Tag Archives: Tax Audit Problems

Is extension of due dates – A tool of politics in India

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 […]

Transfer Pricing- Aggregation of Transactions for Benchmarking

Transfer Pricing- Aggregation of Transactions for Benchmarking Aggregation of transactions or ‘blended Transaction approach’ is a nicely-widely wide-spread exercise for benchmarking and resolution of arms’ period price of global transaction/ exact domestic transactions in switch Pricing Certification and assessments and is broadly upheld in many judgements.

Background and legal position – Service Tax Audits by Department

Background and legal position – Service Tax Audits by Department Service Tax law also operates under the concept of self-assessment like income tax laws, The assessee self assesses his/her tax and pays the service tax dues at particular time intervals as prescribed . All the business transactions are disclosed to the revenue by filing of […]