Income Tax : Explore significance of Rule 17AA from Finance Act, 2022, its impact on charitable institutions, compliance, and penalties for non...
Income Tax : Form 10B notified vide Notification No. 7/2023 dated 21st February 2023 is applicable from Assessment Year 2023-24 onwards i.e. fo...
CA, CS, CMA : Unlock the potential for Chartered Accountants in the field of mediation with the Mediation Act, 2023. Explore how CAs can leverag...
Income Tax : Learn about latest changes in Form 10B and Form 10BB for 2023, their applicability, key differences, consequences of non-complianc...
CA, CS, CMA : Tax audit is a cross-examination of the books of accounts of the taxpayer by a practicing Chartered Accountant under the Income Ta...
CA, CS, CMA : Application For Concurrent / Revenue Audit ( Year 2015-16 )- 1. Allahabad Bank invites applications in the under noted prescribed ...
CA, CS, CMA : As per CPE learning which is eligible for CPE credit for Unstructured Learning Activities(ULAs), the members are required to submi...
Income Tax : Under the new scheme Form 16/16A shall not be issued manually. A deductor shall download Form No. 16/16 A from the online system. ...
CA, CS, CMA : ICAI has expressed its serious concern to rename the ICWAI body to a name identical to Institute of Chartered Accountants of India...
CA, CS, CMA : Allocation of Banks and finalisation of Statutory Branch Auditors are in process. It is expected that the same shall be completed ...
Goods and Services Tax : Show cause notice was issued without scrutiny of the taxable value on which service tax was due from the appellant. He submitted t...
Income Tax : Sudha Garg Vs ITO (ITAT Delhi) The assessing officer made the assessment order u/s 147/143(3). The only issue involved in this app...
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 […]
The Institute of Chartered Accountants of India is contemplating conveying back regulation that prohibits undercutting of fees by audit firms. In a recent council meeting, council members discussed returning to the earlier ethical rule when firms weren’t allowed to undercut statutory audit fees. The members deliberated on the issue and directed the Ethical Standards Board […]
Tax Deducted at Source popularly known as TDS, is the tax that is deducted from the income which falls in the taxable category. The rates are well prescribed and tax has to be deducted as provided in the Section 206 AA of the Income Tax Act. SECTION 206AA. REQUIREMENT TO FURNISH PAN Section 206AA talks […]
The Chartered Accountant day celebrations of 1st July 2018 are over now and more or less all the candidates for central council and regional councils have knocked the doorbells of the members of the Institute of Chartered Accountants of India by way of their declaration of candidature on this auspicious day. The elections shall be […]
Rule 46 A of the Income Tax Act is the rule related to production of additional evidence before the first appellate authority after an assessment being made by the Assessing officer.
