Ramaiah Institute of Management, Bangalore proudly invites you to a "Union Budget Analysis and Panel Discussion 2022-23" organized by the Department of Finance and BFSI to be held today i.e on 03/02/2022 from 4 pm onwards. The Panelists are Mr. Jugdish Ahuja, Ex President, Bangalore Stock Exchange; Mr. K S Sridhar, Senior Partner, S R Chakravarthy & Associates; Mr. Kirron…
Tag: Income Tax
Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2021-22
Tax Compliance Calendar for November 2020
Article compliance due date under Income Tax Law, GST Law and Labour Laws. Same includes due date for filing of Form GSTR-3B, GSTR-7, GSTR-8, GSTR-1, GSTR-6, GST CMP 08, GSTR-5, GSTR-5A (OIDAR Service Provider), GSTR 9, GSTR 9C, GSTR-4 and due of Furnishing Tax Audit Report for A/Y 2020-21. It further includes due date of…
Assessment of Charitable Trusts
An article on Assessment of Charitable Trusts pertaining to the issue of 'Excess Application of Income over Income Derived'. The article discusses whether the excess of income applied for objectives of Trusts in India is eligible to be set off against Income derived by such Trusts in the subsequent years. https://taxguru.in/income-tax/assessments-charitable-trusts-excess-application-income.html
Income Tax Updates
Following are some important updates from the Income Tax Department relevant for professionals and TaxpayersIncome Tax Department notifies Cost Inflation Index (CII) for FY 2019-20 as 289. This is relevant for taxpayers having income from Capital Gains.CII NotificationIncome Tax Department issues guidelines for Manual selection of Returns for ScrutinyManual Scrutiny Guidelines
Insight Into Benami Transactions (Prohibition) Amendment Act, 2016
An article on the Benami Transactions (Prohibition) Amendment Act, 2016The article covers the background, legislative history, Key aspects, Officers' Responsibilities and FAQs. The article can be found here- https://taxguru.in/income-tax/insight-benami-transactions-prohibition-amendment-act-2016.html
K S Sridhar and Associates 