05) ITAT Important case law relied referred:Malabar Industrial Co. Ltd. 243 ITR 83Gabriel India Ltd 203 ITR 10CIT vs. Anil Kumar reported in 335 ITR …
CIT is required to make enquiries himself to allege assessment order as erroneous and prejudicial to the interest of Revenue u/s 263 ABCAUS Case Law CitationABCAUS 3596 (2022) (05) ITAT Important case law relied referred:CIT Vs Jaiswal Motor Finance 141 ITR 706 (All)CIT Vs Metachem Industries 245 ITR …
ITAT admits additional evidences as assessee died before assessment proceedings and it could not be collected in time by legal heirs ABCAUS Case Law CitationABCAUS 3595 (2022) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in restricting the addition made …
Late fee payable for delay in furnishing of Form GSTR-4 for the Financial Year 2021-22 waived for the period from the 1st day of May, 2022 till the 30th day of June, 2022 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 07/2022–Central Tax …
Investigation on deposit of tax during the course of GST search, inspection or investigation F. No. GST/INV/Instructions/2022-23GST-Investigation Wing 10th Floor, Towwer-2Jeevan Bharti BuildingConnaught Place New Delhi-110001. 25th May, 2022 Instruction No. 01/2022-23 Subject: Deposit of tax during the course of search, inspection or investigation – reg. During the …
Extension of due date for furnishing Form GSTR-3B return for the month of April, 2022 till the 24th day of May, 2022- CBIC Notification Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 05/2022 –Central Tax New Delhi, the 17th May, …
MCA clarifies on holding AGM by Video Conferencing/ other audio visual means Earlier, MCA vide general Circular No. 19 of 2021 dated 18.12.2021 general circular No. 20/2020 dated 5th May 2020 General Circular 21/2021 dated 14.12.2021 and general circular No. 02/2021 dated 13.01.2021 had allowed the companies whose …
Requirement of mandatory audit trail in company accounting software postponed to financial year commencing on or after 01.04.2023. Read MCA Notifications Requirement of mandatory audit trail in accounting software postponed MCA vide notification dated 31st March 2022, postponed the requirement of compulsory audit trail in company accounting software. …
MCA further extends due date of filing balance sheets & Annual return of financial year ended on 31.03.2021 to 15.03.2022 and 31.03.2022 without late fee General Circular No. 01/2022 F. No. 01/34/2013 CL-V -Part-IIIGovernment of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. Rajendra Prasad …
No revision u/s 263 simply because AO in order did not make an elaborate discussion – ITAT ABCAUS Case Law CitationABCAUS 3597 (2022) (05) ITAT Important case law relied referred:Malabar Industrial Co. Ltd. 243 ITR 83Gabriel India Ltd 203 ITR 10CIT vs. Anil Kumar reported in 335 ITR …
CIT is required to make enquiries himself to allege assessment order as erroneous and prejudicial to the interest of Revenue u/s 263 ABCAUS Case Law CitationABCAUS 3596 (2022) (05) ITAT Important case law relied referred:CIT Vs Jaiswal Motor Finance 141 ITR 706 (All)CIT Vs Metachem Industries 245 ITR …
ITAT admits additional evidences as assessee died before assessment proceedings and it could not be collected in time by legal heirs ABCAUS Case Law CitationABCAUS 3595 (2022) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in restricting the addition made …
ICAI has postponed CA exams scheduled on 19th & 20th May, 2022 at Silchar (Assam) Examination center The decision of ICAI to postpone May 2022 CA exams at Silchar Assam examination center has been taken in view of the order of the District Disaster Management Authority, Silchar …
Try again to update pending UDINs at e-filing Portal – ICAI advisory in view of the technological changes made ICAI has issued an advisory advising chartered accountants to try again to update those UDINs which have been invalidated earlier at the income tax e-filing Portal. ICAI had received …
Revision in Phase wise implementation of ICAI Peer Review Mandate – Announcement ICAI had decided to mandate the Peer Review process for coverage of more firms under Peer Review process. An Announcement in this regard can be read at https://www.icai.org/post/peer-review-mandate-roll-out Later, it was clarified that holding a valid …
Excel Income Tax Challan ITNS 280 for FY 2022-23 AY 2023-24 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 …
Excel Income Tax TDS Challan ITNS-281 version 1.5.10 for AY 2023-24 with database facility Income Tax Challan ITNS 281 is used for payment of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). A PDF version of the challan with instructions can be downloaded from income …
ABCAUS Excel Depreciation Calculator FY 2020-21 under Companies Act 2013 as per Schedule-II Version 05.04 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2020-21 has also been formulated and styled the same way as its …
Empanelment to act as ICAI exam observers for May 2022 CA Examination Last date to apply 25.03.2022. Honorarium increased to Rs. 3000 from Rs. 1500 per day ICAI extends last date for empanelment as observers from 25th March 2022 to 31st March 2022. EMPANELMENT OF MEMBERS TO ACT …
Empanelment as Special Audit u/s 142(2A) of CA Firms for Financial Year 2022-23 & 2023-24 by PCCIT U.P. (East) Lucknow. Last Date 16.03.2022 Income Tax Department, Lucknow has invited application (EOI) from chartered accountant firms for empanelment for the Financial Year 2022-23 and 2023-24 for allotment of Special …
Central Bank of India Concurrent audit online empanelment for year 2022-23. Last Date for filing Online Applications 14.02.2022. Central Bank of India Concurrent audit online empanelment 2022-23 Central Bank of India invites online applications from practicing CA Firms (Empaneled with RBI) & Ex Staff (Empaneled with Central Bank …
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 …
Clarification regarding applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses Circular No. 3/2022-Customs F. No. CBIC-190354/262/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit)***** Room No. 156, North Block New Delhi, dated the 1st …
Govt. allows manufacturer of Petroleum/Crude with Centralised billing/accounting one excise registration MINISTRY OF FINANCE(Department of Revenue) Notification No. 02/2021-Central Excise (N.T.) New Delhi, the 10th November, 2021 G.S.R. 787(E).––In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2017, the Central …
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 …
