As per CBDTs Notification 36/2019, dated 12th Apr 2019 the format of TDS statement in Form No. 24Q, Annexure – II has been revised. The notification shall come into force w.e.f. 12th May 2019. The revised Form 24Q, Annexure – II has brought certain changes with regard to the reporting of transactions while filing the TDS statements.… Read More »
CSAS 4 Auditing Standard on Secretarial Audit Download CSAS 4 Auditing Standard on Secretarial Audit Click here
CSAS 3 Auditing Standard on Forming of Opinion Download CSAS 3 Auditing Standard on Forming of Opinion Click here
CSAS 2 Auditing Standard on Audit Process and Documentation Download CSAS 2 Auditing Standard on Audit Process and Documentation Click here
CSAS 1 Auditing Standard on Audit Engagement Download CSAS 1 Auditing Standard on Audit Engagement Click here
Many U.S. corporations elect to use a fiscal year end and not a calendar year end for federal income tax reporting purposes. Due to a provision in the TCJA, a corporation with a fiscal year that includes Jan. 1, 2018 will pay federal income tax using a blended tax rate (click here) and not the flat… Read More »
CIT(Appeals) cannot travel beyond the subject matter of the appeal, which in the present case is as to, whether fee u/s. 234E of the Act can be levied or not; and not the question, whether the return of TDS filed by the assessee is non est in law? We are, therefore, of the view that the… Read More »
Classification of any goods or services or both; determination of the liability to pay tax on any goods or services or both; How TDS will apply under GST on Work contract given by Municipal Corporation ? whether any particular thing done by the applicant with respect to any goods or services or both amounts to… Read More »
In the instant case, once the assessee is in receipt of PAN and has not deducted TDS, it has complied with the first statutory obligation cast upon him and the assessee cannot be penalized for non-deduction of TDS. The provisions of section 40(a)(ia) which are deeming fiction relating to non-deduction of TDS have to be… Read More »
GST Composition Scheme Withdrawal 1. What is meant by Compulsory Withdrawal from Composition Levy? A taxpayer can opt out of Composition levy in any of the two ways: Voluntarily opt out of Composition levy by filing Form GST CMP-02 on the GST Portal or Compulsorily removed out of Composition levy by the Tax Official at… Read More »