"30 November 2019" Archive - Page 2

ICAI members to pay Membership/ COP Fees by 31.12.2019

It is just a gentle reminder that Membership/Certificate of Practice Fees for the year 2019-20 became due for payment on 1st April, 2019. If not paid till date, kindly pay Annual Membership/COP Fees by 31st December 2019....

Read More
Posted Under: CA, CS, CMA |

SAP based filing of Appeal Applications under MVAT & CST Act

Trade Cir. 55T of 2019 30/11/2019

The dealers who desire to file Appeal application against the orders passed by the Assessing Authorities under various Acts, apply manually to the Appropriate Authorities. These Appeal Applications are then decided by the Appellate Authorities as per the provisions of the Act....

Read More

Sale of Immovable Property by a Resident – TDS at a glance

Income Tax needs to be deducted at source by the purchaser on payment against purchase of an immovable property following the guideline as below: (Section 194 IA of the Income Tax Act, 1961) Q.1 Who is responsible to deduct? Ans. Any person, being a transferee/purchaser, who pays to a resident transferor for transfer of any […]...

Read More
Posted Under: CA, CS, CMA |

Report on Audit Quality Review- 2018-19

Cases of financial irregularities continue unabated, both in India and abroad, bringing to the forefront yet again concerns over the need to improve audit quality. Reports of resignations of auditors to swift actions from various regulatory bodies against auditors continue to grab headlines on a routine basis these days. There are several...

Read More
Posted Under: CA, CS, CMA |

Viewing Orders of Unblocking of E-Way Bill Generation Facility- FAQs

FAQs on Viewing Orders of Unblocking of E-Way Bill Generation Facility Unblocking of E-Way Bill Generation Facility Q.1 Why my GSTIN is blocked for E-Way Bill generation facility? Ans. Your GSTIN will be blocked for E-Way Bill generation facility, in case, you have failed to file Form GSTR-3B return for last two or more consecutive [&hell...

Read More
Posted Under: CA, CS, CMA |

RFP for Internal Audit of New York Branch of Bank of India

Bank of India Relationship beyond banking REQUEST FOR PROPOSAL FOR OUTSOURCING OF INTERNAL AUDIT OF NEW YORK BRANCH Ref: BOI:NY:AUDIT:2019-20:125 Dated: 11/27/2019 Contents Description Page No Invitation to Bid 3 Requirements, Terms and Conditions (ANNEXURE- A) 7 Broad Scope of Work (ANNEXURE – B) 18 Technical Bid Proposal Form (For...

Read More
Posted Under: CA, CS, CMA |

Impact of New ITC Rule 36(4) of CGST Rules, 2017

Article on impact of circular No. 123/42/2019 –GST dated.11.11.2019 (Restriction in availment of input tax credit of sub-rule (4) of rule 36 of CGST Rules, 2017) under GST Law, 2017) on business community under GST Scenario. Dear Colleagues, good morning. You are all aware that CBIC has given Circular on Restriction in availment of inpu...

Read More
Posted Under: CA, CS, CMA |

Business Loss U/S 28 Vs. Specific Deductions under Business Head

Many times we fall into a confusion regarding the difference between business losses and business expenditure. A business loss can come from the normal operation of the business or an irregular activity arising out of the business whereas expenditure is something which is deliberately incurred for the moving of the business. Let us figure...

Read More
Posted Under: CA, CS, CMA |

Section 194N TDS on Cash Withdrawal from Bank/Post Office

In the Union Budget Sec 194M and Sec 194N of Income Tax Act, 1961 has introduced with a view to encourage digital payments and discourage the practice of making payments in cash, the Union Budget 2019 has introduced Section 194N for deduction of tax at source (TDS) on cash withdrawals exceeding Rs 1 crore. Let’s […]...

Read More
Posted Under: CA, CS, CMA |

Section 194M TDS Provisions as applicable From September 1 2019

FM Nirmala Sitharaman has presented her first Union Budget on 5 July 2019.  In the Union Budget Sec 194M and Sec 194N of Income Tax Act, 1961 has introduced with a view to encourage digital payments and discourage the practice of making payments in cash, the Union Budget 2019 has introduced Section 194N for deduction […]...

Read More
Posted Under: CA, CS, CMA |

Search Posts by Date

February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728