Month: December 2019
ICAI Advisory on reporting net profit/(loss) after tax & cash flows of branches of listed company as per SEBI Circular Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats for limited review / audit report of the listed entity and those entities …
Joining/Association with Networks by Members in Practice as a medium of referral of professional work permissible only if registered with ICAI ICAI Announcement Joining/Association with “Networks” by Members in Practice It has come to the knowledge of the Institute that many members in practice are joining/associating themselves with …
Income Tax Exemptions to Startups. Under Startup India Initiative recognized startups have been exempted under several sections of IT Act. Tax Exemptions to Startups Under Startup India Initiative recognized startups have been exempted under several sections of IT Act. Details are enclosed at Annexure-I. The Fund of …
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 …
Benefit of exemption u/s 54F before its amendment can be extended to a residential house purchased outside India. ITAT allowed claim ABCAUS Case Law Citation:ABCAUS 3195 (2019) (12) ITAT Important case law relied upon by the parties:Anurag Pandit The instant appeal was filed by the assessee against the …
Late fee u/s 234E is imposed towards extra effort and resources for processing delayed TDS returns. ITAT dismisses assessee’s appeal ABCAUS Case Law Citation:ABCAUS 3194 (2019) (12) ITAT Important case law relied upon by the parties:Shree Narayana Guru Smaraka Sangam Upper Primary School vs. UOI & Ors.Rashmikant Kundalia …
List of CGST nodal officers for IT Grievance Redressal Name of Central Tax Zone Name of the Principal Nodal Officer/Designation Office Address/Telephone No./Email ID Hyderabad Sh. B. Raghu KiranJoint Commissioner Medchal Commissionerate040-24303045kiran.batchali@gmail.com, raghu. batchali@gov.in Pune Sh. Santosh Kumar VatsaAdditional Commissioner Chief Commissioner’s Office, GST & Customs, Pune Zone, …
Cancellation of 1808 FCRA registration of NGOs for not filing mandatory Annual Returns for FY 2017-18 No. II/21022/ 58(79)/2019-FCRA (MU)Government of India Ministry of Home AffairsForeigners Division Major Dhyan Chand National Stadium ,Outer India Gate, New Delhi- 110001Dated : 18th Oct order, 2019 ORDER Whereas, the Associations mentioned …
In Motor Accident Claims income must be determined on the basis of the income tax return, where available. – Supreme Court held that the ITR is a statutory document on which reliance may be placed to determine the annual income of the deceased. ABCAUS Case Law Citation:ABCAUS 3193 …
Announcement on Applicability of “Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements” to Statutory Auditors of Listed Entities and their Material Subsidiaries ICAI Announcement 1 The Auditing and Assurance Standards Board of ICAI issued “Implementation Guide on Resignation/ Withdrawal from an Engagement …
