High Court sets aside demand notices in respect of a period, for which the assessee had discharged tax liability under SVLDRS In a recent judgment, Hon’ble Bombay High Court has held that the demand of service tax interest and penalty in respect of a period, for which the …
Addition u/s 68 can not be made applicable where there is no fresh receipt of unsecured loans at all during the year – ITAT In a recent judgment, Agra ITAT has held that addition u/s 68 of the Act could be made applicable where there is no fresh …
Amount of taxes on sales comprising in turnover to be excluded while computing gross receipts for estimating net profit – ITAT In a recent judgment, ITAT Hyderabad directed AO to exclude the amount of taxes collected on sales comprised in turnover, while computing gross receipts for the purpose …
Addition u/s 69A confirmed as alleged capital contribution by partners was deposited in bank account of assessee not in account of partnership firm In a recent judgment, Andhra Pradesh High Court confirmed addition under section 69A of Income Tax Act as the alleged capital contribution by the partners …
Allahabad High Court grants bail to Chartered Accountant accused in a GST evasion to the tune of more than 40 crores In a recent judgment, Hon’ble Allahabad High Court has granted bail to a Chartered Accountant accused in a GST evasion to the tune of more than 40 …
Every provision invoked casts a different sort of onus on the assessee – ITAT deleted addition u/s 69 towards bogus purchases – ITAT In a recent judgment, ITAT Delhi has held that every provision invoked casts a different sort of onus on the assessee and assertion that merely …
Addition u/s 68 can not be made applicable where there is no fresh receipt of unsecured loans at all during the year – ITAT In a recent judgment, Agra ITAT has held that addition u/s 68 of the Act could be made applicable where there is no fresh …
Amount of taxes on sales comprising in turnover to be excluded while computing gross receipts for estimating net profit – ITAT In a recent judgment, ITAT Hyderabad directed AO to exclude the amount of taxes collected on sales comprised in turnover, while computing gross receipts for the purpose …
Addition u/s 69A confirmed as alleged capital contribution by partners was deposited in bank account of assessee not in account of partnership firm In a recent judgment, Andhra Pradesh High Court confirmed addition under section 69A of Income Tax Act as the alleged capital contribution by the partners …
Allahabad High Court grants bail to Chartered Accountant accused in a GST evasion to the tune of more than 40 crores In a recent judgment, Hon’ble Allahabad High Court has granted bail to a Chartered Accountant accused in a GST evasion to the tune of more than 40 …
Govt has notified the Manipur Goods and Services Tax (Second Amendment) Act, 2025 The Bill was introduced in Lok Sabha on 1st December, 2025. It received the assent of the President on the 10th December, 2025. Save as otherwise provided in the amendment Act, sections 2 to 5, …
GSTN Advisory on Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details as per Rule 10A As per Rule 10A, taxpayers (except those registered under TCS, TDS, or Suo-moto registrations) must furnish their bank account details within 30 days of grant of registration or before …
Small Company threshold of paid-up capital increased to Rs. ten crores and turnover to Rs. hundred crores w.e.f. 1st December 2025. What is a small company? Answer: Before the amendment, as per section 2(85) of the Companies Act 2013, to pass the test of a small company it …
Government established ten new offices of Regional Directors MCA under LLP Act 2008/Companies Act 2013 The Central Government, in exercise of the powers under section 68A of the Limited Liability Partnership Act, 2008 and section 396 of the Companies Act 2013 has established Regional Directors offices to discharge …
MCA establishes Ten new offices of Registrars of Companies in India for registration of LLPs The Ministry of Corporate Affairs has established ten new offices of Registrars of Companies in India for the purpose of registration of Limited Liability Partnerships (LLPS) and discharging the functions under the Limited …
High Court sets aside demand notices in respect of a period, for which the assessee had discharged tax liability under SVLDRS In a recent judgment, Hon’ble Bombay High Court has held that the demand of service tax interest and penalty in respect of a period, for which the …
Addition u/s 68 can not be made applicable where there is no fresh receipt of unsecured loans at all during the year – ITAT In a recent judgment, Agra ITAT has held that addition u/s 68 of the Act could be made applicable where there is no fresh …
Amount of taxes on sales comprising in turnover to be excluded while computing gross receipts for estimating net profit – ITAT In a recent judgment, ITAT Hyderabad directed AO to exclude the amount of taxes collected on sales comprised in turnover, while computing gross receipts for the purpose …
ICAI notifies Dates of CA Foundation, Intermediate and Final Exams May 2026 The Institute of Chartered Accountants of India has announced the dates of next Chartered Accountants Foundation, Intermediate and Final Examinations to be held in May 2026 Dates of CA Exams May 2026 Schedule FOUNDATION COURSE EXAMINATIONÂ …
The ICAI has announced that provisions of the Income-tax Act, 2025 shall be applicable to CA exams conducted from 1st May 2027 Onward As per the announcement, ICAI has stated that the Income-tax Act, 2025 has received the assent of the Hon’ble President of India on 21st August …
ICAI sets up two new branches : at Morbi and Bhiwandi The Institute of Chartered Accountants of India (ICAI) has changed the name of Ahmednagar Branch of WRIC of ICAI as Ahilyanagar Branch. ICAI has also notified the setting up of two branches of ICAI first at Morbi …
Excel Auto 234ABC Interest Calculator for AY 2025-26 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 2025-26 AY 2026-27 with database facility. Download ABCAUS Income Tax payment Challan No. ITNS 280Â 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 …
Excel Income Tax TDS Challan ITNS-281 for FY 2025-26 : AY 2026-27 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 …
NALCO invites RFP for empanelment of Chartered Accountant Firms for verification of Stores/Spares and movable assets. NALCO has invited Request for Proposal (RFP) for Empanelment/Appointment of Chartered Accountant / Cost Accountant Firms for Conducting Physical Verification of Stock of Stores/ Spare Parts, Raw Materials, Finished Products and Movable …
Competition Commission of India inviting applications for engagement of Young Professionals (YPs) The Competition Commission of India, New Delhi is inviting applications from eligible candidates for engagement of Young Professionals (YPs) on contract basis, to be posted at Delhi/Mumbai/Chennai. The selected YPs shall be posted in the following …
NALCO invites RFP for empanelment of chartered accountant/cost accountant firms for conducting internal audit. National Aluminium Company Limited (NALCO) invites Request for Proposal (RFP) for empanelment/ appointment of chartered accountant/ cost accountant firms for conducting internal audit. National Aluminium Company Limited (NALCO) is a Navratna CPSE under administrative …
Entire manufacturing process though by distinct units relevant for exemption from excise duty on account of manufacture without aid of power. In a recent judgment, Hon’ble Supreme Court has held that entire manufacturing process of conversion of grey fabrics into cotton fabrics though by distinct units is to …
Before staying CESTAT order the High Court should have framed the substantial questions of law and thereafter could have passed the stay order. In a recent judgment, Hon’ble Supreme Court has held that before staying order of CESTAT the correct course to be followed by the High Court …
CBIC issues guidelines regarding Revision of Entries post Clearance under section 18A of the Customs Act 1962 Under Section 18A, inserted vide the Section 93 Finance Act, 2025 providing a facility of revision of entry(ies) already made in relation to the goods, after customs clearance has been given. …
NFRA invites applications from CAs/CMA and other professionals for position of Young Professional on contract basis The National Financial Reporting Authority (NFRA) invites applications from dynamic and motivated Chartered Accountants (CAs)/ Cost Accountants (CMA)/ MBA holders/ IT professionals for the position of Young Professional purely on contract basis, …
Engagement of two Young Professionals (Finance) in the office of Central Registrar of Cooperative Society on contractual basis. The office Of Central Registrar of Cooperative Societies invites applications from eligible individuals for contractual appointment to the 02 posts of Young Professional (Finance) as per the enclosed annexure. Interested …
Chartered Accountant accused of forgery and misappropriation of fund by advising investment in a particular firm gets bail In a recent judgment, Hon’ble Allahabad High Court granted bail to a Varanasi based Chartered Accountant who was accused of forgery and misappropriation of fund by advising investment in a …
