Taxation

As per a new circular by CBDT on 14th August 2019, the body has decided that it will not do any kind of communications from 1st October 2019, in case......

Finance Minister Nirmala Sitharaman presented her first Union Budget on 5th July 2019 and added new Section 194N in the present Income Tax Act, 1961. The U...

The Shareholder is the one who invests in the Company by purchasing the shares from the open market or through the transfer of shares. The Company in retur...

There are various queries in the mind of taxpayers ever since the new ITR forms came into effect for the financial year 2018-2019[1] and assessment year 20...

There is a considerable pendency of litigation appeals of the Income Tax Department pending before tribunal authorities. The CBDT (Central Board of Direct...

Income tax Return is a form through which an individual informs the Government about his Annual Income earned and applicable tax paid to the Government by...

The nonresident taxpayers are allowed ITR exemption on IFSC investments as per the notification issued by the Central Board of Direct Taxes (CBDT). The non...

A new section 194M is inserted in the Finance Bill 2019 in the Union Budget 2019 to avoid tax evasion. This section has been inserted in case of transactio...

In a recent notification, the Deadline for ITR Filing has been extended to August 31st, 2019 from the due date of July 31st, 2019. The ITR filing date has...

The Income Tax collection system can be traced back to be continuing from the period of ancient civilizations. Interestingly, the history of  Income t...

Cost Audit is the process for verifying the cost allocation of each product or Services comprising of labor cost, manufacturing cost or any other item of c...

Internal Audit is an Independent function carried out by the Internal auditor which involves the risk management, continuous monitoring, accounting, Corpor...