PAN-Aadhaar Linking to be completed by June 30, 2021 in the New Income Tax Portal: All you need Know
The last date to link Aadhaar Card and Permanent Account Number (PAN) Link is June 30, 2021. The Central Board of Direct Taxes (CBDT) has announced that for those who will not link their PAN
Sole Decision of Related Parties Financial Creditors Could Be Fatal for Existence of Corporate Debtor: NCLAT quashes Liquidation Proceedings
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench while quashing the Liquidation Proceedings ruled that the sole decision of related parties Financial Creditors could be fatal for the existence of the corporate debtor and
CA Association writes to Govt. inclusion of CAs to Priority Group to enable early Vaccination
The Karnataka State Chartered Accountants Association (KSCAA) writes to the government requesting the inclusion of CA to the Priority Group to enable early vaccination. The KSCAA wrote that as there is a shortage in the
Know the Reasons Why Form 26AS must be checked before Filing Income Tax Return
If you are filing Income Tax Return as an individual or as a company, there is something called Form 26AS which captures all the tax paid on your behalf by your employer or clients What
Know 3 Upcoming Functionalities to be deployed on GST Portal: GSTN
The Goods and Service Tax Networks (GSTN) with the objective of  smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances announced the 3 Upcoming
Key Recommendations of 44th GST Council Meeting
The 44th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The Council in its meeting has decided to reduce the GST rates on
ED empowered to Dispose of Objections for want of detailed consideration: Delhi HC refuses to quash SCN against J.P Morgan
The Delhi High Court while refusing to quash the Show Cause notice (SCN) ruled that the Enforcement Directorate (ED) is empowered to Dispose of Objections for the want of detailed consideration. The petitioner, J.P.Morgan India
Delayed Self-Assessment Tax Payment can’t be Tax Arrear for Vivad se Vishwas Scheme: Bombay High Court [Read Judgment]
The Bombay High Court ruled that the Delayed self-assessment tax payment cannot be tax arrear for Vivad se Vishwas Scheme. The petitioner, Macrotech Developers Limited is a public limited company incorporated under the Companies Act,
ICAI directs CA Members to Register to get Digital Audit Tools Free of Cost
The Institute of Chartered Accountants of India (ICAI)  has directed CA Members to Register by June 30, 2021, to get Digital Audit Tools Free of Cost. The Committee for Members in Practice (CMP) world stands
Punjab & Haryana HC rejects Anticipatory Bail to persons accused of Money Laundering worth Rs.220 Cr [Read Order]
The Punjab and Haryana High Court rejected the anticipatory bail to a person accused of Money Laundering worth Rs.220 Crores. The petitioner, Jagadish Nangineni and Jagdish Chandra Sharma submitted that Sobha and Chintels entered into
Writ Petition challenging Levy of Service Tax not maintainable since Alternative Statutory Remedy available: Madras HC [Read Order]
Madras High Court ruled that the writ petition challenging levy of Service Tax not maintainable since alternative Statutory Remedy available. The petitioner, Mr.S.Subin Vinoth Kumar who is the Legal Representative of Mr.Suriyamurthy assailed the order
Addition can’t be made on Amount not yet received by Assessee for Non-fulfillment of obligations set out in Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the addition can not be made on the amount not yet received by the assessee for non-fulfillment of obligations set out in the sale deed.
Webinar: Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward [REGISTER NOW]
Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA.
ICAI postpones Special Examination under MRAs / MOUs for CA Members
The Institute of Chartered Accountants of India (ICAI) on Thursday postponed the Special Examination for CA Members of Institutions with whom ICAI had entered into Mutual Recognition Agreement (MRAs) / Memorandum of Understanding (MOUs), June
Interest leviable on Default in Payment of Advance Tax installment on Returned Income, not on Assessed Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the interest payable under Section 234C is applicable on default in payment of advance tax installment on returned income, and not on assessed income. The