Goods and Services Tax : The article explains common GST audit objections relating to ITC, reverse charge liability, and turnover mismatches. It highlights...
Income Tax : The new Form 100 replaces outdated audit reporting formats to improve compliance and clarity. It standardizes reporting for specia...
Income Tax : The Petitioner contended some of the directions issued by the Respondent are bad in law because the Respondent has delegated upon ...
Income Tax : A) The rationale behind the introduction of the provision of Special Audit √ Assessee is liable to get its account audited u/s 4...
CA, CS, CMA : Background: Quality control is applied to achieve company’s vision to be a distinguished company. By maintaining a standard qual...
Goods and Services Tax : The Commissionerate seeks experienced audit firms to undertake statutory Special Audits covering turnover, ITC, tax payments and p...
CA, CS, CMA : Get details on the empanelment of Cost Accountants under Income-tax Act, 1961. Notice issued by the Principal Chief Commissioner o...
CA, CS, CMA : Income Tax Department invites C.A./C.A. Firms in Bihar & Jharkhand to apply for empanelment as Special Auditors. Eligibility, term...
CA, CS, CMA : Income-tax Department, Mumbai intends to invite application from reputed Chartered Accountant firms/propreitary concerns for empan...
CA, CS, CMA, Company Law : 1. Revised SA 700, Forming an Opinion and Reporting on Financial Statements. 2. New SA 701, Communicating Key Audit Matters in the...
Goods and Services Tax : Delhi High Court sets aside special audit order against DHL Express India, citing lack of proper hearing. The ruling highlights ju...
Income Tax : Explore the Delhi High Court's ruling in PCIT vs. B.L. Kashyap. Learn why CIT cannot extend Section 142(2C) Audit report submissio...
Income Tax : SC held that order directing special audit under Section 142(2A) of Income Tax Act, 1961 is required to be communicated to appel...
Income Tax : Since AO had taken recourse to the provisions of section 142(2A) only with a view to extend the period of limitation by virtue of ...
Income Tax : India Yamaha Motor Private Limited Vs PCIT (Delhi High Court) Writ of India Yamaha Motor (P) Ltd., Hon’ble Delhi High Court ...
Income Tax : Income Tax Department Amritsar Central Revenue Building, Room No. 206, 1st Floor, Maqbool Rd, C Block, Amritsar, Punjab 143001 E-m...
The article explains common GST audit objections relating to ITC, reverse charge liability, and turnover mismatches. It highlights that proper reconciliations, documentary evidence, and judicial precedents may help avoid demands and penalties.
The new Form 100 replaces outdated audit reporting formats to improve compliance and clarity. It standardizes reporting for special audits directed by tax authorities.
The Commissionerate seeks experienced audit firms to undertake statutory Special Audits covering turnover, ITC, tax payments and potential evasion. The framework outlines duties, conflict-of-interest safeguards, reporting requirements and fee slabs based on turnover.
Delhi High Court sets aside special audit order against DHL Express India, citing lack of proper hearing. The ruling highlights judicial scrutiny of GST procedural adherence and ongoing Supreme Court challenges to notification validity.
Get details on the empanelment of Cost Accountants under Income-tax Act, 1961. Notice issued by the Principal Chief Commissioner of Income Tax, Pune. Apply by 29.02.2024
Income Tax Department invites C.A./C.A. Firms in Bihar & Jharkhand to apply for empanelment as Special Auditors. Eligibility, terms, and conditions outlined. Apply within 15 days.
Explore the Delhi High Court’s ruling in PCIT vs. B.L. Kashyap. Learn why CIT cannot extend Section 142(2C) Audit report submission time; crucial insights revealed.
SC held that order directing special audit under Section 142(2A) of Income Tax Act, 1961 is required to be communicated to appellant-assessee, so as to know the reasons, and, if required, the assessee can choose to exercise the option to challenge the order.
Income-tax Department, Mumbai intends to invite application from reputed Chartered Accountant firms/propreitary concerns for empanelment to carry out Special Audit u/s. 142(2A) of the I.T. Act, 1961 for the period 2023-24 and 2024-25.
Since AO had taken recourse to the provisions of section 142(2A) only with a view to extend the period of limitation by virtue of clause (iv) of Explanation 1 to section 153(9) for completion of assessment, without the conditions being satisfied in section 142(2A), therefore, the assessment framed by AO under section 143(3) was barred by limitation and invalid.
