Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in disallowance of deduction u/s 54 – ITAT ABCAUS Case Law Citation:ABCAUS 3806 (2023) (09) ITAT Important Case Laws relied upon by parties:CIT vs Venkata Dilip Kumar (277 taxman …
Assessing Officer was wrong to put the onus on assessee to prove that alleged cash transaction did not taken place – ITAT ABCAUS Case Law Citation:ABCAUS 3805 (2023) (09) ITAT In the instant case, the Income Tax Officer has challenged the order passed by the CIT(A) in deleting …
Reasons on which reopening done must first survive to make addition on additional issues also – ITAT explains Explanation 3 to section 147 ABCAUS Case Law Citation:ABCAUS 3804 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) and raised the …
DGFT de-lists 29 agencies authorized to issue Certificates of Origin- (Non Preferential) Directorate General of Foreign Trade has de-listed 29 agencies authorized to issue Certificates of Origin- (Non Preferential) Pursuant to Trade Notice No. 22/2023 dated 16.08.2023, agencies enlisted under Appendix 2E of FTP, 2023 who have still …
Geocoding functionality for additional place of business address activated on GSTN GSTN has activated the feature of geocoding functionality for the “Additional Place of Business” address across all States and Union Territories. This geocoding functionality was earlier implemented for the principal place of business, operational since February 2023. …
Denial of Registration u/s 12AB remanded for de novo consideration when notices were issued at very close intervals and hearing concluded within a very short span of time In a recent judgment, ITAT has quashed the order passed by CIT(E) denying Registration u/s 12AB as order was passed …
Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in disallowance of deduction u/s 54 – ITAT ABCAUS Case Law Citation:ABCAUS 3806 (2023) (09) ITAT Important Case Laws relied upon by parties:CIT vs Venkata Dilip Kumar (277 taxman …
Assessing Officer was wrong to put the onus on assessee to prove that alleged cash transaction did not taken place – ITAT ABCAUS Case Law Citation:ABCAUS 3805 (2023) (09) ITAT In the instant case, the Income Tax Officer has challenged the order passed by the CIT(A) in deleting …
Reasons on which reopening done must first survive to make addition on additional issues also – ITAT explains Explanation 3 to section 147 ABCAUS Case Law Citation:ABCAUS 3804 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) and raised the …
Geocoding functionality for additional place of business address activated on GSTN GSTN has activated the feature of geocoding functionality for the “Additional Place of Business” address across all States and Union Territories. This geocoding functionality was earlier implemented for the principal place of business, operational since February 2023. …
Govt constitutes 31 Benches of the Goods and Services Tax Appellate Tribunal Finally, the Central Government, on the recommendation of the Goods and Services Tax Council has constituted 31 Benches of the Goods and Services Tax Appellate Tribunal with effect from 14th September 2023. The State-wise breakup of …
Time limit for Reporting GST e-Invoices on the IRP Portal The Government has decided to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than 100 crores. To ensure timely compliance, taxpayers in this category will not be allowed …
MCA condones delay in filing of Form-3, Form-4 & Form-11 by Limited Liability Partnerships General Circular No. 08/2023 F. No. Policy-01/2/2021-CL-V-MCA-Part(3) GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 23.8.2023 To, DGCOA All Regional Directors/ All Registrar …
Merger of Multiple User IDs in MCA V-2 Portal with new User ID in MCA V-3 and deactivation of old User ID in V-2 Portal General Circular No. 07/2023 File No. EGov-04/10/2021-O/o Director (e Gov)-MCA Government of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. …
MCA relaxes additional fees for delay in filing DPT-3 for FY 2022-23 upto 31st July 2023 in view of transition of MCA-21 Portal from Version-2 to Version-3 General Circular no. 06/2023 F. No. Policy-01/2/2021-CL-V-MCA-(Part-I)Government of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. …
Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in disallowance of deduction u/s 54 – ITAT ABCAUS Case Law Citation:ABCAUS 3806 (2023) (09) ITAT Important Case Laws relied upon by parties:CIT vs Venkata Dilip Kumar (277 taxman …
Assessing Officer was wrong to put the onus on assessee to prove that alleged cash transaction did not taken place – ITAT ABCAUS Case Law Citation:ABCAUS 3805 (2023) (09) ITAT In the instant case, the Income Tax Officer has challenged the order passed by the CIT(A) in deleting …
Reasons on which reopening done must first survive to make addition on additional issues also – ITAT explains Explanation 3 to section 147 ABCAUS Case Law Citation:ABCAUS 3804 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) and raised the …
ICAI Multipurpose Empanelment Form (MEF) for year 2023-24 available ICAI has hosted he Multipurpose Empanelment Form (MEF) for the year 2023-24 at MEF Portal Registration / Login Credentials Existing Applicants: Applicants of MEF 2023-24 can login with MEF 2022-23 credentials. If you have forgotten the password, go to “Forgot Password” …
Guidance Note on Tax Audit u/s 44AB. ICAI releases revised 2023 Edition ICAI has released the revised 2023 edition of Guidance Note on Tax Audit u/s 44AB of the Income Tax Act 1961. The first Guidance note was released in 1985 and this ninth edition in series. Tax …
Extension of last date to apply for empanelment to act as ICAI exam observers for November / December 2023 CA Examination. Last date extended to 10.09.2023 ICAI has extend the Last date of online empanelment of members to act as observers at the examination centres for the Chartered …
ABCAUS Excel Depreciation Calculator FY 2022-23 under Companies Act 2013 as per Schedule-II Version 04.26 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2022-23 has also been formulated and styled the same way as its …
Excel Calculator to compare Tax under existing / old and new Personal Tax Regime u/s 115BAC for AY 2024-25 (FY 2023-24) Excel Calculator to compare Tax under existing and new Personal Tax Regime u/s 115BAC. Union Budget 2023-24 has disappointed individual taxpayers who were expecting tax benefits in …
Excel Form 10E-Salary Arrears Relief calculator AY 2023-24 (FY 2022-23) for claiming rebate under section 89(1) of Income Tax Act 1961-Download As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives salary in …
ICAI Multipurpose Empanelment Form (MEF) for year 2023-24 available ICAI has hosted he Multipurpose Empanelment Form (MEF) for the year 2023-24 at MEF Portal Registration / Login Credentials Existing Applicants: Applicants of MEF 2023-24 can login with MEF 2022-23 credentials. If you have forgotten the password, go to “Forgot Password” …
Extension of last date to apply for empanelment to act as ICAI exam observers for November / December 2023 CA Examination. Last date extended to 10.09.2023 ICAI has extend the Last date of online empanelment of members to act as observers at the examination centres for the Chartered …
Airports Authority Of India, invites application of concurrent audit of Regional Headquarters Western Region Mumbai for FY 2023-24. Last Date 16.08.2023 Engagement of Auditors for conducting Concurrent audit of RHQ WR for FY 202324 AAI invites Tender from Chartered Accountant / Cost and Management Accountant firms for conducting …
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 …
