ITAT quashed disallowance u/s 40A(3) as assessee never operated any bank account In a recent judgment, ITAT Delhi quashed disallowance u/s 40A(3) where assessee never operated any bank account for running the business, it was held that invoking provisions of section 40A(3) overlooking the business expediency and also …
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 …
Bar Council of India may now invest funds in Private Sector Banks BAR Council of India has amended its Rule to authorise it to invest its funds in Scheduled Commercial Public Sector and/or Private Sector Banks in India. BAR COUNCIL OF INDIA NOTIFICATION New Delhi, the 24th August, …
ICAI sets up a Branch of SIRC in Vizianagaram District with effect from August 14, 2024 ICAI has set up a Branch of Southern India Regional Council (SIRC) in Vizianagaram District (Andhra Pradesh) with effect from August 14, 2024. The Branch shall be known as Vizianagaram District Branch …
ITAT set aside order as in Form No.35 assessee had clearly indicated his choice that no notice/communication should be sent on email In a recent judgment, ITAT Ahmedabad set aside appeal order as assessee in Form No. 35 had clearly indicated his choice that no notice/communication should be …
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 …
ITAT quashed disallowance u/s 40A(3) as assessee never operated any bank account In a recent judgment, ITAT Delhi quashed disallowance u/s 40A(3) where assessee never operated any bank account for running the business, it was held that invoking provisions of section 40A(3) overlooking the business expediency and also …
ITAT set aside order as in Form No.35 assessee had clearly indicated his choice that no notice/communication should be sent on email In a recent judgment, ITAT Ahmedabad set aside appeal order as assessee in Form No. 35 had clearly indicated his choice that no notice/communication should be …
Mere non submission of the PAN details will not lead to disallowance u/s 68 – ITAT In a recent judgment, ITAT Delhi has held that mere non submission of the PAN details will not lead to disallowance of cash credits u/s 68 of the Income Tax Act, 1961. …
Recommendations during 54th meeting of the GST Council held on 09.09.2024. The 54th meeting of the GST Council was held at New Delhi today on 09.09.2024. The GST Council inter-alia made the following recommendations relating to changes in GST tax rates, provide relief to individuals, measures for facilitation of trade and measures …
High Court grants bail to ITC scam accused as GST liability was yet to be not determined. In a recent judgment, Hon’ble High Court of Punjab & Haryana granted bail to ITC scam accused as GST liability was yet to be determined and the assessee was not habitual …
GST appeal cannot be dismissed for non filing certified copy of impugned order In a recent judgment, Hon’ble Allahabad High Court has reiterated that non filing of certified copy of the impugned order within time in the GST appeal filed through electronic mode is a technical error and …
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 …
MCA notifies Indian Accounting Standard (Ind AS) 117 Insurance Contracts MCA has notified Indian Accounting Standard (Ind AS) 117 Insurance Contracts. The Central Government, in consultation with the National Financial Reporting Authority, (NFRA) has notified the Companies (Indian Accounting Standards) Amendment Rules, 2024 which have amended the Companies …
Power of striking off name of defunct LLP to be exercised by Centre for Processing Accelerated Corporate Exit (CPACE). The Limited Liability Partnership (Amendment) Rules, 2024 Ministry Of Corporate Affairs NOTIFICATION New Delhi, the 5th August, 2024 G.S.R. 475(E).—In exercise of the powers conferred by sub-sections (1) and …
ITAT quashed disallowance u/s 40A(3) as assessee never operated any bank account In a recent judgment, ITAT Delhi quashed disallowance u/s 40A(3) where assessee never operated any bank account for running the business, it was held that invoking provisions of section 40A(3) overlooking the business expediency and also …
ITAT set aside order as in Form No.35 assessee had clearly indicated his choice that no notice/communication should be sent on email In a recent judgment, ITAT Ahmedabad set aside appeal order as assessee in Form No. 35 had clearly indicated his choice that no notice/communication should be …
Mere non submission of the PAN details will not lead to disallowance u/s 68 – ITAT In a recent judgment, ITAT Delhi has held that mere non submission of the PAN details will not lead to disallowance of cash credits u/s 68 of the Income Tax Act, 1961. …
ICAI sets up a Branch of SIRC in Vizianagaram District with effect from August 14, 2024 ICAI has set up a Branch of Southern India Regional Council (SIRC) in Vizianagaram District (Andhra Pradesh) with effect from August 14, 2024. The Branch shall be known as Vizianagaram District Branch …
ICAI notifies dates of next elections for 26th Central Council and 25th Regional Councils to be held in December 2024 Institute of Chartered Accountants of India has notified the dates relating to the next elections of members to its Twenty Sixth Central Council and Twenty Fifth Regional Councils. …
ICAI re-Opens of Online Filling of Exam Application Form for November 2024 CA Exams Re-Opening of Online Filling of Examination Application Form for Chartered Accountants Examinations, November 2024. ICAI vide notification dated 15th April 2024 had decided has decided that from May/June 2024 onwards, Intermediate & Foundation course …
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 …
ABCAUS Excel Depreciation Calculator FY 2023-24 under Companies Act 2013 as per Schedule-II Version 05.18 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2023-24 has also been formulated and styled the same way as its …
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 …
H.P. State Cooperative Bank Ltd invites applications from CA firms for concurrent audit for FY 2024-25 EOI for Selection & Empanelment of Chartered Accountant Firms for Concurrent Audit of Bank’s Branches for FY 2024-2025 The H.P. State Cooperative Bank Ltd. has invited applications from practicing firms of Chartered …
Andhra Pradesh Grameena Vikas Bank invites applications for empanelment of Chartered Accountant firms for conducting of Concurrent Audit for FY 2024-25 Empanelment of Chartered Accountant firms for conducting of Concurrent Audit at Andhra Pradesh Grameena Vikas Bank, Warangal. Eligibility Criteria For Empanelment Of Chartered Accountant Firms as Concurrent …
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 …
Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2024 CBIC has notified phase-wise implementation of the Sea Cargo Manifest and Transshipment Regulations (SCMTR) vide Notification No. 57/2024-Customs (N.T.) dated 31st August, 2024. The SCMTR seeks to bring about transparency, predictability of movement, advance collection of information for expeditious …
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 …
NFRA penalises Chartered Accountant for misrepresenting facts holding that misrepresenting facts in NFRA proceedings amounts to professional misconduct. In a recent judgment, National Financial Reporting Authority (NFRA) has penalised a CA holding that misrepresentation of facts during NFRA proceedings under section 132(4) of the Companies Act 2013 amounted …
