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Request to resolve issues in newly launched Income Tax Portal

September 14, 2021 61914 Views 41 comments Print

Resolution sought for problems being faced in the newly launched Income Tax portal/Request to resolve the problems & hardships faced by the Common Tax Payers for various compliance under Income Tax Act, 1961.

CA Final & Foundation July 2021 Pass percentage & Topper List

September 13, 2021 90447 Views 2 comments Print

ICAI declares CA Final (New & Old Scheme) & CA Foundation Examination July 2021 Pass percentage & List of Top 3 students. This post contains Pass Percentage and Toppers of Chartered Accountants Final (New Scheme) Examination, Chartered Accountants- Final (Old Scheme) Examination and Chartered Accountants- Foundation Examination Held In July 2021. THE INSTITUTE OF CHARTERED […]

Empanelment with UCO Bank of CA firms for Concurrent Audit

September 12, 2021 37376 Views 2 comments Print

Application For Engagement Of Concurrent Auditor With UCO Bank (2021-2022) [For The Period 01-10-2021 TO 30-09-2022]- Last date for submission of application is 18-09-2021. UCO BANK AUDIT & INSPECTION DEPARTMENT HEAD OFFICE, KOLKATA NOTIFICATION Date : 12.09.2021 [EXPRESSION OF INTEREST FOR ENGAGEMENT OF CONCURRENT AUDITORS] Online application portal will remain open from 13.09.2021 to 18.09.2021 […]

Extension of Due Date of AGM for holding of AGM in 2021

September 12, 2021 102282 Views 4 comments Print

EXTENSION OF DUE DATE FOR HOLDING OF ANNUAL GENERAL MEETING (AGM 2021) Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elapse between the date of one annual […]

Investing in mutual funds? Avoid these mistakes

September 11, 2021 21564 Views 0 comment Print

Sharp correction of March 2020 and subsequent quicker recovery has attracted many investors to equity market. Majority of them are investing through mutual funds. I wish to warn these new investors against the mistakes which novice commit while investing in equity mutual schemes. Let us discuss some of the major mistakes. Making investments without linking […]

How to reduce volatility risk while getting better returns in equity investing?

September 11, 2021 12186 Views 1 comment Print

Volatility is a double edged sword. The recent crash of March 2020 and subsequent faster recovery has amplified this fact. Those who had taken the risk of investing during the crash are now reaping the benefits. However, the reality is that the risk of volatility deters many individuals with low risk appetite from investing into […]

CA Foundation & Final July 2021 Exam Result on 13th September

September 10, 2021 15901 Views 0 comment Print

Results of the Chartered Accountants Final Examination(Old course & New Course) and Foundation Examination held in July 2021 are likely to be declared on Monday, the 13th September 2021(evening)/Tuesday the 14th September 2021. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] September 10, 2021 IMPORTANT ANNOUNCEMENT The results of […]

CBDT extends due dates of ITR & various Audit reports for AY 2021-22

September 9, 2021 95352 Views 5 comments Print

The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of section 139 of the Act, as extended to 30th September, 2021 vide Circular No.9/2021 dated 20.05.2021, is hereby further extended to 31st December, 2021;

Dumb Depreciation on Smart Mobile

September 9, 2021 25446 Views 2 comments Print

If ATM machine can be considered as a computer then why mobile phones and iPad? Considering change in technology, Mobile Phones should be considered as part of Computer and higher rate of Depreciation should be available to them.

Disclosure of Assets in the Income Tax Return (ITR)

September 8, 2021 241503 Views 9 comments Print

Why the requirement to disclose the assets owned by you in the ITR In order to detect the cases of disproportionate increase in the assets as compared to known source of income, the government has mandated individual tax payers to disclose certain assets in their ITR. Let us discuss. To whom this requirement applies? The […]

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