Guidelines-Income Tax compulsory selection of returns for Complete Scrutiny during Financial Year 2020-21 & conduct of assessment proceedings F.No.225/126/2020/ITA-IIGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes (ITA-II division) North Block, New Delhi, the 17th September, 2020 ToAll Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-Tax …
Empanelment to act as ICAI Exam observers for Nov 2020 CA Exam reopened. Last date extended to 20.09.2020 EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS NOVEMBER 2020 ICAI has reopened the window for empanelment of members to act as observers …
Revision u/s 263 to exclude issues settled in Vivad se Vishvas Scheme 2020. ITAT directs AO not to consider capital gains from penny stock while passing fresh order ABCAUS Case Law CitationABCAUS 3396 (2020) (09) ITAT Important case law relied upon by the parties:Price Water House vs ACIT …
GST e-invoice System – FAQs A.E-invoice -Basics: 1. What is ‘e-invoicing’? As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoic e Registration Portal (IRP) and obtain an Invoice Reference …
CA making application for ICAI membership/restoration of name after a period of three years from passing final exam/removal of name to pass Assessment THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 14th September, 2020 No.1-CA(7)/195/2020.—The following draft of certain regulations further …
Violation of provisions of Company Law by Companies and action taken by MCA. Today, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha informed about the action taken by the MCA on companies that have violated the provisions …
Guidelines-Income Tax compulsory selection of returns for Complete Scrutiny during Financial Year 2020-21 & conduct of assessment proceedings F.No.225/126/2020/ITA-IIGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes (ITA-II division) North Block, New Delhi, the 17th September, 2020 ToAll Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-Tax …
Revision u/s 263 to exclude issues settled in Vivad se Vishvas Scheme 2020. ITAT directs AO not to consider capital gains from penny stock while passing fresh order ABCAUS Case Law CitationABCAUS 3396 (2020) (09) ITAT Important case law relied upon by the parties:Price Water House vs ACIT …
Separate agreement towards rent of property and hiring charges for equipment and services allowable. Revenue cannot prevent it merely for loss to Revenue. ABCAUS Case Law CitationABCAUS 3395 (2020) (09) ITAT Important case law relied upon by the parties:Ranbaxy laboratories vs. CIT (2011) 336 ITR 136 (del)CIT vs. …
GST e-invoice System – FAQs A.E-invoice -Basics: 1. What is ‘e-invoicing’? As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoic e Registration Portal (IRP) and obtain an Invoice Reference …
Enabling on e-invoice GST portal. Taxpayers required to prepare invoice in terms of Rule 48(4) of CGST Rules may request for enablement. Enabling on e-invoice GST portal – GSTN Advisory Certain taxpayers are required to prepare gst e-invoice in terms of Rule 48(4) of CGST Rules (e-invoicing). As …
System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on …
Violation of provisions of Company Law by Companies and action taken by MCA. Today, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha informed about the action taken by the MCA on companies that have violated the provisions …
Relaxation of additional fees & extension of last date of filing CRA-4 cost audit report for FY 2019-20 General Circular No. 29/2020 File No: 17/ 52/2020-CL-V GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated:- 10th September, 2020 …
Extension of due date for holding AGM for FY ended on 31.03.2020 by three months by MCA (ROC Kanpur) A big Relief is given by Ministry of Corporate Affairs (MCA) to around 12 lakhs companies by extending the timeline for holding Annual General Meeting till December 31st from …
Revision u/s 263 to exclude issues settled in Vivad se Vishvas Scheme 2020. ITAT directs AO not to consider capital gains from penny stock while passing fresh order ABCAUS Case Law CitationABCAUS 3396 (2020) (09) ITAT Important case law relied upon by the parties:Price Water House vs ACIT …
Separate agreement towards rent of property and hiring charges for equipment and services allowable. Revenue cannot prevent it merely for loss to Revenue. ABCAUS Case Law CitationABCAUS 3395 (2020) (09) ITAT Important case law relied upon by the parties:Ranbaxy laboratories vs. CIT (2011) 336 ITR 136 (del)CIT vs. …
Reassessment made by issue of notice 143(2) before filing of return of income is invalid and not sustainable in the eyes of law ABCAUS Case Law CitationABCAUS 3394 (2020) (09) ITAT Important case law relied upon by the parties:Singhad Technical Society 397 ITR 344.Fast Booking (I) Pvt. Ltd. …
Empanelment to act as ICAI Exam observers for Nov 2020 CA Exam reopened. Last date extended to 20.09.2020 EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS NOVEMBER 2020 ICAI has reopened the window for empanelment of members to act as observers …
CA making application for ICAI membership/restoration of name after a period of three years from passing final exam/removal of name to pass Assessment THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 14th September, 2020 No.1-CA(7)/195/2020.—The following draft of certain regulations further …
ICAI issues FAQs on CA Practical Training-Lockdown period to be counted as active articleship ICAI FAQs on CA Practical Training S.No. Questions Answers 1 Whether the period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March, 2020 till 3rd May, 2020 …
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 …
Empanelment to act as ICAI Exam observers for Nov 2020 CA Exam reopened. Last date extended to 20.09.2020 EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS NOVEMBER 2020 ICAI has reopened the window for empanelment of members to act as observers …
Indian Bank Empanelment of Concurrent and Stock Auditors for 2020-21 Indian Bank invites online applications from the practicing firms of Chartered Accountants of India, who are willing to have their firm empanelled as Concurrent Auditor & Stock Auditor in the bank. Last date for applying online is 25-082020 …
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 …
Auto Let Export Order under Express Cargo Clearance System (ECCS) allowed for goods covered under CSBs and RMS and cleared by x-ray scanning Circular No. 41/2020-Customs F. No. 451/ 13/2020-Cus.VGovernment of India Ministry of Finance Department of Revenue(Central Board of Indirect Taxes & Customs) Dated the 7th September …
Jurisdiction of customs appeals officers for bill of entry entered for home consumption or for warehousing for goods imported at customs station MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.85/2020-Customs (N.T.) New Delhi, the 4th September, 2020 G.S.R. 546(E).—In exercise of the powers …
Special Drive to complete disposal of all un-claimed/un-cleared/seized/confiscated goods due for disposal Instruction No 17/2020-Customs F .No. 450/179/2017- Cus.IVGovernment of India Ministry of Finance Department of Revenue(Central Board of Indirect Taxes and Customs)**** Room 277, North BlockNew Delhi, dated the 10th August, 2020 ToAll Principal Chief Commissioner/Chief Commissioner …
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 …
