Advisory for Bank Branch Auditors- 2019-20 by ICAI 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… Read More »
Direct Tax Dispute Resolution Scheme 2016 Relief not allowed after delay of 3 years : HC Direct Tax : Petitioner’s appeal before the CIT(A) was dismissed on 31st March, 2016. The Petitioner’s application admittedly made on 9th August, 2016 after the Appeal was dismissed. This application came to be rejected on 22nd September, 2016, as… Read More »
Exp for Director remuneration allowed if it was allowed in earlier years : HC Assessing Officer in the orders passed u/s. 143 (3) for subsequent assessment years from 2010-11 to 2014-15 has allowed similar commission/incentive, therefore, following the rule of consistency, we are of the considered opinion that no disallowance u/s. 36 (1) (ii) of… Read More »
GST Tran-1 filing allowed if could not be uploaded due to technical glitches: HC The respondents herein had tried to upload form GST TRAN-1, but it could not be filed on account of technical glitches in terms of poor network connectivity and other technical difficulties at common portal. Under the circumstances, this Court has gone… Read More »
How to Save Tax on Sale of House I CA Satbir Singh What is the capital gain on Selling property ? Types of capital gain on sale of residential house ? How to save tax under section 54 and 54EC of Income Tax Act. ? What is the Short term capital gains tax on property… Read More »