Author: Kewal Garg
MCA is in the process to levy Additional Fee of Rs. 100 per day for Late Filing of Annual Return/ Financial Statements (Forms 23AC, 23ACA, 23AC XBRL, 23ACA XBRL, …
Transport allowance withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and …
CBDT has notified the Revised Procedure for Registration and online Submission of ‘Statement of Financial Transactions (SFT)’ for FY 2017-18 in Form 61A under IT section 285BA read with …
CBDT has Notified ‘Revised Procedure for registration and online submission of Statement of Reportable Account (in Form 61B)’ by Prescribed Financial Institutions under IT Section 285BA read with IT …
CBEC has issued various clarifications/ circulars, from time to time, on furnishing of Bond/ Letter of Undertaking (LUT) by the Exporters for Exports without payment of IGST and also …
CBDT has clarified that any taxpayer who is in receipt of pension from his former employer, shall be entitled to claim a standard deduction of Rs 40,000/- or the …
TDS on PF withdrawals u/s 192 of Income Tax has been introduced to discourage pre-mature withdrawal, promote long term savings and to ensure taxability of such withdrawals in certain …
CBIC has further extended the Last Date for Submission of Statement by Registered Taxpayers in Form GST TRAN-2 upto 30/06/2018, i.e. for taxpayers not having bills/ invoices in respect …
Summary of revised/ extended due dates notified by CBIC for filing of Monthly/ Quarterly GST Returns in Form GSTR-1 (details of outward supply of goods or services or both), …
ICAI has issued ‘Revised SA 299: Joint Audit of Financial Statements’, applicable w.e.f. 01/04/2018 in the case of audit of large entities which appoints more than one auditor (i.e. …