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CBDT denies any further extension in due dates for filing ITRs/Audit Reports CBDT passes order u/s 119 of Income-tax Act,1961 in F No. 370153/39/2020-TPL dt 11th January, 2021, disposing off the representations for extension of due date for filing of Audit Report u/s 44AB, in compliance with the …
Reassessment held bad in law as assessee not given four weeks time to seek legal remedy after rejection of objections to reopening ABCAUS Case Law CitationABCAUS 3438 (2021) (01) ITAT Important case law relied upon by the parties:Smt. Kamlesh Goel vs. Income Tax OfficerPr. CIT vs. Sagar DeveloperBharat …
ICAI Hand book on Audit of CSR Activities Under the provisions of section 135 of the Companies Act 2013 its is mandatory for Companies to take up Corporate Social Responsibility (CSR) projects on various social welfare activities provided and/or notified by MCA. ICAI Hand book on Audit of …
Non-filing of ITRs by lenders can give rise to suspicion for the lack of creditworthiness but not sufficient to draw inference against assessee ABCAUS Case Law CitationABCAUS 3437 (2021) (01) ITAT Important case law relied upon by the parties:CIT Vs. Chanakya Developers reported 43 taxmann.com 91 In the …
Claim of agricultural income allowed in view of ownership of large land, girdwari and village sarpanch certificate ABCAUS Case Law CitationABCAUS 3436 (2021) (01) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in part confirming the additions made by the Assessing …
Even a single transaction may constitute business as defined in section 2(13) of the Income Tax Act ABCAUS Case Law CitationABCAUS 3435 (2021) (01) ITAT Important case law relied upon by the parties:ITO vs. Amrit Foods (P) Ltd. (1984) 10 ITD 681 In the instant case, the assessee …
Gujarat High Court directs CBDT to decide on further due date extension by 12.01.2021. Writ Petition was filed by All Gujarat Federation of Tax Consultants Breaking: CBDT denies any further extension in due dates for filing ITRs/Audit Reports. Order u/s 119 in pursuance of Gujarat HC direction Read …
Aadhaar OTP based EVC of ITRs-Maximum 5 OTP requests for a single Aadhaar can be made within a span of 30 minutes. Aadhar based OTP is one of the Electronic Verification options of verifying submission of the Income Tax Returns (ITRs). Other options for generating Electronic Verification Code …
Empanelment for Chartered Accountant or Cost Accountant for Special audit of Central Excise, Service Tax and GST Assessees. Provisions of erstwhile section 14AA of the Central Excise Act, 1944, Section 72 of the Finance Act, 1994 and current Section 66 of the Central Goods and Service Tax Act, …
Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2021 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 8th, January, 2021 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2021 No. SEBI/LAD-NRO/GN/2021/01.─In exercise of the powers conferred by sub-section …
