CBDT diverts IRS in the grade of PCIT, CCIT, CIT to newly created NeAC Delhi and ReACs, re-designates earlier created posts. Read CBDT Order CBDT has diverted 159 existing posts in the grades of CCIT, PCIT and CIT India Revenue Service (IRS) to the newly created National e-Assessment …
Handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-redressal of grievances by listed companies CIRCULAR SEBI/HO/OIAE/IGRD/CIR/P/2020/152 13 August, 2020 To,All companies whose securities are listed on SEBI recognized Stock Exchanges (through Stock Exchanges)All Recognized Stock ExchangesAll DepositoriesAll Investor Associations Dear Sir/ Madam, Sub: Investor …
E-assessment Scheme 2019 now renamed as Faceless Assessment Scheme 2019 E-assessment Scheme 2019 has now been renamed as Faceless Assessment Scheme 2019. Today, CBDT vide order 119 had directed that from 13.08.2020 all assessment shall be faceless and orders to be passed by the National e-Assessment Centre. These …
Only DG Investigation and Commissionerates TDS authorised to have power to order income tax survey u/s 133A with effect from 13th August, 2020. F. No. 187/3/2020-ITA-IGovernment of IndiaMinistry of Finance Department of Revenue (Central Board of Direct Taxes)***** North Block, New Delhi – 110001. Dated the 13th August, …
Do role of CA CS CMA as authorised representative going to end as per Taxpayers Charter Under the provisions of section 288 of the Income Tax Act, 1961 an assessee/taxpayer may be represented by an authorised representative before an Income Tax Authority or ITAT. Sub section (2) provides …
New Taxpayers’ Charter issued. Know Rights & Obligations of taxpayers Ministry of Finance has issued detailed Taxpayers’ Charter in line with announcement by Prime Minister of India Indian Taxpayers’ Charter – Rights and Obligations of Taxpayers This Taxpayer Charter spells out the various commitments made by the Income …
CBDT diverts IRS in the grade of PCIT, CCIT, CIT to newly created NeAC Delhi and ReACs, re-designates earlier created posts. Read CBDT Order CBDT has diverted 159 existing posts in the grades of CCIT, PCIT and CIT India Revenue Service (IRS) to the newly created National e-Assessment …
E-assessment Scheme 2019 now renamed as Faceless Assessment Scheme 2019 E-assessment Scheme 2019 has now been renamed as Faceless Assessment Scheme 2019. Today, CBDT vide order 119 had directed that from 13.08.2020 all assessment shall be faceless and orders to be passed by the National e-Assessment Centre. These …
Only DG Investigation and Commissionerates TDS authorised to have power to order income tax survey u/s 133A with effect from 13th August, 2020. F. No. 187/3/2020-ITA-IGovernment of IndiaMinistry of Finance Department of Revenue (Central Board of Direct Taxes)***** North Block, New Delhi – 110001. Dated the 13th August, …
Functionality to file Revocation Application against GST Registration cancellation order enabled at GSTN Portal under Removal of Difficulty. Functionality to file Revocation Application In view of the Removal of Difficulty Order No. 01/2020 dated 25.06.2020, the restriction on filing revocation application, in case it was rejected, has been …
How to use Offline Tool to prepare Form GSTR-4 Annual Return by Composition Taxpayers An EXCEL based offline tool has been provided on GST portal for composition taxpayers to prepare their GSTR-4 Annual Return. 1.Steps to use the offline tool: Whether step is Online or Offline Steps to …
CBIC amends Form GST INV-01. Notifies Format/Schema for e-Invoice Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 60/2020 –Central Tax New Delhi, the 30th July, 2020 G.S.R…(E). -In exercise of the powers conferred by section 164 of …
Government appoints Shri Keshav Chandra, IAS as Director in the Serious Fraud Investigation Office (SFIO) under Ministry of Corporate Affairs MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11th August, 2020 S.O. 2709(E).—In exercise of the powers conferred under sub-section (3) of Section 211 of the Companies Act, …
MCA relaxes dispatch of notice u/s 62(2) of Companies Act, 2013 by listed companies for rights issues opening upto 31st December, 2020 inability to dispatch the relevant notice to shareholders through registered post or speed post or courier would not be viewed as violation of section 62(2) of …
Investigation of misbehavior/incapacity of NCLAT / NCLT Chairman/President etc. MCA notifies Rules for Inquiry Procedures NCLT & NCLAT Procedure for investigation of misbehavior or incapacity of Chairperson, President and other Members Rules, 2020. Ministry of Corporate Affairs have notified the National Company Law Tribunal and National Company Law Appellate …
Market value of stock instead of cost no basis to determine undisclosed income. Penalty u/s 271AAB not mandatory ABACUS Case Law CitationABCAUS 3363 (2020) (08) ITAT Important case law relied upon by the parties:M/s Sumangal Gems vs. DCIT In the instant case, the assessee had challenged the order …
Expenditure on ERP Software allowed as Revenue in nature despite being treated as deferred revenue expenditure in the books of accounts ABACUS Case Law CitationABCAUS 3362 (2020) (08) ITAT Important case law relied upon by the parties:CIT vs Associated Cement Companies Ltd: 172 ITR 257 (SC)Alembic Chemical Works …
Daughters have coparcenary rights from birth even if father not alive on commencement of Hindu Hindu Succession (Amendment) Act 2005 i.e. 9.9.2005 ABACUS Case Law CitationABCAUS 3361 (2020) (08) SC Important case law relied upon by the parties:Prakash & Ors. v. Phulavati & Ors., (2016) 2 SCC 36Danamma …
ICAI to open Additional Examination Centres in view of Covid-19 Pandemic. Uttar Pradesh, Bihar and Madhya Pradesh tops the list with maximum centres ICAI, in view of the COVID-19 pandemic has decided to open Additional Examination Centres subject to sufficient number of candidates offering themselves to appear. The …
ICAI 10 Frequently Asked Questions on the SEBI Settlement Scheme 2020 – One Time Settlement Scheme issued by the Securities Exchange of India The Securities Exchange Board of India has introduced a new scheme vide Public Notice dated 27th July, 2020 called Settlement Scheme (“the Scheme”) in …
ICAI offers Financial Assistance for treatment of Corona disease ICAI Financial Assistance for Corona disease The Institute of Chartered Accountants of India (ICAI) in view of the difficulties being faced by Members due to Covid-19 pandemic, has decided to grant Medical Financial Assistance to its Members and their …
ABCAUS Excel Depreciation Calculator FY 2019-20 under Companies Act 2013 as per Schedule-II Version 05.28 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 for FY 2019-20 today. The ABCAUS Depreciation …
Excel Income Tax TDS Challan ITNS-281 version 14.00 for AY 2021-22 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 …
Excel Challan ITNS 280 FY 2020-21 AY 2021-22 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 …
Punjab & Sind Bank Concurrent Audit Online Empanelment 2020-21 Punjab & Sind Bank has invited applications from interested Chartered Accountant Firm for the Concurrent Audits of Their Branches for the period 2020-21 The last date for submission of online application is 15.07.2020 Link to apply online Click Here …
Indian Overseas Bank Concurrent Audit Empanelment for the period 01.07.2020 to 30.06.2021. Applications to be sent manually. last date 28-06-2020 TERMS & CONDITIONS IOB Concurrent Audit Empanelment The following basic criteria is generally followed by the Bank in selection of audit firms for conducting concurrent audit. However detailed …
Bank of India-Online Concurrent / Revenue Audit Empanelment Application for FY 2020-21. Last Date to apply is 22.06.2020 Bank of IndiaInspection and Audit Department, Head Office Empanelment Notice for Concurrent / Revenue Auditor FY 2020-21 Bank of India invites online application from eligible CA firms as Concurrent and …
Revised Custom procedure for import clearance of pets/live animals including cats & dogs. steps for importers/Airlines before arrival Circular No.35/2020-Customs F.No.401/21/2020-Cus.IIIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs) Room No. 229B, North Block, New Delhi, Dated the 10th of August, 2020 To,All Principal …
Inland Container Depot appointed in Jalpaiguri for Unloading of imported goods and loading of export goods MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.67/2020-Customs (N.T.) New Delhi, the 4th August, 2020 G.S.R. 487(E).—In exercise of the powers conferred by clause (aa) of sub-section …
Extension of transitional provisions of Sea Cargo Manifest and Transhipment Regulations 2018 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 66/2020-Customs (N.T.) New Delhi, the 31st July, 2020 G.S.R.486(E).—In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, …
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 …
