News
BCAS writes an open representation/ request to PM Narendra Modi for extension of due dates of Audit and return filing under Income tax and GST
As we are moving towards the end of October month we can see various due dates of Income tax and...
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Can one person show income from business and profession under presumptive taxation scheme in one return? | 44AD vs 44ADA
Presumptive taxation scheme of government which is covered under a series of sections of 44 i.e. 44AD, 44ADA, 44AE etc....
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Person holding foreign shares or shares in foreign entity or RSU needs to compulsorily File income tax return every year
During this period of time the biggest question in the mind of any individual would be whether they are required...
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Chartered Accountant/ CA Firm cannot show name of his/ their clients or their logo on his/ their firm’s Website
The members are aware that the Council has issued the Website Guidelines in 2001, which have been revised from time...
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E-way bill generation will be blocked for people with aggregate annual turnover above Rs. 5 crore | Facility for resent OTP on GST website
Blocking of E-Way Bill (EWB) generation facility for taxpayers with AATO over Rs 5 Cr., after 15th October, 2020 In...
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Institute of Cost accountant of India to take online exam for Intermediate and Final | Do you think professional exam can be conducted online from home?
The Institute of Cost Accountants of India has announced that they are going to conduct online examination for intermediate and...
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Changes in GSTR 9/ 9C | Filing of Nil return via SMS | Turnover for GST audit of FY 2018-19 and 2019-20 notified in GST rules on 15.10.2020
Notification 79/2020: 1. First amendment has been made to Rule 67A for filing of "Nil" GST return i.e. GSTR 3B,...
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GST annual return optional for FY 2019-20 | New rules for mentioning HSN/ SAC codes
CBIC has issued notification implementing various suggestions by GST council in the 42nd GST council meeting. Notification 77/2020: Vide notification 77/2020...
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Due dates for GSTR 1 and GSTR 3B announced for months Oct 2020 to March 2021 | No quarterly GSTR 3B as of now
CBIC has issued notification implementing the suggestion by GST council in the 42nd GST council meeting relating to quarterly GSTR...
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Form 3CB, 15CB or any other Forms filed by CA on e filing website valid only after UDIN validated on e-filing website within 15 days
Let's first understand a brief about UDIN and why was it needed? It has been noticed that financial documents/ certificates...
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Now you might be required to re-validate/ re-confirm cheque issued above Rs. 50,000 or else payment might fail
RBI is all set announce a new cheque clearing system by the name "Positive Pay system" from 01.01.2021 wherein cheque...
Read moreICAI reschedules CA November 2020 exam date to 21.11.2020 from 01.11.2020
Earlier CA intermediate and CA final exam for November 2020 attempt was scheduled to start from 1st November. ICAI had...
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Clarification regarding Claiming of ITC and calculation of cumulative eligible credit for month of Feb 2020 to august 2020
CBIC had vide notification 30/2020 allowed for taking cumulative ITC under rule 36 for the month of February 2020 to...
Read moreICAI issuing notices to practicing CA’s who are member of Business network’s like BNI and others
We had published a post a few months ago where we had discussed that "ICAI has released an announcement highlighting...
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House rent allowance (HRA) available even when it is not a part of salary slip? | HRA calculation |Calculation sheet available
When it comes to taxation, a salaried employee is the one who pays the most tax because, a salaried employee...
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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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