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The Common Mistake while Investing in Stocks…..CA. Amit Vangani

September 16, 2021 0 Comments

The Common Mistake while Investing in Stocks..... CA. Amit Vangani Author CA. Amit Vangani amitvangani18@gmail.com As a new Investor, we are very much excited about finding the “Next Multi-bagger “and hence get carried away without even knowing what the company does & who ...

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New Vs Old Definition Of Small Company By CS.Tanveer Singh Saluja

New Vs Old Definition Of Small Company By CS.Tanveer Singh Saluja

September 16, 2021 0 Comments

New Vs Old Definition Of Small Company By CS. Tanveer Singh Saluja Author CS. Tanveer Singh Saluja cstanveersaluja@gmail.com As the annual filing season is coming along the way, it is pertinent to have a clear understanding about the applicability of definition of small ...

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Whether AOP Trust CAN also opt for the New Taxation Regime?

Whether AOP Trust CAN also opt for the New Taxation Regime?

September 16, 2021 0 Comments

Whether AOP Trust CAN also opt for the New Taxation Regime? There are various cases where the trust and AOP are subject to the tax rates as are applicable to Individual i.e., the taxation is done on the basis ...

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ROC Compliance Due Dates for the month of September, 2021:

ROC Compliance Due Dates for the month of September, 2021:

September 16, 2021 0 Comments

ROC Compliance Due Dates for the month of September, 2021: The amount of penalty and fine under the companies Act is much higher as compared to various other fiscal laws. One has to ensure the compliance in a time bound manner. Here ...

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FILING OF FORM 10-IE: CONDITION FOR AVAILING NEW TAX REGIME?

FILING OF FORM 10-IE: CONDITION FOR AVAILING NEW TAX REGIME?

September 16, 2021 1 Comment

FILING OF FORM 10-IE: CONDITION FOR AVAILING NEW TAX REGIME? The new regime of taxation as was announced by Finance Act 2020 is contained in section 115 BAC which is forming the part of Chapter XII of the Income Tax ...

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Fake ITC of 121 crore: DGGI Gurugram arrested 3 persons, including mastermind, commission agent and CA in racket of fictitious firms involving

Fake ITC of 121 crore: DGGI Gurugram arrested 3 persons, including mastermind, commission agent and CA in racket of fictitious firms involving

September 16, 2021 0 Comments

Fake ITC of 121 crore: DGGI Gurugram arrested 3 persons, including mastermind, commission agent and CA in racket of fictitious firms involving Ministry of Finance DGGI Gurugram arrests 3 persons, including mastermind, commission agent and CA in racket of fictitious firms ...

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HC directs CBDT to dispose the representation made U/S 194O:

HC directs CBDT to dispose the representation made U/S 194O:

September 15, 2021 1 Comment

HC directs CBDT to dispose the representation made U/S 194O: A single judge bench of the Calcutta High court on hearing the writ petition filed by the Mjunction Services Ltd.directed the Central Board of Direct Taxes (CBDT) to consider and ...

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Concept & Meaning of Turnover in Tax Audit By CA. R.S.Kalra

Concept & Meaning of Turnover in Tax Audit By CA. R.S.Kalra

September 15, 2021 0 Comments

Concept & Meaning of Turnover in Tax Audit By CA. R.S.Kalra Author CA. R.S.Kalra ca.rskalra@yahoo.com How to calculate the gross receipt or turnover? ‘Turnover’, ‘Gross Receipts’ and ‘Sales’ are the buzzwords during this Tax Audit season. Incidentally, they are the very starting point ...

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How to Link UAN with Aadhaar? due date 31.12.2021

How to Link UAN with Aadhaar? due date 31.12.2021

September 15, 2021 0 Comments

How to Link UAN with Aadhaar? due date 31.12.2021 Employees' Provident Fund Organization (EPFO), India Ministry of Labour & Employment, Government of India has issued Instructions for transfer online EPF during this Pandemic situation (COVID-19)" If you do not link your ...

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Company Law, Income Tax

Online EPF Transfer Process from EPFO member portal

September 15, 2021 0 Comments

Online EPF Transfer Process from EPFO member portal Employees' Provident Fund Organization (EPFO), India Ministry of Labour & Employment, Government of India has issued Instructions for transfer online EPF during this Pandemic situation (COVID-19)". Members with authenticated Aadhaar and Bank ...

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Tribunal can’t set aside sec. 40(a)(i) disallowance without assigning reason for its conclusion: Karnataka HC

September 15, 2021 0 Comments

Tribunal can't set asidView poste sec. 40(a)(i) disallowance without assigning reason for its conclusion: Karnataka HC Short Overview of the case: Subex Technologies Ltd [2021] 127 taxmann.com 675 (Karnataka) The issue was pertaining to Section 195 read with section 40(a)(i), of the Income-tax Act, 1961 ...

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CBIC issued clarification regarding extension of time limit to apply for revocation of cancellation of registration

CBIC issued clarification regarding extension of time limit to apply for revocation of cancellation of registration

September 15, 2021 0 Comments

CBIC issued clarification regarding extension of time limit to apply for revocation of cancellation of registration Circular No. 158/14/2021-GST Dated September 6th, 2021 CBIC has issued a circular to clarify the issues relating to the extension of timelines for application for ...

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Validity of addition on account of unaccounted cash towards sale of land based on assessee’s acceptance during income tax raid

September 15, 2021 0 Comments

Validity of addition on account of unaccounted cash towards sale of land based on assessee's acceptance during income tax raid This was the issue which has arisen in a Revenue's appeal in Hyderabad ITAT. Short Overview of the case: ACIT Vs V ...

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Directorate of Revenue Intelligence officers in Lucknow seized 77 gold biscuits from passengers who had arrived from Riyadh at Lucknow Airport in an anti-smuggling operation

Directorate of Revenue Intelligence officers in Lucknow seized 77 gold biscuits from passengers who had arrived from Riyadh at Lucknow Airport in an anti-smuggling operation

September 15, 2021 0 Comments

Directorate of Revenue Intelligence officers in Lucknow seized 77 gold biscuits from passengers who had arrived from Riyadh at Lucknow Airport in an anti-smuggling operation Here is a weekly letter written by the CBIC Chairman to its officers. It is ...

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Income tax Rule 12F Notified by CBDT to prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section 142

September 15, 2021 0 Comments

Income tax Rule 12F Notified by CBDT to prescribed income- tax authority under second proviso to clause (i) of sub-section (1) of section 142 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 109/2021-Income Tax | Dated: 13th September, ...

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Validity of re-assessment Notice u/s 148 issued on or after 1-4-2021 where due process under section 148A was not followed

Validity of re-assessment Notice u/s 148 issued on or after 1-4-2021 where due process under section 148A was not followed

September 14, 2021 0 Comments

Validity of re-assessment Notice u/s 148 issued on or after 1-4-2021 where due process under section 148A was not followed It was submitted that on the date i.e. on 30-6-2021 when the notice under section 148 was issued, the power ...

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Amendment in the scope of the Faceless Assessment Scheme by CBDT

September 14, 2021 0 Comments

Amendment in the scope of the Faceless Assessment Scheme by CBDT CBDT has excluded the cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN from the purview of section 144B ...

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Know about the Original Due Date, Extended Due Date & Re-Extended Due dates of filing Income Tax Returns & Audit Reports

Know about the Original Due Date, Extended Due Date & Re-Extended Due dates of filing Income Tax Returns & Audit Reports

September 14, 2021 0 Comments

Know about the Original Due Date, Extended Due Date & Re-Extended Due dates of filing Income Tax Returns & Audit Reports The income tax return filing and tax audit report filing date for the AY 2021-22 has been extended much ...

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