Calling unnecessary documents in Scrutiny assessments During Scrutiny assessment the A.O waste not only his assessee time but also other parties with whom his assessee had entered into transactions. For verification purpose , notices are issued calling for information, documents, and evidences and sometimes for personal appearance as well.
SCOPE AND RELEVANCE OF ‘GOVERNMENT’ IN SERVICE TAX As we all know, Service Tax is levied when an activity is carried out by one person for another for a consideration i.e., two persons are involved – a service provider and a service receiver. The term ‘person’ is defined in clause 37 of section 65B of […]
Section 143 of Companies Act, 2013 SEC 143(1) :This section provides that the auditor of the company shall have the right to have access at all the times to the books of accounts and vouchers of the company , whether kept at the registered place or at some other places as inform by the company. […]
BUDGET – III (New registration process) W.e.f 01.03.2015 new process of registration shall be applied the sequence is as under :- First you Should fill online form ST-1. Except Govt.Deptt.PAN number is mandatory . E-mail and mobile number is mandatory latest by 30.04.2015
BUSINESS AND CHARITABLE TRUSTS Under the provisions of section 11 of the Income Tax Act 1961 , the primary condition for grant of exemption to trust or institution in respect of income derived from property held under such trust is that the income derived from property held under trust should be applied for the charitable […]