There was a great need and importance for introducing the provisions of section 68 under the income tax act, 1961 to safeguard and protect the interest of revenue, as assessee was engaged in harmful tax practices to evade tax in the form of Black Money, Accommodation Entries, Cash Credit Entries etc.
Continue Reading »There is an utmost importance of Revisional authorities under Tax laws (both under Income Tax Law and GST Law) to safeguard and protect the interest of revenue as they act as a reviewer of the orders passed by the lower authorities which fall under their respective jurisdictions.
Continue Reading »Form 26AS is the most important statement while filing an ITR. One should always match the details with it for avoiding any notices and intimations from the department.
Continue Reading »The ICAI has setup a board named DAAB (Digital Accounting and Assurance Board) to take care and focus on the issues in accounting and assurance arising from the high pace of digitalisation.
Continue Reading »In India, CA's are engaged in providing services right from the inception of the business till the closure of the business. A business can never grow and prosper without a Chartered Accountant.
Continue Reading »TIEA’s have proven to be a boon for the Indian Tax Administration by providing sensitive financial information about the residents of India who have accumulated wealth outside India.
Continue Reading »There was a great need and importance to stop malicious practices of tax evasion. To combat the same, government of various countries have come forward to act accordingly and has formed and amended their treaties and agreements with other countries in order to protect the economy and revenue interest of their country.
Continue Reading »By the term pricing decision, we mean the choices of business entities taken into consideration by them while setting the prices for their products and services.
Continue Reading »By the term pricing decision, we mean the choices of business entities taken into consideration by them while setting the prices for their products and services.
Continue Reading »In this article we will understand why section 269ST is introduced and what is the need of invoking such pr
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