Section 194IA of the IT Act relates to TDS on Sale of property. Form 26QB is an online statement-cum-challan to be filled and submitted by the buyer of the property for making TDS payment on sale of property. It contains details of buyer, seller, property being sold, sale consideration, tax deposit details etc.
First of the idea of IND-AS emerges from the adoption of IFRS as issued by the International Accounting Standard Board First of all in 2002 European parliament has passed a regulation ideas requiring the adoption of IFRS by all EU listed companies.
The central excise authorities will not challenge the valuation given in the invoice provided the caratage / purity and weight of the gold/silver with precious stones; and carats of diamond/precious stones are mentioned on the invoice; No arrest or criminal prosecution of any jeweler will be done;
Extra Questions attempted in CA Examinations – (21-03-2016) 15th March 2016. It is seen that in CA examinations, sometimes, candidates answer more questions or sub parts of a question, than are required in terms of the instructions given in the question paper. In this connection, it is hereby informed that candidates are required to answer […]
Service tax assessees will be required to file Annual Return in addition to the half yearly returns presently filed by them. This has been done by amending Rule 7 of the Service Tax Rules, 1994 which will be applicable with effect from 01.04.2016. This article is an attempt to analyse the probable consequences of the amendment.
In this series, I am analyzing the proposed amendments with the existing provisions in the Companies Act, 2013. The Part – 2 of the series deals with amendments with respect to Annual return, Financial Statements, General Meetings, Postal ballot, CSR & Auditors.
Arjuna, there is a very beautiful relation between Black color and Tax Evasion. After the new government has come into force, Respected Finance Minister has given special focus on tax evasion. This means that the person engaged in tax evasion would be colored black.
Comparative analysis of Definitions under Companies Act, 2013 and The Companies (Amendment) Bill, 2016. Corporate Affairs Minister Mr. Arun Jaitley on 17th March, 2016 introduced in the Lok Sabha The Companies (Amendment) Bill, 2016 to amend the Companies Act (i.e. the principal Act) in order to remove the difficulties faced by stakeholders.
A credit score lets lenders know whether or not you are a responsible borrower. While most people think they know everything they need to know about credit scores, majority have been blinded by the rampant misconceptions surrounding the calculation of the scores. There are a number of things that your credit bureau and creditors may […]
Maharashtra Sales Tax Department is making substantial changes in its automation processes relating to taxpayer interface, w.e.f F.Y 2016-17. This is expected to result into significantly more efficiency in the working of the Department, less errors due to minimum human intervention and maximum benefits in relation to time management.
