On Friday 8th January 2022, Lenskart CEO Peyush Bansal, was broadcasted saying, "Ek advice hai, CA se durr raho" on the show Shark Tank India. Shark Tank India is an Indian business reality television series that airs on SET India.
CBDT has extended the timeline for filing of Income Tax Returns and various Reports of Audit for AY 2021-22. This has been done following the adverse impact of the 3rd wave of the COVID-19 pandemic and difficulties faced by taxpayers and professionals.
ND Gupta, Rajya Sabha MP and Member in Standing Committee of Petroleum & Natural Gas has written a letter to Finance Minister Nirmala Sitharaman and has sought an extension in the tax audit filing date for the current assessment year.
Any corporation, irrespective of its size, standing in the market and boundary of its business, can take part in this placement programme being held at several centers across the country during February- March, 2022.
Keeping the interest of Professionals and Tax payers ICAI has seeked a waiver of penalty to file various reports under the Income Tax Act, 1961 upto 31st March,2022.
As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B.
The Union budget for FY 2022-23 seems to announce the procedure to reduce the tax litigation, increase compliance by keeping an eye on the transactions in a strict way and work towards the goal of bringing more firms into the fold of the formal sector.
ICAI has decided to carry forward the examination fees of such candidates to the immediate next ISA-AT examination.
ACAE Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman reviewed the performance of Public Sector Banks (PSBs) with their Chairmen & Managing Directors (CMDs/MDs) via virtual mode in New Delhi today.
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