Income tax Rules for depreciation under section 115BAA, 115BAB and 115BAC announced

ICAI has announced a new MBA programme for Diploma in Management and Business Finance

Earlier CA intermediate and CA final exam for November 2020 attempt was scheduled to start from 1st November. ICAI had ...

Further clarification by CBIC for claiming 20% ITC on invoices not available in GSTR – 2A. Circular 123/42/2019 – GST

Clarification regarding Claiming of ITC and calculation of cumulative eligible credit for month of Feb 2020 to august 2020

by GST expert

October 13, 2020

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CBIC had vide notification 30/2020 allowed for taking cumulative ITC under rule 36 for the month of February 2020 to ...

ICAI issuing notices to practicing CA’s who are member of Business network’s like BNI and others

by ADMIN

October 12, 2020

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We had published a post a few months ago where we had discussed that "ICAI has released an announcement highlighting ...

House rent allowance (HRA) available even when it is not a part of salary slip? | HRA calculation |Calculation sheet available

by Naman Maloo

October 11, 2020

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When it comes to taxation, a salaried employee is the one who pays the most tax because, a salaried employee ...

Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-

Requirement for Fresh registration of trust under section 12AB has been extended till 01.04.2021

by Income tax Expert

October 10, 2020

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Section 12AB was introduced by Finance Act, 2020 and was supposed to be applicable from 01.06.2020 which was later extended ...

GSTR 9 & 9A is compulsory for all taxpayer’s in F.Y. 2017-18 or else you won’t be able to edit it in future.

Clarification issued by CBIC regarding aut populated figures in GSTR 9/ 9C for FY 2018-19

by GST expert

October 10, 2020

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Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the ...

Impact of e-Invoicing on Businesses- Simplified & Effective Reconciliation ensured!

by ADMIN

October 9, 2020

2

Introduction e-Invoicing under GST has been implemented by the Government on large enterprises from October 1st, 2020. Businesses are ...

ICAI issues guidelines for students appearing for November 2020 exam and changes in exam schedule for Bihar

by ADMIN

October 9, 2020

2

The attention of the students who are appearing in November 2020 ICAI examination, in terms of announcement No. 13-CA (EXAM)/N/2020 ...

Multipurpose Empanelment form due date extended for 2020-21

by ADMIN

October 8, 2020

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Multipurpose empanelment form was made live on 22.09.2020 by ICAI.In simple words this is used for enlisting Chartered Accountant for ...

Now you cannot generate ITR Acknowledgement/ ITR-V until you e-verify your return or send it to CPC Bangalore | New update to ITR V

ITR acknowledgement receipt signed and sent to CPC, bangalore but ITR V still not generated? Read this post to find the reason

by Income tax Expert

October 8, 2020

1

In our earlier post we had discussed that one cannot generate ITR V until one e-verify ITR or sign and ...

Tax rate of domestic companies slashed/ reduced to 15% and 22% – What’s the truth? – A Summary

Changes in ITR 6 by virtue of notification 82 of 2020 Dt. 01.10.2020

by Income tax Expert

October 7, 2020

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A few days ago we had discussed that ITR 6 is now available for FY 2019-20 and we had also ...

Amendment in Form 3CD and form 3CEB for FY 2019-20 tax audit w.e.f. 01.10.2020

by Income tax Expert

October 6, 2020

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Form 3CD is a basic Form of Tax audit and needs to be uploaded with all tax audit and audited ...

39th GST council meeting. Due date of GSTR 9 for F.Y. 2018-19 extended

GSTR 3B can now be filed quarterly, due date for quarterly filing of GSTR 1 changed: 42nd GST council meeting

by GST expert

October 5, 2020

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42nd GST council meeting was held today on 05.10.2020. Key highlights of the meeting are as under: 1. Enhancement in ...

Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October

Form 10-IE and 10-IF notified for section 115BAC and 115BAD respectively

by Income tax Expert

October 5, 2020

2

It all started with concessional rate of tax for corporates in the form of Section 115BAA and 115BAB for which ...