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 […]
Deciphering DPT-3 and DPT-4
Deciphering DPT-3 and DPT-4 Applicability of Form DPT-3: A read through the provisions of Section 73 of the Companies Act, 2013 clearly states that the Companies can accept deposit from […]
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 […]
Disallowance u/s 40(a)(ia) should not be made on the basis of subsequent amendments
Disallowance u/s 40(a)(ia) should not be made on the basis of subsequent amendments The amendment brought in by the Finance Act with retrospective effect, which was passed in the year […]
Sec. 50C AO must refer the valuation to DVO despite no request by assessee
Sec. 50C AO must refer the valuation to DVO despite no request by assessee Presumably, the case of the assessee was that price offered by the buyer was the highest […]
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 […]