TAXounting

Income Tax, GST & Accounts Consultant

[ED @dir_ed]

ED Ranchi has arrested Gyaan Chand Jaiswal @ Babloo Jaiswal and Raaj Jaiswal on 30.09.2026 under Section 19 of the PMLA, 2002, in connection with a GST Input Tax Credit fraud case, following search and seizure operations across Jamshedpur and Kolkata that yielded incriminating documents and digital devices.

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@theicai @IncomeTaxIndia @FinMinIndia @CAclubindia @nsitharaman @aajtak @ndtvindia @ZeeBusiness @CNBCTV18News
CAs are generating UDINs u/s 44AB(e) Income-tax Act, 1961, even where turnover exceeds ₹2 Cr/₹3 Cr
#UDIN #TaxAudit #Section44AB #ICAI #CharteredAccountants #IncomeTax

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After ICAI introduced the UDIN ceiling for Tax Audit, a serious issue has emerged.
CAs are generating UDINs u/s 44AB(e), Income-tax Act, 1961, even where turnover exceeds ₹2 crore/₹3 crore, as no limit prescribed u/s 44AB(e).
@theicai @IncomeTaxIndia @FinMinIndia @CAclubindia

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One more important question for @theicai:
If CAs are misleading clients by presenting the ICAI UDIN ceiling as a statutory turnover limit under the Income-tax Act, will ICAI take disciplinary action against such CAs?
Taxpayers deserve clarity, transparency & correct information.

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After ICAI introduced the UDIN ceiling for Tax Audit, a serious issue has emerged.
CAs are generating UDINs u/s 44AB(e), Income-tax Act, 1961, even where turnover exceeds ₹2 crore/₹3 crore, as no limit prescribed u/s 44AB(e).
@theicai @IncomeTaxIndia @FinMinIndia @CAclubindia

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The distinction between Section 44AB(a) and 44AB(e) is technical and often not clear to clients.
But some CAs appear to be using the UDIN ceiling to confuse/mislead clients.
ICAI must clarify if a CA is allowed to generate UDINs u/s 44AB(e) where turnover exceeds ₹2 cr/₹3 cr?

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Moving goods without an e-way bill? It’s allowed for now, but don’t forget to generate it later!

Stay updated and compliant. 🚚📜

Source - https://t.co/53BTvYmrRS

[GST Tech @Infosys_GSTN]

Dear Taxpayers!📢

It is hereby informed that the e-way bill generation process is currently experiencing technical challenges. The technical team is actively working to resolve the issue at the earliest.

As an emergency measure, the following decisions have been taken:

1. For e-way bills expiring on 31st December, 2024, a one-day extension will be granted once the portal becomes operational.
2. Taxpayers/transporters who are unable to generate e-way bills are permitted to move goods during this time. The e-way bills must be generated once the portal is restored, which will be communicated accordingly.

Your patience and cooperation in this regard are greatly appreciated.

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CBDT extends the last date for furnishing Belated/ Revised return of income for AY 2024-25 in the case of Resident Individuals from 31st December, 2024 to 15th January, 2025.

✅Circular no. 21/2024 dated 31/12/2024 issued-https://t.co/oCuZ6SK8sP

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So technically speaking, a person gets only 30 days to file their IT Return within the due date of 31st July 2024, as Form 16 will be available to the person on or after 25th of June 24.

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Unable to revise 24Q of Q4 FY 23-24 due to error in TDS_RPU_5.1 Version regarding 'Section 10(14)'

As per communication received from Protean Egov it will take at least 2 weeks for the correction.

@ProteanEgovTech @nsitharamanoffc @nsitharaman @IncomeTaxIndia @CAclubindia

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🙏 𝐆𝐚𝐧𝐚𝐩𝐚𝐭𝐢 𝐁𝐚𝐩𝐩𝐚 𝐌𝐨𝐫𝐢𝐲𝐚 🙏

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Form 10B & 10BB filing due date extended to 31st October 23 Accordingly, trusts' ITR filing date extended to 30th November 23.

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𝐇𝐚𝐩𝐩𝐲 𝐉𝐚𝐧𝐦𝐚𝐬𝐭𝐚𝐦𝐢 🌹

𝐉𝐚𝐢 𝐒𝐡𝐫𝐞𝐞 𝐊𝐫𝐢𝐬𝐡𝐧𝐚 🙏

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CBDT extends the time limits for submission of certain TDS/TCS Statements.

Due date for filing of TDS/TCS statements in Form Nos. 26Q, 27Q & 27EQ for first quarter of FY 2023-24 has been extended to 30th September, 2023.

Source - https://t.co/EqwFfmqc2v

[Income Tax India @IncomeTaxIndia]

CBDT extends the time limits for submission of certain TDS/TCS Statements.

Due date for filing of TDS/TCS statements in Form Nos. 26Q, 27Q & 27EQ for first quarter of FY 2023-24 has been extended to 30th September, 2023.

CBDT Circular No.9/2023 in https://t.co/Io1hru0BFD. 370149/109/2023-TPL dated 28.06.2023 has been issued.

The said Circular is available on https://t.co/93GzSTwqOw

@nsitharamanoffc
@officeofPCM
@FinMinIndia
@PIB_India

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💰 𝐒𝐮𝐛𝐡 𝐀𝐤𝐬𝐡𝐚𝐲𝐚 𝐓𝐫𝐢𝐭𝐢𝐲𝐚 💰

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𝐄𝐢𝐝 𝐌𝐮𝐛𝐚𝐫𝐚𝐤!

#Eid #eidmubarak #eidmubarak2023

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ℍ𝕒𝕡𝕡𝕪 ℝ𝕒𝕞 ℕ𝕒𝕧𝕒𝕞𝕚

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🎨 𝗛𝗮𝗽𝗽𝘆 𝗛𝗼𝗹𝗶 🎨

𝗠𝗮𝘆 𝗚𝗼𝗱 𝗴𝗶𝘃𝗲 𝘆𝗼𝘂 𝗰𝗼𝗹𝗼𝗿𝘀 𝗼𝗳 𝗹𝗶𝗳𝗲, 𝗰𝗼𝗹𝗼𝗿𝘀 𝗼𝗳 𝗷𝗼𝘆, 𝗰𝗼𝗹𝗼𝗿𝘀 𝗼𝗳 𝗵𝗮𝗽𝗽𝗶𝗻𝗲𝘀𝘀, 𝗰𝗼𝗹𝗼𝗿𝘀 𝗼𝗳 𝗹𝗼𝘃𝗲, 𝗮𝗻𝗱 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗼𝘁𝗵𝗲𝗿 𝗰𝗼𝗹𝗼𝗿𝘀 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗽𝗮𝗶𝗻𝘁 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗹𝗶𝗳𝗲.

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‼️ Very Important Update ‼️

GSTN Introduces much-awaited changes in GSTR-3B; Negative Values in Table 4 (ITC) of GSTR-3B are now LIVE on GST portal

Source: https://t.co/9jYtbtdyRh

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@Infosys_GSTN @GST_Council @askGST_GoI @cbic_india The Matter has been resolved

Thank You

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@GST_Council @Infosys_GSTN @cbic_india @askGST_GoI
Unable to Submit GSTR-1 & REG-01 via OTP after Portal update on Saturday Evening.

Request you to please look into this matter urgently.