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ICAI has banned/suspended 12 Chartered Accountants (CAs) on being found guilty of Professional Misconduct. CAs found guilty have been punished by removal of their names for specified period and/or financial penalty as under: Particulars Punishment given CA. Navinchandra Virji Gada (Membership No. 123936), Mumbai Name removed from …
Bribe whether proceed of crime under PMLA – intent is important says Supreme Court ABCAUS Case Law CitationABCAUS 3616 (2022) (11) SC Bribe whether proceed of crime under PMLA ? In the instant case, The Central Bureau of Investigation (the CBI) checked a car parked in front of …
CBDT extends due date of filing of TDS return Form 26Q for the second quarter of financial year 2022-23 from 31st of October, 2022 to 30th of November, 2022. CBDT extends due date of filing of TDS return Form 26Q Circular No. 21/2022 F.No.275125/2022-IT(B) Government of …
Different Income Tax Returns to be replaced by one common ITR. I. T. Department proposes a common Income-tax Return except ITR-7 F No 370133/16/2022-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes) New Delhi, 1st November, 2022 Sub: Draft common Income-tax Return-request for …
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A to 25.11.2022 Circular No. 22 of 2022 F.No.197/93/2022-ITA-1Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 01st November, 2022 Sub: Condonation of …
Extension of due date for furnishing return of income for audit cases for AY 2022-23 F. No. 225/49/2021/1TA-1Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** Circular No. 20/2022 New Delhi, dated 26th October 2022 Subject: – Extension of …
Extension of due date of filing FORM GSTR 3B for the month of September 2022 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 21/2022 –CENTRAL TAX New Delhi, the 21st October, 2022 G.S.R.786(E).—In exercise of the powers conferred by sub-section (6) of section …
For exemption 10(23C), educational institutions cannot have objects unrelated to education. All objects must relate to imparting education – Supreme Court ABCAUS Case Law CitationABCAUS 3615 (2022) (10) SC Important Case Laws relied upon by parties American Hotel and Lodging Association vs. Central Board of Direct Taxes (2008)10 …
No change in MSMEs classification for three years in case of change in investment in plant & machinery or turnover etc. Ministry of Micro Small and medium Enterprises have issued a notification relaxing the provisions for classification of MSMEs in case of change in terms of investment in …
Disallowance of belated deposit of Employees’ contribution of PF/ESI u/s 43B even if deposited before due date of ITR filing -Supreme Court settles the law ABCAUS Case Law CitationABCAUS 3614 (2023) (10) SC Important Case Laws relied upon by parties Allied Motors (P) Ltd. v Commissioner of Income …