Bank deposit insurance to be paid in around 90 days in case of bank failure. Cabinet clears Deposit Insurance & Credit Guarantee Corporation Bill 2021 Deposit Insurance & Credit Guarantee Corporation Bill 2021 has been cleared by the Cabinet today. The said corporation insures all bank deposits such …
New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: •The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of …
CBDT notifies the Income-tax (20th Amendment) Rules, 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 82 /2021 New Delhi, the 27th July, 2021 G.S.R.509(E).—In exercise of the powers conferred by section 139 and section 148 read with section 295 of the Income-tax Act, 1961 …
Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make additions. Data retrieved from digital device certificate u/s 65B(4) of Evidence Act must prove its authenticity. In the instant case, the assessee had cjhallenged the order passed by …
Deferred ICAI Code of Ethics 2019 to be applicable from 1st April 2022 Applicable date of certain deferred provisions of Volume-I of Revised Code of Ethics, 2019. ICAI has announced that the following provisions of Volume-I of Code of Ethics 2020 which has been earlier deferred due to …
Dainik Bhaskar Income Tax Raids-CBDT alleges detection of bogus income of Rs. 700 crores The Income Tax Department had carried out a search operation on Dainik Bhaskar in 9 cities including Mumbai, Delhi, Bhopal, Indore, Noida and Ahmedabad. The Income Tax raids had been severely criticised …
CBDT notifies the Income-tax (20th Amendment) Rules, 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 82 /2021 New Delhi, the 27th July, 2021 G.S.R.509(E).—In exercise of the powers conferred by section 139 and section 148 read with section 295 of the Income-tax Act, 1961 …
Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make additions. Data retrieved from digital device certificate u/s 65B(4) of Evidence Act must prove its authenticity. In the instant case, the assessee had cjhallenged the order passed by …
Dainik Bhaskar Income Tax Raids-CBDT alleges detection of bogus income of Rs. 700 crores The Income Tax Department had carried out a search operation on Dainik Bhaskar in 9 cities including Mumbai, Delhi, Bhopal, Indore, Noida and Ahmedabad. The Income Tax raids had been severely criticised …
New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: •The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of …
Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. CBEC Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. CBEC has issued notifications under Section 168A of the CGST Act, 2017, …
New functionalities to be deployed on GST Portal in the month of July, 2021 As per GSTN advisory, the following changes were recently deployed/ would be deployed shortly, on the GST portal: (1) Registration Module Form/ Functionality Functionality released/ to be released for Taxpayers Current Status Timelines for …
Amended provisions for name rectification of company under section 16 of the Companies Act 2013 to be effective from 1st September, 2021 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd July, 2021 S.O. 2904(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the …
Companies with resembling or identical names to be automatic allotted a new name u/s 16(3) of the Companies Act Ministry of Corporate Affairs (MCA) has notified the Companies (Incorporation) Fifth Amendment Rules 2021 with effect from 1st September, 2021. As per section 16 of the Companies Act 2013, …
Shri Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA), here today. Before taking charge as Union Minister of State for MCA, Shri Singh held Union Minister of State (Independent Charges) for Ministry of Statistics and Programme Implementation as also for …
Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make additions. Data retrieved from digital device certificate u/s 65B(4) of Evidence Act must prove its authenticity. In the instant case, the assessee had cjhallenged the order passed by …
Supreme Court lays down guidelines for Compounding of Offences u/s 24 of SEBI Act by Securities Appellate Tribunal (SAT) and Trial Courts Important case law relied referred:JIK Industries Limited vs Amarlal v. Jumani ABCAUS Case Law CitationABCAUS 3535 (2021) (07) SC The appellant was a director and promoter …
Adjustment of amount paid under IDS 2016 on failure to pay third instalment – Supreme Court issues notice to CBDT ABCAUS Case Law CitationABCAUS 3534 (2021) (07) SC Important case law relied referred:Sangeeta Agarwal vs. Principal Commissioner of Income TaxShankarlal vs. Income Tax Officer & OrsPatchala Seethramaiah vs. …
Deferred ICAI Code of Ethics 2019 to be applicable from 1st April 2022 Applicable date of certain deferred provisions of Volume-I of Revised Code of Ethics, 2019. ICAI has announced that the following provisions of Volume-I of Code of Ethics 2020 which has been earlier deferred due to …
ICAI notifies dates for next Information Systems Audit (ISA) Course Assessment Test on 31.07.2021 In pursuance of Regulation 204 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the next Information Systems Audit (ISA) Course Assessment …
ICAI amends Form 18 to incorporate particulars of non CA partners under Regulation 53B ICAI has amended the Chartered Accountants Regulations, 1988 by notifying the Chartered Accountants (Amendment) Regulations, 2021. The amendment has substituted Form 18 , in Schedule “A” of the Chartered Accountants Regulations, 1988. Chartered Accountants …
Excel Income Tax Challan ITNS 280 for FY 2021-22 AY 2022-23 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 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 …
Excel Income Tax TDS Challan ITNS-281 version 1.5.1 for AY 2022-23 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 …
Punjab & Sind Bank Concurrent Audit Online Empanelment FY 2021-22 Punjab & Sind Bank Concurrent Audit application has been invited from interested Chartered Accountant Firm for Bank Branches for the Financial year 2021-22 The last date for submission of online application is 26.07.2021 Link to apply online Click …
Bank of India-Online Concurrent / Revenue Audit Empanelment Application for FY 2021-22. Last Date to apply is 02-07-2021 Bank of India Notice for CA firms applying for empanelment as Concurrent/Revenue Auditor Bank of India invites fresh application from eligible Chartered Accountant firms to undertake Concurrent Audit assignment. Audit …
Indian Overseas Bank Concurrent Audit Empanelment for the period 01.07.2021 to 30.06.2022. last date 11.06.2021 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 online …
CBEC abolishes renewals of Licence/Registration in Customs Brokers Licensing Regulations, 2021 and Sea Cargo Manifest and Transhipment Regulations, 2018 to Reduce the compliance burden for citizens and business activities. CBIC has undertaken a series of next generation reforms under the umbrella of ‘Turant Customs’ initiative to enable Faceless, …
Customs Brokers Licensing (Amendment) Regulations, 2021 GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 62/2021-Customs (N.T.) New Delhi 23rd July, 2021 G.S.R……. (E).- In exercise of the powers conferred by sub-section (2) of section 146 of the Customs Act, 1962 (52 …
Sea Cargo Manifest and Transhipment (Fifth Amendment) Regulations, 2021 GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 61/2021-Customs (N.T.) New Delhi, the July 23rd, 2021 G.S.R. (E). – In exercise of the powers conferred by section 157, read with sections 30, …
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 …
