Sanjay mehta FCA ,RV, and IP

भारत वर्ष के आज़ादी के अमृत महोत्सव की हार्दिक शुभकामनाएँ ब बधाई
जय हिंद
भारत माता की जय
वनदेमातरम

For me CA is not just a Career ,
Not just my Father's dream,
Not just a two letters before my name,
For me being CA is a journey full of learning ,falling, preserving ,aspiring to learn more n more.
Rise , Shine and proudly say
Yes I am chartered Accountant.

Happy 74th Chartered Accountants Day.

Relaxation in UDIN Verification Parameters at Income tax e-filing Portal

Presently, various instances of invalidation of UDINs at the e-filing portal are being reported. The members are advised to try again to update those UDINs which have been invalidated earlier at the e-filing portal now.

Members are hereby advised to kindly update all the pending UDINs at the e-filing portal immediately.

UDIN Directorate

CBDT has notified additional conditions under the seventh proviso to section 139(1) whereby return filing is made mandatory in case turnover from business or gross receipt from profession exceeds Rs. 60 lakh or Rs. 10 lakh, respectively. Further, return filing shall be mandatory if the amount of tax deducted and collected in case of a person exceeds Rs. 25,000 or deposit in saving bank account(s) is Rs. 50 lakh or more

ICAI finds Chartered Accountant guilty of Professional Misconduct for taking Tax Audit Assignment without Communicating to Previous Auditor

SC: Insolvency and bankruptcy matters must be decided in 330 days

Assessing Officer can’t adjust Income Tax Refund due to Taxpayer against outstanding Demand in excess to Limit of 20%: Delhi HC

For me CA is not just a Career ,
Not just my Father's dream,
Not just a two letters before my name,
For me being CA is a journey full of learning ,falling, preserving ,aspiring to learn more n more (on last CA day I was only a CA but this year 2 more feathers has been added on my cap i.e- Registered valuer & Insolvency professional),
Rise , Shine and proudly say
Yes I am chartered Accountant.

Happy 73rd Chartered Accountants Day

Tds return due date for March 2021 ,has been extended upto 15 july

ITR filing: Users of new Income tax return portal continue to face glitches New I-T e-filing portal continues to face glitches; some features yet not functional

Declaration Format for not deducting TDS under Section 206AB The Finance Act, 2021 has introduced a new Section.... Read More

https://www.livemint.com/companies/news/dhfl-lenders-did-not-consider-wadhawan-s-proposal-on-merits-or-commercial-wisdom-nclt/amp-11621612486550.html =16217841754967&_ct=1621784181758&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s

DHFL creditors asked to look at promoter’s offer Creditors of Dewan Housing Finance Corporation Ltd (DHFL) did not consider the settlement proposal by its promoter Kapil Wadhawan on its merits or with commercial wisdom, the Mumbai bench of the National Company Law Tribunal (NCLT) said

My first article got published in VIPCA JOURNAL. Special thanks to VIPCA, CA Prakash Patwari , CA Neeraj Kejriwal for this opportunity.
And Kavita Dokania Mehta my wifey as a helping hand.

हिन्दू नवसंवत्सर आनन्द २०७८ की हार्दिक शुभकामनाएं एवं बधाइयां..🙏💘
नव वर्ष आप श्री एवं परिवार जनों के लिए सुख, समृद्धि एवं यश प्रदान करने वाला हो..🙏💘

🇮🇳🇮🇳🇮🇳🙏🙏🧡🙏🙏🇮🇳🇮🇳🇮🇳

All existing charitable trusts registered U/S 12A, Section 12AA, Section 10(23C) and Section 80G of the Income Tax Act, need to be registered under the new Section 12AB to claim exemption u/s 10 or 11, as the case may be. These changes have been made in Finance Act 2020.

2. The registration under Section 12AA of IT Act has been omitted w.e.f. June 01, 2020 due to insertion of sub-section (5) in Section 12AA. Section 12AB (Procedure for fresh registration) was to come into effect from 1 June 2020. The Trusts or Institutions were required to apply for registration and approval under new Section 12AB within 3 months from1 June 2020.

3. The New Registration procedure prescribed under section 12AB for charitable trusts and institutional introduced by Finance Act 2020 has been deferred and extended to 01 April 2021 by the Taxation and Other Laws (Relaxation and Amendments of Certain Provisions) Act, 2020.

4. Hence now all existing trusts have to re-register themselves under section 12AB from 01.04.2021 and before the end of three months from the 1st Day of April 2021.

Happy New Financial Year To All

The Supreme Court on Tuesday rejected the pleas from various trade associations and corporate bodies to extend the six-month loan moratorium period offered by the Reserve Bank of India, adding that a complete waiver of interest during the moratorium cannot be granted either.

Loan moratorium case: Supreme Court to deliver judgment tomorrow on plea seeking waiver of interest on interest

Cheer For Finance Professionals As UGC To Recognise CA, CS And ICWA Certifications As Post-Graduate Degree

Due date for 2019-20 GST Annual Return & Audit extended to 31st March 2021. CBIC Confirmed

*Election Date West Bengal*
Total 8 phase
27nd March Saturday
1st April Thursday
6th April Tuesday
10th April Saturday
17th April Saturday
22nd April Thursday
26th April Monday
29th April Thursday

*Results- 2nd May Sunday*

ICAI’s Disciplinary Committee removes name of 5 CAs for Professional Misconduct

Section 194Q TDS Applicability on Purchase of Goods
Tax Deducted at Source (TDS) under section 194-Q at 0.10% shall be applicable on aggregate Purchases over & above Rs 50 Lacs from a Supplier in India in a financial year.