IT dept raids 100 places in TN, AP in mining, export firms tax evasion case
The Income Tax (I-T) Department on Thursday launched multiple raids at over 100 locations in Tamil Nadu and Andhra Pradesh as part of […]
Category: Taxation
SAT rejects PW plea to extend relief till Mar 2020 to carry out audit work of existing clients
The Securities Appellate Tribunal (SAT) has rejected a plea filed by Price Waterhouse and its network entities to extend by a year till March […]
ICAI Misconduct order against two CAs quashed, CAs were held guilty on the basis of TV sting operation
Gyan Prakash Agarwal (Appeal No. 08/ICAI/2014), Rajiv Maheshwari (Appeal No. 05/ICAI/2014), Sameer Kumar Singh Vs. ICAI (Appeal No. 07/ICAI/2014), Alagaapuram R. Mohanraj […]
Ease of Doing Business report on Oct 31; govt hopeful of jump in rankings aided by GST, Insolvency Code
All eyes will be on the World Bank’s latest Doing Business Report on October 31 with the government hopeful of a big […]
Extension of due date to 25th October, 2018 for furnishing return in the FORM GSTR-3B for the month of September, 2018
It has been brought to notice that there have been apprehensions by trade and industry relating to the *last date for availment […]
Further extend deadline for filing September GST returns till December 31: CAIT to Arun Jaitley
Traders’ body CAIT on Sunday wrote to finance minister Arun Jaitley seeking further extension of the deadline for filing summary sales return GSTR-3B […]
Taxpayers can be prosecuted for non-filing of returns even if eligible for a refund: Delhi HC
Tax assessees beware! The Delhi High Court has ruled that *non-filing of income tax returns can lead to prosecution* even if the taxpayer […]
NFRA is a necessity, ICAI contentions are contrary to international standards
Historically, the role of an auditor has been that of a financial ‘gatekeeper’ which makes it imperative for the auditor to be independent […]
SC denies income tax exemption to local authority
The Supreme Court has held that they are *not eligible for income tax exemption* overruling a Rajasthan High Court order. A top […]
KKR weighing investment in IL&FS road projects
Private equity firm KKR & Co., which completed raising a $7.4 billion infrastructure fund last month, is evaluating infrastructure sector buyouts in India, […]