Filing revised return in reply to show cause does not deprive assessee of opportunity to oppose proposed variation In a recent judgment, Hon’ble High Court of Orissa has held that filing revised return in response to show cause notice does not deprive assessee of opportunity to state his …
MCA extends time for Filing of PAS-7 for submitting details of share warrants with RoC without payment of additional fees up to 05.08.2024 MCA has issued General Circular No. 05/2024 dated 6th July 2024 extending the time for Filing of PAS-7 for submitting details of share warrants with …
ICAI issues Guidance on Non-Compliances Observed by Quality Review Board (QRB) related to Engagement and Quality Control Standards and observations related to CARO and IFC. ICAI issues Guidance on Non-Compliances Observed by QRB Based on observations noticed during these quality reviews, QRB issues necessary advisories to concerned audit …
Income Tax benefits for senior citizens, higher exemptions, relief and rebates Income Tax benefits for senior citizens, higher exemptions, relief and rebates. Income-tax Act provides several benefits and exemptions to the senior citizens. However,  to become eligible to these benefits the senior citizen/very senior citizen must be resident …
Disallowance u/s 40A(2)(a) without following yardstick for arriving at unreasonableness cannot be sustained – ITAT In a recent judgment, ITAT Raipur has held that disallowance u/s 40A(2)(a) without taking recourse to prescribed basis/yardstick, for arriving at unreasonableness cannot be sustained ABCAUS Case Law Citation:ABCAUS 4135 (2024) (07) ITAT …
Odisha Gramya Bank invites applications for Concurrent Audit. Last date is 20.07.2024 Odisha Gramya Bank has invited applications from interested Chartered Accountants to be empanelled as external Concurrent Auditors w.e.f. 01.09.2024. Eligibility Criteria Chartered Accountant Firms having the following eligibility criteria may apply for external auditors for conducting …
