Measures to boost Indian Economy-Presentation by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman Taxation – Ease of life for tax payers – Income tax, GST, Customs • Prefilling of IT returns• Faceless scrutiny from Vijaya Dashmi 2019• Reduction in GST returns and simplification of forms• Refund …
MCA clarification on ‘appointed date’ u/s 232(6) of the Companies Act 2013 for merger/amalgamation. MCA issues circular to remove doubts/ambiguities in “appointed date” and “acquisition date” with respect to mergers/amalgamations Ministry of Corporate Affairs has issued a circular today clarifying the import of section 232(6) of the Companies …
IDS 2016 declaration can be declared void without show cause upon misrepresentation/suppression of facts. There is no provision to afford declarant a hearing prior to passing such order. ABCAUS Case Law Citation:ABCAUS 3125 (2019) (08) HC Important case law relied upon by the parties:Hemalatha Gargya v. Commissioner of …
Reopening done at the insistence of CIT held as change of opinion and was vitiated in law as it did not satisfy the legal requirement of Section 147 of the Act ABCAUS Case Law Citation:ABCAUS 3124 (2019) (08) HC Important case law relied upon by the parties:Larsen and …
CBT Approved Proposal to Recommend Amendment in EPS 1995 in 225th meeting held on 21st august, 2019 at Hyderabad In a major decision, the Central Board of Trustees (CBT) EPF in a meeting held at Hyderabad on 21 August 2019, approved the proposal to recommend for amendment in …
Due date for GSTR-3B return for July 2019 extended to 22/08/2019 and 20.09.2019 for flood affected seven State and Jammu and Kashmir-Notification issued MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 37/2019–Central Tax New Delhi, the 21st August, 2019 G.S.R. 589(E).—In exercise of …
IDS 2016 declaration can be declared void without show cause upon misrepresentation/suppression of facts. There is no provision to afford declarant a hearing prior to passing such order. ABCAUS Case Law Citation:ABCAUS 3125 (2019) (08) HC Important case law relied upon by the parties:Hemalatha Gargya v. Commissioner of …
Reopening done at the insistence of CIT held as change of opinion and was vitiated in law as it did not satisfy the legal requirement of Section 147 of the Act ABCAUS Case Law Citation:ABCAUS 3124 (2019) (08) HC Important case law relied upon by the parties:Larsen and …
CBT Approved Proposal to Recommend Amendment in EPS 1995 in 225th meeting held on 21st august, 2019 at Hyderabad In a major decision, the Central Board of Trustees (CBT) EPF in a meeting held at Hyderabad on 21 August 2019, approved the proposal to recommend for amendment in …
Due date for GSTR-3B return for July 2019 extended to 22/08/2019 and 20.09.2019 for flood affected seven State and Jammu and Kashmir-Notification issued MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 37/2019–Central Tax New Delhi, the 21st August, 2019 G.S.R. 589(E).—In exercise of …
Further extension of date of blocking e-way bill facility under Rule 138E to 21.11.2019 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 36/2019–Central Tax New Delhi, the 20th August, 2019 G.S.R. 583(E).—In exercise of the powers conferred by section 164 of the Central …
ICAI conducting online survey on GST Implementation in India 2 years have passed since implementation of GST in India. While many feel that the GST has facilitated ease of doing business, reduce interaction with the Government Officials, ease of compliance etc., those holding opposite views are also not …
MCA clarification on ‘appointed date’ u/s 232(6) of the Companies Act 2013 for merger/amalgamation. MCA issues circular to remove doubts/ambiguities in “appointed date” and “acquisition date” with respect to mergers/amalgamations Ministry of Corporate Affairs has issued a circular today clarifying the import of section 232(6) of the Companies …
Investor Education & Protection Fund Authority (Accounting, Audit, Transfer and Refund) 2nd Amendment Rules 2019 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 14th August, 2019 G.S.R. 571(E).—In exercise of the powers conferred under sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125 and …
Commencement of certain sections of Companies Amendment Act 2019. NFRA empowered to debar CA/Firm Government of IndiaMinistry of Corporate Affairs Notification New Delhi, the 14th August, 2019 S.O.-(E).- In exercise of the powers conferred by sub-section (3) of section 1 of the companies (Amendment) Act, 2019 (22 of …
Reopening done at the insistence of CIT held as change of opinion and was vitiated in law as it did not satisfy the legal requirement of Section 147 of the Act ABCAUS Case Law Citation:ABCAUS 3124 (2019) (08) HC Important case law relied upon by the parties:Larsen and …
Revision u/s 263 merely on ground of non-discussion / non-mentioning of reply to queries in assessment proceeding/order is invalid ABCAUS Case Law Citation:ABCAUS 3123 (2019) (08) HC Important case law relied upon by the parties:Malabar Industrial Company vs. CIT (2000) 109 taxman 66 (SC)CIT vs. Krishan Capbox Ltd. …
Incriminating documents belonging to or containing information pertaining to assessee. The High Court explains the amendment made in section 153C ABCAUS Case Law Citation:ABCAUS 3122 (2019) (08) HC Important case law relied upon by the parties: Pepsi Foods Pvt. Ltd. v. Assistant Commissioner of Income Tax (2014) 367 …
ICAI Implementation Guide to Standard on Auditing (SA) 570 (Revised) Going Concern The first edition of the “Implementation Guide to SA 570, Going Concern” was brought out by Auditing and Assurance Standards Board of ICAI in the year 2013. On account of revision of SA 570, there was …
ICAI Implementation Guide on Standard on Auditing (SA) 720 (Revised) with FAQs Standard on Auditing (SA) 720 (Revised), “the Auditor’s Responsibilities Relating to Other Information” was issued by the ICAI in 2018. The SA 720 was made applicable for audits of financial statements for financial year 2018-19 and …
Empanelment to act as ICAI observers for November 2019 CA Examination ICAI is empanelling its members (chartered accountants) to act as Observers for the forthcoming November-2019 Chartered Accountants Examinations scheduled as under: Foundation, Intermediate (IPC), Intermediate and Final exams (Old and New scheme, PQC) From 1st Nov 2019 …
ABCAUS Excel Depreciation Calculator FY 2018-19 under Companies Act 2013 as per Schedule-II Version 07.10 Dear Friends, The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. I am so glad to publish the much awaited utility today. The ABCAUS Depreciation calculator for …
Excel Challan 280 FY 2019-20 AY 2020-21 with database facility. Download ABCAUS Income Tax payment Challan No. ITNS 280 This excel Challan 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income tax other than companies. This challan …
Excel Income Tax TDS Challan ITNS-281 with database facility This excel based auto Challan ITNS 281 should be used for deposit of Tax Deducted at Source (TDS) on any heads of income or for deposit of Tax Collected at Source (TCS) by both companies (company deductees) or by …
Empanelment to act as ICAI observers for November 2019 CA Examination ICAI is empanelling its members (chartered accountants) to act as Observers for the forthcoming November-2019 Chartered Accountants Examinations scheduled as under: Foundation, Intermediate (IPC), Intermediate and Final exams (Old and New scheme, PQC) From 1st Nov 2019 …
Bank of Baroda RFP for appointment of Concurrent Auditor 2019-20 Appointment of -1- Concurrent Auditor to carry out Concurrent Audits of Branches/RLBO/CBOs/TFBO/CPC/ Other Units For each of the following Zones of Bank of Baroda Namely Ahmedabad Zone (Group I), Ahmedabad Zone (Group II), Meerut Zone (earlier Bareilly), Mangaluru …
Allahabad Bank Concurrent / Revenue Audit for the Year 2019-20 Last date 14th August, 2019 Allahabad Bank invites applications as per prescribed format from practicing firms of Chartered Accountants firms/Retired Officials of Allahabad Bank who are willing for empanelment as Concurrent / RevenueAuditor in the Bank. The panel …
