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 of the provident fund is to give retirement benefit in the […]
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 to vitiate a declaration form […]
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 the country. This article contains the description of some provisions related to audit and auditors which have been modified in […]
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 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 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 of eflie of tax audit report
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 […]
