ICAI postpones Foundation/Final June 2019 examination of five papers. Read revised schedule of dates for the postponed exams IMPORTANT ANNOUNCEMENT In partial modification of the Institute’s Notification No. 13-CA(Exam)/M/2019 dated 11th March, 2019, it is notified for general information that due to certain unavoidable circumstances, Paper – 3 …

ICAI bans a Chartered Accountant for one year from practice being found guilty of professional misconduct of lack of due diligence/ discharge of duties as auditor THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up under an Act of Parliament) NOTIFICATION New Delhi, the 3rd April, 2019 (CHARTERED …

Expenditure incurred on discontinued business unless shown to be incurred for reviving it not allowable under section 37(1) – ITAT   ABCAUS Case Law Citation: ABCAUS 2901 (2019) (05) ITAT The sole issue raised by the assessee was the maintainability of the disallowance of expenditure incurred for maintenance …

ICAI invites EOI form CA Firms for verification/reconciliation of TDS from FY 2005-06 to 2018-19 to know status of recoverability. Last date 16.05.2019 Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms to carry out the verification/reconciliation of TDS receivable of the Institute of Chartered Accountants …

Facility service charges apart from house rent taxable as business income. Amount received was for specific services like housekeeping, security, etc. ABCAUS Case Law Citation: ABCAUS 2900 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Kavita Marketing Pvt. Ltd. vs. ITO (159 ITD 547)/70 taxmann.com …

Cancellation of flat booking held Long Term Capital Gain and deduction u/s 54 allowed. ‘Property’, is a term of widest import and signifying every possible interest which a person can hold or enjoy ABCAUS Case Law Citation: ABCAUS 2899 (2019) (05) ITAT Important Case Laws Cited/relied upon by …