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Process for PAN application for Resident Indian

October 14, 2020 10379 Views 0 comment Print

Permanent Account Number is a number allotted to a person by the Assessing Officer for the purpose of identification. PAN of the new series has 10 alphanumeric characters and is issued in the form of laminated card with photograph.

Extend GSTR-9, GSTR-9C ITR & Tax Audit Due dates

October 14, 2020 31041 Views 2 comments Print

वित्तीय वर्ष 2019-20 (कर निर्धारण वर्ष 2020-21) के लिए आयकर कानून के अंतर्गत प्रस्तुत की जाने वाली ऑडिट रिपोर्ट तथा आयकर विवरणी एवं जी एस टी कानून के अंतर्गत वित्तीय वर्ष 2018-19 के लिए प्रस्तुत की जाने वाली रेकन्सीलेशन स्टेटमेंट तथा वार्षिक विवरणी की तिथियों को 31.12.2020 तक बढ़ाये जाने के लिए निवेदन

Conditions of Rule 18DA(8A) can be Looked into Only by Prescribed Authority & Not by the AO

October 14, 2020 843 Views 0 comment Print

The issue under consideration is whether the Tribunal is right in holding that the conditions of Rule 18DA(8A) can be looked into only by the prescribed authority and not by the Assessing Officer?

CBDT assigns role of Pr.CCsIT (Jurisdictional) and Pr. CCIT (NFAC)

October 14, 2020 3018 Views 0 comment Print

With the launch of the Faceless Appeal Scheme, 2020, the Income Tax Department is moving towards minimal interface with maximum governance. In order to effect the same, the National Faceless Appeal Centre (hereafter referred to as NFAC), Delhi has been created under Principal Chief Commissioner of Income-tax (NFAC) and 4 Regional Faceless Appeal Centres (hereinafter referred to as RFACs) under Chief Commissioner of Income-tax, (RFAC) at 4 centres,

HC Rejects Anticipatory Bail to GST Inspector allegedly Involved in Bribery Case

October 14, 2020 2838 Views 0 comment Print

Petitioner filed this petition to seek anticipatory bail in case of his arrest in connection with the FIR registered for the offense punishable under Sections 12, 7(a), and 13(2) of the Prevention of Corruption Act, 1988.

HC Refused to Entertain Plea of Rajinikanth against Property Tax Demand for Vacant Marriage Hall

October 14, 2020 864 Views 0 comment Print

whether the petition filed for disposal of notice for demanding property tax without waiting for disposal of same case by Municipal Corporation is justified in law?

Extend dates for filing Tax Audit Report & ITR for AY 2020-21

October 14, 2020 135864 Views 28 comments Print

Tax Practitioners Association, Indore has made a request for Extension of Due Dates for filing Tax Audit, Audit Reports under Income Tax Act and ITR for Assessment Year 2020-21 to Smt. Nirmala Sitharaman, Ministry of Finance. Text of the Representation is as follows:- Dated: 13th Oct., 2020 To, Smt. Nirmala Sitharaman, Ministry of Finance, North […]

Misinterpretation of LTC stimulus and its benefits

October 13, 2020 2358 Views 2 comments Print

A report has appeared in the Economic Times Markets (ETMarkets.com) which gives the impression that the LTC voucher scheme for Government employees may not be attractive. Unfortunately, the piece which it relies on has a serious factual error in its understanding of how Government LTC works.

Highlights of 43rd GST Council meeting held on 12th October 2020

October 13, 2020 27684 Views 6 comments Print

Highlights of 43rd GST Council meeting held on 12th October 2020 which was continuation of earlier meeting Today’s meeting was a continuation of the 42nd GST Council meeting, to discuss one agenda item, namely no. 9A. Finance Minister Smt. Nirmala Sitharaman has chaired the GST Council meeting via video conferencing in the presence of  Union […]

Revised Schedule of CA Examinations, November 2020

October 13, 2020 13128 Views 0 comment Print

In view of prevailing circumstances; it has now been decided that the   Chartered Accountant Examinations earlier scheduled from 1st November 2020 to 18th November 2020: now to be held from 21st  November 2020 to 14th December, 2020 as per details given below.

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