If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings. ABCAUS Case Law CitationABCAUS 3649 (2023) (01) ITAT This interesting judgment of the ITAT deals with one quantum-appeal filed by assessee against the order passed by Commissioner of …
The Companies (Incorporation) Amendment Rules, 2023 MCA has notified the Companies (Incorporation) Amendment Rules, 2023 by amending the Companies (Incorporation) Rules, 2014. The amendments have been made to the following Rules along with revision of Form INC-3 One Person Company-Nominee Consent Form, INC-14 Declaration,INC-15 Declaration and RD-GNL-5-Form for …
CBDT notifies California Public Employees Retirement System Pension Fund PAN: AAATC6038J u/s 10(23FE) for exemption from investment related income CBDT notified the California Public Employees Retirement System Pension Fund PAN: AAATC6038J under section 10(23FE) of the Income Tax Act 1961 in respect of the eligible investment made by …
Trial Court to carry out an enquiry u/s 202 CrPC before issuing summons to non jurisdictional assessee in Income Tax Proceedings. ABCAUS Case Law CitationABCAUS 3648 (2023) (01) AC Important Case Laws relied upon:Vijay Dhanuka and Ors vs Najima Mamtaj and Ors,Confident Projects (India) Pvt. Ltd and Ors …
If creditors are found to be bogus, entire purchases to be disallowed and not only balance outstanding – ITAT ABCAUS Case Law CitationABCAUS 3647 (2023) (01) ITAT Important Case Laws relied upon:Ipsita Naik vs. ITO In the instant case, both the assessee and the Revenue had challenged the …
Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns Recently, a functionality of “Automated Drop Proceedings” of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is available for the taxpayers who have filed their pending …
If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings. ABCAUS Case Law CitationABCAUS 3649 (2023) (01) ITAT This interesting judgment of the ITAT deals with one quantum-appeal filed by assessee against the order passed by Commissioner of …
CBDT notifies California Public Employees Retirement System Pension Fund PAN: AAATC6038J u/s 10(23FE) for exemption from investment related income CBDT notified the California Public Employees Retirement System Pension Fund PAN: AAATC6038J under section 10(23FE) of the Income Tax Act 1961 in respect of the eligible investment made by …
Trial Court to carry out an enquiry u/s 202 CrPC before issuing summons to non jurisdictional assessee in Income Tax Proceedings. ABCAUS Case Law CitationABCAUS 3648 (2023) (01) AC Important Case Laws relied upon:Vijay Dhanuka and Ors vs Najima Mamtaj and Ors,Confident Projects (India) Pvt. Ltd and Ors …
Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns Recently, a functionality of “Automated Drop Proceedings” of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is available for the taxpayers who have filed their pending …
Clarification on GST rates & classification based on GST Council 48th Meeting CBIC has issued Circular No. 189/01/2023-GST dated 13th January, 2023 clarifying GST levy, related to the certain goods/services based on the recommendations of the GST Council 48th meeting held on 17th December, 2022. 1. …
GST on accommodation services supplied by Air Force Mess to its personnel & incentive paid by MeitY to acquiring banks for promotion of RuPay Debit Cards and low value BHIM-UPI transactions. CBIC has issued Circular No. 190/02/2023-GST dated 13th January, 2023 clarifying applicability of GST on following two …
The Companies (Incorporation) Amendment Rules, 2023 MCA has notified the Companies (Incorporation) Amendment Rules, 2023 by amending the Companies (Incorporation) Rules, 2014. The amendments have been made to the following Rules along with revision of Form INC-3 One Person Company-Nominee Consent Form, INC-14 Declaration,INC-15 Declaration and RD-GNL-5-Form for …
No Objection Certificate (NoC) of secured creditor & charge holder required for conversion into company u/s 366 of Part I of Chapter XXI of the Companies Act 2013 Part I of Chapter XXI of the Companies Act 2013 (the Act) deals with Companies authorised to register under the …
MCA amends Form AOC-5 of notice of address where books of account maintained. Inside office photo showing at least one director/KMP required Form AOC-5 of notice of address at which books of account are to be maintained has been revised by MCA by notifying the Companies (Accounts) Amendment …
If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings. ABCAUS Case Law CitationABCAUS 3649 (2023) (01) ITAT This interesting judgment of the ITAT deals with one quantum-appeal filed by assessee against the order passed by Commissioner of …
Trial Court to carry out an enquiry u/s 202 CrPC before issuing summons to non jurisdictional assessee in Income Tax Proceedings. ABCAUS Case Law CitationABCAUS 3648 (2023) (01) AC Important Case Laws relied upon:Vijay Dhanuka and Ors vs Najima Mamtaj and Ors,Confident Projects (India) Pvt. Ltd and Ors …
If creditors are found to be bogus, entire purchases to be disallowed and not only balance outstanding – ITAT ABCAUS Case Law CitationABCAUS 3647 (2023) (01) ITAT Important Case Laws relied upon:Ipsita Naik vs. ITO In the instant case, both the assessee and the Revenue had challenged the …
ICAI issues Social Audit Standard (SAS) 100 – Eradicating hunger, poverty, malnutrition and inequality This Social Audit Standard issued by ICAI relates to the thematic area of “eradicating hunger, poverty, malnutrition and inequality’’. The Standard aims to provide the Social Auditor with the necessary guidance in relation to …
Draft Multipurpose Empanelment Form (MEF) for year 2022-23 available Draft Bank Branch Auditors’ Panel (MEF) of Chartered Accountants/firms for the year 2022-23 has been hosted at www.meficai.org The Panel is just a draft and the category of the applicants of Multipurpose Empanelment Form for the year 2022-23 is …
ICAI revised 2022 edition of Implementation Guide and FAQ to SA 230- Audit Documentation The Auditing and Assurance Standards Board of ICAI has issued revised 2022 edition of Implementation Guide to Standard on Auditing (SA) 230 Audit Documentation. brought out the revised edition of the Implementation Guide to …
Excel Form 10E-Salary Arrears Relief calculator AY 2023-24 (FY 2022-23) for claiming rebate under section 89(1) of Income Tax Act 1961-Download As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives salary in …
ABCAUS Excel Depreciation Calculator FY 2021-22 under Companies Act 2013 as per Schedule-II Version 06.15 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2021-22 has also been formulated and styled the same way as its …
Excel Income Tax Challan ITNS 280 for FY 2022-23 AY 2023-24 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 …
Draft Multipurpose Empanelment Form (MEF) for year 2022-23 available Draft Bank Branch Auditors’ Panel (MEF) of Chartered Accountants/firms for the year 2022-23 has been hosted at www.meficai.org The Panel is just a draft and the category of the applicants of Multipurpose Empanelment Form for the year 2022-23 is …
UCO Bank Concurrent Auditor Online Empanelment for the period 01.10.2022 to 30.09.2023. Last date for submission of application is 29.09.2020 UCO BANKAUDIT & INSPECTION DEPARTMENTHEAD OFFICE, KOLKATA UCO bank has invited Expression of interest for empanelment of Concurrent Auditors LAST DATE FOR SUBMISSION OF APPLICATION 29.09.2022 UCO Bank …
Indian Bank Empanelment of Concurrent and Stock Auditors for FY 2022-23 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 …
DGFT has issued latest guidelines for import of Pet Animals (cats/dogs) Directorate General of Foreign Trade has issued a Trade Notice giving the latest import policy provisions for ‘other’ mammals including pet animals (cats/dogs) as under: ITC (HS) Item Description Import Policy Policy Condition Policy Condition (6): Import …
CBIC notifies Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022 GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.11/2022-Customs (N.T.) New Delhi, the 22nd February, 2022 G.S.R.(E).—In exercise of the powers conferred by …
Clarification regarding applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses Circular No. 3/2022-Customs F. No. CBIC-190354/262/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit)***** Room No. 156, North Block New Delhi, dated the 1st …
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 …
