Harichandan & Karan Associates, Chartered Accountants

20/10/2021

Urgently looking for an accountant.
Required skills- Tally, GST, TDS, and MS.Office.
Qualification- B.com
Exp. – 1-2 year

10/09/2021

*Income tax Extended Due Dates*

Following due dates have been extended which I believe in wake of the challenges put forward by the new Income Tax portal.

a. Non-Audit tax returns - Extended to *December 31, 2021*
b. Tax Audit reports - Extended to *January 15, 2022*
c. TP Report - Extended to *January 31, 2022*
d. Audit tax returns - Extended to *February 15, 2022*
e. TP tax returns - Extended to *February 28, 2022*
f. Belated tax returns - Extended to *March 31, 2022* from December 31, 2021.

Regards
CA. Anuj Goyal
Central Council Member-ICAI
9810041371,9312258364
[email protected]

01/05/2021

The belated or revised *Income Tax Return* for AY2020-21 which was required to be filed till 31/03/2021 can be filed till *31/05/2021* .

25/04/2021

01/04/2021

Wish u all happy Utkal Divas. Bande Utkal Janani

28/03/2021

Wish u all happy Dola Purnima.

25/03/2021

*MCA Updates*

*1. Mandatory use of Accounting Software having Audit Trail*

From FY commencing on 01.04.2021, every Company shall use Accounting Software having feature to record audit trail of each transaction, creating the edit log of changes made & ensuring that the audit trail cannot be disabled.

Link:http://mca.gov.in/Ministry/pdf/AccountsAmendmentRules_24032021.pdf

13/03/2021

*Extension of Condonation Scheme to regularize UDINs*

It is informed by the Central Board of Direct Taxes (CBDT) that UDINs have not been updated at the e-filing portal for around 2.68 lakh IT forms uploaded by the Chartered Accountants on behalf of their assessees which would result in invalidation of such IT forms. The members are hereby advised to update the UDINs at the portal immediately.

It is also given to understand that owing to several reasons, generation of the UDINs for the documents signed during 1st February 2019 to 31st January 2021 could not be done by the members upto 28th February 2021.

Accordingly, in order to mitigate the likely hardships that would be faced by the tax payers due to non-compliance owing to such invalidation, the Condonation Scheme to regularize UDINs provided by the ICAI vide its announcement dated 31st January 2021 which ended on 28th February 2021 is now being extended upto 31st March 2021. Whereby, all the missed UDINs between the period 1st February 2019 to 10th March 2021 can now be generated upto 31st March 2021 and this is in continuation to the Condonation Scheme announced previously.

However, it may be noted that for all the documents signed from 11th March 2021 onwards, the original guidance for generation of UDIN, i.e. within 15 days of signing the documents will be applicable.