CBDT extends the due date for filing Income Tax Returns and audit reports from 30th September 2019 to 31st October 2019. For details and specific conditions applicable
Announcment Link :- https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF_News/Order-under-Section-119-of-the-IT-Act-1961-Extension-of-due-date.pdf
Announcment Link :- https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF_News/Order-under-Section-119-of-the-IT-Act-1961-Extension-of-due-date.pdf
NCLT Bengaluru Admits Insolvency Case Against Flipkart India :- https://taxupindia.com/nclt-bengaluru-admits-insolvency-case-against-flipkart-india
Payment of Membership/COP Fees for the year 2019-20 is further extended to 31st December, 2019
For more details please visit :
https://www.icai.org/new_post.html?post_id=16134&c_id=240
For more details please visit :
https://www.icai.org/new_post.html?post_id=16134&c_id=240
11-12-2019 : ICAI Announcement on Association with Other than Members of ICAI :
Clause (2) of Part I of First Schedule to the Act
Clause (3) of Part I of First Schedule to the Act
Clause (5) of Part I of First Schedule to the Act
Clause (6) of Part I of First Schedule to the Act
Check here :- https://taxupindia.com/icai-announcement-joining-association-with-networks-by-members-in-practice
Clause (2) of Part I of First Schedule to the Act
Clause (3) of Part I of First Schedule to the Act
Clause (5) of Part I of First Schedule to the Act
Clause (6) of Part I of First Schedule to the Act
Check here :- https://taxupindia.com/icai-announcement-joining-association-with-networks-by-members-in-practice
Taxup India
ICAI Announcement : Joining/Association with “Networks” by Members in Practice – Taxup India
Network‟ as a medium of referral of professionalwork is permissible only if the Network is registered with the Institute, comprising only of Chartered
Forwarded from Cloud CA Channel
Dear Professional Colleague (CA's),
ICAI has launched a MBA course only for CAs. It is comparable to reputed global MBA courses.
Please go to
https://www.icai.org/new_post.html?post_id=16060 the home page of ICAI.Brochure can be downloaded. Payment links given in brochure.
It will be a game changer in one's life.It is a year long course, classes on alternative Fri & sat evenings, a lot is on line too, fees rs.100000.
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ICAI has launched a MBA course only for CAs. It is comparable to reputed global MBA courses.
Please go to
https://www.icai.org/new_post.html?post_id=16060 the home page of ICAI.Brochure can be downloaded. Payment links given in brochure.
It will be a game changer in one's life.It is a year long course, classes on alternative Fri & sat evenings, a lot is on line too, fees rs.100000.
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Join in our Cloud CA Telegram Channels
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🎓Here are some of the major announcements in GST Council meeting:
🎯 Deadline for GSTR 9 and GSTR 9C return filing for 2017-18 extended to January 31, 2020 from December 31, 2019 earlier.
🎯 GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.
🎯 Land lease GST rates to be applicable from January 1, 2020.
🎯 Penalty for non-filing of GSTR-1 from July 2017 relaxed.
🎯 Uniform rate of 18% for woven and non-woven bags.
🎯 Input tax credit to be restricted to 10 per cent from 20 earlier if invoices not uploaded
🎓 Keep Update Yourself With Us.
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🎯 Deadline for GSTR 9 and GSTR 9C return filing for 2017-18 extended to January 31, 2020 from December 31, 2019 earlier.
🎯 GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.
🎯 Land lease GST rates to be applicable from January 1, 2020.
🎯 Penalty for non-filing of GSTR-1 from July 2017 relaxed.
🎯 Uniform rate of 18% for woven and non-woven bags.
🎯 Input tax credit to be restricted to 10 per cent from 20 earlier if invoices not uploaded
🎓 Keep Update Yourself With Us.
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Report on Audit Quality Review (2018-19) of the Quality Review Board
For more details please visit
https://www.qrbca.in/wp-content/uploads/2019/10/qrb46270.pdf
#QualityReview #AuditQuality #audit
For more details please visit
https://www.qrbca.in/wp-content/uploads/2019/10/qrb46270.pdf
#QualityReview #AuditQuality #audit
GST Returns not filed ? Authorities can attach Your property, Bank Account :- https://taxupindia.com/gst-returns-not-filed-authorities-can-attach-property-bank-accounts
Rs 241 Crore GST evasion racket found by officials :-
https://taxupindia.com/rs-241-crore-gst-evasion-racket-found-by-officials
https://taxupindia.com/rs-241-crore-gst-evasion-racket-found-by-officials
Due date Compliance Calendar for January 2020 :- https://taxupindia.com/due-date-compliance-calendar-for-january-2020
New GSTR-3B Due dates for Tax Payers : https://taxupindia.com/govt-allows-3-last-dates-for-filing-gstr-3b-for-different-categories-of-taxpayers
Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Notifications will follow.
Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana, Andhra Pradesh, Other Territory - 3rd February 2020
Group 2: Jammu and Kashmir, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Gujarat- 5th February 2020
Group 3: Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Andaman & Nicobar Islands, Jharkhand, Odisha, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Lakshadweep, Madhya Pradesh, Uttar Pradesh- 7th February 2020
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Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana, Andhra Pradesh, Other Territory - 3rd February 2020
Group 2: Jammu and Kashmir, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Gujarat- 5th February 2020
Group 3: Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Andaman & Nicobar Islands, Jharkhand, Odisha, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Lakshadweep, Madhya Pradesh, Uttar Pradesh- 7th February 2020
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Key Highlights of the Union Budget 2020 :- https://taxupindia.com/key-highlights-of-the-union-budget-2020
A new tax calculator has been put on the IncomeTaxIndia e-filing Website.
Enter age, income and total exemptions - it will tell you how much to pay in which tax regime, and which regime is better
- Revenue Secretary
Check Out :- https://t.co/FtvZ44hJdD
Enter age, income and total exemptions - it will tell you how much to pay in which tax regime, and which regime is better
- Revenue Secretary
Check Out :- https://t.co/FtvZ44hJdD
Twitter
Taxup India
A new tax calculator has been put on the IncomeTaxIndia e-filing Website. Enter age, income and total exemptions - it will tell you how much to pay in which tax regime, and which regime is better - Revenue Secretary Check out ▶https://t.co/Vq6fY4Pqfo
BANK AUDITS 2020
This year RBI havent sent lists to individual banks rather given a common link to the banks where surplus (other than 4 year term) auditors are available. 6th March is the last day to draw the auditors from the link . Thereafter appointment procedure will start.
*Text of Guidance Note on Audit of Banks, 2020 edition*
https://resource.cdn.icai.org/58602aasb47736-b.pdf
*Appendices of the Guidance Note on Audit of Banks, 2020 edition*
https://www.icai.org/post.html?post_id=16356
*Text of Master Circulars Issued by RBI*
https://www.icai.org/post.html?post_id=16357
*Text of Master Directions Issued by RBI*
https://www.icai.org/post.html?post_id=16358
*Text of Relevant Notifications, FAQs and General Circulars*
https://www.icai.org/post.html?post_id=16359
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This year RBI havent sent lists to individual banks rather given a common link to the banks where surplus (other than 4 year term) auditors are available. 6th March is the last day to draw the auditors from the link . Thereafter appointment procedure will start.
*Text of Guidance Note on Audit of Banks, 2020 edition*
https://resource.cdn.icai.org/58602aasb47736-b.pdf
*Appendices of the Guidance Note on Audit of Banks, 2020 edition*
https://www.icai.org/post.html?post_id=16356
*Text of Master Circulars Issued by RBI*
https://www.icai.org/post.html?post_id=16357
*Text of Master Directions Issued by RBI*
https://www.icai.org/post.html?post_id=16358
*Text of Relevant Notifications, FAQs and General Circulars*
https://www.icai.org/post.html?post_id=16359
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Announcements regarding Repo, Reverse Repo Rates, EMI's etc : https://taxupindia.com/rbi-announcement-highlights-press-conference-on-27th-march-2020
PM CARES TAX BENEFIT :- https://taxupindia.com/pm-cares-donation-through-employer-can-claim-100-deduction-by-employee
Use of Electronic Signature for Signing Audit Reports and Certificates - (13-04-2020)
Announcement Link :- https://resource.cdn.icai.org/59024aasb48128.pdf
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Announcement Link :- https://resource.cdn.icai.org/59024aasb48128.pdf
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Advisory for Bank Branch Auditors- 2019-20
It is to inform that Professional Development Committee,ICAI has issued an advisory for the Bank Branch Auditors for initiating the process of Statutory bank branch audit remotely to ensure timely and effective Bank Audit.
The said advisory has been emailed to all the Applicants whose names were appearing in the RBI Bank Branch Audit Panel. Members / CA Firms who have been allotted the Branch Audit of PSBs for the year 2019-2020,may please check their emails.
Announcement link :- https://www.icai.org/new_post.html?post_id=16444&c_id=219
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It is to inform that Professional Development Committee,ICAI has issued an advisory for the Bank Branch Auditors for initiating the process of Statutory bank branch audit remotely to ensure timely and effective Bank Audit.
The said advisory has been emailed to all the Applicants whose names were appearing in the RBI Bank Branch Audit Panel. Members / CA Firms who have been allotted the Branch Audit of PSBs for the year 2019-2020,may please check their emails.
Announcement link :- https://www.icai.org/new_post.html?post_id=16444&c_id=219
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