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Budget 2021-22 | Live updates | No major tax amendments but market responded positively
Important Budget Updates: Although there are no major tax amendments or reforms but some of the important amendments are as...
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Extension of Condonation Scheme to regularize UDINs upto 28.02.2021
Announcement by ICAI to extend the condonation scheme for UDIN generation till 28.02.2021: This has reference to the Condonation Scheme...
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Important update in QRMP scheme | Important for those who have started business in FY 2020-21 | Last date to choose 31.01.2021
The return filing preference can be selected/viewed from the Opt-in for quarterly return page (Services -> Returns -> Opt-in for quarterly return). This...
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Amendment made by Finance Act – 2020 which shall be applicable from 01.04.2021 i.e. AY 2021-22 | Pre budget facts
Amendment made by Finance Act: 2020 which are going to be applicable from AY 2021-22 are as under: Amendment to...
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Relaxation on levy of additional fees in filing of Forms AOC-4 for financial year ending 31.03.2020 | Due date extended
Ministry of corporate affairs has vide Circular no. 4/2021 Dt. 28.01.2021 exempted levy of additional fees for all types of...
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Railway Budget merged with Union Budget – Pre budget Facts
The Railway Budget was presented every year, a few days before the Union budget, till 2016. John Mathai presented the...
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GST is not required to be paid on amount received towards electricity component along with rent | AAR ruling
Under GST many landlords charge GST on each and every money they receive from tenant for whatever purpose. In this...
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What is ‘Halwa ceremony’, performed before the budget at Ministry of Finance? What does it signify? | Pre budget facts
On this auspicious day of 72nd Republic Day lets discuss some more facts in the Pre budget facts series. In...
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Handbook issued by ICAI on topics related to LLP and Companies
ICAI in its constant efforts to keep the members updated with recent changes has been publishing various handbooks. Earlier it...
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Ministry of finance has launched official mobile application for budget presentation prior to budget | Pre Budget Facts
In our second post related to pre budget facts we are going to talk about final stage preparation of Budget,...
Read moreWhy does Government increase surcharge and not basic tax slab rate? Probable Reason – Pre budget Facts
As Budget 2021 is round the corner, the major part of budget is Direct Taxes and in direct tax one...
Read moreNew CSR rules announced by MCA i.e. Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.
After CSR, rules 2014 now MCA has announced new CSR rules which shall be known as Companies (Corporate Social Responsibility...
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IDBI Bank invites online applications from practicing partnership firms of Chartered Accountants within India for Concurrent Auditor
IDBI Bank invites online applications from practicing partnership firms of Chartered Accountants within India, in the prescribed format, who are...
Read moreImportant things to keep in mind by Auditor in case of a company
Clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client: The Institute has been...
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Card transactions in Contactless mode – Limit increased to Rs. 5,000 from Rs. 2,000 w.e.f 01.01.2021
1. Please refer to circular DPSS.CO.PD.No.2163/02.14.003/2014-2015 dated May 14, 2015 issued by Reserve Bank of India (RBI), wherein Additional Factor...
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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
- Taxation and Income tax return of Foreign Companies Earning Income from India under special rates
- Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
- Notice from Income tax department e-verification cell for non-filing ITR. How to respond
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- 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?
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