HSN / Service Accounting Code for Professional as mandatory from 1st April

No change in small saving scheme Rate- Order was issued by Oversight

Withholding refund pending completion of scrutiny assessment can be quashed by writ court under article 226 of the Constitution of India

Computation of capital gains is embedded in concept of valuation and merely for this reason question of capital gain arising in application cannot be held to be barred by clause (ii) of proviso to section 245R(2).

Allahabad Bank Statutory Audit Appointment – Gujarat HC issued Urgent Notice to the Bank.

Due Date to use Accounting Software with Audit Trail Extended to 1st April 2022

Scope of Tax Audit Report widened further: Amendment in Tax Audit Report Notified

Rates of TCS from 01/04/2021 [FY 2021-22]

Rates of TDS from 01/04/2021 [FY 2021-22]

Computation of capital gains is embedded in concept of valuation and merely for this reason question of capital gain arising in application cannot be held to be barred by clause (ii) of proviso to section 245R(2).

No license to declare lower profit U/s 44AD

Approval for Manual Issue of Notice u/s 148 without DIN

Sum paid to Non Resident is subject to TDS as assessee failed to establish that Non Resident rendered services outside India

Extension of Time for Intimation of Aadhaar and Certain Other Time Limits

Govt cuts interest rate on Small Savings Scheme – PPF, NSC, Kisan Vikas Patra, Sukanya Samriddhi Accounts

Delhi HC Quashes Notice U/S 148: Rubber-stamp reason given mechanically does not amount to “reasons for the proposed supersession”.

Absence of earning any interest income on capital from the firm is no bar to claim the interest paid on borrowings for the purpose of contributing capital to the firm

No TDS U/s 194H by Pharma co. providing travel, accommodation and other facilities to persons associated with it.