CAclubindia Articles

New Timelines for Validity of Old 148 Re-Assessments Notices as per SC Judgement

Mayank Mohanka 06 May 2022 at 15:16

In this Article, the Author has tried to capture all the nuances and practical implications of the Hon'ble Supreme Court judgement on Validity of Old 148 Re-Assessment Notices, and gives a Clear and Unambiguous Picture & Guidance on the New Valid Timelines for Validity of such impugned Re-assessment Notices, in accordance with the directions given in the SC judgement.

Exemption and Taxability of Leave Encashment

Neethi V. Kannanth 06 May 2022 at 11:48

Every salaried person as per labour law is entitled to a minimum number of paid leave every year. However, it is not necessary that an individual employee utilises all the leave he is entitled for a year. In fact, most employers allow the employees an option of carrying forward such unutilised paid leaves.

Important Updates and Due Date Compliances under GST for May 2022

Tarun Kr. Gupta 06 May 2022 at 08:58

Important clarifications/ amendments issued by the Government on GST in April 2022 along with compliance timelines in May 2022

What is a Foreign Company as per Companies Act, 2013?

InstaFiling Team 06 May 2022 at 08:58

A foreign company in India is an entity that has been incorporated outside India, but happens to perform business operations and activities in India. It has been accurately defined under the Companies Act 2013.

Revision for Accounting Standards - CA Intermediate (Part 5)

Poojitha Raam Vinay 05 May 2022 at 14:42

Revision for AS - CA Intermediate (Part 5)

Income tax reassessment notices under new provisions

CA. Brijesh Baranwal 05 May 2022 at 14:24

Hon'ble Supreme Court in its order today i.e. 4th May, 2022 in the matter of UOI vs. Ashish Agarwal, reversed the decisions of the several High Courts and restored the notices issued under new provisions of income tax in reassessment matters which were applicable w.e.f. 01.04.2021.