CAclubindia Articles

Extension of Income Tax due dates for the AY 2021-22 related to the FY 2020-21

Susmita Dutta, CA , CPA 21 May 2021 at 16:22

CBDT, in exercise of its power under section 119 of the Income-tax Act, 1961, provides relaxation on Income Tax due dates as per Circular 9 of 2021 dated 20th May 2021.

Extension of Time Limit for Income Tax Compliance

CA Rahul Mittal 21 May 2021 at 15:36

In order to provide further relief to taxpayers in view of the COVID-19 pandemic, CBDT vide circular No. 09/2021 has further extended the time limits of certain compliances.

Income Tax (CBDT) Due Date Further Extended beyond May, 2021

CS Lalit Rajput 21 May 2021 at 09:42

CBDT has issued a circular w.r.t. extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic and spike in COVID-19 cases.

Account Statement Analysis in Bank Audit

Udit Vyas 21 May 2021 at 09:42

Discussing the account statement analysis in the case of Cash Credit and Term Loan Accounts as these are the advances that contribute maximum in the bank’s fund based advance portfolio.

Standards on Review Engagements (SREs): SRE 2400 (Revised)

Tanuj Chandra Saxenaa 21 May 2021 at 09:41

The main purpose of reviewing a financial statement is to allow professionals to report whether anything has caught their attention which causes them to believe that financial statements aren't prepared in all material respect.

Extension in various due dates vide Circular no. 9 of 2021 by CBDT

VIPUL DHAMIJA 21 May 2021 at 09:41

As per Circular No. 9 of 2021 issued by CBDT, some of the due dates of various compliances such as TDS, TCS, SFT and ITRs have been extended due to the Covid-19 pandemic in the country.

National Pension System (NPS) - Part 3

CMA Poornima Madhava 21 May 2021 at 09:41

This piece attempts to cover all about Registered Pension Funds, How can one open an NPS account and Tax Benefits available under the Income Tax Act.

How to Draft an Appeal under GST?

Akash Gupta 21 May 2021 at 09:41

Any appeal under any law is an application to a higher court for a reversal of the decision of a lower court. Let us understand the steps to draft an appeal under GST.

TDS on cash withdrawal in India

Manish Mehra 21 May 2021 at 09:41

Section 194N has imposed a TDS liability on Payer when any cash payment exceeding Rs. 1 crore is made (individually or in aggregate) during the financial year to Payee.

Restructuring Regulation

Shivanand Pandit 21 May 2021 at 09:41

SEBI has recommended relaxing the Issue of Capital and Disclosure Requirements by lessening the lock-in period for promoters and other shareholders after an IPO.