Stay updated with the latest TDS compliance under Section 192 of the I.T. Act, emphasizing the importance of Form 12BB for employers and employees.
Discover effective strategies for managing an enterprise’s financial risks, controls, and audits. Learn the importance of identifying and mitigating financial risks, implementing robust internal controls, and conducting regular audits for transparency and accountability. Establish a comprehensive framework supported by strong leadership, clear policies, and competent professionals. Explore collaboration with external experts to enhance risk management and stay informed about emerging industry practices. Safeguard your financial health and ensure long-term stability through proactive financial governance.
Explore the case of Dr. Babasaheb Ambedkar Urban Cooperative Bank Ltd. vs. DIT where penalty under Section 271FA for non-filing of AIR was deleted due to reasonable cause.
This article attempts to provide a broad outlook of various aspects that should be considered before an organization try to outsource the burden of regulatory compliance activities requiring helps of experts and outside service providers. 1. Do you think that the management of risk and compliance is becoming increasingly complicated?. 2. Does the compliance function […]
The article attempts to revisit the SC latest verdict on address updation in PAN Card which is must without which the assessee cannot claim that he was not served with notice issued to him under the Income Tax Act. In PCIT Vs IVen Interactive Limited, the Supreme Court’s judgement dt. 18.10.2019 says that mere mentioning […]
As said earlier, the scrutiny selection date is fast approaching for cases to be selected for the A.Y.2018-19 by 30th September, 2019. The Finance Act, 2017 has made a slew of changes in various heads of income. Business incomes and Other incomes are the most toughest of all other sources that leads to additions, disallowances […]
This article attempts to briefs about the deductions U/s 80IA which is coming to end for certain categories of enterprises in respect of certain incomes. (a) Developing Roads etc. : The eligible enterprise should commence business between 01.04.1995 and 31.03.2017. 100% of profit for any 10 consecutive assessment years in a block of 20 years […]
Scrutiny Selection date is fast approaching for cases to be selected for the A.Y.2018-19 by 30th September, 2019. The Finance Act, 2017 has made a slew of changes in various heads of income. Though adequate care has been taken while filing return of income but the need arises to have a relook at the changes made […]
Through this article an attempt has been made to explain the circumstances where the revisionary powers of the commissioners u/s 263 can be invoked when the order dropping penalty proceedings u/s 271(1)(c) of the I.T. Act, 1961 was passed by the Assessing Officer. In the case of M/s. DEF, an India Company, an order was […]
