CAclubindia News

Important points to note before filing ITR

27 June 2019 at 11:18

Taxpayers are requested to note the followings in connection with pre-filling of ITRs-1. Pre-filling of ITR is only for the taxpayer's convenience. Taxpayers should verify the pre-filled data carefully and add any other taxable income which is no

Posted in Income Tax | 4 comments | 8205 Views

Registration process under GST linked with SPICe-AGILE form of MCA

27 June 2019 at 11:18

Normal and Composition taxpayer can now apply for GST registration, while applying for incorporation of company on MCA Portal. Thus, once a new company applies for its incorporation/ registration with MCA, they can also apply for registration under G

Posted in Corporate Law | 3825 Views

New Task Force to Review Income Tax Act, 1961

27 June 2019 at 11:18

F No 370149/230/2017 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, June 24, 2019 OFFICE ORDER In order to review the existing Income-tax Act, 1961 and to draft a new direct tax

Posted in Income Tax | 5826 Views

Expectation from Union Budget 2019- Increase in Defence Budget

27 June 2019 at 11:18

Replacement of ageing and obsolete defence equipment is part of modernisation of Armed Forces which is a continuous process based on threat perception, operational challenges, technological changes and available resources. The process is based on a

Posted in Union Budget | 1 comments | 3114 Views

702 start ups given Angel Tax Exemption

27 June 2019 at 11:18

Startups receiving investments from Ventures Capital Fund are exempt from taxation as per provision of Section 56, (2) (vii b) of Income Tax Act 1961 (Act). Angel Fund is sub category of Ventures Capital Fund under Category-I Alternative Investment F

Posted in Income Tax | 2130 Views

Clarification on Auditor certificate on return of deposit DPT3 : ICAI

26 June 2019 at 13:07

Clarification on Auditor�s Certificate on Return of Deposits pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 This has reference to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 and further amendments. I

Posted in Audit | 5823 Views

Modifications in the scope of syllabi of select subjects for Inter and Final New course

26 June 2019 at 13:07

ICAI - Modifications in the scope of syllabi of select subjects - Intermediate (New) Course & Final (New) CoursePlease download the attachment mentioned below to know more in details

Posted in Students | 4 comments | 13761 Views

Opening for MD and Senior officers in Indian Institute of Insolvency Professionals of ICAI

26 June 2019 at 13:07

Recruitment of Managing Director & Senior Officers (25-06-2019)The Indian Institute of Insolvency Professionals of ICAI (IIIPI), is a subsidiary of the Institute of the Chartered Accountants of India and is registered as a Sec. 8 Company to enrol

Posted in Professional Resource | 3018 Views

Effect of changes made in ITR Preparation Software and Schema for AY 2019-20

26 June 2019 at 13:07

Consequent to changes made in Income Tax Return Preparation Software and Schema for AY 2019-20, Please note the below: 1. Already saved draft data will not be available in case of Online ITR 1 & 4 2. In case of Offline utilities, XML has to be re

Posted in Income Tax | 2 comments | 5805 Views

Auditor certificate in DPT3 required only in case of deposits and no extension : MCA

25 June 2019 at 16:55

I am directed to refer your letter dated 11.06.2019 on the subject cited above and it is stated that Auditor Certificate is mandatory only in case of return of deposits. Same is also mentioned In Instruction Kit given with e-Form DPT-3.2. Further, fo

Posted in Corporate Law | 5469 Views