The Income Tax Department has released a Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021 which clarified that no further extension shall be made in due dates compliances of the Income Tax Act.
The Institute of Cost and Management Accountants of India has released the instructions for CAT Foundation Course Mock Test which is scheduled to be held on 13th January 2021.
The penalty under this Scheme shall be imposed in respect of such territorial area, or persons or class of persons, or income or class of income or cases or class of cases, or penalties or class of penalties as may be specified by the Board.
Shri Santosh Kumar Singh created 44 fake/bogus companies for issuance of fake invoices and passing on ITC to nine export companies which were involved in fraudulent exports, without the supply of any goods.
This Volume of Compendium of Opinions contains opinions finalised by the Expert Advisory Committee during the period February 12, 2017 – February 11, 2018.
The public can now file a Tax Evasion Petition through a link on the e-filing website of the Department under the head “File complaint of tax evasion/undisclosed foreign asset/ benami property”.
The Income Tax Department, on 11th January 2021 clarified that no further extension shall be given for Income Tax Returns and Tax Audit Reports. In this regard, they compared the due date extensions of other countries.
The Institute of Chartered Accountants of India has changed the exam centre in Allahabad for all students for the January/February 2021 Exams. Read the official announcement and the changed exam centre here.
RBI has released the 22nd issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC).
Taxpayers should not wait for the inadvertent gap wherein some invoices are not being populated in GSTR-1 and are advised to proceed with the preparation and filing of GSTR-1, based on actual data as per their records.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CAclubindia
