CBEC has authorised CAs & CWAs(nominated u/s 72A) to conduct service tax audits at behest of service tax department.Statutory provisions--Rule 5A(2) of Service Tax Rules, 1994 authorises department to conduct audit by CAG or any audit party deput
GST Audit Report 2017-18, lots of load to upload
EXEMTION U/S. 54-F IS AVAILABLE IF THE INVETMENT IS MADE OUT OF INDIA.In an article published in a tax journal, an advocate and tax consultant from Ahmedabad had expressed the view that exemption from capital gains can be availed of under Sections 54
A lot of controversies are involved related to GST Refunds for exporter of services. It is time that the government addresses such queries.
Learning accounting is like learning a language. Accounting professionals collect, record, codify and communicate information about a business. It is an old adage, but a truth, that accounting is the language of business. Learning ac
Mismatch of TDS refers to the situation when the details of Form 16 and Form 26AS differ from each other.
Friends, I Hav Tried To Present MAT in simple Way.1. Normally companies are maintaining two set of books of accounts.2. Some times income computed under income tax law will be zero or negative. In this situation the company will escape from payment o
The importance of Micro, Small, and Medium Enterprises in any nation's economic growth is beyond doubt. For any economy, it is important to move from agriculture to industry and form industry to the service sector for economic growth and this migration is facilitated by the MSME sector.
It is a regular practice of the government to follow tactics that are illusive and misleading. One of the tricks adopted by the government while increasing the rate of service tax is that during the Budget Speech, the Honble Finance Minister a
The provisions of Finance Bill, 2023, relating todirect taxes seek to amend the Income-tax Act, 1961 ("the IT Act"), to continue reforms in direct tax system through tax reliefs, removing difficulties faced by taxpayers and rationalization of various provisions.
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