Our Mission Let ideas transform into innovation”. Our mission is to provide comprehensive professional services which clients refer to their associates, employees boast upon, competitors acknowledge and set as standards for themselves.

SDY & Co.

About Us

Established in 2012, S D Y & Co. was formed by CA Sushil Kumar Khowala, CA Dinesh Kumar Agarwal and CA Yogesh Kumar Agarwal, having a combined experience of more than 75 years, the head office is situated in Jamshedpur and branch offices are in Kolkata and Kharagpur. We have recently inducted CA Vishal Agarwala and CA Shivendu Agarwal as partners in our firm to infuse it with young and dynamic and hard working Professionals.

Why SDY & Co.

We unlock the potential for our clients by addressing their concerns by imbibing these core values

Commitment

Confidentiality

Integrity

Availability

Simplicity

Our Service

Audit &
Assurance

We are offering services based on a complete understanding of the client’s

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Corporate Tax Advisory/Compliance

We assist corporates to deal with the various challenges arising from a complex

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Business
Consultancy

Profit maximization is the objective of any business. Today’s business environment

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Financial reporting and accounting advisory services

In the current global environment, there are many challenges for the companies

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Due
Diligence

Due diligence is an inspection and risk assessment of an upcoming

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SOX attestation
services

The SEC registered companies are required to carry out audit of internal

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Auditing &
Assurance

Audits are performed to ascertain the validity & reliability of information

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Accounting &
Management Reporting

Daily Online Access and Timely Reporting Via The Internet, Payroll Reconciliation

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News

29 Nov 23
HP GST Department to Investigate Suspected GST Registrations
New “CA India” Logo under Objection, iCMA Logo Accepted by Trademarks Authority
ITAT Visakhapatnam Permits Deduction U/S 80P on Income from Interest From Co-Operative Bank
Allahabad HC Reduces INR 56,00,952 Penalty to INR 10,000 Under GST
28 Nov 23
AP HC Dismisses Writ Petition for Manual ITC Claim, Emphasizes Electronic Submission via GST ITC 02 Form
Kolkata CESTAT Allows Service Tax Refund as Biscuits Can Qualify as Foodstuff
ICMAI unveils new CMA logo
Guidelines for the use of new CA logo and colour significance
27 Nov 23
PB & HR HC: Penalty Couldn’t be Charged, If Credit was Obtained in Error But Not Used
Gujarat HC Removes Tax Notice, No Proper Reason to Believe That Income Has Escaped Assessment
MP HC Deletes GST Notice Against Raymond Limited, There is No Valid Prospect Granted to Respond
GST Collection – Why the Final Lap of Current F.Y. is Extremely Important
26 Nov 23
A Wide Guide to GST Reconciliation with Most Useful Tips
CESTAT, Kolkata: Tax Demand Basis on 26AS Form Without Investigation is Not Valid
Pharmaceutical Companies Ask for GST Reductions on Medicines to Help People
Madras HC: Not Compulsory for Filing GST Refund Application Within Two Years
25 Nov 23
Kerala HC Supports Addition Under I-T Section 40 (3) in Lack of Evidence
CII Survey: Individuals and Businesses Are Getting Their Income Tax Refunds More Quickly Than Before
Delhi HC: Recovery of TDS Deducted by Employer Not Permissible U/S 205 of IT Act
24 Nov 23
Rig Owners and Agents Welfare Association Demands for GST Clarification on Rate
Faceless Assessment Under GST: It Will Take Time to Merge in the System
SC Issues Notice Challenging CGST Provision filed by Sales Tax Bar Association
23 Nov 23
ICAI releases Exposure Draft of Standards on Auditing for LLPs
Allahabad HC Stays Adjudication Related to GST SCN of F.Y. 2017-18 During Exemption Time
GST Demand Notice of INR 400 Crore and 350 Crore to Zomato and Swiggy
20 Nov 23
Rs 1.86 Lakh Fine Imposed for GST Evasion
ITAT: Rule Denial of Expenses U/S 43B Can’t be Refused When Ex-gratia & Employee Benefits Under Appropriation Funds
Center Proposes New Bills for GSTATs in the Forthcoming Winter Parliament Session
19 Nov 23
Madras HC Permits FTC Claim as Form-67 Filed After ITR But Just Before Intimation
Big Relief to Tamil Nadu Electricity Board, CESTAT Deletes Tax Demand on GTA Services
GST Dept Issues Tax Demand Notice To Divi’s Laboratories With Penalty
Kerala HC Directs Authority to Review Denial of ITC on Basis of Differences B/W GSTR 2A & 3B
16 Nov 23
CBIC Unveils 29 Updated Customs E-Brochures in Nov 2023
GST Practitioners Raise Alarm Over Rule 37A
CBDT Chairman Forecasts India to Surpass Rs 18.23 Lakh Crore Direct Tax Collection Target
Madras HC Orders Departmental Investigation into Unauthorized Use of Login ID, Enabling GST Evasion
Center May Revoke Offences For GST Evasion Below INR 3 Crore in India
Govt Initiates Action Against Non-Issuance of E-Invoices by Mandated Taxpayers
GSTN \| ITC Reversal on Account of Rule 37(A)
15 Nov 23
Madras HC: GST Council Does Not Have Authority to Classification of Flavoured Milk, 5% Slab Applicable
Delhi ITAT Permits Tax Deduction U/S 24(a) for Taxable Nature of Rental Income from Property Leases
WB Govt to Lower Intrastate GST E-way Bill Threshold Limit from Dec 2023
13 Nov 23
Recent Changes That Impact Your GST ITC (20th Oct 2023)
New Advisory for Online GST Compliance Related to ITC Mismatch in Form DRC 01C
An Independent Think Tank of Center Suggests End of Exemption Due to Unequal GST Profits
12 Nov 23
An Analysis of Court Cases on Belated GST Return Filing
An Overview of GST Liability U/S 85 for Business Transfer
11 Nov 23
Chennai ITAT: Tax Exemption U/S 11 Will Not Be Granted If Activity of Trust Are Commercial Nature
1 Lakh+ Mid Size/Small Firms Bypassing GST e-invoicing Norms
10 Nov 23
ITAT Permits CG Exemption After Legally Extinguished of Rights of Owners of Property Transfer
Delhi HC Orders CBDT to View Revised ITR Return for Assessee’s Refund
Delhi HC Sets Aside Non-Speaking Order, Refusing to Allow LDCs to Deduct 0.01% TDS

29 Nov 23

HP GST Department to Investigate Suspected GST Registrations

New “CA India” Logo under Objection, iCMA Logo Accepted by Trademarks Authority

ITAT Visakhapatnam Permits Deduction U/S 80P on Income from Interest From Co-Operative Bank

Allahabad HC Reduces INR 56,00,952 Penalty to INR 10,000 Under GST

28 Nov 23

AP HC Dismisses Writ Petition for Manual ITC Claim, Emphasizes Electronic Submission via GST ITC 02 Form

Kolkata CESTAT Allows Service Tax Refund as Biscuits Can Qualify as Foodstuff

ICMAI unveils new CMA logo

Guidelines for the use of new CA logo and colour significance

27 Nov 23

PB & HR HC: Penalty Couldn’t be Charged, If Credit was Obtained in Error But Not Used

Gujarat HC Removes Tax Notice, No Proper Reason to Believe That Income Has Escaped Assessment

MP HC Deletes GST Notice Against Raymond Limited, There is No Valid Prospect Granted to Respond

GST Collection – Why the Final Lap of Current F.Y. is Extremely Important

26 Nov 23

A Wide Guide to GST Reconciliation with Most Useful Tips

CESTAT, Kolkata: Tax Demand Basis on 26AS Form Without Investigation is Not Valid

Pharmaceutical Companies Ask for GST Reductions on Medicines to Help People

Madras HC: Not Compulsory for Filing GST Refund Application Within Two Years

25 Nov 23

Kerala HC Supports Addition Under I-T Section 40 (3) in Lack of Evidence

CII Survey: Individuals and Businesses Are Getting Their Income Tax Refunds More Quickly Than Before

Delhi HC: Recovery of TDS Deducted by Employer Not Permissible U/S 205 of IT Act

24 Nov 23

Rig Owners and Agents Welfare Association Demands for GST Clarification on Rate

Faceless Assessment Under GST: It Will Take Time to Merge in the System

SC Issues Notice Challenging CGST Provision filed by Sales Tax Bar Association

23 Nov 23

ICAI releases Exposure Draft of Standards on Auditing for LLPs

Allahabad HC Stays Adjudication Related to GST SCN of F.Y. 2017-18 During Exemption Time

GST Demand Notice of INR 400 Crore and 350 Crore to Zomato and Swiggy

20 Nov 23

Rs 1.86 Lakh Fine Imposed for GST Evasion

ITAT: Rule Denial of Expenses U/S 43B Can’t be Refused When Ex-gratia & Employee Benefits Under Appropriation Funds

Center Proposes New Bills for GSTATs in the Forthcoming Winter Parliament Session

19 Nov 23

Madras HC Permits FTC Claim as Form-67 Filed After ITR But Just Before Intimation

Big Relief to Tamil Nadu Electricity Board, CESTAT Deletes Tax Demand on GTA Services

GST Dept Issues Tax Demand Notice To Divi’s Laboratories With Penalty

Kerala HC Directs Authority to Review Denial of ITC on Basis of Differences B/W GSTR 2A & 3B

16 Nov 23

CBIC Unveils 29 Updated Customs E-Brochures in Nov 2023

GST Practitioners Raise Alarm Over Rule 37A

CBDT Chairman Forecasts India to Surpass Rs 18.23 Lakh Crore Direct Tax Collection Target

Madras HC Orders Departmental Investigation into Unauthorized Use of Login ID, Enabling GST Evasion

Center May Revoke Offences For GST Evasion Below INR 3 Crore in India

Govt Initiates Action Against Non-Issuance of E-Invoices by Mandated Taxpayers

GSTN | ITC Reversal on Account of Rule 37(A)

15 Nov 23

Madras HC: GST Council Does Not Have Authority to Classification of Flavoured Milk, 5% Slab Applicable

Delhi ITAT Permits Tax Deduction U/S 24(a) for Taxable Nature of Rental Income from Property Leases

WB Govt to Lower Intrastate GST E-way Bill Threshold Limit from Dec 2023

13 Nov 23

Recent Changes That Impact Your GST ITC (20th Oct 2023)

New Advisory for Online GST Compliance Related to ITC Mismatch in Form DRC 01C

An Independent Think Tank of Center Suggests End of Exemption Due to Unequal GST Profits

12 Nov 23

An Analysis of Court Cases on Belated GST Return Filing

An Overview of GST Liability U/S 85 for Business Transfer

11 Nov 23

Chennai ITAT: Tax Exemption U/S 11 Will Not Be Granted If Activity of Trust Are Commercial Nature

1 Lakh+ Mid Size/Small Firms Bypassing GST e-invoicing Norms

10 Nov 23

ITAT Permits CG Exemption After Legally Extinguished of Rights of Owners of Property Transfer

Delhi HC Orders CBDT to View Revised ITR Return for Assessee’s Refund

Delhi HC Sets Aside Non-Speaking Order, Refusing to Allow LDCs to Deduct 0.01% TDS

Readmore...

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

30 Nov 23 Claim input tax credit (ITC) for 22-23 in GSTR-3B. Issue Credit/Debit notes for 22-23 .

30 Nov 23 Statutory Auditor to file Annual return with National Financial Reporting Authority (NFRA) in respect of entities covered in Clause 3(1)(a) to 3(1)(e) of NFRA Rules 2018. It will not cover tax audits, Limited review & Quarterly audits.

30 Nov 23 Deposit of TDS u/s 194-IA on payment made for purchase of property in October.

30 Nov 23 Deposit of TDS on certain payments made by individual/HUF u/s 194M for October.

30 Nov 23 Deposit of TDS on Virtual Digital Assets u/s 194S for October.

30 Nov 23 Statement of foreign income offered for tax for the previous year and of foreign tax deducted or paid on such income. (if due date of ITR is 30 November).

30 Nov 23 Online Application for alternative tax regime if due date of ITR is 30 Nov.

30 Nov 23 Filing of Income Tax Return where Transfer Pricing applicable.

30 Nov 23 Filing of Income Tax returns by Trusts etc where Audit applicable.

Readmore...

Blog News

24 Mar 2023 Who is a Pure Agent under GST Law? Decoded! -

Clarity of Pure Agent under GST Law.

The post CA Shivendu receives prestigious award from ICAI for outstanding performance in CA Final Direct Taxes Paper -

We are thrilled to announce that our partner, CA Shivendu Agarwal, has been a...

01 Feb 2023 Budget 2023 Highlights : A big step towards establishing the Alternative Tax Regime -

Highlights of the Budget 2023 by the Indian Government

The post

01 Jul 2022 Happy Chartered Accountants Day 2022 -

CAs have a very important role in the development of our country. Moreover, t...

29 Jun 2022 Webinar : Changes in TDS -

03 Jun 2022 Common mistakes and issues in GST -

23 May 2022 Can A CA be arrested under the provisions of GST Law? -

In the administration of taxation, the provisions for arrests are created to ...

02 May 2022 WHY AUTONOMOUS BUSINESS IS THE FUTURE OF WORKING SYSTEM? -

People are slowly moving from automation to autonomous business to build an a...

26 Apr 2022 Who is required to File Income Tax Returns FY 2021-22 (AY 2022-23)? -

Compulsory to file Income Tax Returns;- Applicable for Financial Year 2021-22...

02 Apr 2022 GST Rate on Fly Ash Bricks : 5%, 12% or 18%? -

Whether GST rate of fly ask bricks is 5 % or 18 % as it is creating a confusi...

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For over many year, SDY & Co. has delivered quality services with an emphasis on Knowledge, research, experience and professionalism.

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