Understanding Section 139 of the Income-Tax Act, 1961. Learn about the logic behind filing income tax returns and providing accurate income and tax details to the Government.
ADVANTAGES OF TRADEMARK REGISTRATION Exclusive rights to the owner of Trademark A registered Trademark owner has an exclusive right to utilize the Trademark under the each class where it is registered. The proprietor has the sole authority of a Trademark and others cannot use that mark under the same Class. Create Goodwill or Trust Trademark […]
Since securities are not covered under Goods definition, E – Invoicing will not be applicable to companies dealing in securities however if the company is also providing broking services & is registered under GST and turnover is exceeding Rs. 100 Cr, then registration will be required under E – Invoicing.
GST Checklist Before Finalisation of Books of Accounts W.R.T Profit and Loss Items (PART-II) INTRODUCTION: A lot of legal considerations have to be kept in kind before finalizing books of accounts for the auditor to give a reasonable assurance that the financial statements of the client give a true and fair view. One of such […]
Assessment of internal financial controls over financial reporting is a vital responsibility of the auditor, cast by Standards on Auditing (SAs). Reporting on internal financial controls by auditor is also not a new requirement in India.
It could be safely concluded that UISPL cannot be treated as a’person responsible for paying’ for the purpose of section 194C read with section 204 of the Act, for more than one reason and also the provisions of section 194C of the Act cannot be made applicable thereon.
The Income Tax Department carried out searches on 17.03.2021 in the case of a prominent builder and developer group based in Mumbai. Searches were also conducted in the case of dealers engaged in the business of trading of mobiles accessories. In all, 29 premises located in Mumbai were covered under search operation, while 14 premises were covered under survey action.
