Canara Bank Online Concurrent Auditors Empanelment 2020-21. Last Date 05.06.2020
May 25, 2020
Empanelment
Canara Bank Online Concurrent Auditors Empanelment 2020-21. Last Date to apply online is 05.06.2020
Latest Post
ABCAUS Excel Depreciation Calculator FY 2019-20 under Companies Act 2013 -Download
May 24, 2020
Calculators, Companies Act
ABCAUS Excel Depreciation Calculator FY 2019-20 under Companies Act 2013 as per Schedule-II Version 05.00 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 …
Extension of moratorium on Term Loan EMIs, working capital interest deferment till 31.08.2020
May 23, 2020
RBI
Extension of moratorium on Term Loans EMI, deferment of Interest on Working Capital facilities by further 3 months from 01.06.2020 to 31.08.2020 Earlier, RBI on 27th March, 2020 has issued an Statement setting out various developmental and regulatory policies addressing the stress in financial conditions caused by COVID-19 …
ICAI Guidance Note on Subsequent Events-Key Audit Considerations amid COVID-19
May 23, 2020
ICAI
ICAI releases Guidance Note on “Subsequent Events –Key Audit Considerations amid COVID-19” ICAI has released an Auditing Guidance on “Subsequent Events –Key Audit Considerations amid COVID-19” for the benefit of the members. The guidance note highlights the key areas where focus is desired due to Covid-19 pandemic on …
Provisional attachment of benami property purchased prior to Amendment Act 2016 upheld
May 22, 2020
Benami, Income Tax
Provisional attachment of property purchased prior to Benami Transaction (Prohibition) Amendment Act, 2016 upheld by High Court ABCAUS Case Law Citation:ABCAUS 3313 (2020) (05) HC Important case law relied upon by the parties:R Rajgopal Reddy vs. Padmini Chandrasekharran (1995) 2 SCC 630Mangathai Ammal (Died) through L.Rs. and Others …
Kerala Cooperative Development & Welfare Fund Board notified for Income Tax exemption
May 21, 2020
Income Tax
Kerala Cooperative Development & Welfare Fund Board notified for income tax exemption u/s 10(46) for five AYs 2019-20 to 2023-24. CBDT Notification 26/2020 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 26/2020 New Delhi, the 21st May, 2020 S.O. 1563(E).—In exercise of the powers conferred …
Income Tax Read More
Provisional attachment of benami property purchased prior to Amendment Act 2016 upheld
May 22, 2020
Benami, Income Tax
Provisional attachment of property purchased prior to Benami Transaction (Prohibition) Amendment Act, 2016 upheld by High Court ABCAUS Case Law Citation:ABCAUS 3313 (2020) (05) HC Important case law relied upon by the parties:R Rajgopal Reddy vs. Padmini Chandrasekharran (1995) 2 SCC 630Mangathai Ammal (Died) through L.Rs. and Others …
Kerala Cooperative Development & Welfare Fund Board notified for Income Tax exemption
May 21, 2020
Income Tax
Kerala Cooperative Development & Welfare Fund Board notified for income tax exemption u/s 10(46) for five AYs 2019-20 to 2023-24. CBDT Notification 26/2020 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 26/2020 New Delhi, the 21st May, 2020 S.O. 1563(E).—In exercise of the powers conferred …
Section 269SU not to apply to businesses having only B2B transactions
May 21, 2020
Income Tax
Section 269SU related to provision of electronic mode for acceptance of payments not to apply to businesses having only B2B transactions Circular No. 12/2020 F.No.370142/3512019-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes**** Dated: 20th May, 2020 Subject: Clarifications in respect of prescribed electronic modes under …
GST Read More
Transitional credit for unavailed CENVAT-Amended provisions effective from 18.05.2020
May 16, 2020
GST
Transitional credit of ITC in electronic credit ledger for unavailed CENVAT – Amended provisions effective from 18.05.2020 Transitional credit of unavailed CENVAT MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 43/2020 –Central Tax New Delhi, the 16th May, 2020 G.S.R.299(E).—In exercise of the …
Time for producing certificates by Importers for custom/IGST exemption extended
May 14, 2020
Excise/Custom, GST
Time Limit for production of various certificates by Importers for custom/IGST exemption extended MINISTRY OF FINANCE(Department of Revenue) Notification No. 23/2020-Customs New Delhi, the 14th May, 2020 G.S.R. 296 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of …
Extension of last date for filing FORM GSTR-3B in Jammu Kashmir and Ladakh
May 5, 2020
GST
Extension of last date for filing FORM GSTR-3B in Jammu Kashmir, Ladakh MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 42/2020–Central Tax New Delhi, the 5th May, 2020 G.S.R. 276(E).—In exercise of the powers conferred by section 168 of the Central Goods …
Companies Act Read More
ABCAUS Excel Depreciation Calculator FY 2019-20 under Companies Act 2013 -Download
May 24, 2020
Calculators, Companies Act
ABCAUS Excel Depreciation Calculator FY 2019-20 under Companies Act 2013 as per Schedule-II Version 05.00 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 …
MCA further extends time period for Reservation / Re-submission of names
May 20, 2020
Companies Act
MCA further extended time period for Reservation / Re-submission of names for Companies & LLP’s MCA further extends time period for Reservation / Re-submission of names The following extended period/days has been hosted at MCA website Period/Days of Extension for Names Reserved and Resubmission of Forms S. No. …
Clarification on dispatch of notice u/s 62(2) of Companies Act 2013 by listed companies for rights issue
May 11, 2020
Companies Act
Clarification on dispatch of notice under section 62(2) of Companies Act, 2013 by listed companies for rights issue opening upto 31st July, 2020 General Circular No. 21/2020 F. No. 2/4/2020-CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. R. P. Road, New Delhi-110001Dated: 11th May, 2020 ToAll Regional Directors,All …
Judgments Read More
Surplus due to foreign exchange rate fluctuation part of export turnover u/s 80HHC – High Court
May 20, 2020
High Courts, Income Tax
Surplus due to foreign exchange rate fluctuation part of export turnover u/s 80HHC in the year of receipt if brought to India within prescribed time ABCAUS Case Law Citation:ABCAUS 3312 (2020) (05) HC Important case law relied upon by the parties:RaghunathExport (P) Ltd. v. Commissioner of Income-TaxCommissioner ofIncome-Tax …
Prosecution u/s 276C against Official Liquidator of company. HC dismissed application
May 19, 2020
High Courts, Income Tax
Prosecution u/s 276C of Official Liquidator of company. High Court dismissed the application of Income Tax Department ABCAUS Case Law Citation:ABCAUS 3311 (2020) (05) HC Prosecution u/s 276C against Official Liquidator of company In the instant case, the Principal Commissioner of Income Tax (PCIT) had made an application …
ALP determined in good faith & with due diligence by assessee not liable to penalty u/s 271(1)(c)
May 18, 2020
Income Tax, ITAT
ALP determined in good faith and with due diligence by assessee was not liable to penalty u/s 271(1)(c) ABCAUS Case Law Citation:ABCAUS 3310 (2020) (05) ITAT Important case law relied upon by the parties:Dharmendra Textile Processors 295 ITR 244Zoom Communication Pvt. Ltd. 327 ITR 510MAK Data Pvt. Ltd. …
ICAI Read More
ICAI Guidance Note on Subsequent Events-Key Audit Considerations amid COVID-19
May 23, 2020
ICAI
ICAI releases Guidance Note on “Subsequent Events –Key Audit Considerations amid COVID-19” ICAI has released an Auditing Guidance on “Subsequent Events –Key Audit Considerations amid COVID-19” for the benefit of the members. The guidance note highlights the key areas where focus is desired due to Covid-19 pandemic on …
ICAI advisory cautioning on fake social media pages of the Institute operated illegally
May 14, 2020
ICAI
ICAI advisory cautioning on fake social media pages of the Institute operated illegally with ICAI’s name and logo. List of verified Social Media Accounts ICAI Announcement ICAI Advisory for Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large in respect of Fake …
Retrospective Restoration of ICAI Membership/COP for 2019-2020
May 14, 2020
ICAI
Retrospective Restoration of ICAI Membership/COP for 2019-2020. Form 9 / Form 101 and applicable fee can be submitted till midnight of 31st May 2020 Retrospective Restoration of ICAI Membership/COP for 2019-2020 ICAI Announcement The sudden developments in regard to corona virus pandemic in the country have resulted in …
Downloads Read More
ABCAUS Excel Depreciation Calculator FY 2019-20 under Companies Act 2013 -Download
May 24, 2020
Calculators, Companies Act
ABCAUS Excel Depreciation Calculator FY 2019-20 under Companies Act 2013 as per Schedule-II Version 05.00 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 with database AY 2021-22 Latest version 14.00
May 3, 2020
Income Tax, Taxation
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 280 FY 2020-21 AY 2021-22 with database facility – Download
May 3, 2020
Income Tax, Taxation
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 …
Empanelment Read More
Canara Bank Online Concurrent Auditors Empanelment 2020-21. Last Date 05.06.2020
May 25, 2020
Empanelment
Canara Bank Online Concurrent Auditors Empanelment 2020-21. Last Date to apply online is 05.06.2020
Bank of Maharashtra Concurrent Audit online empanelment for FY 2020-21 Apply Now
March 12, 2020
Empanelment
Bank of Maharashtra Concurrent Audit online empanelment FY 2020-21 FAQ (Points To be Noted): (1)) Application once submitted will not be allowed to modify.(2) If any correction is needed in already submitted application then fresh application needs to be submitted(3) In case of multiple application submission by an …
Appointment of Indirect / Direct Tax Consultant & GST Auditor of DICGC
March 3, 2020
Empanelment
Appointment of CA/CMA firm for Indirect/Direct Tax Consultant & GST Auditor of DICGC for FY 2020-21 / FY 2018-19 Deposit Insurance and Credit Guarantee Corporation (DICGC) has invited following Tenders/RFP: (a) GST Auditor Request for Proposal (RfP) for Appointment of Chartered Accountant/ Cost Accountant firm for carrying out …
Excise/Custom Read More
Time for producing certificates by Importers for custom/IGST exemption extended
May 14, 2020
Excise/Custom, GST
Time Limit for production of various certificates by Importers for custom/IGST exemption extended MINISTRY OF FINANCE(Department of Revenue) Notification No. 23/2020-Customs New Delhi, the 14th May, 2020 G.S.R. 296 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of …
Sabka Vishwas Legacy Dispute Resolution Scheme-Extension of timeline for designated committee
May 14, 2020
Excise/Custom
Sabka Vishwas Legacy Dispute Resolution Scheme-Extension of timeline for verification of declaration by designated committee & issue of estimate MINISTRY OF FINANCE(Department of Revenue) Notification No. 01/2020-Central Excise (N.T.) New Delhi, the 14th May, 2020 G.S.R.295(E).—In exercise of the powers conferred by sub-section (1) and (2) of section …
Provisional Custom Clearance of Goods -Unsigned/digital Certificate of Origin to be valid
May 8, 2020
Excise/Custom
Provisional Custom Clearance of Goods under India’s Trade Agreements. Digitally signed copy or unsigned copy of Certificate of Origin (CoO) to be valid Instruction No. 04/2020 -Customs F. No. 15021/10/2020-ICD (CBEC)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsInternational Customs Division***** Room No. 49, …
CA CS CMA Read More
Applications invited from Company Secretaries for contractual vacancies in IEPFA
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. Key concerns/takeaways
November 29, 2019
CA CS CMA, Chartered Accountants, ICAI
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 …
Engagement of Company Secretary – ICSI invites applications for contractual vacancies at MCA
September 30, 2019
CA CS CMA, Empanelment, ICSI
Engagement of Company Secretary – ICSI invites applications for contractual vacancies at MCA and its field offices, particularly, Office of RD North Region PLACEMENT CELL, ICSIEngagement of Company Secretary (CS) Information about the VacancyICSI, on behalf of Ministry of Corporate Affairs, invites application from Company Secretary Professionals for …