For prosecution u/s 138 of NI Act 1881 reproducing language of Section 141 in verbatim or attributing specific role to the directors not necessary – SC In a recent judgment Hon’ble Supreme Court held for prosecution under section 138 of Negotiable Instrument Act, 1881 reproducing language of Section …
Punjab & Sind Bank Concurrent Auditfrom Chartered Accountant Firms/Retired Online Empanelment FY 2025-26 Punjab & Sind Bank has invited applications from Chartered Accountant Firms / Retired Officers for Concurrent Audit Assignments for the period 01.07.2025 to 30.06.2026 The last date for submission of online application is 31.05.2025. …
IBBI prescribes timelines for the interim resolution professional or resolution professional to file the various e-Forms The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Insolvency and Bankruptcy Board of India …
CPC cannot continue to rectify and re-rectify the intimation under Section 143(1)(a) repeatedly. In a recent judgment Delhi High Court has held that CPC cannot continue to rectify and re-rectify the intimation under Section 143(1)(a) repeatedly. ABCAUS Case Law Citation:4569 (2025) (05) abcaus.in HC In the instant case, …
When land appurtenant was sold without building, it is not sale of residential property but sale of adjacent land and not qualified for exemption under section 54 of the Income Tax Act, 1961 In a recent judgment ITAT Allahabad upheld denial of exemption under section 54 holding that …
Punjab Gramin Bank invites application from Retired Officers for engagement as Concurrent Auditor of its branches Punjab Gramin Bank invites application from Retired Officers in Scale II to IV from own Bank (PGB) & sponsor bank (PNB) who retired after 20 years of satisfactory service, for engagement as …
CPC cannot continue to rectify and re-rectify the intimation under Section 143(1)(a) repeatedly. In a recent judgment Delhi High Court has held that CPC cannot continue to rectify and re-rectify the intimation under Section 143(1)(a) repeatedly. ABCAUS Case Law Citation:4569 (2025) (05) abcaus.in HC In the instant case, …
When land appurtenant was sold without building, it is not sale of residential property but sale of adjacent land and not qualified for exemption under section 54 of the Income Tax Act, 1961 In a recent judgment ITAT Allahabad upheld denial of exemption under section 54 holding that …
Expenditure over income should have been considered even if the claim of exemption under section 11 was not allowed by CPC – ITAT In a recent judgment ITAT Guwahati has held that audited income and expenditure account showing net excess expenditure over income should have been considered even …
In terms of Section 75(4) of GST Act, 2017 it is incumbent to grant an opportunity of personal hearing even if the same is not asked for. In a recent judgment, Hon’ble Allahabad High Court has reiterated that in terms of the mandate of Section 75(4) of GST …
Under GST provisions determination of tax can not take place against a deceased person. Section 93 only deals with liability to pay tax In a recent judgment, Allahabad High Court has held that under GST provisions determination of tax can not take place against a deceased person. The …
Changes in the GST refund filing process under the category on account of Refund by Recipient of deemed export. GSTN has made the following changes in the refund filing process under the category “On account of Refund by Recipient of deemed export”: 1. Refund applications under this category is …
The Ministry of Corporate Affairs has notified the Companies (Accounts) Amendment Rules, 2025 to extend the due date for filing Form CSR-2 for FY 2023-24 The Sub Rule (1B) of the Rule 12 of the Companies (Accounts) Rules, 2014 provides that for the financial year 2023-2024, Form CSR-2 shall be …
The Companies (Indian Accounting Standards) Amendment Rules, 2025 – Non-exchangeable currency and disclosure requirement Ministry of Corporate Affairs has notified the Companies (Indian Accounting Standards) Amendment Rules, 2025 The Companies (Indian Accounting Standards) Amendment Rules, 2025, notified by the Ministry of Corporate Affairs on May 8, 2025 has …
ABCAUS Excel Depreciation Calculator FY 2024-25 under Companies Act 2013 as per Schedule-II Version 03.21 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2024-25 has also been formulated and styled the same way as its …
For prosecution u/s 138 of NI Act 1881 reproducing language of Section 141 in verbatim or attributing specific role to the directors not necessary – SC In a recent judgment Hon’ble Supreme Court held for prosecution under section 138 of Negotiable Instrument Act, 1881 reproducing language of Section …
CPC cannot continue to rectify and re-rectify the intimation under Section 143(1)(a) repeatedly. In a recent judgment Delhi High Court has held that CPC cannot continue to rectify and re-rectify the intimation under Section 143(1)(a) repeatedly. ABCAUS Case Law Citation:4569 (2025) (05) abcaus.in HC In the instant case, …
When land appurtenant was sold without building, it is not sale of residential property but sale of adjacent land and not qualified for exemption under section 54 of the Income Tax Act, 1961 In a recent judgment ITAT Allahabad upheld denial of exemption under section 54 holding that …
ICAI issued revised Schedule of Chartered Accountants May 2025 exams after postponement ICAI has issued revised schedule of remaining CA May 2025 Examinations in view of the Ceasefire between India and Pakistan. In the announcement dated 10.05.2025, it has ben stated that in view of the favourable developments …
The Disciplinary Committee of ICAI has banned two chartered accountants of Delhi on charges of professional misconduct. In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and …
Eligibility requirements for applying September 2025 and January 2026 Chartered Accountants final examinations. ICAI has published the following eligibility requirements for applying September 2025 and January 2026 Chartered Accountants final examinations: Eligibility requirements for September 2025 / January 2026 CA Final examinations: September 2025 Exam January 2026 …
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 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 …
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 …
Punjab & Sind Bank Concurrent Auditfrom Chartered Accountant Firms/Retired Online Empanelment FY 2025-26 Punjab & Sind Bank has invited applications from Chartered Accountant Firms / Retired Officers for Concurrent Audit Assignments for the period 01.07.2025 to 30.06.2026 The last date for submission of online application is 31.05.2025. …
Punjab Gramin Bank invites application from Retired Officers for engagement as Concurrent Auditor of its branches Punjab Gramin Bank invites application from Retired Officers in Scale II to IV from own Bank (PGB) & sponsor bank (PNB) who retired after 20 years of satisfactory service, for engagement as …
Empanelment of concurrent auditor by U.P. Metro Rail Corporation Limited. U.P. Metro Rail Corporation Limited has invited tenders from Chartered Accountant firms/LLPs empanelled with C&AG, for the Internal audit of Uttar Pradesh Metro Rail Corporation Limited on concurrent basis UPMRCL was formed as a special purpose vehicle (SPV) …
Simplification of procedures related to Air Cargo Movement & Transhipment. Harmonise procedure for movement of Unit Load Devices (ULD) outside Customs Area for of high-value or perishable nature of goods in import/export A need was felt for facilitating upgradation of infrastructure and warehousing for air cargo including high …
CBIC tweaks Guidelines in view of “Certificate of Origin” replaced by “Proof of Origin” Term “Proof of Origin” now covers both Certificate of Origin issued by designated issuing authority and self declarations made by eligible exporters, producers etc. CBIC vide Circular No. 38/2020 dated 21.08.2020 issued Guidelines regarding …
CBIC introduces electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and jewellery through personal carriage by air passengers from 01.05.2025 F. No.450/72/2023-Cus IVGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)***** Room No. 229A, North Block,New Delhi, dated the 28th March, …
Cost accountant included in the list of eligible internal auditor of Credit Rating Agencies. SEBI has included the Cost Accountant as eligible for internal audit of credit rating agencies. It is known that Institute of Cost Accountants of India (ICMAI) is actively representing to the Government/other autonomous bodies …
Appointment of internal auditor in Government College of Engineering, Keonjhar for Financial Years 2009-10 to 2023-24. Tenders in Quality and Cost-Based Selection (QCBS) are invited from Chartered Accountants/Cost Accountant Firms for appointment of Internal Auditor for the Financial Years 2009-10 to 2023-24. The interested CA/CMA firms should apply …
Appointment of Practicing Company Secretary Firm as Secretarial Auditor of Indian Overseas Bank Indian Overseas Bank has invited proposals from practicing Company Secretary Firm as Secretarial Auditor. As per Regulation 24A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended from …
