Please Click on the topics to view the corresponding FAQ’s Introduction to FCRA, 2010 Key Definitions and Concepts under FCRA, 2010 Registration and Prior Permission Acceptance and Utilization of Foreign Contribution Transfer of Foreign Contribution Maintenance of Accounts Filing of Annual Returns Banks and Banking related issues Change in Name, Address, Objectives, FC Account details […]
New online PAN application facility has been launched for PAN applicants with an option of paperless submission of application using Aadhaar based e-Sign Applicant can select any one of the following three options while filling online PAN application “ Physical acknowledgement, Digital Signature Certificate (DSC) or Aadhaar based e-Sign. In DSC option, an applicant needs […]
On daily basis all of us come across shops in our localities which would not issue proper bills or use simple paper to issue bills in case some one asks for it and transact business mostly on cash. They don’t carry any account books or detailed records in respect of their stocks and sale.
Till today, we have seen concept of manufacture (removal of goods), Sale of goods and rendition of service as taxable event for the purpose of taxation in various instruments of indirect taxation. SUPPLY of goods and services is a new concept as taxable event in GST. Is it really new?
You are a Chartered Accountant, Company Secretary or an Advocate into practice of income tax and charge a fee of Rs. 10,000/- for return filing from your clients. You file the return of your wife and get to know that you will have to pay GST of Rs. 1,800/- (considering GST rate of 18%). What would be your reaction?
Board hereby lays down that while proposing to take up ‘Complete Scrutiny’ in a case which was originally earmarked for ‘Limited Scrutiny’, the Assessing Officer (‘AO’) shall be required to form a reasonable view that there is possibility of under assessment of income if the case is not examined under ‘Complete Scrutiny’.
CBDT lays down the following procedure and criteria for manual selection of returns/cases for compulsory scrutiny during the financial-year 2016-2017:- (i) Cases involving addition on a substantial and recurring question of law or fact in earlier assessment year(s), in excess of Rs. 25 lakhs in metro charges
The provisions for filing of TCS returns are laid down under rules 31AA of Income tax Act 1961 and for TDS under rule 31A of Income Tax act 1961. The recent amendment vide Notification no 30/2016 dt 29th April 2016 has made changes to Rule 31A of the Act, however, similar changes has not been made in the provisions of Rule 31AA of the Act.
Central Board of Direct Taxes, with approval of the Revenue Secretary, has decided to modify notice under section 143(2) of the Income-tax Act. Henceforth, there shall be three formats of the said notice namely: Limited Scrutiny, Complete Scrutiny, Manual Scrutiny
In this article I have shared my views on Registration requirement in GST for persons engaged in making Inter-State supply alongwith Intra State Supply having offices in single or multiple States.
