E- Filing Of Income Tax Return / Online Filing Of Income Tax Return (ITR) is Mandatory for some classes of Assessee and is Optional for others. Article explains Procedure for E-Filing of Income Tax Return.
Article explains Consequences of late filing/ non filing of Income Tax Return which includes- Loss of interest on Refund in case the same is due to the assesee, belated return cannot be revised, Even a few of deductions are also not and Both the interest and penalty levied
There are 6 amendments in existing clauses of form 3CD Income Tax Audit Report and 9 different new insertions/ additional clauses for disclosure purposes.
The Goods and Services Tax which came into picture on 01st July 2017 has recently completed its one year. The said law was launched on the midnight of 30th June 2018 by Honourable Prime Minister Narendra Modi and then President Mr. Pranab Mukherjee. Now it’s a no more a new born baby where extra care […]
The article briefly explains the importance of risk assessment and management in the current scenario wherein a lot of frauds/ scams are happening. Be it the case of corporate houses, banks, service centres, IT companies.
The statutory provisions relating to transitional phase under GST is governed by Chapter XX of the Central Goods and Services Tax Act 2017. The following sections have been referred in the said chapter
After the enactment of CGST Act 2017, the GST council also finalised the valuation rules to be applied in case of certain set of situations/ circumstances. Broadly, under the GST regime following references have been made in context of the valuation of Goods and Services-
William Edwards Deming known for his 14 Points (Out of the Crisis, by W. Edwards Deming, preface) and his system of thought he called the System of Profound Knowledge, was an American engineer, statistician, professor, author, lecturer, and management consultant
The evolution of auditing is a complicated history that has always changed through historical events. Since the beginning of human civilization, auditing has been around.It has its genesis in the era of Maurya dynasty where Kautilya, a 4th century B.C.E. economist, recognized the importance of accounting methods in economic enterprises
Corporate Social Responsibility is not a new concept. However it has been statutorily recognised when the said provisions came into the picture at the time of advent of much revolutionary emergence of COMPANIES ACT 2013. The statute not only has mandated the spending for society by our so called big business giants but also has made people realized what they actually were forgetting in the race of earnings and maximizing their profits.
