Is extension of due dates – A tool of politics in India As an accountant in the industry, I realize that the main reason of extension of due dates of filing of tax returns in India almost every year is simply due to exemption of interest on balance tax paid by the due date or […]
6 ways to verify your income tax return With less than 10 days left to the deadline of July 31 for filing income tax returns , most people have started filing their ITR. An ITR after being filed has to be verified by the assessee.
Cyber Crimes while e-filing of Income tax Returns 1. Registering PAN on income tax portal without the PAN holder’s consent: If any professional / accountant found that he has access to all pan data of its client company employees or other clients and/or he voluntary register PAN without consent is cyber crimes while e-filing of income […]
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 […]
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