Month: February 2022

MCA has granted relaxation on levy of additional fees is given till 15.03.2022 for filing of e-forms AOC-4, AOC-4 (CFS), ...

Revised UDIN related queries for Bank Audit – ICAI

Chartered Accountants facing issues while generating UDIN with ICAI for Certificates and Tax audit report

by ADMIN

Further, UDIN website has also mentioned that if CA's are facing issue that they are unable to find FRN in ...

Extension of the Last Date for submission of application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2022-23

by ADMIN

Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year ...

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

Hon’ble Supreme Court issued notice in relation SLP filed against Allahabad High court judgement of quashing section 148 notice issued after 01.04.2021

by ADMIN

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Recently we have seen various High Court's passing judgement in favour of assessee in relation to notice being issued u/s ...

ITC cannot be disallowed to purchaser if seller has collected tax but not paid to Government – Madras High Court

Division bench of Madras High Court Quashes notice issued u/s 148 after 01.04.2021

February 13, 2022

In view of the ratio propounded by the Allahabad and Delhi High Courts on the subject, the reassessment notices under ...

More than 6.2 crore Income Tax Returns(ITRs) and about 21 lakh major Tax Audit Reports(TARs) filed on the new e-Filing portal

February 12, 2022

Over 1.91 lakh Form 3CA-3CD and 17.26 lakh Form 3CB-3CD have been filed in FY 21-22. More than 1.84 lakh ...

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

How to calculate and pay additional Tax on updated return | Section 140B | Budget 2022

February 11, 2022

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Finance bill, 2022 has introduced section 140B of the Income tax act wherein such person is required to pay additional ...

Guidelines for conducting Distance/Remote/ online Peer Review by ICAI

by ADMIN

February 10, 2022

The Peer Review Board after due deliberation at its recently held meeting has decided to adopt conducting of distance/ remote/ ...

Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October

Now file updated Income tax return within 2 years from the end of relevant assessment year | Detailed Discussion | Budget 2022

February 9, 2022 - Updated on February 11, 2022

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Who can file the updated return? Anyone can file the updated return irrespective of whether the person has filed original ...

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

Around 6.17 crore (ITRs) and about 19 lakh (TARs) filed on new e-Filing portal of Income Tax Department

February 8, 2022

February 7, 2022 - Updated on February 11, 2022

Out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (2.97 crore), 9% is ITR-2 (56 ...

FRN is now compulsory field for UDIN Generation from 12.00 am of 1st February 2022

by ADMIN

If the member is not carrying out the assignment on behalf of any firm, then member can mention NA/Not Applicable/Individual ...

Father cannot sale shares or use proceeds of sons share being guardian of minor son without permission from court: Chennai Tribunal

Kolkata High court single bench judge quashes notice issued u/s 148 of the IT act issued after 01.04.2021

February 7, 2022

The below mentioned judgement was pronounced on 17.01.2022 in Kolkata High Court by Hon’ble Mr. Justice Md. Nizamuddin in case ...

Now all LLP filing on MCA portal will be web based from 06.03.2022

by ADMIN

February 6, 2022

In our continuous endeavor to serve you better, the Ministry of Corporate Affairs is launching a new way of e-filing ...

Procedure for Re-filing of Form 15CA and 15CB on e-filing portal which were issued manually between 07.06.2021 to 15.08.2021

February 5, 2022