The taxpayer has provided the recommendations to permanently revise the due date since they are facing issues accessing Form 26AS and AIS. There is a rise in the demand to extend the ITR due date from July 31, 2024, to August 31, 2024, because of the technical problems on the income tax portal. An extended due date could assist various assesses to prevent the late filing penalties hence diminishing the financial stress. Concern would have been expressed by organizations such as All Gujarat Federation of Tax Consultants, Income Tax Bar…
Tag: ICAI
ICAI Highlights Tax Payment Issues to CBDT on ITR Portal
At present the income tax portal is undergoing issues related to payment which prevents the assesses, CAs, and tax filers from finishing their transactions. Filers are prompted with error messages when trying to make any payments. ICAI has addressed the problems of the CBDT. Representations have been sent by the ICAI before the finance ministry involving issues with the Income Tax Portal. Further, another representation was sent emphasizing payment issues. In its representation, the ICAI remarked: “In this regard, we would like to bring to your notice once again of…
ICAI releases CA November 2024 Final, other exam dates | Education News
The Institute of Chartered Accountants of India (ICAI) today announced the next Chartered Accountants Final Examination dates. Students will have to fill online application form at the official website — eservices.icai.org — once the application window opens. As per the official notification of ICAI, the exams for Final course will be held on November 1, 3 and 5 for group 1, and on November 7, 9 and 11 for group 2. The exams for International Taxation – Assessment Test (INTT – AT) will be conducted on November 9 and 11.…
If One Member is Not Responsible for the Violation, ICAI may Proceed Against the Full Firm
It was ruled by the High Court that the profession of Chartered Accountancy forms an important part of the economy of a country. Chartered Accountant stops the issues that come around accounting by doing effective audits and continuous supervision of their clients. CAs properly instruct both proper maintenance of accounts as well as management and planning. If there is any omission in the release of duties can lead to large-scale losses and financial fraud. There has been a responsibility of a CA for their clients and also to ensure in…
‘Studied for 12-14 hours daily before CA Final exam, trusted ICAI study material,’ says AIR 2 Varsha Arora | Education News
Based in Delhi, Varsha Arora has secured all India rank (AIR) 1 in the CA Final examination hosted by the Institute of Chartered Accountants of India (ICAI). Shivam Mishra has topped the exam while the third spot is shared by two candidates — Kiran Manral and Ghilman Saalim Ansari. Speaking with indianexpress.com, Arora said working hard is her success mantra and then she left everything else to God. “I took coaching classes for four subjects out of six, and in the last 6-7 months, I started with self-study and revisions…