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 …
Enhancements to Address-Related Fields in GST Registration Functionalities GSTN has made the following enhancements to address-related fields in the registration functionalities: New Registration, Amendment Application (Core & Non-Core), and Geocoding Business Addresses. These enhancements are based on the analysis of tickets and user feedback. The details are as …
Month wise receipt and income slightly more than last year cannot warrant the cash deposited into the bank account as unexplained cash In a recent judgment, ITAT Jaipur has held that month wise receipt and income slightly more than last year cannot warrant the cash deposited into the …
