Dear Professional Colleagues, The ICAI constantly endeavors to use technology to provide an ease of service delivery experience to our stakeholders. In yet another path-breaking initiative for promoting e-governance, ICAI has successfully launched the Digi-Locker facility for its members and students during the recently concluded Virtual International Conference. The ICAI Digi-Locker facility is being provided by […]
An assessing officer [referred to as AO] having finished his unofficial work, no need to explain what an unofficial work is. He was about to pack up. He checked all drawers of the table and door of the cupboard duly locked. Laptop was already turned off. For a while he stared around the cabin making sure nothing confidential left in open. He lit cigarette and dragged mouthful of smoke. He felt loose and relaxed.
Every year brings the possibility of a fresh start with it. Regardless of the events of 2020, it is time to look forward to the new year and make plans for it. For most of us, financial planning is the place to start it. While the last several months have been a challenging time for […]
Target Corporation India Pvt Ltd Vs C.C.E. (CESTA Bangalore) Definition of ‘Manpower Recruitment or Supply Agency’ seeks to bring under its ambit, two types of activities i.e. recruitment of manpower and supply of manpower and further the service becomes the taxable service only if provided by a manpower recruitment or supply agency but in the […]
Manish Kumar Vs Union of India (Supreme Court) The petitioners have approached Supreme Court under Article 32 of the Constitution of India. They call in question Sections 3, 4 and 10 of the Insolvency and Bankruptcy Code (Amendment) Act 2020. Court held as follows:- We uphold the impugned amendments. However, this is subject to the […]
In continuation of Ministry’s policy to decriminalize minor, technical and procedural offences, it had undertaken action to identify twenty (20) Compoundable offences under the Limited Liability Partnership Act, 2008 and a public notice was placed on MCA website for suggestions and comments from stakeholders with respect to Decriminalization of Compoundable Offences under the Limited Liability Partnership Act, 2008 for improving Business Sentiments. In response to the said notice, some suggestions were received from different stakeholders.
CPC Handbook For Tax Consultants/Taxpayers – November 2020 Centralized Processing Center, Bangalore has prepared a handbook in order to provide guidance to taxpayers and taxpayers’ representatives regarding e-filing of returns, processing of returns, issue of refunds, validation of bank accounts, filing of rectification applications and various other connected topics. The answers to the Frequency Asked […]
Availability of Companies Fresh Start Scheme-2020 Form as e-form w.e.f. 16th January, 2021 Companies Fresh Start Scheme, 2020 was a scheme which given a chance to enable companies to make good of any filing-related defaults, irrespective of the duration of default, and make a fresh start as a fully compliant entity. Companies Fresh Start Scheme, […]
The Dehradun Chartered Accountants Society Vs. Union of India (High Court of Uttarakhand at Nainital) High Court held that Admittedly, the country continues to suffer and to reel under the COVID-19 pandemic. A large number of assesses still find it difficult to even meet their Chartered Accountants and to file their Income Tax Audit Reports […]
Handbook on Audit of CSR Activities, has been published by the ICAI in an effort to guide the members in meeting the expectations of the professionals and the stakeholders in this respect.
