The Income Tax Department has issued an advisory/warning for cash transactions in excess of prescribed limits. DO NOT ACCEPT cash…
Assessee cannot be penalized for non response or non attendance by creditors in response to notice when all details regarding…
No requirement to file Form-10B at the time of registration u/s 12AA. Audit Report in Form 10B is to be…
Educational qualification and age limit for TRP relaxed, incentive increased, non-refundable deposit made compulsory as per Return Preparer (Amendment) Scheme,…
Revised Standard on Auditing SA-720. The Auditor’s Responsibilities Relating to Other Information ICAI has issued revised Standard on Auditing SA-720. The…
No Addition for cash deposits in bank when sufficient cash is in hand. Assessee not supposed to keep track of…
Concealment penalty deleted as assessee was unaware of tax on sale of property. Assessee agreed to pay taxes on the…
Deposits per se in the bank account no basis of holding that income has escaped assessment. Nothing can be added…
Insolvency and Bankruptcy Code 2016 to apply to personal guarantors to corporate debtors. Wilful defaulter, NPA Account holders, disqualified directors…
Self Help Portal for GST related issues launched. Email Helpdesk discontinued After providing facility to lodge Online GST grievance on GST…