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Clarification on residential status by CBDT in Income tax because of Covide-19 pandemic
As we all know either people are under lock down or in quarantine because of this pandemic and many of...
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ICAI offers free courses for CA professionals
With the lockdown being further extended, it might seem to most of us what should we do in this time....
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Clarification by MCA on holding of annual general meeting (AGM) through video conferencing (VC)
MCA has said that they have received several representations to to allow companies to hold annual general meeting (AGM) in...
Read moreICAI issues guidelines for Statutory Bank Audit during Covid-19
This communication is to address certain vital aspects related to Statutory Bank Branch Audits in the form of “Specific Considerations...
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Surcharge on dividend Income shall be capped at 15%. This comes as a savior for High income people
As we know that Budget 2020 has scrapped Dividend Distribution Tax and hence now dividend distributed, declared and paid after...
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Notification 38/2020 to 42/2020 CGST: Due date for GSTR 9 for FY 2018-19 extended to 30.09.2020
Total 4 notifications have been issued on 05.05.2020 by Central government to provide further relief to the taxpayers during this...
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Covid-19 cess being levied by state government
With the current situation in the country where most of the businesses are closed and government is not able to...
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Immunity from penalty u/s 270A, prosecution u/s 276C or 276CC – Section 270AA
In our earlier post we had discussed what is penalty u/s 270A which is effective for cases of A.Y. 2017-18...
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Penalty on misreporting and under reporting u/s 270A of the Income tax act w.e.f. A.Y. 2017-18 cases
Section 270A was introduced by Budget 2016, which was made effective for cases relating to AY 2017-18 in place of...
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Refund issued u/s 143(1) of Income tax act can be withhold by AO under various circumstances – SC judgement
In judgement in case of Vodafone Idea Ltd. v. Assistant Commissioner of Income-tax 116 taxmann.com 393 Dt 29.04.2020, it was...
Read moreExemption u/s 54F can be allowed even if amount not deposited in special capital gain account scheme – Jaipur ITAT
Jaipur ITAT in a recent judgement in case of Goverdhan Singh Shekhawat v. Income Tax Officer, Ward- 6(1), Jaipur Dt....
Read moreSupreme Court Judgement in case of TDS on payment made to foreign cricket association
In the present case judgement was announced by Hon'ble Supreme court in case of PILCOM v. Commissioner of Income-tax on...
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LUT of FY 2019-20 to be eligible for FY 2020-21 upto 30.06.2020
An ordinance Dt. 31.03.2020 was issued under the heading THE TAXATION AND OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020...
Read moreAO cannot travel beyond the scope of limited scrutiny without prior approval of appropriate authority – Jaipur ITAT
In a recent judgement of Hon'ble ITAT Jaipur pronounced on 27.02.2020 in case of Shri Sita Ram Swami v. The ITO,...
Read moreICAI advisory on members mentioning fees on their advertisement during Covid-19
During this times you must be seeing many CA firms or members putting out advertisement for filing of free Income...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
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- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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