Commerce Professionals Study Circle

https://www.taxinfo.in/post/cbdt-decided-to-extend-filing-timelines-for-fy-20-21

CBDT decided to extend filing timelines for FY 20-21 *CBDT extends due dates for filing of Income Tax Returns and various reports of audit for AY 2021-22* Due date for filing of *ITR for AY 2021-22 which was originally 31st July extended to 31st December, 2021* Furnishing of *Report of Audit for AY 2021-22 which was originally 30th September extended....

https://www.taxinfo.in/post/tax-exemption-on-amount-received-for-covid19-treatment

Tax exemption on amount received for Covid19 treatment..... Tax exemption I. Many taxpayers have received financial help from their employers and well- wishers for meeting their expenses incurred for treatment of Covid-19. In order to ensure that no income tax liability arises on this account, it has been decided to provide income-tax exemption to the amount...

Recent changes in Ind AS Central government in consultation with NFRA, has made some amendments in C ompanies ( Indian Accounting Standard) Rules, 2015 the summary of which is as under : *Ind AS 103*: Have defined “business” in more detail and an optional test to identify concentration of fair value. *Ind AS 107* Disclo...

Formula for being successful What makes world class is so much less about genetics and mostly about your habits. yes its true... and many success stories speaks their own about it and implementation of right habit is what makes world class people. we have gone through many biography, and got one thing common every where is earl...