News
Hearing of cases through video conferencing is going to be the new trend
When faceless scrutiny was announced in Income tax act everyone was skeptical, that one would be able to communicate his...
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TDS on dividend received from domestic companies for equity shares – Section 194:
With Budget, 2020 our Hon’ble Finance Minister demolished Dividend Distribution tax and now dividend would be taxable in the hands...
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12AA registration should be provided to new trust on basis of objects even when no activities have been performed – Supreme court
In a recent landmark judgement in case of Ananda Social & Educational Trust v. Commissioner of Income tax, Hon’ble Supreme...
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Clause 30C and 44 of Tax Audit Report kept in abeyance for another year.
CBDT vide circular 10 of 2020 has kept clause number 30C and 44 of Tax audit report in abeyance till...
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Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants
The Committee for Members in Practice (CMP) of ICAI as a part of its commitment to strengthen the Practitioners has...
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CBDT denies news of report prepared by 50 IRS to combat the effect of Covid – 19 | Suggest 40% tax on super rich | Fact check
There are different report's being circulated under the name F.O.R.C.E. (Fiscal Options & Response to Covid-19 Epidemic) which has been...
Read moreConstitutional validity of Leave encashment u/s 43B of the Income Tax act – Landmark Supreme Court Judgement
This judgement was announced in case of Union of India v. Exide Industries Ltd. (116 taxmann.com 378) Dt 24.04.2020 wherein...
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Exemption/ deduction u/s 54F can also availed if amount is deposited in CGAS before filing of return u/s 139(4)
In a recent Judgement pronounced by Jaipur Tribunal in case of SMT. RENU JAIN NEW DELHI vs. ITO, WARD 5(2)...
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Who will be considered as Resident individual after amendment in Budget 2020?
There was a confusion relating to the definition of resident as per section 6 when same was announced in Budget...
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What is Form 67 which is required to take Foreign tax credit (FTC) and how do you file it?
Now with advancement in technologies and with Indian's working abroad or setting up companies in abroad and earning outside India...
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Clarification on GST refund related issues
GST was considered to be a game changer and also reduce the cost of goods as now people could take...
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Major updates relating to Vivad se Vishwas act, 2020 Dt. 22.04.2020
Vivad se Vishwas was announced as a dispute resolution scheme by Finance ministry to resolve the pending disputes under Income...
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ICAI waives off condonation fees for Students
During this time of pandemic as all of us are facing problems in doing all the things in a smooth...
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TDS on selling on E-commerce platform under Income tax act – Section 194-O
Section 194-O which deals with TDS by E-commerce operator on payment made to E-commerce participant was inserted by Finance Bill,...
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PMT-09 is now live | Now you can shift amount from CGST to SGST or vice versa | Notification 37/2020
Earlier launched by CBIC via notification no. 31/2019 CT on 28th June 2019, PMT 09 is the prescribed challan for...
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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
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- 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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