Month: September 2013

Provident fund under the Head of Business or Profession

In this particular article I wish to share some of my views about Provident Fund contribution by the Employer and Employee, its Taxability and deduction under the head of Business or Profession.
 The main objective

Read More

F form under CST Act can cover transactions of a period more than one month

Calcutta High Court in Cipla Limited vs Deputy Commissioner, Commercial Tax reported as VSTI 2013 Vol. 17 B-509 has held that There is nothing in Rule 12(5) of CST (R&T) Rules which could be construed

Read More

Changes in Audit and Auditors- Companies Act, 2013

Changes in Audit and Auditors- Companies Act, 2013
The companies act, 2013 has come into existence on 29.08.2013 that replaces a nearly six decade-old legislation and overhauls the way corporate function and are regulated in

Read More

Works Contract Service: Problems in declaration under VCES

Before we discuss the problems faced by an Assesee engaged in the Works Contract Service and intends to make a declaration under VCES, 2013, we must understand the Taxability of Works contract Service prior to

Read More

MCA notifies some sections of new company law’

The Ministry of Corporate Affairs notified some key sections of the new Companies Act. MCA notified 98 sections of the new Act, it said in a press note.
The sections so notified will come into

Read More

Tax Audit Problems & Solutions

Tax Audit Problems & Solutions
FREQUENTLY ASKED QUESTIONS ON E-FILLING OF TAX AUDIT REPORTS – TECHNICAL ISSUES
1. STEPS FOR FILLING ONLINE TAX AUDIT REPORT
What are the steps to be followed for E-filling of

Read More