Welcome to Aggarwal P & CO

Aggarwal P & CO is a chartered accountant firm registered with Institute of Chartered Accountants of India. It was established in 1989 to provide wide range of professional services relating to accounts, audit, financial management, taxation and various other business/ corporate laws and practices, corporate restructure and assignment of debts etc. Since then the firm is engaged in providing various professional services to its clints. During span of 25 years the firm has garnered a distinction for rendering services of the highest professional standards.

It has generated the necessary skill, exposure and organizational strength to provide a comprehensive range of services to its clients.
The firm comprise of a team of professionals who have expertise and experience in corporate consultancy, taxation and audits.

Latest News Update

News

17 May 21
Interest for delayed payment on imported goods liable to GST: AAR
GST applicable on Credit Card Expenses incurred by Employees of an Indian Subsidiary: AAAR
GST: Form GSTR-2B for April, 2021 to be generated on May 29, 2021, says GSTN
GST: Delhi HC directs Release of Bank Accounts as No Evidence showing link between Taxable Person and purported Fake Invoices
16 May 21
ICSI extends deadline of ECSIN and UDIN Amnesty Scheme, 2021
ICAI: Compulsory UDINs Updation in Tax Forms at Official Portal
43rd GST Council meeting date in 2021: 1st time this year! Covid relief measures to be announced? Check big expectations, agenda
15 May 21
Railway liable to pay Service Tax on Licensee Fee collecting from Parking Area Contractors: Madras High Court
CBDT notifies Income Tax Exemption to Pension Funds of Various Entities
AO to provide Assessee an opportunity of Cross-examination, If Material collected behind the back of Assessee: ITAT
GST: GSTN extends due date of filing Revocation Application of Cancellation
GST: Input Tax Credit Refund can’t be denied for Technical Glitches in GSTN Software, says Madras High Court
14 May 21
You may get income tax notice for certain transactions. Know what they are
ITAT affirms Assessment of Profit on Main Contract at 8% and Income from Sub-Contracts at 5%
No Service Tax on Remuneration received by Partner of a Firm: CESTAT
DGFT Extends Validity of Registration cum Membership Certificate beyond March 31, 2021 due to COVID-19
13 May 21
Convene virtual meet of GST Council: Bengal finance minister to Sitharaman
CBDT: No Relation from Such News As Cash Transactions Declaration by Hospitals
Due Dates of LLP Forms 3, 8, 11 & KYC for FY 2020-21 Under MCA
ITAT Kolkata Removes Disallowance on Directors’ Commission & Bonus
12 May 21
Proceedings pending before CGST Dept: Calcutta HC quashes proceedings initiated by State GST Dept
GST Evasion: Patiala House Court refuses to grant Anticipatory Bail to person accused of Fraudulently availing ITC and committed fraud to tune of Rs. 45 Cr
CBIC Asks officers to be Attentive Before Issuing Show Cause Notice
GST Compliance for NRIs: Details of Returns, RCM & Refund
Disclosure of Cash Transactions by Hospitals: Income Tax Dept rubbishes News
11 May 21
Why Sitharaman said GST exemptions will make Covid supplies costlier
GST Refund Status: Know the Steps to Track your Application even without logging into GST Portal
GST Exemption will Increase Price of Covid-19 Related Medicines: FM India
10 May 21
SFI Request SC to Free GST on Oxygen Concentrators for Vaccination of Citizens
Tax Exemption U/S 269ST on Cash Payment to Hospitals for Covid Treatment
Know the Cons of Pre-Filled Income Tax Return
09 May 21
Partial Relief to Tata Sons: ITAT allows Income Tax Deduction Claims
CBDT: Benefit to Salaried Person for Allowances in Lieu of Leave Travel Concession
Gujarat HC Likened Seizure of SUV & Mobiles By GST Officer as Dacoity
08 May 21
GST: Delhi High Court sets Timelines for SNN Business Services to clear Tax Dues in installments
SWFs: Exemption to 5 Foreign Companies U/S 10 of Income Tax Act
CBDT: Benefit to Salaried Person for Allowances in Lieu of Leave Travel Concession
07 May 21
Punjab FM writes to Sitharaman, seeks immediate GST Council meeting
GSTN Showcases Helpful Tutorials of New Functionalities on GST Portal
Creation of Fake GST Invoices: Patiala House court grants Bail to accused of GST Scam worth Rs.8 cr
Relief for Salaried Class: CBDT notifies Exemption for Cash Allowance in lieu of Leave Travel Concession, Amends Income Tax Rules
Exemption Notification to be interpreted Strictly: Madras HC upholds Rejection of Refund Claim
06 May 21
Dealer doesn’t disputed Tax Demand: Madras High Court quashes order confirming Imposition of Penalty at 1.5 Times of Tax Demand
Need for a Serious Mid-Term Correction’: Punjab FM writes to Union Minister Nirmala Sitaraman
GSTN issues Module wise New Functionalities deployed on GST Portal for Taxpayers
05 May 21
Telangana HC directs Authority to Refund amount paid towards GST and Penalty on Pretext of Malpractice, Violation of E-Way Bill Rules
CBIC issues Guidelines for Expeditious Customs Clearance of Import of COVID-19 related Equipments or Medicaments through Courier
Delhi High Court issues Notices to Govt on a plea seeking Extensions for Filing Tax Compliances due to COVID-19
ICAI extends validity of Peer Review Certificate in the wake of COVID-19
04 May 21
No TDS applicable on Lease Financial Amount: Karnataka HC allows relief to Lease Financial Company
No Adverse inference to be drawn if Shareholders failed to respond to Notice issued by AO: ITAT deletes Addition
MCA relaxes Deadlines and Additional Fee on certain Forms under Companies Act, 2013
MCA issues clarification on Gap between Two Board Meetings

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
18 May 21 Payment of tax for Q4 of 20-21 for taxpayers under Composition Scheme with interest @ 9% p.a. Interest @ 18% pa applicable wef 19.5.21.
20 May 21 Summary Return cum Payment of Tax for April by Monthly filers. (other than QRMP)
20 May 21 Summary Return cum Payment of Tax for Mar for turnover upto 5cr without late fee but with interest @ 9%
22 May 21 Summary Return of Jan-Mar quarter by Quarterly filers without late fee but interest @ 9% in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
24 May 21 Summary Return of Jan-Mar quarter by Quarterly filers without late fee but interest @9% in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh,Chandigarh or Delhi.
26 May 21 Monthly return of Outward Supplies for April. (other than QRMP)
28 May 21 Optional Upload of B2B invoices, Dr/Cr notes for April under QRMP scheme.
30 May 21 Deposit of TDS on payment made for purchase of property in April.
30 May 21 Deposit of TDS u/s 194M for April.
30 May 21 Statement by Non-resident having Liaison Office in India (u/s 285) for 20-21.
30 May 21 Issue of TCS certificate for March Qtr. By All Collectors.
31 May 21 TDS Statements for Q4 of 20-21.
31 May 21 Statement of Financial Transactions by Assessees liable to Tax Audit receiving cash above 2 lacs against sales & Dividends, Interest, Capital Gains etc. for FY 2020-21.
31 May 21 Statement of Reportable Account u/s 285BA(1) for Calender year 2020.
31 May 21 Filing belated or revised ITR for AY 2020-21.
31 May 21 Monthly Return by Tax Deductors for April.
31 May 21 Monthly Return by e-commerce operators for April.
31 May 21 Monthly Return of Input Service Distributor for April.
31 May 21 Deposit of TDS on payment made for purchase of property in March.
31 May 21 Deposit of TDS @ 5% on total payment of Rent more than 50,000 pm by individual of HUF (not liable to tax audit) during last FY.
31 May 21 Upload of particulars of declarations received in Form 60 from Oct - Mar.
31 May 21 Deposit of TDS  u/s 194M for March.
31 May 21 Return for March quarter of Goods sent to or received from job-worker.
31 May 21 Return of Outwards Supplies for 20-21 by Composition Supplier.
31 May 21 Monthly Return by Non-resident taxable person for April.
05 Jul 21 Summary Return of Jan-Mar quarter by Quarterly filers without late fee and interest in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
05 Jul 21 Payment of TDS/TCS deducted /collected in April.

Blog News Update

  • 27 Jan 2017 Recent GST Councils decisions not in national interest: IRS officers body - News Details Recent GST Councils decisions not in national interest: IRS officer...
  • 27 Jan 2017 Buy back rulesground covered - Introduction 1. Buy back of shares is a common method of rewarding investors. It...
  • 25 Jan 2017 Salary paid outside India by Private Companies -   As per section 5 (2) subject to the provisions of the Income tax act 1961, the...
  • 24 Jan 2017 Give renewable energy zero-rate status under GST: Power Ministry - News Details Give renewable energy zero-rate status under GST The Ministry of Po...
  • 24 Jan 2017 GDP may further slow down if GST implemented in hurry: Tax officials to FM Arun Jaitley - News Details GDP may further slow down if GST implemented in hurry: Tax official...
  • 23 Jan 2017 Demonitisation will impact consumer spending in short term - The demonetisation undertaken in India will have a “significant impact” on consu...
  • 21 Jan 2017 What is CGST, SGST & IGST and Input tax credit in GST - CGST stands for Central GST and SGST stands for State GST and IGST stands for In...
  • 02 Jan 2017 Complete Procedure for ESOP of Private Limited Company (with draft scheme) - ABC Private Limited Complete Procedure for ESOP   Notice for board meeting ...
  • 02 Nov 2016 GST #OneIndiaOneTax - Updates coming soon on rules framed.
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    Our Services

    Corporate Services

    Incorporation of company / Limited Liability Partnerships ( LLP ), Consultancy on Company Law matters.

    Audit

    Indepth study of existing systems, procedures and controls for proper understanding.

    Corporate Finance

    Preparations of Project Reports .Preparation of CMA data for bank loans.

    Services for Non-Residents

    Allotment of Permanent Account number (PAN), Tax planning.

    Accounting Services

    Accounting System Design & Implementation, Financial Accounting

    Business Process Outsourcing

    Reconciliation of Accounts Payable/ Receivable, Preparation/Maintenance of Fixed Assets Register

    Income Tax

    Consultancy on various intricate matters pertaining to Income tax., Effective tax management,

    GST

    GST is intended to remove inefficiencies in the supply chain due to breakage of credit chain.

    Post Your Query

    Please send us your query and we'll be happy to assist you