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

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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

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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

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PROCEDURE TO E-FILE TAX AUDIT REPORT

Pursuant to amendment in rule 12 of the Income Tax Rules, by the notification no 42 dated 11/6/2013, the following proviso has been inserted in sub- rule (2) of rule 12.
“Provided that where an

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Procedure and criteria for selection of scrutiny cases under compulsory manual during the financial-year 2013-2014

Procedure and criteria for selection of scrutiny cases under compulsory manual during the financial-year 2013-2014
Certain categories of cases or returns shall be compulsorily scrutinized:
a) Where value of international transaction as defined u/s 92B

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What happens if you miss the deadline to file tax returns?

What happens if you miss the deadline to file tax returns?
It’s the time when tax returns filing is priority in mind of every taxpayers . Individuals having salary income whose total income exceeding Five

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