Rohith Kumar & Associates

12/11/2021

04/11/2021

దీపం జ్యోతి పరబ్రహ్మ
దీపం సర్వతమోపహం
దీపేన సాధ్యతే సర్వం
దీపదేవ నమోస్తుతే.
🙏🙏🙏🌸🙏🙏🙏
మీ ఇంట చిరుదివ్వెల కాంతులు..
జీవితమంతా వెలుగులీనాలని ఆకాంక్షిస్తూ..
అష్టలక్ష్ములు మీ గృహములలో నెలవై
మీకు సకల శుభాలను,
ధైర్య, స్థైర్య, సాహసోపేతమైన విజయాలను,
సిరి, సంపదలను,
సుఖ సంతోషాలను,
భోగ భాగ్యాలను
ఎల్లవేళలా ప్రసాదించాలని
మనస్పూర్తిగా కోరుకుంటూ….

హృదయపూర్వక
*దీపావళి పండుగ శుభాకాంక్షలు*.
మీ
S. Sowmith kumar & S.Rohith Kumar
🌸 🙏 🌺💐💐
Ramamurthy Nagar ,
Chartered Accountants
Nellore .

03/11/2021

Today Income Tax Department has announced roll-out of a new statement - *AIS (Annual Information Statement).*

This will give you all details (well almost all!) about YOUR financial transactions during the year.

*What is AIS (Annual Information Statement)?*

You know earlier Income Tax used to give statement 26AS.

AIS is a much detailed one - with many more details included - like your Savings Interest, all Mutual Fund transactions during the year etc.

*Will 26AS be stopped?*

a) Now you can get both 26AS and also AIS.
b) Both put together, Income Tax department knows all your financial transactions.
c) And it's good as now you will find it very easy to know and submit details for your Income Tax returns.

*How to access my AIS?*

a) Log in to your Income Tax account at http://incometax.gov.in
b) Go to Services Tab
c) Last option in this tab is the AIS option.

It will open a new tab with below two options:

a) Left side - Tax Information Summary (TIS)
b) Right side - AIS

Both are the same. TIS is a summary and AIS is the detailed statement. You can download both. When you download you get a pdf statement (There is jpeg option also, but let's stick to PDF now).

PDF will be password protected.

Password is ur PAN Number (in CAPITAL) + Date of Birth (DDMMYYYY)

AIS will capture all financial transactions of the previous year.
a) Stocks
b) Insurance
c) Credit Cards
d) Purchase of property
e) Mutual Funds
f) Salary or Business income
g) Dividends
h) Interest on SB A/c and Deposits.

The above list is just indicative. It is your overall financial profile and will getting fine-tuned to include more categories.

01/11/2021

Second highest collection ever since the implementation of GST...1.3 Lakh crore GST collection for the month of October 2021...🔥🔥🔥👌👌👌👌...Good signs of economic recovery....

29/10/2021

Update on opening of current account of borrowers who are having CC and OD limits in other banks....

28/08/2021

Moneycontrol: I-T portal glitch | What went wrong with Infosys' new e-filing portal?.

Infosys was awarded the contract in 2019 to develop the new I-T portal, replacing the old one, in a bid to reduce the processing time from 63 days to one day for a total outlay of Rs 4200 crore. The idea was to have a taxpayer-friendly portal that was simple in design and use, and expedite refunds,....

08/08/2021

Update on Current Account compliances

RBI extends deadline for current account compliances:

1. As per RBI circular RBI/2020-21/20 DOR.No.BP.BC/7/21.04.048/2020-21 dated 6th Aug 2020, no bank shall open current accounts for customers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system and all transactions shall be routed through the CC/OD account only.

2. After repeatedly extending the date of implementation of the provisions of the circular, 31st July was to be finally made the due date of implementation.

3. However RBI vide circular RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 has provided time till 31st October for implementation of the provisions of the circular.

Regards

CA.S.ROHITH KUMAR
Partner
Rohith Kumar &Associates
16-7-177,Rammurthy nagar
3rd Main Road
Nellore
Mobile:9959301796

03/08/2021

Dear all,

Good evening,

CBDT has issued circular dated 3rd August 2021 regarding extension of timelines for electronic Filing of various forms under the Income-Tax tax Act 1961 ...The relevant circular is attached for reference below...
Good evening,

CBDT has issued circular dated 3rd August 2021 regarding extension of timelines for electronic Filing of various forms under the Income-Tax tax Act 1961 ...The relevant circular is attached for reference below...

Thanks &Regards

CA.S.ROHITH KUMAR
Partner
Rohith Kumar &Associates
16-7-144,Rammurthy Nagar ,3rd Main Road
Nellore .
Mobile:9959401796

14/07/2021

Vacancy for Article Assistants & Audit Assistant /Paid Assistant.

Name of the firm: ROHITH KUMAR & ASSOCIATES

Location :Ramamurthy Nagar,Nellore

We would like to inform you that there are Four vacancies for CA Article Assistants who wish to pursue their articles at Nellore.We are a mid sized Firm specialized in the following categories of work :

1.Income tax Return Filings &Tax audits

2.GST Return Filings & GST Audits

3.Stautory audit of companies

4.Internal audits

5.Stock Audits

6.Business Formations and secretarial services

7.Bank audits

The articles are assured of all round development in the above mentioned areas during their articleship period .

Article students who have cleared either single group of IPCC or both groups would be preferred and the selection would be based on Interview .

For further detail contact:

CA SOWMITH KUMAR
Mobile No: 8977960053

CA ROHITH KUMAR
Mobile No: 9959301796

Interested candidates can send their resumes at [email protected] ...

Looking forward to building a well crafted professional career to the budding CAs'.

14/06/2021

CBDT grants relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported by taxpayers in filing of forms online on the new e-filing portal http://incometax.gov.in. The forms can be submitted in manual format to the authorised dealers till 30th June, 2021.

28/05/2021

Recommendations by GST Council in its 43rd meeting held at New Delhi on 28th May 2021..

22/05/2021

Clarification by Ministry of Corporate affairs on offsetting excess CSR spent for the F.Y 2019 -20.

The Government has clarified that where a company has contributed any amount to PM CARES FUND on 31-03-2020 which is over and above the minimum amount to be spent as per section 135(5) of the companies act 2013 for the Financial year 2019 -20 and such excess amount or part there of is offset against the requirement to spend under section 135(5) for the F.Y 2020 -21.Such offsetting of the amount shall not be viewed as Violation subject to the Following conditions

1.The amount offset as such shall have factored the unspent CSR amount for previous Financial Years,if any ;

2.The CFO shall certify that the contribution to PM CARES FUND was indeed made on 31-03-2020 in pursuance of the appeal and the same shall be certified by the statutory auditor of the company.

3.The details of such contribution shall be disclosed separately in the Annual report of the company on CSR and also in the Board's report for the F.Y 2020-21 in terms of section 134(3) of the Act.