Income Tax : Find out everything you need to know about Equalization Levy, including the specified services and e-commerce supplies subject to ...
Income Tax : With globalization, people and corporates venturing abroad for work and to explore foreign markets is common. This brings a need t...
Company Law : Many companies availed benefit of the Companies Fresh Start Scheme (CFSS) 2020 last year. Last year MCA came up with the Companies...
Income Tax : The recent CBDT circular on extension of due date for assessees required to get their accounts audited u/s 44AB has brought to lig...
Income Tax : The income tax department in its latest drive has started de-activating PAN of all income tax assesses who were allotted more than...
The problems with mismatch in annexures 2A and 2B are very common with respect to filing of vat returns under the Delhi VAT Act. A small typographical mistake in entering the TIN gives rise to demands due to mismatch in annexures 2A and 2B of the selling as well as the purchasing dealers.
Now that 30th September is over most of the companies would have convened the AGM for the FY 2013-14. Appointment of auditors is an ordinary business to be convened at the AGM. As per section 139(1) of the Companies Act ‘2013, the company has to inform the auditor of his appointment within 15 days of the meeting in which he is appointed as an auditor.
Here the CPC(TDS) is reminding those who have not deposited any Tax at Source during the FY 2014-15 to do so if they are liable to deduct TDS but have not deducted TDS due to mistake or otherwise.
The Centralised Processing Cell (CPC) of the Income Tax Department has started a special campaign where it is reminding those who have filed their income tax returns for the AY 2013-14 without digital signature and have not sent the signed copy of the Acknowledgement to CPC Bangalore, to send the same to CPC Bangalore.
As per the provisions of Companies Act’2013, the financial statements of a company alongwith the Directors’ report are to be approved by the Board of Directors of the company at a meeting of the Board of Directors.
With the advent of Globalization, more and more Indians are interested in doing business outside India. They want to set-up a branch office or a subsidiary abroad. There are multiple benefits of doing so such as cost reduction because they save on import duty, ease of doing business, building an international brand etc.
Let us examine in depth the recent amendments in the relevant provisions of the Income Tax Act’1961 under which notices are issued and which are also relevant to Tax Audit and scrutiny assessments:
