Taxontips

Tax assistance on your finger tips👆
We are a team of Chartered Accountant's and professionals.
You can find us on YouTube with the name Taxontips

[Taxontips @technicalCA]

All #CAFinal / #CAIPCC students can visit this website https://t.co/HtXTNYYpZc and ask any of their queries in Income Tax and get replies from various income tax expert who write for the website.

[Taxontips @technicalCA]

New Post: Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively? - It essentially marks the initiation of detailed scrutiny for your return, which means the department
Read more: https://t.co/leAPIUUOW8
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[Taxontips @technicalCA]

New Post: ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law] - capital gains arising from redemption/sale of mutual fund units by a Singapore tax resident are taxable only
Read more: https://t.co/GwuJCcQNrI
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[Taxontips @technicalCA]

New Post: No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25? - In AY 2024-25 there has been a lot of confusion with regard to whether 87A rebate would be available for special
Read more: https://t.co/StoeWFZxiE
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[Taxontips @technicalCA]

New Post: Statutory Audit of Trade Receivables in Indian Companies [Company law] - Trade receivables are a critical component of a company’s current assets. They represent the amount owed to the company by customers for...
Read more: https://t.co/ReBHcrwiDq
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[Taxontips @technicalCA]

New Post: Budget 2025 updates | Income tax and GST updates - Budget 2025 is being announced on 01.02.2025 by our Hon’ble Finance Minister Nirmala Sitaraman.   MSME limit enhanced: Turnover for micro, small and medium enterprises
Read more: https://t.co/jC8sviU0JY
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[Taxontips @technicalCA]

New Post: Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department - Currently, we need to understand that this is just an intimation to assessee and not an assessment. Hence, this is not a notice
Read more: https://t.co/PuUroVGglJ
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[Taxontips @technicalCA]

New Post: Recommendations of the 55th Meeting of the GST Council - GST Council recommends reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves
Read more: https://t.co/9mwNR8BOXx
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[Taxontips @technicalCA]

New Post: Statutory Audit of Other Non-Current Assets [Company Law] - This comprehensive guide delves into auditing procedures, legal frameworks, and practical examples to help auditors address the nuances and complexities
Read more: https://t.co/zqc4rDj1vs
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[Taxontips @technicalCA]

New Post: PAN 2.0: A Digital Leap in Taxpayer Services - The PAN 2.0 Project marks a significant leap towards modernizing India's tax system with enhanced digital processes, security, and greater accessibility.
Read more: https://t.co/eo89rB1i7O
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[Taxontips @technicalCA]

New Post: Statutory Audit of Non-Current Investments in Indian Companies [Company Law] - Introduction Non-current investments, also known as long-term investments, are those investments that a company intends to hold for more
Read more: https://t.co/nBaN8laYda
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[Taxontips @technicalCA]

New Post: Statutory Audit of Long-Term Loans and Advances [Company law] - Long-term loans and advances are a critical item on the balance sheet that requires meticulous audit procedures to ensure proper disclosure, compliance with
Read more: https://t.co/SRZLScaLWx
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[Taxontips @technicalCA]

New Post: Condonation of delay for Form 9A/10/10B/10BB for AY 2018-19 and subsequent years - No application for condonation of delay in filing of Form No. 9/10/10B/10BB shall be entertained beyond three years from the end of AY
Read more: https://t.co/oGVCUHkBa4
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[Taxontips @technicalCA]

New Post: FAQ issued by CBDT on Vivad se Vishwas Scheme, 2024 [Read circular] - CBDT has vide circular no. 12/2024 Dt. 15.10.2024 issued a few FAQ related to the Vivad se Vishwas Scheme, 2024.
Read more: https://t.co/TxVqDUaWeR
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[Taxontips @technicalCA]

New Post: Statutory Audit of Intangible Assets Under Development in Indian Companies [Company Law] - Intangible assets under development refer to projects or assets in progress that lack a physical form
Read more: https://t.co/cqiupeP9RR
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[Taxontips @technicalCA]

New Post: ICAI issues SOP for police and other law enforcing authorities for investigation or arrest of CA - Before proceeding against a Chartered Accountant, the investigator shall ascertain as to whether the person being proceeded.
Read more: https://t.co/aCwSjehYtn
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[Taxontips @technicalCA]

New Post: Recommendations during 54th meeting of the GST Council [Read press release] - To bring renting of commercial property by unregistered person to a registered person under Reverse Charge Mechanism (RCM) to prevent...
Read more: https://t.co/Vt1L9Yk4mK
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[Taxontips @technicalCA]

New Post: Statutory Compliance Calendar for September 2024 | Income tax, GST and various other laws - Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of September 2024.
Read more: https://t.co/f0vX7fHOjK
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[Taxontips @technicalCA]

New Post: FAQ released by Income tax department regarding comparison of ITR and tax audit - Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income tax return
Read more: https://t.co/fkW5zuG8Cb
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[Taxontips @technicalCA]

New Post: CBDT issues clarification in respect of Income-tax clearance certificate (ITCC) - In view thereof, it is reiterated that the ITCC under Section 230(1A) of the Act, is needed by residents domiciled in India,
Read more: https://t.co/PbqNSIf2Z9
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[Taxontips @technicalCA]

New Post: Statutory Audit of Intangible Assets in Indian Companies [Company Law] - Intangible assets represent non-physical assets that have value due to the rights, privileges, and competitive advantages they provide to a company.
Read more: https://t.co/GwcfbQa3Jp
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