Show Cause Notice under Income Tax Act 1961 Purpose of Show Cause Notice To provides for a pre-dispute consultation with the taxpayer through issue of specific show cause notices and a limited number of hearings before before issuing a tax demand notice. In all cases under scrutiny, where the Assessing Officer proposes to make additions or… Read More »
Our company is a public limited company having 385 members in which 90% of members constitute of body Corporates. Now our question is – can authorised representatives of these body corporates shall be counted as quorum in General meeting of company? As per Secretarial standard-2, public companies having not more than 1000 members with a… Read More »
SECTION 194-IA OF THE INCOME-TAX ACT, 1961 – PAYMENT ON TRANSFER OF CERTAIN IMMOVABLE PROPERTY OTHER THAN AGRICULTURAL LAND – CORRECTION AND STATEMENT CUM CHALLAN RELATING TO TDS ON SALE OF PROPERTY UNDER SECTION 194-IA – WITHDRAWAL OF STANDARD OPERATING PROCEDURE (SOP) LETTER F.NO.DIT(S)-2/FORM 26QB/100/2015, DATED 22-3-2016 Kindly refer to the above. 2. Section 194-IA… Read More »
26QB FORM CORRECTION Q1: What are the various types of defaults that may get generated on 26QB processing? Ans: Following are the types of Defaults that may get generated on 26QB processing:— 1) Short Deduction: Short deduction is computed when the rate at which TDS Deducted is less than 1%. Short Deduction Computation u/s 200A… Read More »
Upload Form 15CA STEP 1 : To upload Form 15CA login to www.incometaxindiaefiling.gov.in with your username and password . Go to e-file => Prepare and submit form (other than ITR ) STEP -2 : Select the Form Name form No 15CA and attach the signatures (You need to download the Digital signature utility -DSC to… Read More »
Download the Report Report of the Committee on Road Map for Risk Based Solvency Approach in Insurance Sector
Central Board of Direct Taxes Notification no 4/ 2016 Procedure for Registration and Submission of Statement under Section 285BA(1)(k) read with Rule 114G (7) of Income tax Rules 1962
E-filing Vault What is the purpose of E-filing Vault ? The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs and not share them with others. In order to ensure that taxpayers are able to secure their E-filing account against any… Read More »
Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Press Release Date 01/04/2016 In line with the Budget announcement made by the Honourable Finance Minister, as part of the “Ease of Doing Business” initiatives, the Central Board of Excise and Customs, Government of India has launched Customs SWIFT (Single… Read More »
Central Board of Excise and Custom F.No. 450/147/2015-Cus-IV 31-03-2016 Regarding implementation of ‘Integrated Delcaration’