Tag: taxontips

Hence, this means that under Income tax or GST if the period of limitation for filing any appeal or any ...

All CA should Submit and update unstructured CPE hours for 2020 before 31.05.2021

Extension of last date for complying with the mandatory CPE hours’ requirements for the Calendar Year 2021 from 31st December, 2021 to 28th February, 2022: ICAI

by ADMIN

January 16, 2022

it has been decided by the Competent Authority to extend the last date for complying with the CPE hours’ requirements ...

Chartered Accountant’s beware before issuing any certificate or you might get blacklisted by ministry

Offices of Chartered Accountant and Income tax practitioners to be included in the exempted category in Delhi during Lockdown

by ADMIN

January 15, 2022

The Delhi Disaster Management Authority (DDMA) has declared/ included offices of the Chartered Accountants and Income tax Practitioner under the ...

MCA extends due date for uploading Annual return and Financial statement

MCA increases late fees for delay in filing various Forms from 12 times to 18 times

by ADMIN

January 14, 2022

“B. Following Table of additional fee and higher additional fee (in certain cases) shall be applicable for delay in filing ...

Can a salaried employee show business/ professional income and file ITR 4

More than 25,000 compliances reduced by centre so far in its bid to promote Ease of Living and Ease of Doing Business

by ADMIN

January 13, 2022

Focus on simplicity of processes and timely delivery of services- Shri Piyush Goyal There is a need to develop indigenous ...

Data of GST website under comparison of liability declared and ITC claimed tab not available

Upcoming functionality in GST website – Automatic Interest Calculator in GSTR-3B

by GST expert

January 12, 2022

These system computed interest values will be auto-populated in the Table-5.1 of the GSTR-3B of the next tax-period. The facility ...

Tax audit due date extended to 15.02.2022 by Income tax department from 15.01.2022

January 11, 2022

Further in case of tax audit under 92E cases also the date has been extended from 31.01.2022 to 15.02.2022.

New Tax audit report utility released by Income Tax department on 11.01.2022 | Due date of tax audit report 15.01.2022

January 11, 2022

However, now Income tax department has updated the utility on 11.01.2022 i.e. just few days before the due date and ...

Advisory on Revamped Search HSN Code Functionality – GST website

by GST expert

To ameliorate this challenge and to make the functionality user friendly, ‘Search HSN’ functionality has been revamped by linking it ...

Who needs to get their Books of accounts audited under Income Tax Act | Tax audit under Income tax

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Section 44AB of the Income tax act deals with the provision related to Tax audit. There are in all 5 ...

Representation for extension of Income Tax audit due date by Member of Parliament to Finance Minister

In the Representation made the following points have been raised: Changes in schema of Tax audit report thrice because of ...

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

Form No. 56FF announced to claim deduction under section 10A(1B)(b) with retrospective effect from 29.07.2021

16DD. Form of particulars to be furnished along with return of income for claiming deduction under clause (b) of sub-section ...

Last opportunity to file Income tax return for F.Y. 2018-19 | Belated return u/s 139(4) of the Income tax Act

Can you file Income tax return for FY 2020-21 after 31.12.2021 | Late fees and other consequences for filing Income tax return after 31.12.2021

January 9, 2022 - Updated on January 10, 2022

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1. Can you still file Income tax return for FY 2020-21 after 31.12.2021? Ans: Yes you can still file your ...

Sovereign Gold Bond Scheme announced by Central government for 2021 | Can you invest in same without having a Demat account

Sovereign Gold Bond Scheme 2021-22 (Series IX) – Issue Price

by ADMIN

January 8, 2022