Dear Professional Colleague, Sub: Extension of due date for filing Income Tax Returns – Soliciting views/ suggestions reg. As you are kindly aware, the CBDT has notified the ITR forms vide Notification No 49/2015, dated 22nd June, 2015 and Notification No 61/2015, dated 29th July, 2015. With regard to the same, as the due date of […]
CA Durgesh Kabra Audit Reporting (which is on the basis of the Audit procedures and evidences) is governed by The Companies Act 2013 and relevant rules and standards notified by Central Government or agencies so appointed for the same. As all of us are aware about the Standards on Auditing are applicable to the Auditor […]
The Tax Return Preparers (TRP) Scheme has been conceptualized by the Income Tax Department (ITD) and launched in 2006-07 to assist small and marginal taxpayers in preparing and filing their tax returns. The Role of TRP is that of preparing Returns of Income under Section 139 of the Income Tax Act for any assessment year for & on behalf of an eligible person, who may require furnishing the same.
Faith is confidence or trust in a person or thing or a belief not based on proof. It is biggest gifts one can receive. The only thing that can help you survive the hardest of storms is Faith. In simple words, ‘it is nothing but a ray of light in our dark world’.
Section 7A Proceedings under Employees Provident Fund & Miscellaneous Provisions Act 1952 remains highly controversial more so in view of latest Judgment by Various Hon’ble High Courts on the Issue
As per Section 2(92) of the Companies Act 2013, (corresponding Section 12(2)(c) of the Companies Act, 1956) Unlimited Company means a company not having any limit on the liability of its Members.
F.No.137/46/2015-Service Tax Clarification regarding the provisions of Section 73, 76 and 78 of the Finance Act, 1994 and Section 11AC of the Central Excise Act, 1944 after amendments made vide Finance Act. 2015
The Income Tax is one of the ways of taxation through which evolved one of the concept of assessment of ‘black’ & ‘white’ money. Efforts are on to simplify & extend scope at the income-tax laws so as to make the scheme of income-tax, simple and tax-payers friendly. The following may prove to be useful for the purpose:
In India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. But Indian Govt. took a very great step against the black money and a step to assess this income whether the income is located in India or abroad and now let me come to the main point of discussion that is:
Statistics are our favourite ways to analyse the things. While watching cricket or election result or investing we try to find out what happened in past and we make you sure that the same will happened in future also. Almost one month back some of my clients were asking me why I am suggesting them to invest in small pieces or via SIP instead of lump sum
