Declaration to be obtained on the letter head of the Transport Contractor in case of non-deduction of tax at source u/s 194C (6) of the Income Tax Act, 1961 […]
All posts by Sunil Agarwal
Power regarding discovery, production of evidence, etc. -Section 131
Overview of Section 131 The Assessing Officer, Deputy Commissioner (Appeals), Joint Commissioner, Commissioner (Appeals), 17[Principal Chief Commissioner or] Chief Commissioner or 17[Principal Commissioner or] Commissioner and the Dispute Resolution Panel […]
Survey Vs. Search
Income tax survey and search are becoming increasingly common as businesses continue to grow. Apparently, there is no word called “raid” in the Income Tax Act. The two important tools […]
Survey Provisions under the Income Tax Act, 1961- Section 133A
Provisions relating to Section 133A. 1. Power Of Survey. Survey means to inspect or in a wider sense to scrutinize. The object of a survey is to find out, gather […]
SEARCH & SEIZURE -PROVISIONS & PROCEDURES – A BRIEF OVERVIEW
SEARCH & SURVEY-PROVISIONS & PROCEDURES – A BRIEF OVERVIEW Search & seizure-meaning of: Search, according to normal dictionary meaning, means to look out, to seek or to find something the […]
Auditing Standard- SA 550-Related Parties
Meaning of Related Parties Related Party means :- 1) A related party as defined in the applicable financial reporting framework For Example :- As per Section 2(76) of The Companies Act 2013, […]
Summary of SA 299-Responsibilities of Joint Auditors
Responsibilities of Joint Auditors Note: – This SA shall does not deal with the relationship between a principal auditor & the auditor of components of an entity. Joint […]
CBEC explains Reverse Charge Mechanism, registration mandatory, advance payment taxable under GST
CBEC explains Reverse Charge Mechanism (RCM) under GST law i.e. where liability to pay tax is on recipient of service, says that there are 2 type of reverse charge scenarios […]
LIST OF RESOLUTION OR ARRANGEMENTS NEED TO BE FILED WITH ROC IN MGT-14
Section 117 of the Companies Act, 2013 cast an obligation on the company to file copy of following resolution or arrangements with ROC within 30 days of passing of following […]
Increase Basic Service Tax Exemption Limit to Rs. 25 Lakh
Basic Exemption Limit for Small Service Providers In Its pre-budget memorandum-2014 on Indirect taxes Institute of Chartered Accountants of India (ICAI) has suggested that Current Service Tax Exemption Limit of […]