Month: May 2021

May 7, 2021

(i) Direct Taxes Committee of ICAI enters into an arrangement with Taxmann Allied Services Private Limited w.r.t Virtual Books- Income-tax ...

GSTR 3B can now be recitified – Landmark Judgement by Delhi High court

Assessment Order passed before the due date for reply to show cause notice not valid. High court grants stay on such proceedings | Delhi high court

May 6, 2021

Although, a reply qua SCN was prepared by the petitioner it could not be filed as the assessment order was ...

Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-

CBDT provides rules for depositories to submit SFT details relating to capital gain income on listed securities | Pre-filled ITR

May 6, 2021

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Hence, based on the above information it looks like all the details related to income from capital gain will be ...

Supreme Court up-helds judgement of Rajasthan High court for extension of due date for GSTR 9/ 9C

Supreme Court’s judgement to struck down the West Bengal Housing Industry Regulation Act, 2017( WBHIRA), holding it to be unconstitutional

by ADMIN

May 5, 2021

Justice Chandrachud continued to observe that the state government then cannot reduce the Act to a dead letter. "If there ...

Threshold limit prescribed by CBDT for determining “Significant Economic presence” of a business in India | Now many online portals will be taxed in India | Digital tax

May 4, 2021

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If we look at the threshold mentioned above it is very small and hence this will cover many online businesses ...

MCA extends due date for uploading Annual return and Financial statement

MCA extends few timelines and relaxes late fees provision under Companies Act amid Pandemic vide various circulars Dt. 03.05.2021

by ADMIN

May 3, 2021

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3. Circular 8/2021: Time interval provided in section 173 of the Companies Act, 2013 has been extended to 180 days ...

ICAI Waiving-off Condonation Fees charged due to late filing of application Form 18 related to Members and Firms amidst COVID-19 Pandemic till 30th July, 2021

by ADMIN

May 3, 2021

Considering the difficulties which may be faced by Members and Firms, it has been decided to Waive-off Condonation Fees for ...

Landmark Judgement by Kerala High Court stating ICAI cannot interfere in dispute between Partner of CA Firm

by ADMIN

May 3, 2021

High court said that since there is no requirement for partnership firm to register with ICAI the partnership firm like ...

Extension of time period for commencement of Practical Training on or before 30th April 2021 to 30th June, 2021 for appearing in Final examination to be held in November, 2023

by ADMIN

but are not able to commence their Practical Training due to lockdown/curfew in various parts the country on account of ...

Last opportunity to file Income tax return for F.Y. 2018-19 | Belated return u/s 139(4) of the Income tax Act

Forgot to file your Income tax return for AY 2020-21 or received notice for high value transaction? Now you can file your ITR from home with our experts

Why should you file your Income tax return? Once we have discussed the who let's now discuss the why. Below ...

Reopening of online filing of Exam Form for CA May 2021 exams from 04.05.2021 to 06.05.2021

by ADMIN

decided to re - open the online filling up of examination application form for Chartered Accountants Final, Intermediate (IPC), Intermediate, ...

GST relaxation amid the ongoing Pandemic: Late fees, interest, extension of due date etc. [Notification 8/2021 to 13/2021]

by GST expert

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Notification 09/2021: This notification is an amendment to notification 57/2020 wherein late fees for GSTR 3B has been waived. It ...

CBDT extends time limit for updating UDIN for Audit report and certificate on e filing website till 30.06.2021

May 1, 2021

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Earlier, CBDT has provided a relaxation for validation of audit report and certificate on e filing website till 30.04.2021.Now, CBDT ...

CBDT extends due date for filing belated and revised return for AY 2020-21 till 31.05.2021