News
Another relief from ICAI by waiver of condonation fees w.e.f. 01.11.2020 to 31.12.2020
Amid pandemic ICAI has been very helpful to it's members and now ICAI has even waived condonation fees for delay...
Read moreWIRC of ICAI has launched various professional tools for helping practicing Chartered Accountants
As we know ICAI is the mother-body of all the Chartered Accountants in India and to practice the profession one...
Read moreImporant Announcement by ICAI for Admit card of November 2020 exam
ICAI had made an announcement where it has mentioned that Admit card for November 2020 exams shall be available for...
Read moreParticipation of CA Firms in EoI for audit of Financial Documents submitted by MEF Applicants 2020-21
As you are kindly aware, the MEF for the year 2020-21 has been hosted with the last date of filling the...
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Can one person show 2 business under 44AD? What if one business profit is below 6% or 8% under 44AD?
In our earlier post we had discussed whether a person can show income under 44AD and 44ADA simultaneously. Now, in...
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CBDT issues stringent guidelines for coercive/intrusive tax recovery
CBDT, with immediate effect, by order u/s 119 restricts the coercive/intrusive powers of AO/TRO for tax recovery; 1. TDS charges:...
Read moreTax audit Checklist by ICAI for 2020
Tax audit is a service/ audit which only Chartered Accountants can conduct and which forms a major part of total...
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New Due date for Vivad se vishwas Act, notified on 27.10.2020
Vivad se vishwas is a dispute resolution scheme under Direct Tax which was announced after the success of dispute resolution...
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Now file NIL Form CMP-08 statement through SMS on GST Portal for composition dealer registered under GST
A Composition taxpayer may now file NIL statement in Form GST CMP-08 for a quarter, through an SMS, apart from...
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Interest repayment by Central government for various loan during moratorium | It has something for everyone | Diwali gift
From last many months there is case going on in Supreme Court against the compound interest i.e. interest on interest,...
Read moreWithdrawal of EVC facility extended to companies for filing GSTR1 and GSTR3B.
GST website on 23.10.2020 made an announcement and withdrawn the facility to file GST return using EVC for corporate taxpayers....
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Due date for GSTR 9 and 9C has been extended for FY 2018-19
CBDT has today announced extension of due date for filing of Tax audit report and income tax return and in...
Read moreCBDT extends Tax audit and Income tax return due date for FY 2019-20
Just today we had posted an article on changes in 3CD and how extension is going to come in 2-3...
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New Utility for Form 3CB, 3CD and other tax audit forms released by CBDT with errors? | What will happen to TAR submitted between 01st OCT to 22nd OCT?
We had discussed in our post that various changes have been made in tax audit report's schema and utility on...
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MCA waived off the requirement for directors to be in India for 182 days or more during FY 2020-21
Ministry of corporate affairs has vide circular no. 36/2020 dt. 20.10.2020 waived off the requirement under section 149 of the...
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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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