Analysis of MSME under New GST Return Filling System
The Micro, Small and Medium Enterprises Development Act (MSMED), 2006 was enacted to facilitate the promotion and development and enhance the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental
Income Tax Portal Update: Form 10IEA for Choosing Old Regime Now available for Filing
The Income Tax Portal has been updated with the Form 10IEA, enabled for exercising the option to choose the old regime instead of the default new regime. Form 10-IEA holds significance for professionals and business
CA, ACCA Vacancy in Visa
The Visa invited applications for the post of Senior Financial Analyst. Qualifications 8 years of work experience with a Bachelor’s Degree or at least 6 years of work experience with an Advanced accounting degree 6-8 years
ICAI notifies Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection
The Institute of Chartered Accountant India (ICAI)recently notified the assessment Test (AT0 for certificate course on forensic accounting and fraud detection .The last date for registration was 28th day of april 2024 till 5.30 PM
Income Tax Dept releases Common Offline Utility for Tax Audit Reporting Form 3CA-3CD and 3CB-3CD, updates S. 43B(h) Point No. 66
The Income Tax Department has released the latest common offline utility for Form 3CA-3CD and 3CB-3CD, bearing the latest updates with respect to MSME Payment amendment, Section 43B(h) of the Income Tax Act in Point
ICAI invites Comments/Suggestions Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations 2024
The International Financial Services Centres Authority (IFSCA) has issued a Consultation Paper on the Draft IFSCA (Book-keeping, Accounting, Taxation, and Financial Crime Compliance Services) Regulations 2024, inviting feedback and suggestions from stakeholders including Chartered Accountant
PAN Card Misuse Scam: College Student in Madhya Pradesh discovers Transactions of Rs 46 Cr, receives GST, Income Tax Notice
A shocking discovery has shaken Pramod Kumar Dandotiya, a 25-year-old college student from Gwalior, Madhya Pradesh. He uncovered transactions worth a whopping Rs 46 crore from his bank account, sparking confusion. This came to light
Supreme Court and High Courts Weekly Round Up
This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from  March 23, 2024 to March 30, 2024. SUPREME COURT No Application of S. 71, Customs
Illegal PAN for Bogus HRA Claims: Income Tax Dept to Take Action against Employees
The Income Tax Department has uncovered a fraudulent scheme involving the misuse of Permanent Account Numbers (PANs) to falsely claim Housing Rent Allowance (HRA). This discovery has revealed around 8,000 to 10,000 high-value cases, amounting
ICAI announces Online Panel of Experts for Addressing Bank Branch Audit Related Queries
The Auditing and Assurance Standards Board ( AASB ) of the Institute of Chartered Accountants of India ( ICAI ) has unveiled an Online Panel of Experts to assist Statutory Branch Auditors ( SBAs )
CA, MBA, CMA Vacancy in JPMorgan Chase & Co
The JPMorgan Chase & Co invited applications for the post of Financial Analysis. Qualifications CA / ICWA / CMA / CPA / MBA Finance from premier institute in finance or accounting In-depth knowledge in Excel and
Curbing Corruption or Crushing Opposition? Modi Govt faces Huge Misuse Allegations of CBI/ED amidst Election Heat
The Enforcement Directorate (ED) has made yet another arrest of one of Modi Govt’s critics on last Thursday, just a month before India holds a national election. Earlier on March 22, the Delhi High Court’s
Income Tax 80C Deduction Due Diligence: Last date for ELSS Investments for FY 2023-24 ends Today!
According to the Income Tax Act, if you're following the Old Tax Regime for the Financial Year 2023-24, your tax deduction expenditure for Section 80C Deduction should be completed by 31st March 2024. However, due
GST and VAT Issues: Delhi Tax Dept responds to Sales Tax Bar Association Representation
The Department of Trade and Taxes ( DTT ) of the Government of NCT of Delhi has responded to various requests and suggestions made by the Sales Tax Bar Association ( STBA ) via various
200% Income Tax Penalty if ITR-U not Filed by March 31: Know if You Have To
Taxpayers have a timeframe of 24 months from the end of the relevant assessment year to file ITR-U. For instance, for the Financial Year 2020-21 ( Assessment Year 2021-22 ), the deadline to submit ITR-U