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 […]
ICAI suggestions on Applicability of SA -700 on form of audit reports
ICAI suggestions on Applicability of SA -700 on form of audit reports The ICAI had pursuant to the issuance of the Revised SA 700, “Forming an Opinion and Reporting on […]
Clear guidelines on foreign tax credit should be introduced – ICAI
Clear guidelines on foreign tax credit should be introduced – ICAI Clause 207 relates to foreign tax credit allowable to an assessee, being a resident in India in any financial […]
Income Tax Appeal Filing Procedure in Brief
Income Tax Appeal Filing Procedure in Brief APPEALS PROCEDURES OF INCOME TAX: This article has been is to focus on the provision and procedures relating to Filing the Appeals. One […]
File Form MBP 14 within 30 days of First Board Meeting related to Disclosure of interest by directors –
File Form MBP 14 within 30 days of First Board Meeting related to Disclosure of interest by directors – 1) As per Section 184 of the Companies Act, 2013, and […]
File Return of Deposits in Form DPT-4 before 30th June 2014
File Return of Deposits in Form DPT-4 before 30th June 2014 As per Section 74(1) of Companies Act, 2013 every Company is required to file Return of Deposits in Form […]
Karniti Part-1 – Maharashtra State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT
Karniti Part-1 – Maharashtra State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT INTRODUCTION OF SERIES “KARNITI” In The Mahabharata on the […]
Disallowance U/s. 40A(2)(b) on account of Interest @ 18% – Held not excessive
Disallowance U/s. 40A(2)(b) on account of Interest @ 18% – Held not excessive Issue – The assessee claimed that the assessee borrowed unsecured loan @ 18% from related as well […]