The deadline to link Aadhaar with PAN has been extended several times in the past, and the latest deadline is March 31, 2023. If an individual fails to link their Aadhaar with their PAN by the deadline, their PAN card will become inoperative from April 1, 2023.
Dear Friends , In this post we discuss various aspects of the tax due of arrears received /allowed to the Govt employees in light of Income tax rulesArrears to be given on the basis of sixth pay commission Report As per sixth pay commission the rep
ASSESSMENTAs per Section 2(11) CGST Act 2017- 'Assessment' means determination of tax liability under this Act and includes self-assessment, re-asse
Dear Friends,Everytime the deadlines approches, there seems to be a lot of confusion over if the penalty 271B for failure to "furnish" the Tax Audit Report u/s 44AB. The confusion appears to have arisen due to fragmented reading of circular
Our Audit performance (whatever the area may be) hinges on effective maintenance of records and documents otherwise the audit team is sure to take us for a ride. Not only this, the accounting department also has to have a good presence of mind as reg
THIS IS NOT THE END (MY LIFE v/s MY SELF) First of all I would like to say all the best to all of you for your upcoming result. And I wish that your result will be in your favour. Here I am going to present a hypothetical/imaginary conversation
Membership of AOP/ BOI. Section 67Aof Income Tax act 1961 deals with method of computing members share in income of AOP / BOI. As per the Sec67(A). (1) In computing the total income of an assessee who is a member of an association of persons or a bo
The 2019 Budget is very much talked about since it is the last budget of the present government. Before the budget is presented on the 1st February 2019, here a...
IntroductionThe Point of taxation rules were introduced in 2011 and since then, the govt. has made numerous amendments to it. Recent Changes In case of individuals and firms, where the taxable services provided in
Analysis of CA Final FR New Syllabus Nov'19 paper by Prof. Rahul Malkan
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English