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ITR-1–Validation Rules for AY 2021-22
Version 1.0 2nd April 2021 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ITR 1 – Validation Rules...
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How to download/Install ITR-1 & ITR-4 Offline utility for AY 2021-22
Introduction to ITR Offline utility Assessment Year 2021-22 ITR-1 and 4* * Enabled for ITR-1 & 4 as of now Steps to Download and install Offline Utility and fill the same Let us understand the executi...
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Advisory on Treatment of Various Items of Cost in view of COVID19
The Institute of Cost Accountants of India Cost Accounting Standards Board Advisory on the Treatment of various items of Cost in light of Covid-19 pandemic & their Presentation / Disclosures in form C...
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UDIN for Audit Forms/Certificates can be updated till 30.04.2021
As per Income Tax E-filing website UDIN for Audit Forms / Audit certificates can be updated till 30th April, 2021. Earlier the date was extended to 31st March 2021 for missed UDINs between the period...
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CBDT re-designated posts due to change in nomenclature of NeAC & ReACs
F.No. A-11011/2/2019-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 31.03.2021 Office Order No. 85 of 2021 W...
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CBDT set-up National Faceless Assessment Centre (NaFAC)
F No. 187/3/2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** North Block, New Delhi — 110001. Dated : 31st March,2021 OFFICE ORDER – 1 Set...
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Faceless Assessment Scheme applies mutatis mutandis to Section 144B Assessment
F No. 187/3/2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110001. Dated, the 31st March, 2021 Order under section 11...
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Faceless Assessment: Assigning role of Pr.CCsIT of region & Pr. CCIT (NaFAC)
F No. 187/ 3/ 2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110001. Dated the 31st March, 2021 Order under section 1...
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CBDT specifies cases for section 144B Assessment
F.No.187/3/2020-ITA-1 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110001 Dated the March, 31st 2021 Order under sub-section (...
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CBDT Set up Regional Faceless Assessment Centre (ReFAC)
F.No 187/3/2020 ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA Division) ******* North Block, New Delhi – 110001. Dated the 31st March, 2021 Off...
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TCS For FY 20-21 End & TCS For FY 21-22 Start- Very Important
Action Required For TCS On Sale Of Goods For Financial Year 2020-21 Note- TCS was made applicable to those whose FY 19-20 Turnover was Crossing 10 cr 1. In case, you are liable to collect TCS under In...
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Rule 12 of Income Tax Rules wef 01.04.2021 | ITR | AY 2021-22
Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 for ready reference of our readers. Changes are Marked in Red Co...
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Timely release ITR Utilities & Stop sending Panic Messages
Chartered Accountants Association, Surat has written a letter to Chairman of Central Board of Direct Taxes and demanded for Timely release of Income Tax Return Utilities and Stopping of Panic Messagin...
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CBDT releases JSON Utility for ITR1 & ITR 4 for AY 21-22
CBDT has decided to discontinue Excel & Java version of ITR utilities from AY 2021-22 and it has released JSON Utility for ITR1 & ITR 4 for Assessment Year 2021-22. The utility for other ITRs will be...
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ITR Forms for A.Y. 2021-22 – Who can file which ITR
ITR Forms for A.Y. 2021-22: ITR-1 (Sahaj) -Resident Individual (Other than ordinarily resident) -Total income Upto Rs. 50 Lacs -Income from salary, one house property, other sources (interest etc.), f...
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Bank Audit- Advisory on SC Order dated March 23, 2021
Advisory on Supreme Court Order dated March 23, 2021 regarding Income Recognition and Assets Classification (IRAC) Norms Preamble The honourable Supreme Court had passed following interim order on Sep...
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Unethical and illegal business practices in e-pharmacy trade
Confederation of All India Traders written to Shri Piyush Goyal against alleged Unethical and illegal business practices in e-pharmacy trade. Full text of their letter is as follows:- Confederation of...
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Extension of time for CEP Credit Hours for renewal of COP for CMAs
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA RI (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) CMA BHAWAN 12, SUDDER STREET, KOLKATA — 700 016. Telephones : 91-33- 2252-031/1034/1035 + 91-33-2252-602/1492/...
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ICAI Gets New Secretary
Public Relations Committee The Institute of Chartered Accountants of India 1st April, 2021 Press Release ICAI gets New Secretary CA. Mukesh Kumar Jain, Secretary, ICAI CA. Mukesh Kumar Jain has joined...
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Audit Report on Maintenance of Software with Audit Trail postponed
Companies (Audit and Auditors) Second Amendment Rules, 2021- MCA has earlier mandated that Auditor has to report in his Audit report starting from 01.04.2021 that if the Company is maintaining its boo...