Thursday, 1 December 2011

Extension of Due date of XBLR Filing


The Last date for filing financial statements in XBRL mode(Form 23AC-XBRL and 23ACA-XBRL) without any additional fee has been extended from present date i.e 30th November, 2011 to 31st December 2011 or within 60 days of due date of filing, whichever is later, vide circular No. 69/2011 dated 30.11.2011.

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SC holds extended period cannot be invoked if allegations are not justified in the show cause notice issued under section 74

  This Tax Alert summarizes a recent judgement of the Supreme Court (SC) [1] on whether a show cause notice (SCN) under Section 74 of the ...