Bulk entries passed in books of accounts cannot be said to be entirely bogus expenses – ITAT In a recent judgment, the ITAT Chennai has held that practice of making bulk entries in books of accounts is indeed an accounting anomaly, but cannot be straightaway construed as booking …
CIT(A) exceeded his legal brief directing verification of receipts before granting of TDS In a recent judgment, the ITAT Kolkata has held that the CIT(A) exceeded his legal brief directing Assessing Officer (AO) to verify the receipts before granting of credit of TDS duly reflected in Form 26AS. …
Rectification order u/s 154 quashed by High Court, CPC directed to give Foreign Tax Credit In a recent judgment, the Hon’ble Madras High Court has set aside the rectification order passed u/s 154 and directed Centralized Processing Center (CPC) Bengaluru to take into consideration the Foreign Tax Credit …
Income tax prosecution u/s 276B rws 278B – Trial Court directed to consider Immunity in terms of CBDT circular In a recent judgment, the Hon’ble Allahabad High Court in a case of income tax prosecution u/s 276B r.w.s. 278B for late deposit of TDS has given liberty to …
Income surrender during survey on account of low GP rate not taxable to higher tax rate under deeming provisions u/s 115BBE – ITAT In a recent judgment, the ITAT Chandigarh has held that mere fact that survey has been carried out on the business premises of the assessee …
When assessee not liable to deduct TDS, no late fee u/s 234E can be imposed for late filing of TDS return by the assessee In a recent judgment, the ITAT Ahmadabad has held that when assessee not liable to deduct TDS, no late fee u/s 234E can be …
Bulk entries passed in books of accounts cannot be said to be entirely bogus expenses – ITAT In a recent judgment, the ITAT Chennai has held that practice of making bulk entries in books of accounts is indeed an accounting anomaly, but cannot be straightaway construed as booking …
CIT(A) exceeded his legal brief directing verification of receipts before granting of TDS In a recent judgment, the ITAT Kolkata has held that the CIT(A) exceeded his legal brief directing Assessing Officer (AO) to verify the receipts before granting of credit of TDS duly reflected in Form 26AS. …
Rectification order u/s 154 quashed by High Court, CPC directed to give Foreign Tax Credit In a recent judgment, the Hon’ble Madras High Court has set aside the rectification order passed u/s 154 and directed Centralized Processing Center (CPC) Bengaluru to take into consideration the Foreign Tax Credit …
Building can also be treated as a plant u/s 17(5)(d) of CGST Act 2017 for giving benefit of ITC – SC remands case to High Court to decide whether the shopping mall is a “plant” In a recent judgment, the Hon’ble Supreme Court has held that a building …
Principal Bench of the GSTAT to examine whether input tax credits benefit due to reduction in rate passed on to the consumers Section 171 of the CGST Act 2017 (the Act) empowers the Central Government to take anti-profiteering measures. It provides that any reduction in rate of tax …
GST Proceedings u/s 73 if finalized cannot be reopened u/s 74 except the case of fraud or wilful mis-statement or suppression of facts to evade tax. In a recent judgment, the Hon’ble Allahabad High Court has held that if the proceedings under Section 73 of the CSGT Act …
MCA appoints four Judicial Members and Technical Members appointed in National Company Law Appellate Tribunal MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 25th September, 2024 S.O. 4196(E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013 (18 of 2013) read with sub-section (2) of …
MCA relaxes time for producer companies for dematerialisation of securities. The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2024 MCA has notified the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2024 giving relaxation of time to producer companies in dematerialisation of securities MINISTRY OF CORPORATE AFFAIRS …
MCA notifies the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2024. MCA prescribes conditions for merger or amalgamation when the transferor foreign company incorporated outside India is a holding company and the transferee Indian company is a wholly owned subsidiary company incorporated in India MINISTRY OF CORPORATE AFFAIRS …
Bulk entries passed in books of accounts cannot be said to be entirely bogus expenses – ITAT In a recent judgment, the ITAT Chennai has held that practice of making bulk entries in books of accounts is indeed an accounting anomaly, but cannot be straightaway construed as booking …
CIT(A) exceeded his legal brief directing verification of receipts before granting of TDS In a recent judgment, the ITAT Kolkata has held that the CIT(A) exceeded his legal brief directing Assessing Officer (AO) to verify the receipts before granting of credit of TDS duly reflected in Form 26AS. …
Rectification order u/s 154 quashed by High Court, CPC directed to give Foreign Tax Credit In a recent judgment, the Hon’ble Madras High Court has set aside the rectification order passed u/s 154 and directed Centralized Processing Center (CPC) Bengaluru to take into consideration the Foreign Tax Credit …
Multipurpose Empanelment Form (MEF)- 2024-25 – Last date for submission extended to 21.10.2024 ICAI, considering the extension of tax audit filing period and to give adequate time to members to submit MEF thereafter, has extended the last date for submitting the MEF from 07th October 2024 to 21st …
ICAI extends last date for payment of Membership /COP fee for FY 2024-25 to 31st December, 2024. Announcement for Extension of last date for payment of Membership /COP fee for the year 2024-25 to 31st December, 2024 Members & Students Services DirectorateThe Institute of Chartered Accountants of India30th …
ICAI announces rescheduled dates for November 2024 Examination due to Diwali Festival ICAI announces rescheduled dates for November 2024 Exams. In view of Diwali (Deepavali) Festival across India, Chartered Accountants Final Examination, November 2024 has been rescheduled and the said examination shall now be held as per details …
Excel New Tax Regime Calculator to compare Tax under old and new Personal Tax Regime u/s 115BAC for AY 2025-26 Release of excel tax calculator for New Tax Regime for AY 2025-26. This Excel Calculator utility has been made to compare Tax under existing old and new Personal …
Excel Auto 234ABC Interest Calculator for AY 2024-25 with accurate calculation as per revised provisions. Download for Corporate and Non-corporate Assessees Section 234A, 234B and 234C of the Income tax Act, 1961 deals with interest for delay in ITR Filing or Short/Non deposit of Advance tax. Interest is …
Excel Income Tax Challan ITNS 280 for FY 2024-25 AY 2025-26 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 …
Multipurpose Empanelment Form (MEF)- 2024-25 – Last date for submission extended to 21.10.2024 ICAI, considering the extension of tax audit filing period and to give adequate time to members to submit MEF thereafter, has extended the last date for submitting the MEF from 07th October 2024 to 21st …
Application invited by EPFO for empanelment of Advocates for block year 2025-27 EPFO Notice inviting applications for empanelment of advocates for Mumbai II, Thane Zone, for the block year 2025-27 Employees’ Provident Fund Organisation (EPFO) proposes to engage panel counsels for block year 2025-27 to represent the Central …
Punjab National Bank has invited applications from firms of Chartered Accountants / Cost Accountants and individual CAs/Cost Accountants for empanelment as Stock & Receivable Auditors. PNB empanelment of stock and receivable auditors. will be based on merits and the bank reserves the right to reject any application without …
ICES to be used at International Courier Terminals to process export related payments CBIC has extended export related payment benefits for exports made through courier mode. The courier import and export shipments are handled on the Express Cargo Clearance System (ECCS) for clearance at the notified International Courier …
Implicating Customs Brokers as co-noticee in a routine manner, in matters involving interpretation of statute, must be avoided – CBIC Customs Brokers’ Associations had given representations to CBIC in respect of implicating Customs Brokers as co-noticee in the show cause notices issued to importers/exporters in matters involving interpretative …
For imported goods, it is impossible to claim CENVAT credit and hence custom duty exemption can not be denied. Supreme Court dismissed SLP In a recent order, Hon’ble Supreme Court has dismissed Special Leave Petition (SLP) of the Custom/Excise Department against the order of the CESTAT holding that …
Punjab National Bank has invited applications from firms of Chartered Accountants / Cost Accountants and individual CAs/Cost Accountants for empanelment as Stock & Receivable Auditors. PNB empanelment of stock and receivable auditors. will be based on merits and the bank reserves the right to reject any application without …
UCO Bank Concurrent Auditor Online Empanelment for FY 2024-25 the period 01.10.2024 to 30.09.2025. Last date for submission of application is 16.09.2024 UCO bank has invited Expression of interest for empanelment of Concurrent Auditors for FY 2024-25 LAST DATE FOR SUBMISSION OF APPLICATION 16.09.2024 UCO Bank Concurrent Auditor …
Airport Authority of India has issued tender for engagement of auditor for conducting concurrent Audit For Bhopal Airport for FY 2024-25 Airport Authority of India (AAI) has invited tender for concurrent audit of Bhopal Airport for FY 2024-25. Audit is to be carried out by the CA firm …
