Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.
ln continuation to General Circular No.08/2015 dated 12.06.2015 , the last date of filing of Form CRA-4 without any penalty/late fee is hereby extended upto 30th September, 2015.
An auditor prepares a plan after the selection of senior and junior staffs allocating the jobs to them, mentioning when to start, how to do the work etc. This plan is known as audit program. An auditor should include all the procedures in written form, objectives of each sector and all the directions which are to be given to the staffs which helps to control their works and helps to implement such programs into action.
In the case of Shri Hasmukh N. Gala vs. ITO, ITAT has held that if assessee has invested substantial amount in new property, also received letter of allotment for new property then AO can’t denied exemption available u/s 54 of the Income Tax Act 1961.
Self-talk is the best way to come in terms with truths of our lives. We have all heard ourselves talk. I’ll be happy when I get that car, I’ll be happy when I pass my exams, I’ll be happy when I find my true love, I’ll be happy when i…. why is our happiness always planned in future? How are you so sure that when you get that particular thing, it will make you happy?
Friends’, Shopping is something which was one of the hobbies of individual and families which is becoming habits. Payment is one of the vital activities once anybody completes the Shopping. Let us first understand that how payment works in the system.
The Indian Judiciary has been criticised for a domineering approach in arbitration, particularly when it involves a foreign party. Some recent judgments passed by the Indian courts have created some controversy and confusion on the law governing arbitration. Arbitration in India is inundated by unreasonable delays, high costs, and delay in enforcement of the award.
In terms of Section 2(22)(e) of the Income Tax Act, 1961, dividend” includes any payment by a company, not being a company in which the public are substantially interested, of any sum (whether as representing a part of the assets of the company or otherwise) made after the 31st day of May, 1987, by way of advance or loan:
Komal Tyagi ⇒ It extends to whole of India & shall come into force on the 1st day of April 2016. ⇒ Basis of charger – There shall be charged on every assessee for every assessment year commencing on or after 1st day of April’16, a tax in respect of his total undisclosed foreign income […]
The Board’s Report or Directors’ Report is where the Directors state their views on a Company. While any information which is materially important is expected to be stated in the Board’s Report, applicable laws put forth requirements as to what the Report should contain. With the inception of Companies Act, 2013 (“the Act”), Director’s Report […]
Purolator India Ltd. is engaged in the manufacture of excisable goods, namely Filter Elements, Inserts, and Cartridges and Components. These goods are either cleared by the Appellant to various vehicle manufacturers
