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Open Letter to Union Finance Minister for TAR due date extension
It is requested that The chartered accountants are not in a position to complete audits under Income Tax Act and meet the specified timelines for furnishing of Tax Audit Report which is falling at the...
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Major Income Tax Form to be Filed Along with ITR- Due Date 30th September
Forms Are Commonly Used Forms, Forms To Claim Specific Eligible And Specific Forms.COMMONLY USED FORMS*Form No.DescriptionApplicable toForm 3CA-3CDAudit report under section 44AB of the Income Tax Act...
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Corporate tax rates slashed to 22% and 15% for domestic companies
Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefsThe Government has brought in the Taxation Laws (Amendment) Ordinance...
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Latest and Simplified Version of Regional Economic Integration and WTO
(Based on UGC NET 2019 DEC-COMMERCE Business Environment Syllabus).Following concepts will be fruitful to Students who write examination based on Business Environment. The important concepts explained...
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Cabinet approves Promulgation of Prohibition of E-Cigarettes Ordinance
Cabinet approves Promulgation of the Prohibition of Electronic Cigarettes OrdinanceIn a major health and wellness initiative for the country, the Union Cabinet chaired by the Prime Minister Shri Naren...
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ICAI extends time limit of UDIN generation to 30 days- One Time Relaxation
Extension of time limit of UDIN generation from 15 days to 30 days – One Time RelaxationIn response to the various representations received from Members at large for inability in generating UDIN due t...
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FAQs on UDIN for Practicing Cost Accountants/CMAs
Q.1 What is Unique Document Identification Number (UDIN)? What is the objective of UDIN?Ans. Unique Document Identification Number (UDIN) is an 18-Digits system generated unique number for to be enter...
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Ind AS Technical Facilitation Group Clarification Bulletin 21
Ind AS Technical Facilitation Group (ITFG) of Ind AS Implementation Committee has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or i...
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An impetus to export and import under GST
INDIAN CUSTOMSAnimpetus to export and import under GST.Exports and supplies to SEZ unit / SEZ developer are treated as zero-rated supplies.Exporters may opt to pay IGST on outward supply and claim its...
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4 New Functionality on GSTN Portal for Taxpayers
New Functionality on GSTN Portal for Taxpayers includes functionality for New GST Return (Trial), Opting for Composition scheme by taxpayers dealing with services (Form GST CMP 02), TDS/TCS Deductor &...
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11 Initiatives taken by MCA towards Ease of Doing Business
Initiatives taken by the Ministry towards Ease of Doing Business1. Ministry of Corporate Affairs has provided exemption to private companies through Companies (Amendment) Act, 2015, wherein the requir...
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Government constitutes Company Law Committee
for examining and making recommendations on various provisions and issues pertaining to implementation of the Companies ActIn line with the Government’s objective of promoting Ease of Living in the co...
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Transfer/Posting in respective grade in National e-Assessment Centre
Office Order No. 205 of 2019 and 206 of 2019 -Transfer/Posting in respective grade in the view of diversion of post under newly created NeAC – In view of the diversion of posts in the various grades o...
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Extend due date for filing audited Income tax reports / Returns
The Punjab Accountants Association requested to extend due date for uploading and filing audited tax reports by Assesses till 30th November, 2019. They have submitted the representation to Ms. Nirmala...
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Extend due date for filling tax audit reports & related Income tax returns
Western Maharashtra Tax Practitioners’ Association has requested that the due date for filling of Tax audit reports & Income tax returns falling due on 30th September be extended to 15th November 2019...
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Climate Summit for Enhanced Action: A Financial Perspective from India
AbstractClimate change is one of the most compelling global challenges. Hence, there is a call for urgent climate actions. The Intergovernmental Panel on Climate Change (IPCC) Special Report (October...
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Draft RBI Guidelines for ‘on tap’ Licensing of Small Finance Banks in Private Sector
Reserve Bank of IndiaDraft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private SectorSeptember 13, 2019I. IntroductionThe Reserve Bank had issued the Guidelines for Licensing of ‘S...
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Issue of DIN on Intimation Letter for documents uploaded manually in ITBA
Roll out of facility for System generated Document (i.e. Intimation Letter) containing Document Identification Number (DIN) for documents issued outside the system but uploaded manually in Income Tax...
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Extend last date of filing of ITR & Tax Audit Reports to 15.11.2019
Representation on Extension of last date of filing of Income Tax Returns in Audit cases & Tax Audit Reports from 30.09.2019 to 15.11.2019 by District Taxation Bar Association (Direct Taxes), Ludhiana...
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Complaint against Summoning of CA & seeking working papers by GST Dept.
All India Chartered Accountants Society has made a representation to revenue secretary Shri Ajay Bhushan Pandey against the following alleged acts of harassment and tax terrorism –1. Issuing summons t...