Apart from penalty for various defaults, the Income-tax Act also contains provisions for launching prosecution proceedings against the taxpayers for various offences. In this part you can gain knowledge about the various provisions relating to prosecution which can be launched under the Income-tax Act.
A resident taxpayer may have some taxation issues in respect of a transaction which has been undertaken or proposed to be undertaken with a non-resident. Similarly, a non-resident may have some taxation issues in respect of transaction which has been undertaken or proposed to be undertaken by him in India.
rticle discusses about Appealable orders in case of appeal by the taxpayer, Appealable orders in case of appeal by the Commissioner, Appeal not to be filed by the department in certain cases, Time- limit for presenting appeal, Form and signature, Memorandum of cross objection, Documents to be submitted with appeal, Fees for filing the appeal, Fees for filing the appeal in other cases,
Discover the advantages of Limited Liability Partnerships (LLP) over Private Limited Companies. From cost-effectiveness and compliance to tax benefits and fund withdrawal flexibility, explore why an LLP might be a preferable business structure.
Discover the ease for senior citizens in tax compliance! Learn about the exemption from filing Income Tax Return under Section 194P for individuals aged 75 and above, receiving pension and interest income. Conditions and benefits explained.
AAR ruled that the value to be considered for sale of used motor vehicle would be difference between Sale price & WDV on date of sale under Income Tax Act
Explore the powers and restrictions of the Board of Directors under Sections 179 and 180 of the Companies Act, 2013. Learn about the authority, limitations, and resolutions crucial for effective corporate governance.
Companies (Auditor’s Report) Order i.e. CARO was first introduced in 1988, when central government first introduced Manufacturing and Other Companies (Auditor’s Report) order 1988, which later replaced by CARO 2003, CARO 2004, CARO 2015, CARO 2016 and now with CARO 2020.
Interest income from variable capital contributed in Partnership firm-It is exempted services. However value of services is considered for aggregate Turnover under GST Act.
AAR Gujarat explains What Will Be The Value Of Supply For Sale of Residential/Commercial Property With Undivided Rights of Land
