A bells not a bell til you ring it, A songs not a song til you sing it, Love in your heart wasnt put there to stay, Love isnt loving til you give it away! So is our ALMA MATER ICAI, We have to take care in selecting the strong council and regional councils to cater our profession of chartered accountancy.
Sudha Garg Vs ITO (ITAT Delhi) The assessing officer made the assessment order u/s 147/143(3). The only issue involved in this appeal is regarding computation of long term capital gain on sale of property located at Ghaziabad. The assessee has declared the long term capital gain on the sale of the said property claiming real […]
Naturally As long as CA’s are number ONE, everybody will gun them. Being number one, the chartered accountants perfectly understand that many authorities are gunning on them though they are the partner to national building. Everyone is trying to latch Chartered accountants for third-party irregularity, noncompliance or fraud. A mania to create laws against the profession […]
Persons including companies that are required to furnish Income-tax return under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F) shall furnish the return of income under the Income-tax Act, 1961 in Form ITR-7. Section 139(4A) If the total income in respect of the following assessees exceeds the maximum amount which is […]
The resignation of an auditor can be a critical and highly exposed event with serious implications for the company and the auditors themselves. Resignation, particularly in debatable circumstances, can expose auditors to various risks, including the risk of litigation from creditors, investors and the company. Although auditors’ resignations have attracted substantial regulators attention in recent […]
You may kindly note that the last date for submission of online MEF Form for the year 2018-19 is 21st August, 2018 and online Declaration is to be submitted within 10 days of the filling of MEF but not later than 30th August, 2018.
{Recently Taxguru has published my 70th article at its portal. ICAI too is celebrating the 70th year of its establishment. I hereby dedicate my 70 articles to the legendary figures of profession of Chartered Accountancy. Before moving on, I hereby dedicate my 71st article to the ICAI history} The Origin Of Accountants Chartered Accountants were the first accountants […]
In the process of completion of the assessment of a taxpayer or for any other purpose, the tax authorities need to ascertain the value of any capital asset. In such a case, the tax authorities can make a reference to the valuation officer for ascertaining the value of the capital asset. Section 55A contains the […]
The accounting professionals have been able to organise their work and get social and statutory appreciation for their competence, objectivity and integrity. They provide high-calibre services to our society, in general, and to business community, in particular. Accounting professionals who act in a professional capacity are bound to exercise the care and skills required by […]
Every professional of this country must remember what they were doing at 5.22 PM on 26th July 2018. They were busy with calculations, figures and looking towards their wristwatch about the probable time to leave their offices in these busy moments of ITR filing. It was an active day, but an extension of two weeks […]
