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Income Tax : The new Form 100 replaces outdated audit reporting formats to improve compliance and clarity.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...
A special audit of Anil Ambani group firm Reliance Communications will be delayed, as the auditor Parakh & Co has sought an extension for three months from mid-July.The government has, however, asked the auditor for progress report before deciding on giving the extension and in case more time was given, the auditors would have to […]
ICAI given the proposal of for Nomination of Chartered Accountants u/s 14A and 14AA of the Central Excise Act, 1944 for special audit. Copy of letter written by ICAI President CA. UTTAM PRAKASH AGARWAL to The Chairman, Central Board of Excise & Customs is as follows:- No.1-CA(Rep Com) /2009, Dated: 2nd June, 2009 The Chairman, Central Board of Excise […]
Sub-sections (2A) to (2D) of section 142 deal with power of Assessing Officer to order a special audit. Such power is required to be exercised by the Assessing Officer having regard to the nature and complexity of the accounts of the Assessee and the interest of the revenue. Sub-section (2C) of the said section specifies […]
