News
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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Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961
Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961 Finance (No 2) Act, 2019, inter alia, amended...
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Scheme for Condonation of Delay for Companies Restored during December 2020
Scheme for condonation of delay for companies restored on the Registrar of companies between 01.12.2020 and 31.12.2020 under section 252...
Read moreSpending on awareness and public outreach of covid-19 vaccination for public at large eligible for CSR
As we know our country has started Covid-19 vaccination program today wherein all frontline workers would first get the vaccination...
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Now penalty proceeding in Income Tax will be conducted under Faceless Penalty Scheme
After the success of Faceless Assessment and Faceless Appeal in Income tax now CBDT has even launched Faceless penalty scheme...
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Gujarat High court rejects writ petition for extension of due date for Tax audit report and Income tax return
As we had discussed earlier in our post that a writ petition was filed by The All Gujarat Federation of...
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CBDT provides facility to file online complaint against Tax evasion, benami properties and undisclosed foreign assets
CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets. Taking another step towards e-governance and encouraging participation...
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Declaration of HSN code mandatory from 01.04.2021
CBIC had earlier vide notification made declaration of HSN code mandatory from 01.01.2021 by making amendment to instruction of GSTR...
Read moreCBDT says no further extension of Tax audit or Income tax return due date, rejects all representation
In our earlier post we had discussed about the writ petition filed before Hon'ble Gujarat High court for extension of...
Read moreGujarat High court directs CBDT to consider extension of due date for Income tax Audit and Income tax return before 12.01.2021
A writ application was filed by The All Gujarat Federation of Tax consultants for the extension of due date of...
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File Income tax return by tomorrow or pay Late fees of Rs. 10,000
Income tax return is an important yearly compliance which is done by most of the individuals. Initially the due date...
Read moreNo cooling period for Bank Branch Audit for CAs – RBI
Change in norms on eligibility, empanelment and appointment of Statutory Branch Auditors in Public Sector Banks from the year 2020-21...
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Think twice before taking GST registration on incorrect or non permanent address or your GST registration will get cancelled
NEW DELHI : Goods and Services Tax (GST) authorities have cancelled 1,63,042 GST registrations in October and November for defaulting...
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Special Campus Placement for CA in co-operative banks
The Committee for Members in Industry & Business (CMI&B) of ICAI is organising “Special campus placement drive for Co-operative Banks"-...
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Now always keep CA and CS membership card in your mobile phone with digilocker
Digilocker is a mobile application built by government department so that citizens can store documents issued by government and its...
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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
- GIFT City Investments and Schedule FA Disclosure
- 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
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