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ICAI cancels/restores membership of thousands of CAs due to death/non payment of fee The Institute of Chartered Accountants of India has removed the names of 1593 Chartered Accountants from Register of Members with effect from 1st October 2022 on account of non-payment of membership fees. However, ICAI has …
NSDL latest e-TDS TCS Return Preparation Utility (RPU) Version 4.9 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing of TDS/TCS returns. e-TDS/TCS RPU version 4.9 for Statement(s) from FY 2007-08 onwards has been released. Also e-TDS/TCS File validation utility (FVU) versions 2.180 for …
GST Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023 1. Amnesty for Taxpayers: The GST Council, in its 52nd meeting, recommended granting amnesty to taxpayers who could not file …
Exemption u/s 54F – Bar of holding more than one residential property applies on start of day or at the end of the day of transfer of capital asset, ITAT answers ABCAUS Case Law Citation:ABCAUS 3821 (2023) (11) ITAT Important Case Laws relied upon by parties:Smt. Maya A …
Under section 271AAB undisclosed income also means additional income due to bogus expense recorded in the books of accounts – ITAT ABCAUS Case Law Citation:ABCAUS 3820 (2023) (11) ITAT Important Case Laws relied upon by parties:ACIT vs. Sri Mahender Kumar AgarwalCIT vs. Harjeev Aggarwal, 70 taxmann.com 95 Radhey …
To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the books of account not mere presumption- ITAT ABCAUS Case Law Citation:ABCAUS 3819 (2023) (11) ITAT Important Case Laws relied upon by parties:Common cause v. UOI 77 taxmann.com 245 …
Standards on Auditing applicable to companies should also apply to audit of limited liability partnerships. ICAI issues exposure Draft of Standards on Auditing for LLPS The Institute of Chartered Accountants of India (ICAI) had submitted ICAI’s recommendations to the National Financial Reporting Authority (NFRA) regarding 35 Standards on …
Income Tax order without Document Identification Number (DIN) is void ab initio. subsequent separate communication of DIN is a superfluous exercise.– ITAT ABCAUS Case Law Citation:ABCAUS 3818 (2023) (11) ITAT Important Case Laws relied upon by parties:K.P. Varghese v. Income Tax Officer, Ernakulam and Anr., (1981) 4 SCCAbhimanyu …
In ICAI Open Book’ methodology exam also the student required to write answers not copy-paste in the answer book – Supreme Court dismisses student’s SLP ABCAUS Case Law Citation:ABCAUS 3817 (2023) (11) SC The petitioner had appeared in the C.A. final examination conducted by the ICAI in the …
Addition made towards opening balance of capital account merely because no return was filed earlier deleted by ITAT ABCAUS Case Law Citation:ABCAUS 3816 (2023) (11) ITAT In the instant case, the assessee had challenged the order passed by the National Faceless Appeal Centre / CIT(A) in inter alia …
