RBI forbids banks to make dividend payment for the financial year ended March 31 2020. In 2005, the Reserve Bank of India ( RBI ) reviewed the policy approach with regard to payment of dividends by bank shifting the regulatory focus from the ‘quantum of dividend’ to the …
CBDT issues 34 new FAQs on Vivad se Vishwas Act. Read Circular no. 21 of 2020 CBDT 34 new FAQs on Vivad se Vishwas The Direct Tax Vivad se Vishwas Act, 2020 (Vivad se Vishwas Scheme) was enacted on 17th March, 2020. The provisions of Vivad se Vishwas …
CBDT Circular on deduction of Tax ( TDS ) on Salaries u/s 192 of the Income Tax Act, 1961 during FY 2020-21 CBDT has issued circular no. 20/2020 specifying guidelines for TDS on Salaries for the Financial Year 2019-20. CBDT Circular – TDS on Salaries during FY 2020-21 …
Limit increased for contactless Card transactions & processing of e-mandates for recurring transactions RBI in 2015 and 2019 relaxed Additional Factor of Authentication (AFA) for Card transactions in Contactless mode and processing e-mandates / standing instructions on cards and Prepaid Payment Instruments (PPIs) for recurring transactions with values …
Levy of GST on lotteries not ultra vires to the Constitution, prize money not to be abated for determining value of taxable supply– Supreme Court ABCAUS Case Law CitationABCAUS 3427 (2020) (12) Important case law relied upon by the parties:Sunrise Associates Vs. Govt. of NCT of Delhi and …
ICAI Code of Conduct for CA Students and advisory dress code ICAI has laid down ‘Code of Conduct for CA Students’ to be observed while pursuing Chartered Accountancy Course. This Code of Conduct is applicable to all students who are pursuing CA Course including Foundation, Intermediate, Final course …
CBDT issues 34 new FAQs on Vivad se Vishwas Act. Read Circular no. 21 of 2020 CBDT 34 new FAQs on Vivad se Vishwas The Direct Tax Vivad se Vishwas Act, 2020 (Vivad se Vishwas Scheme) was enacted on 17th March, 2020. The provisions of Vivad se Vishwas …
CBDT Circular on deduction of Tax ( TDS ) on Salaries u/s 192 of the Income Tax Act, 1961 during FY 2020-21 CBDT has issued circular no. 20/2020 specifying guidelines for TDS on Salaries for the Financial Year 2019-20. CBDT Circular – TDS on Salaries during FY 2020-21 …
Non striking of applicable limb of penalty clause u/s 271(1)(c) in notice-Supreme Court dismisses SLP of the Income Tax Department ABCAUS Case Law CitationABCAUS 3426 (2020) (11) Important case law relied upon by the parties:Commissioner of Income Tax v/s Shri Samson PerincheryPrincipal Commissioner of Income Tax v/s New …
Levy of GST on lotteries not ultra vires to the Constitution, prize money not to be abated for determining value of taxable supply– Supreme Court ABCAUS Case Law CitationABCAUS 3427 (2020) (12) Important case law relied upon by the parties:Sunrise Associates Vs. Govt. of NCT of Delhi and …
Taxpayers not to wait for auto-population of e-invoice details into GSTR-1 for months of Nov 2020 and Oct 2020 Update on auto-population of e-invoice details into GSTR-1 1. Certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) …
Waiver of penalty payable for non compliance of the provisions of capturing dynamic QR code in GST Invoice Government of IndiaMinistry of Finance (Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 89/2020–Central Tax New Delhi, the 29th November, 2020 G.S.R……(E). -In exercise …
Extension of last date of filing of CRA-4 (cost audit report) for FY 2019-20 to 31.12.2020 General Circular No. 38/2020 Eoffice File No: 17/ 52/ 2020-CL-VGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS ToAll Regional Directors,All Registrars of Companies, All Stakeholders. 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, …
MCA notifies Special Courts in Maharashtra, West Bengal & Tamil Nadu for trial of offences for cases filed by SEBI MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th November, 2020 S.O. 4283(E).—In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, …
High Court order rejecting transfer of pending winding up proceeding to NCLT on the basis of Rule 26 of the Companies (Court) Rules 1959 was flawed – SC ABCAUS Case Law CitationABCAUS 3422 (2020) (11) Important case law relied upon by the parties:Forech India Ltd. vs. Edelweiss Assets …
Levy of GST on lotteries not ultra vires to the Constitution, prize money not to be abated for determining value of taxable supply– Supreme Court ABCAUS Case Law CitationABCAUS 3427 (2020) (12) Important case law relied upon by the parties:Sunrise Associates Vs. Govt. of NCT of Delhi and …
Non striking of applicable limb of penalty clause u/s 271(1)(c) in notice-Supreme Court dismisses SLP of the Income Tax Department ABCAUS Case Law CitationABCAUS 3426 (2020) (11) Important case law relied upon by the parties:Commissioner of Income Tax v/s Shri Samson PerincheryPrincipal Commissioner of Income Tax v/s New …
Prosecution proceedings under Income Tax to be clubbed for different complaint cases on same material, evidence, documents and allegations ABCAUS Case Law CitationABCAUS 3425 (2020) (11) HC Important case law relied upon by the parties:Chandni Srivastava vs. CBI & OrsMohan Baitha vs. State of Bihar AIR 2001 SC …
ICAI Code of Conduct for CA Students and advisory dress code ICAI has laid down ‘Code of Conduct for CA Students’ to be observed while pursuing Chartered Accountancy Course. This Code of Conduct is applicable to all students who are pursuing CA Course including Foundation, Intermediate, Final course …
ICAI reschedules CA exams due to Nivar cyclone in some cities in Tamil Nadu & Puducherry ICAI reschedules CA exams due to Nivar cyclone In view of heavy rains due to Nivar cyclone and consequent disruption of normal life in some cities in the State of Tamil Naduand …
ICAI makes Arrangement for Discounted Diagnostic and Related Healthcare Tests for its Members & their dependents ICAI has made arrangements with Dr. Lal Path Labs Limited for discounted diagnostic and related healthcare tests for Member Chartered Accountants and their dependents. As per ICAI announcement, for availing the discount, …
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 …
ICAI extends last date for filling the MEF for 2020-21 till 10th November 2020 ICAI Announcement dated 6th Nov 2020 It has been decided to extend the last date for filling the Multipurpose Empanelment Form for the year 2020-21 for further 4 days, i.e., till 10th November 2020, …
Empanelment to act as ICAI Exam observers for Nov 2020 CA Exam reopened. Last date extended to 25.10.2020 EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS NOVEMBER 2020 Earlier the ICAI had reopened the window for empanelment of members to act …
UCO Bank Concurrent Auditor Online Empanelment for the period 01.10.2020 to 30.09.2021. Last date for submission of application is 30.09.2020 UCO BANKAUDIT & INSPECTION DEPARTMENTHEAD OFFICE, KOLKATA NOTIFICATION 23.09.2020 LAST DATE FOR SUBMISSION OF APPLICATION 30.09.2020 UCO Bank Concurrent Auditor Online Empanelment 2020-21 UCO Bonk invites online applications …
Clarification on export of Gems and Jewellery through Courier mode Circular No. 52/2020-Customs F.No. 455/03/2020-Cus.VGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs************ Room No. 49, North Block.New Delhi, dated the 27th November 2020 To,All Principal Chief Commissioners/Chief Commissioners of CustomsAll Principal Directors General/Directors …
CENVAT credit of service tax paid on transport of goods from place of removal to the buyer’s premises – Supreme Court admits SLP ABCAUS Case Law CitationABCAUS 3421 (2020) (11) Important case law relied upon by the parties:CCE vs Ispat Industries Ltd 2015 (324) ELT 670 (SC)CCE vs …
Colour TV picture tubes used in manufacture of cathode ray TVs to attract 5% Custom duty MINISTRY OF FINANCE(Department of Revenue) Notification No. 42/2020-Customs New Delhi, the 11th November, 2020 G.S.R. 705 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, …
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 …
