CBDT highlights 7 red flags to identify post-demonetization cash deposit cover-ups

RBI policy for Rotation and Resting for Statutory Branch Auditors

FSSAI REGISTRATION

Empanelment of Internal Auditors for State Trading Corporation

No reassessment to disallow pension paid to retiring partner in accordance with partnership deed

Trust registration cannot be cancelled with retrospective effect

GSTR 9 (Annual Return) – Available for filing on portal

CBDT issued SOP for handling cases in which notice issued u/s 142(1) not complied with.

Share capital addition Now upheld by Apex Court

Capital gains assessment & Reference to DVO

Empanelment of Auditors for Special Audit of ITDC Units

Interesting Judgemnet – Sale of depreciable assets and exemption claim u/s 54F

Important points before closing books of accounts under GST:

Allowability of Business expenditure incurred through credit card by director

Capital gains liability if Development agreement not acted upon or annulled

Powers of Tribunal to allow the claim of assessee for the first time before Tribunal

Directors liability u/s 179 if there is Non- service of notice before freezing bank accounts of director

Allowability of loss arising on revaluation of foreign exchange outstanding