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Request to relax Tax Audit Limit from 60 to 90 as one time measure for A.Y. 2020-21

November 7, 2020 6906 Views 2 comments Print

You are requested to relax the said general guidelines as a onetime measure to enhance it further to 90 for A Y 2010-21 due to the Covid-19 restrictions of travelling, maintaining social distance etc. This one-time measure will surely helpful to the members to complete their tasks with comfort.

An open letter to Union Minister of Finance for opening a window to pay under SVLDRS

August 20, 2020 10665 Views 4 comments Print

Memorandum seeking a special measure for the opening of Limited Time Window to process of Payment of Taxes under Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS)

File GNL-1 for if looking for 2020 AGM Extension

August 19, 2020 19881 Views 0 comment Print

Ministry of Corporate Affairs has surprised all by issuing a circular No 28/2020 Dated 17th August 2010 clarifying about the extension of holding Annual General Meerut for the companies completing their financial year as at 31st March 2020. The said circular has suggested an old provision for application in GNL-1 for extension of Annual General […]

Conversion of society into a section 8 company- Companies Act, 2013

August 17, 2020 55128 Views 7 comments Print

Section 366 of the Companies Act, 2013 prescribed that the existing societies and any other association registered under different laws or any other legislation framed by various state governments or any community benefit society are having an option to convert themselves in a Section 8 Company under Companies Act, 2013. SOCIETY TO PASS A SPECIAL […]

CA and Economic Patriotism

August 15, 2020 6492 Views 3 comments Print

Amidst, the pandemic with a firm hope to come out from this unexpected spell of hitting the world economies, Prime Minister Narendra Modi Ji addressed the nation on 12 May 2020 and declared to fight the pandemic coupled with the opportunity to be self-reliant. Thus, he has marked the national goal to become self-reliant with […]

Application for Exemption U/S. 10(23C)(VI) – Detailed Discussion

June 12, 2020 126170 Views 10 comments Print

As we all know that earlier application for granting exemption u/s 10(23C)(vi) is applied in Form 56D, which is now omitted w.e.f. 05 November, 2019. Notification No. 60/2019–Income Tax- CBDT amends rules 2C and 2CA related to Application for the purpose of grant of approval for the exemption under sub-clause (iv), sub-clause (v), sub-clause (vi) […]

Time to say Thank You & Respect Small Taxpayers from Business Sector

June 2, 2020 2616 Views 0 comment Print

Who are these people; they are those who are paying the taxes. They are traders; small entrepreneur, Hotelier, Manufacturers, professionals and they are called by a name VYAPARI. This is the time to say thanks to them and to award them with VYAPARI SAMMAN. 

Appeal to President, ICAI for deferring May 20 exams to November 20

May 31, 2020 62121 Views 131 comments Print

It is prayed to merge the May 2020 exam with November exams and initiate the remedial measures of providing options of students to their chosen groups etc. Further in a stressful and trying situation, and I look forward to your understanding to make decisions in a timely and well-informed manner.

Decoding the End of Perpetuity Regime for NGOs, Charitable Trusts etc.

May 9, 2020 6156 Views 2 comments Print

The Finance Act 2020 has brought in some dynamic changes in respect of the exempted Trusts, Societies, NGOs, Charitable Trusts, Section 8 Companies including educational, medical and/or religious institutions complying with the certain rules of registration under the Income Tax Act, 1961 (the Act). The registrations were perpetuity in nature, and their registrations could be […]

Open Letter to Union Finance Minister for TAR due date extension

September 20, 2019 31734 Views 26 comments Print

It is requested by 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 end of September 2019 and further in this hour of severity it would be inhumane and unjust to force assessee until their livelihood returns to normalcy.

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