UCO bank is inviting Chartered Accountants from practicing firms to act as Concurrent Auditors. The application will be open from 24.09.20 to 30.09.20. Firms who wish to undertake the audit can apply via the Online Application Portal. Read the official notification below: [EXPRESSION OF INTEREST ..
The Council of Institute of Chartered Accountants of India has submitted a draft to further amend the Chartered Accountants Regulations, 1988 under which several provisions have been made pertaining to Articleship and Industrial Training. Read the official notification of the Draft Regulations below..
The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, Intern..
Comparison Reports of ITC & Liability has been made more user-friendly under the GST Regime by adding various new features. The enhanced version of the same can now be found on the GST Portal. ..
I. Relief to Composition Taxpayers in late fees for delayed filing of Form GSTR-4 (Quarterly Return): Vide Notification No 67/2020 dated 21.09.2020, the taxpayers who were under Composition Scheme, during any period till 31st March, 2019, have been provided relaxation in payment of l..
The Bombay Chartered Accountants' Society has made a request to the Finance Minister with regard to the extension of dates for various provisions made under the GST Act. This has been done in lieu of the COVID-19 pandemic and the appeal has been made for the extension of time-limits that get exp..
Smt. Nirmala Sitharaman Hon’ble Minister of Finance Government of India New Delhi – 110001 Respected Madam, Subject: Request for granting relief from provisions of Tax Collection at Source (TCS) under section 206C(1H) of the Income Tax Act, 1961 1. The Finance Act, 2020 has m..
A request has been generated to take up certain measures and relaxations within the bracket of the Income Tax Act, 1961. This is done keeping in view the hardships faced by taxpayers amidst the COVID-19 pandemic and will further save the taxpayers from any undue and unintended hardship in the future..
Measures to Boost Industrial Growth Rate Industrial growth depends on a number of factors including structural, external, fiscal and industrial factors. The moderation in India’s industrial growth coincides with deceleration in growth of global output. The sudden outbreak of COV..
The Central Board of Direct Taxes on 22nd September 2020 laid down the provisions for the Income Tax (22nd Amendment) Rules, 2020 to further amend the Income Tax Rules, 1962. The official notification is as follows - MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT ..