Has restriction on number of tax audits become redundant if not infructuous in view of judgment of Madras High Court and dismissal of the SLP of ICAI? ICAI has announced that audits conducted under Section 44AD, 44ADA and 44AE of the Income tax Act, 1961 shall not be …
Third Party Invoicing in case of Preferential Certificates of Origin issued in terms of DFTP for “wholly obtained goods Circular No. 53/2020 – Customs F. No. 21000/11/2013-Director(ICD)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsInternational Customs Division Room No. 227A, North Block, New Delhi …
Govt. approves proposal of SEBI to sign Bilateral MoU between India and Financial and Commission de Surveillance du Secteur Financier (CSSF), Luxembourg The Government of India has given its approval for the proposal of Securities & Exchange Board of India (SEBI) to sign a bilateral Memorandum of Understanding …
CBDT issues 17 FAQs on UDIN -What happens when UDIN is revoked? FAQs on UDIN 1. What is Unique Document Identification Number (UDIN)? The Institute of Chartered Accountants of India, on noticing about the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which misled the authorities …
Incorrect wrong and non-existing reasons recorded for reopening of assessment is non application of mind ABCAUS Case Law CitationABCAUS 3430 (2020) (12) Important case law relied upon by the parties:CIT vs. Atlas Cycle Industries 180 ITR 319Pr. CIT vs., SNG Developers Ltd., 404 ITR 312Shamshad Khan vs. ACIT …
Viraj Raval wins GST-n-You Contest, 2020 on Benefits of GST held by GSTN The Goods and Services Tax Network (GSTN) conducted a month-long GST-n-You contest 2020 from 15th September to 15th October, 2020 on the various initiatives and reforms undertaken by the Government on GST. The entries were invited in …