"19 October 2020" Archive

CBDT revises guidelines for intrusive or coercive tax recovery

F.No.275/29/2020-IT(B) 19/10/2020

Corrigendum to Order under section 119 of the Income-tax Act, 1961 dated 16.10.2020 for exercising power of intrusive or coercive action for recovery of tax demand by Assessing Officers or Tax Recovery Officers. F.No.275/29/2020-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, ...

Read More

CBDT issues guideline on power of survey under section 133A

Order No. F No. 187/3/2020-ITA-I 19/10/2020

Order under section 119 of the Income-tax Act, 1961 for exercising power of survey u/s 133A of the Income-tax Act, 1961 and in pursuance of The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 Regarding...

Read More

ICAI Allows Provisional Registration in CA Foundation Course after passing Class X Examination

No.1-CA(7)/193/2020 19/10/2020

Public Relations Committee The Institute of Chartered Accountants of India 19th October, 2020 PRESS RELEASE ICAI Allows Provisional Registration in CA Foundation Course after passing Class X Examination With an aim to provide high quality education and keeping the future global business competencies in mind, the Institute of Chartered Acc...

Read More

Major decisions of 42nd meeting of GST Council held on 05.10.2020

Trade Notice No. 06/2020 19/10/2020

This is for information of all taxpayers that the following proposals have been approved by the GST council, in its 42nd meeting, held on 5th October, 2020. The proposed timelines for implementation of the said decisions are given in the table below:-...

Read More

7 Forms of Business Organisation

While starting business anxiety and uncertainty hits every time in minds of start-ups. The main role of entrepreneur is to cross the ocean of uncertainty and impossibility and by positive attitude monetize the idea. The main difference between entrepreneur and businessman is that entrepreneur makes his imagination true by positive attitud...

Read More
Posted Under: Income Tax |

Annual Compliances for Private Limited Company

Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated. Here is a list of compliances for the Private Company: Sr. No. Particulars Due Dates/Status 1. Company Name Board Every Company shall paint or affix its name, and [&he...

Read More
Posted Under: Income Tax |

9 New changes in GST on the occasion of Navratri

et’s study 9 major updates in GST, which are important for the taxpayers to take note of. Due to future changes & implementation of e-invoicing, it seems that's the GST department is willing to play Virtual Dandiya with a great enthusiasm with the taxpayers....

Read More
Posted Under: Income Tax |

Gist of Changes in GST Compliance – 15.10.2020

The Scheme of New returns was designed to be implemented by 1st Oct 2020 and accordingly the present scheme of GST return filing was mandated till 30th September 2020. However, due to delay in system changes and situations arising on account of COVID-19 the present scheme of filing of returns is continued which is explained below....

Read More
Posted Under: Income Tax |

Compulsion of Tax audit under clause (d) & (e) of section 44AB r.w. 44AD & 44ADA

Whether audit of accounts under clause (d) & (e) of section 44AB read with section 44AD & 44ADA of the IT Act is compulsory for an assessee? It is pertinent to mention that out of the total 5 (Five) conditions of compulsory audit of accounts of certain persons carrying on business or profession, under section […]...

Read More
Posted Under: Income Tax |

Cost Audit under The Companies Act 2013 & Rules

A cost audit represents the verification of cost accounts and checking on the adherence to cost accounting plan. Cost audit ascertains the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, plans, procedures and objectives. A cost audit comprises the following; -Verificatio...

Read More
Posted Under: Income Tax |

Search Posts by Date

October 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031