IMPORTANT DATES : > "Payment of TDS/TCS of May. In case of government offices where TDS/TCS is paid by book entry, same shall be paid on the same day on which tax is deducted or collected." : 07/06/2023      > Return of External Commercial Borrowings for May. : 07/06/2023      > Monthly Return by Tax Deductors for May. : 10/06/2023      > Monthly Return by e-commerce operators for May. : 10/06/2023      > Monthly Return of Outward Supplies for May. : 11/06/2023      > Optional Upload of B2B invoices, Dr/Cr notes for May under QRMP scheme. : 13/06/2023      > Monthly Return by Non-resident taxable person for May. : 13/06/2023      > Monthly Return of Input Service Distributor for May. : 13/06/2023      > Issue of TDS Certificate for tax deducted u/s 194-IA on payment made for purchase of property in April. : 14/06/2023      > Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in April. : 14/06/2023      > Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in April. : 14/06/2023      > E-Payment of PF for May. : 15/06/2023      > Payment of ESI for May : 15/06/2023      > Details of Deposit of TDS/TCS of May by book entry by an office of the Government. : 15/06/2023      > Issue of Salary TDS Certificates for FY 22-23. : 15/06/2023      > Issue of TDS Certificates for Q4 of FY 22-23 : 15/06/2023      > Deposit of First Instalment of Advance Tax (15%) by all assessees (other than 44AD & 44ADAD cases). : 15/06/2023      > Monthly Return by persons outside India providing online information and data base access or retrieval services, for May. : 20/06/2023      > Summary Return cum Payment of Tax for May by Monthly filers. (other than QRMP). : 20/06/2023      > Deposit of GST of May under QRMP scheme. : 25/06/2023      > Opt for higher pension of 9.49% instead of 8.33% frrom employer contribution. : 26/06/2023      > Return for May by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them. : 28/06/2023      > Annual Return of Deposits by Companies other than NBFCs for FY 22-23. : 30/06/2023      > "Report on Corporate Social Responsibility for FY 22-23 by companies to whom it is applicable. " : 30/06/2023      > Director’s Disclosure of Interest and Non-disqualification by Companies. : 30/06/2023      > Holding of Board Meeting by Companies for Q1 . : 30/06/2023      > Efiling of Annual Statement of Equalisation Levy for 2022-23. (Google Tax/Tax on Digital Ads by service recipient on payments above 1 lac to a foreign service provider) : 30/06/2023      > Online annual updation of IEC details . If no changes, confirm same online. Else IEC will be deactivated. : 30/06/2023      > Concessional Maximum late fee for GSTR-4, GSTR-9 & GSTR-10 upto FY 21-22 if returns filed between 1st April to 30th June, 2023. : 30/06/2023      > Deposit of TDS u/s 194-IA on payment made for purchase of property in May : 30/06/2023      > Deposit of TDS on certain payments made by individual/HUF u/s 194M for May. : 30/06/2023      > Deposit of TDS on Virtual Digital Assets u/s 194S for May. : 30/06/2023      > Quarterly return of non-deduction at source by banks from interest on time deposit for January-March quarter. : 30/06/2023      > Annual Return of Securities Transaction Tax by Listed Cos/Mutual Funds for FY 2022-23 . : 30/06/2023      > Linking of PAN with Aadhaar with late fee of Rs. 1000. : 30/06/2023     

About Us

Jain Gangwal & Associates is an experienced chartered accounting firm, established in the year 1992.The firm is located at utmost modern, high profile and fastest developing business centre, 103, VTM Building No. 2, Andheri Kurla Road, Sakinaka, Mumbai - 400072 having office of about 1600 sq.feet. The firm is having 18 years of grueling, hardcore and penetrating experience in the areas of Statutory Audits, Internal Audits, Company Law Matters, and Taxations including International Taxation, Charity Commissioner Work, Appeals and Bank Audits. The firm is predominantly in practice of Taxations & Audits of Private Limited & Limited Companies. The firm has over 100 files for Taxations of assorted clients. It handles statutory audits for over 100 medium and small size public/pvt ltd, listed unlisted companies consisting of textiles, chemicals, Builders, Doctors, finance, Jewellers, Advertiser and so on. The firm also conducts statutory audits for banks.
We are committed to:
  • Place the Interest of Clients before ours.
  • Uphold High Standards of Honesty and Integrity.
  • Endeavour to Improve the Quality of Services.
  • Excellence in Professional Services.
  • Continuous Education and Training of Staff and Clients.

What's New

RBI announces draft cyber security norms for payment system operators
Finfluencers now 'renting' research analyst licences in fear of Sebi action
Sebi lists new norms for high-risk FPIs: What it means for investments
High staff attrition a significant operational risk to banks: RBI Dy Guv
MobiKwik gets ex-Sebi ED, former SBI Card CEO Prasad in advisory board
Sebi cancels registration certificate of Karvy Ltd; firm to still pay dues
Rs 500 note tightens hold as most circulated currency, show RBI data
Crude imports from Russia jumped 14x in FY23, says RBI annual report.
Follow ethical practices, be transparent, Sebi chief to MFs
RBI balance sheet grows 2.5% to Rs 63.4 trillion; forex ops lift income 47%
Sebi floats consultation paper on additional disclosures by FPIs
Economists predict first rate cut by RBI in 2024 for durable growth
Income Tax department to conduct scrutiny where assessees failed to respond to taxmen's notices
RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI
Sebi seeks identification of parent institutions of FPIs as legal entities
India's inflation war is not over, RBI Governor Das says
India's GDP growth may breach 7%-mark in FY23: RBI Governor Das
Why withdrawal of Rs 2,000 notes by RBI is not like 2016 note ban
I-T dept enables filing of income tax returns 1, 4 at e-filing portal
India's GDP growth may breach 7%-mark in FY23: RBI Governor Das
Rule prohibiting investment by opaque funds done away by Sebi: Cong
Indian banking system remains stable, says RBI Governor
Inflation momentum turning out to be softer than anticipated: RBI report
RBI's master circular on fraud: The principle of natural justice and the conundrum for banks
2000 notes exchange: Day after RBI clarification, banks begin process nationwide
Confused about the recent news on TCS on Foreign Payments?
RBI meet: Focus turns to public sector bank boards' strategic role
SC ruling on user development fee provides guidance for GST, tax on royalty
Share of Rs 500 note touched 70% post-demonetisation, shows RBI data
RBI to brainstorm with bank directors on governance, risk issues on Monday
SEBI’s Proposed Initiatives to Enhance Liquidity in Corporate Bond Market
GSTN to go live on Account Aggregator ecosystem before July 1
RBI withdraws Rs 2,000 notes from circulation, to remain legal tender
Here's why RBI has withdrawn Rs 2,000 notes and what you should do next
RBI dividends to Centre may double due to gains, aiding fiscal gap
Automobile dealers' body seeks cut in GST on two-wheelers from 28% to 18%
RBI dividends to Modi’s government may double, aiding fiscal gap
Income Tax e-Filing Helpline Numbers
Income Tax Department conducts searches in West Bengal and Assam
Market regulator Sebi plans to expand QIB base to boost bond market
Finance Minister says stands by 2021 Parliament reply that SEBI was investigating Adani Group companies
Sebi tweaks mutual fund investment framework in minors' names via guardians
CBIC rolls out Automated Return Scrutiny Module for GST returns for FY 2019-20 onwards
Inflation cooling; confident that monetary policy is on track: RBI Guv
RBI imposes Rs 2.92 cr fine on Canara Bank for violation of various norms
Cash crunch pushing up funding costs in India deterring more RBI hikes
SEBI's Shirpur Gold Refinery order raised before NCLT, may bite Goenkas
CBIC rolls out module for automated scrutiny of GST returns
RBI invites firms to participate in Greenwashing TechSprint
GST e-invoicing must for businesses with turnover of Rs 5 crore or more
5 New Functionality on GST Portal
CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers
RBI asks citizens to settle fee, charges on forex prepaid cards in rupee
Sebi grants final approval for proposed change in control of HDFC AMC, says HDFC Bank
Scope of Money Laundering Act further widened
Forex cards, travel cards fee should be settled in rupees, not in foreign currency: RBI
Goods transport agencies have time till May 31 to opt for GST payment: Govt
RBI imposes Rs 1.73 crore penalty on HSBC
Utkarsh 2.0 RBI’s strategy framework – key points to know
Taxmen to conduct two-month special drive to weed out fake GST registrations, identify masterminds
Are RBI’s floating rate bonds a better bet than fixed deposits or NSCs? Lakshmi Iyer answers
Money transfer: RBI mandates complete info about originator, beneficiary
Sebi considering performance-linked incentives for mutual funds
New UAE tax residency rules won’t help diaspora
Money transfer: RBI mandates complete info about originator, beneficiary
CA, CS, CMA now Reporting Entities under PMLA
FM Sitharaman asks CBIC to introduce automated GST return scrutiny by next week
CBIC to introduce automated GST return scrutiny by next week
Sebi's Adani Group investigation hits a wall with offshore regulators
Sebi seeks investor data from AIFs for risk assessment
At 8.05% interest, RBI Floating Rate Savings Bonds could be a better investment than bank FDs, NSC
Updated List of Banks For Income Tax Payments on e-Filing Portal
ITR filing: What income tax rule says on premium paid for life insurance policy of a house wife
RBI monitoring banks' business models more closely, says governor Shaktikanta Das
SEBI’s New Circular Aims to Curb Illicit Practices of Stock Brokers Pledging Clients’ Funds and Shares Without Consent
RBI imposes Rs 44 lakh penalty on 4 co-operative banks for violation
Inflation expected to come down over the year: RBI MPC member Ashima Goyal
Sebi bans brokers from creating bank guarantees on clients' funds
GoI works with IT ministry and RBI to clamp down on Ponzi apps
Govt urged to allow foreign currency transactions in country via RBI
Uday Kotak’s board term likely under RBI's scrutiny
RBI harmonises provisioning norms for urban cooperative banks
Govt urged to allow foreign currency transactions in country via RBI.
HDFC Life soars 8% as RBI allows HDFC Bank to increase stake beyond 50%
Finance Ministry working with MeitY, RBI to clamp down on ponzi apps: Nirmala Sitharaman
Not activating counter-cyclical capital buffer, says RBI
RBI Governor to meet board members of PSU banks to address governance, ethics issues on May 22
Cumulative impact of monetary policy actions still unfolding: RBI Guv Shaktikanta Das in MPC meeting
GST evasion detection nearly doubles to Rs 1.01 lakh cr in FY23
New income tax regime vs old income tax regime in FY24: Can you switch between two tax regimes?
Income Tax: PM Modi looks to change capital gains taxes; details here
RBI’s draft rules on penal charges on loans: What borrowers should know
Harsha Upadhyaya on what ESG funds stand for, their risk profile & new Sebi guidelines
Sebi’s Advertisement Code meant for registered advisers, not frauds on social media: Sandeep Parekh
Adani's Rs 20,000-cr FPO subscriber info not available: Sebi to RTI query
National Savings Scheme (NSC) offers 7.7% interest for June quarter of 2023: Income tax benefits, other details
Model All India GST Audit Manual 2023
What is Section 80G, and how does it help save income tax?
GSTN mandates businesses with over Rs 100 crore turnover to upload e-invoice on IRP within 7 days
Delhi HC upholds govt notifications imposing GST on Ola, Uber autos rides
Search and seizure action by Income Tax Department in Karnataka
FinMin exempts CBSE from paying income tax with retrospective effect from FY21 till FY25
IT service outsource norms to kick in from October this year, says RBI
Liquidated damages in certain cases to draw 18% GST, rules Andhra AAR
L&T Mutual Fund ceases to exist as mutual fund: Sebi
Bajaj Finserv MF seeks Sebi approval to launch its first five schemes
Govt specifies retail sale price based GST cess rate for pan masala, tobacco
Four Years’ Rigorous Imprisonment to Two then Income Tax Officials in A Bribery Case
RBI estimate too optimistic, will pivot to rate cuts in October: Nomura
Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data
New Umbrella Entity: Nothing innovative presented by applicants, says RBI
RBI cuts FY24 inflation aim to 5.2% even as risks from adverse climate conditions loom
Decoding the surprise move by RBI MPC: Pause, not a pivot
Exporting community gives a thumbs up to RBI’s decision to not change repo rate
RBI Governor says 'milk prices to remain firm' this summer
Household inflation expectations moderate, consumer confidence grows: RBI
Interest from central banks for rupee trade: RBI deputy guv T Rabi Sankar
RBI MPC LIVE: Real GDP growth projected at 6.5 % for FY24, says RBI Guv
RBI should prioritise inflation over growth, say FinMin officials
Financials, IT aid rise in Indian shares ahead of RBI rate decision
RBI cuts inflation projection for FY24 to 5.2% from 5.3%; flags risks from adverse climate conditions
RBI monetary policy: MPC votes for pause, keeps repo rate unchanged at 6.5%
RBI monetary policy: Will the central bank hike repo rate again tomorrow?
RBI to develop online portal for unclaimed deposits of all banks
RBI Repo Rate Pause: Home loan EMIs already up 22% since May 2022, what are your options?
Bring ATF under GST, moderate rate hikes: Ajay Singh, Assocha
Finance Act, 2023: Amendment to definition of ‘Sikkimese’ only for Income Tax
Taxes on Cooperative Societies
Direct Tax collections for FY 2022-23 exceed Budget Estimates by 16.97%
RBI's MPC meet begins amid expectations of yet another rate hike
RBI to issue new 5-year bond on April 6, seeks to raise Rs 8,000 cr
New income tax slabs under new tax regime, no LTCG tax benefit on debt mutual funds: 15 income tax changes from April 1
New income tax slab rates for FY 2023-24 (AY 2024-25) in India - Budget 2023
RBI’s challenge is steepened by a new matrix of global uncertainty
RBI likely to hike benchmark interest rate by 25 bps on April 6
New income tax slabs under new tax regime, no LTCG tax benefit on debt mutual funds: 15 income tax changes from April 1
Oyo pre-files DRHP with Sebi, cuts issue size to $400-600 million
Customs duty exemption on drugs & Food for personal use for treatment of Rare Diseases
Shriram Subramanian on what Sebi disclosure norms means for listed companies
Govt collects TDS of Rs. 157.9 crore on transfer of Virtual digital Assets
New income tax rules: Proceeds from life insurance policy to tax-free income — changes from 1st April that you must know
New income tax rules: Proceeds from life insurance policy to tax-free income — changes from 1st April that you must know
Reliance, Adani to Tata — These fab 5 are not allowing inflation in India to ease, says ex-RBI officer
SEBI greenlights backstop fund for corporate debt market
SEBI Board Meet: Regulator approves ASBA-like facility for secondary mkt
Why does this ex-deputy guv of RBI want India's biggest firms dismantled?
RBI to raise rates once more on April 6, stay on pause mode thereafter: Poll.
SEBI takes 16 major decisions in board meet: Key takeaways for Dalal Street
SEBI-Sahara fund: Supreme Court allows Centre's plea seeking Rs 5,000 crore to repay depositors
Sebi modifies time limit for disclosure of NAV of international funds
Last date for linking of PAN-Aadhaar extended
Sebi extends nomination deadline for mutual fund investors
Sebi extends deadline for nomination for trading and demat account holders till September 30
Arshad Warsi, wife Maria Goretti get relief from SAT against Sebi ban
Tobacco in gunny bags to attract 28% GST, 71% compensation cess: AAR
Sebi extends nomination deadline for demat, trading accounts. Check details here
RBI likely to pause interest rate hike in April policy meet: SBI Research
10 big income tax rule changes from 1 April 2023 for taxpayers. Details here
Govt caps maximum GST cess rate on pan masala; links rate to sale price.
RBI releases Monetary Policy Committee schedule for FY24
CGST Bhiwandi Commissionerate arrests Oppo Mobiles finance manager.
Paytm gets extension from RBI for resubmission of PA license application
GST audit checklist: Ensuring compliance and mitigating risks
RBI to hold five-day variable rate repo auction worth Rs 75k cr on March 24
Accept investments from KYC compliant e-wallets: Sebi to mutual funds
PAN-Aadhaar link to ITR filing: Complete these 5 financial tasks by Mar 31
PAN-Aadhaar link status: Are your cards already linked? Learn how to check
E-wallets for investing in mutual funds should be KYC norms compliant: Sebi
Fixed deposit interest rates to go up again? RBI hits at another hike
Roll out of ‘AIS for Taxpayer’ Mobile App
Governor Shaktikanta Das calls for augmenting computing infrastructure of RBI
Demonetisation and its effect on Indian economy
India better placed than most to face turmoil, says RBI report
RBI snaps 2 months of dollar buys, net-sells $384 mn in market in Jan
RBI asks banks to keep branches open till March 31 for annual closing
Retail inflation high, core inflation defying softening of input costs: RBI Bulletin
How to identify a fake GST invoice and report it: A step-by-step guide
Advisory for the taxpayer wishing to register as “One Person Company” in GST
Restaurants entitled to charge GST on service charge voluntarily paid by customer
72.42 Lakh is highest number of ITR filing in a day on 31st July 2022
As liquidity tightens, call money rate jumps to 7% before easing
PAN-Aadhaar Link: A step by step guide to link two cards before deadline
GST ITC restriction on CSR spend: Why businesses are worried about potential challenges
No Restriction for GST Registration For Professional on Residential Address
Govt invites application for RBI deputy governor post; M K Jain to retire
GST dept to scrutinise I-T, MCA data to identify entities not paying taxes.
Representation Against Proposed Amendment In Section 43B
Delhi South CGST unearths fake invoicing racket
Financial sector stable, worst of inflation behind us’: RBI Governor Shaktikanta Das
Youtube Live: Statutory Bank Branch Audit – Practical Guide
Is new income tax slab beneficial for home loan EMI paying individuals?
Representation Against Proposed Amendment In Section 43B
US banking crisis shows importance of robust regulators, risks of cryptocurrencies: RBI guv Shaktikanta Das
Today, SAT will hear Arshad Warsi’s appeal against SEBI ban
PAN-Aadhar link to ITR filing: Complete these 5 financial tasks by March 31
How the very nature of RBI regulation protects Indian banks from SVB-type crises.
Sebi renews recognition to AMC Repo Clearing for one year
7 working days: Sebi now prescribes 'strict' timelines for FPI disclosures
RBI doing it right on rate hikes, need more: IMF economist Luis Breuer
RBI rejects Bajaj Fin's plan for Philippines operations over FATF concerns
RBI, UAE central bank sign MoU on interoperability of their CBDCs
Parliamentary panel meet: Congress demands summoning of SEBI chief, other officials on Adani issue; BJP opposes
A four-member GST appellate tribunal likely in each state to streamline dispute resolution
From PPF to FDs: Last-minute income tax saving options you can explore
Bhopal gas tragedy: SC nixes Centre's plea for more compensation to victims
Matter of levy of VAT/ GST on Extra Neutral Alcohol pending before Supreme Court hence hearing deferred
In absence of any incriminating documents seized during search- Additions not justified
ITAT allows cash payment made to volunteers for drug analysis
HC Rejects Bail Plea of Wife of Ex-CIT in Disproportionate Assets case
GST provisional attachment under section 83 cannot be extended
Section 271B penalty deleted – Tax audit report submitted before finalization of assessment
Non-Filing of CA Certificate with refund claim: CESTAT allows filing
IndusInd Bank slips 5% as RBI reappoints MD & CEO for shorter tenure
Inflation expected to come down over the year: RBI MPC member Ashima Goyal
Worrisome to see no transparency in forex fees for small players: RBI's Rao
India's inflation seen easing slightly in Feb, still above RBI target: Poll
Exemption u/s 11 duly denied for non-submission/ late submission of Form No. 10B
TDS credit available as per reporting of income and not as per reporting by deductor
Issues pertaining to uploading of orders in respect of TRAN-1 / TRAN-2
RBI puts restrictions on Musiri Urban Co-operative Bank; caps withdrawal
Stock manipulation via YouTube: Sebi bars Arshad Warsi, wife & 31 entities
SEBI (Investor Protection and Education Fund) (Amendment) Regulations, 2023
Alternative remedy not operate as an absolute bar for entertaining a writ petition: HC
Bajaj Finserv gets Sebi's approval to foray into mutual fund business
Feb GST collection up 12% YoY to Rs 1.49 trn, dips month-on-month
Cancellation of GST Registration without determining the amount payable by the assessee is cryptic, invalid and not sustainable
G20: India walks tightrope to form consensus amongst competing interests
Check Points before switching to New Income Tax Regime
Golden Rule of Interpretation and Pepsi Foods Ltd Case
‘RAB’ getting special attention of GST council
up slow pause speed down
Updated Till : 05/06/2023
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