Implications of reporting incorrect Deductees /PAN in TDS Statements & delayed correction Many deductor file TDS filed correction statements, which include updations from Valid to Valid PANs, after a significant […]
Income Tax - 719. page
CBDT notifies new Wealth Tax Return Form & Rules for Online Filing
CBDT notifies new Wealth Tax Return Form & Rules for Online Filing CBDT has vide notification No. 32/2014 dated 23.06.2014 prescribed new Wealth Tax Return Form BB wef A.Y. 2014-15 […]
Be Alert! Companies watch out provisions of loans & deposits or else repay it!
Be Alert! Companies watch out provisions of loans & deposits or else repay it! Arjuna (Fictional Character): Krishna, many companies are worried, as they will have to submit new return […]
Applicability of Wealth tax is on making charges of jewellery
Applicability of Wealth tax is on making charges of jewellery . Whether wealth tax leviable on the making charges of the jewellery? – A Detailed Analysis Under the scheme of […]
Transfer Pricing Concept – Born Out of Conflicts
Transfer Pricing Concept – Born Out of Conflicts This article examines the inter relationship between Transfer Pricing, Entity’s Tax and Financial Reporting. Due to increasing transfer pricing scrutiny, it is […]
Application of AS-22 on AS-19
Application of AS-22 on AS-19 Hello everyone thanks for the appreciation for my last article “why AS 22 is applied”, coming with another article application of AS-22 on AS -19 […]
Dates of First Rail & Union Budget by Modi Government announced
Dates of First Rail & Union Budget by Modi Government announced As reported by us in our post dated 18.06.2014 titled ‘Union Budget on 10th July 2014, Rail Budget on […]
ICAI gives suggestions for improvement in Income Tax Refund Issue Process
ICAI gives suggestions for improvement in Income Tax Refund Issue Process a) Difficulties in obtaining old paper refunds -Presently, the refund, if exceeds Rs. 1 lacs requires approval from the […]
ICAI suggests independent and comprehensive audit of all TDS returns
ICAI suggests independent and comprehensive audit of all TDS returns A major portion of the revenue by way of income-tax is recovered through deduction of tax at source. For furnishing […]
Up Govt abolishes system of furnishing Affidavit on Stamp Paper
Up Govt abolishes system of furnishing Affidavit on Stamp Paper The Uttar Pradesh Government has decided to abolish various affidavits which were required to be notarized for various schemes in […]