Budget Amendments on deduction of chapter VI-A Section 80C: All investments in ‘Sukanya Samridhi Scheme’ were already eligible for deduction under Section 80C. Now all the withdrawals and interest accrued… Read More
APPOINTMENT OF STATUTORY AUDITORS AND THEIR SERVICES UNDER THE COMPANIES ACT, 2013 Section 139, 141,142, and 144 of the Companies Act, 2013 and the Companies (Audit and Auditors ) Rules,… Read More
Basic Provision of Form 15CB & 15CA What is Form 15CB There are some provisions to make payments outside India, one of this compliance is the submission of Form 15CA… Read More
ALLOWABILITY OF SALARY TO PARTNER, IN CASE OF FIRM - BUSINESS EXPENDITURE No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts Section… Read More
Payment Of Income Tax Dues Reserve Bank has asked the public to pay their income tax dues well in advance so as to avoid standing in long queues and stated… Read More
PROFESSIONAL UPDATES FOR THE 1ST WEEK OF AUGUST 2014 No application of section 2(22)(e), where shareholding of each partners of assessee-firm as well as of assessee-firm in closely held… Read More
No audit of private assessee can be undertaken by CAG. The Revenue argued that Rule 5A of the Service Tax Rules was made pursuant to the power conferred under Section 94… Read More
Corporate and Professional Updates June 2014 Exporters with 3 year track record can get bank advance up to 10 years for long term export contracts, subject to conditions[RBI Circular 132… Read More
Revision of TAR and New reporting requirements in Form 3CD- Notification No. 28/2021 The six changes in the tax audit form in Form 3CD Budget for 2021: The ‘Tax Audit'… Read More