CA Sudhir Halakhandi – The utility of 3CD/3CB, even after correction made in it , is not a user friendly utility and we have already indicated some of the mistakes in it. Some more mistakes were noticed by other experts and chartered accountants and the same were reported at various places in workshops and seminars related to this new feature which has been added to the work of chartered accountants.
CA SUDHIR HALAKHANDI The utility for uploading Audit report under section 44AB in Form 3CB/3CD is changed on the department’s site within a period of less than one month from its first introduction. In this article we are not very critical about this re-introduction of the utility because the utility given by them this time is much better than the earlier one and it includes some important suggestions given by the professional fraternity after using the previous utility.
CA Sudhir Halakhandi We have been given some of the very important rights by our law makers in recent years such as Right to information, Right to education and the newly introduced right to food (Recent Food security Bill). These all are recently introduced fundamental right of the citizens of the country. In a democratic […]
The assessment of the Partnership firms under the Income tax Act, 1961 has very specific characteristics and the “Remuneration and interest to partners” are two very specific figures without which one cannot calculate the tax liability of a partnership firm.
We, in our country, have very specific set of law makers and they make the rules and regulations, specially the rules and regulation affecting the Tax payer public in a very strange way. Sometimes they brought a new of rules and procedures in the name of tax reforms and user friendly and then in a year or two they revert back to the more stringent procedure and this practice is continue since year to year and nobody is there to stop this system of trial and error Method which they are practicing in search of excellence at the cost of Tax payer public.
Yesterday we wrote an article on my experience of E-filing of Tax audit report and received a very interesting question – Is there any need to file tax audit report u/s 44AD? I have analyzed the case and framed the following opinion:- 1. A proviso is added to rule 12(2) w.e.f. 01/04/2013 and the same […]
1. CHARTERED ACCOUNTANT:- (i) Go to incometaxindiaefiling.gov.in and click on ‘REGISTER YOURSELF’ and select the option Tax professional – Chartered Accountant. The registration of chartered accountant is one time activity and the Registration form which is opened after selecting the option chartered accountant will require your Membership Number, enrolment date as CA, Name (Surname, First […]
The Finance Minister Mr. P. Chidambaram in his Budget speech in 2006 gave a very clear picture about the future of the Goods and service tax. Let us see how confident our law makers were in 2006 which is evident from the budget speech of the Finance Minister Mr. P. Chidambaram:-
The E-filling of return both under direct and indirect system is a big relief to the Tax payers and professionals who are working for and on behalf of the tax payers. E-filling of Income tax returns has made the life of Taxpayers and professionals very easy and refunds are coming very fast. The whole system is paperless hence it is a big saving of the National resources.
