MCA notifies some sections of new company law

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 effect from September 12. “These are independent sections, which do not require […]

Tax Audit Problems & Solutions

Tax Audit Problems & Solutions FREQUENTLY ASKED QUESTIONS ON E-FILLING OF TAX AUDIT PROBLEMS – TECHNICAL ISSUES 1. STEPS FOR FILLING ONLINE TAX AUDIT REPORT What are the steps to be followed for E-filling of Tax Audit Report? Step 1- One Time Registration of Chartered Accountant at E-filling website Step 2 – Login to Assessee […]

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 of IT Act exceeds Rs.15 crores. b) Where addition in an earlier assessment year on the issue of transfer pricing […]

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 Lac mandatory to file efile their income tax Retuns . The due date for salaried people had been extended to […]