Fw: TaxGuru : “Issues in Tax Audit under Income tax Act, 1961” plus 7 more

Issues in Tax Audit under Income tax Act, 1961 Posted: 03 Sep 2012 08:53 PM PDT 3CA & 3CB COMMON ISSUES 1. Statutory Auditors to separately disclose reliance on Branch Auditor 2. Branches out side India not Audited by Tax auditor [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Section 44AD – Provision for computing profits & gains of business on presumptive basis Posted: 03 Sep 2012 08:35 PM PDT Section 44AD of the Income Tax Act,1961 Reason for introducing new scheme for presumptive taxation - 1. There has been a substantial increase in small businesses with the growth of transport and communication and general growth of the economy. A large number of businesses and ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download E-Book on Analysis of Provisions of Section 194C Posted: 03 Sep 2012 08:30 PM PDT CA Agarwal Sanjay 'Voice of CA',     CA Vijay Kumar Gupta History- This section was introduced long back in 1972 and thereafter amended many times. The scope of the said provision has been explained vide circulars Nos. 86 dated May 29, 1972, 93 dated 26.9.1972, 558 dated 28.3.1990,681 dated... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] PPT on Cash Credit – Section 68 of Income Tax Act Posted: 03 Sep 2012 08:28 PM PDT Section 68 of the Act – substantive provisions (post amendment by Finance Act 2012) - Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Vat on furnishing cloth/fabrics items in Maharashtra Posted: 03 Sep 2012 07:24 PM PDT In the Budget for 2012-13, the Hon. Finance Minister has proposed levy of tax on furnishing cloth/fabrics at last point of sale. In connection with above, the Government of Maharashtra has issued Notifications dated 27.8.2012 imposing tax on various furnishing cloth/fabrics items. The short gist of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 3 year imprisionment to Former Additional Commissioner of Sales Tax In Disproportionate Assets Case Posted: 03 Sep 2012 11:56 AM PDT The Special Judge for CBI Cases, Saket, New Delhi has today sentenced Shri O.S.Chauhan, IAS(UT-1967), Former Additional Commissioner of Sales Tax, Government of NCT, Delhi to undergo three years Rigorous Imprisonment with fine of Rs. Five Lakh in a disproportionate assets case. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] CA students to attend GMCS twice during the period of articled training Posted: 03 Sep 2012 10:13 AM PDT This is to bring to your kind notice that the Council has decided that the General Management & Communication Skills (GMCS) Course, presently being organized for 15 days for the CA students shall be organized twice during the period of articled training as under: [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Penalties for Non Compliance with Appointment of Cost Auditor Posted: 02 Sep 2012 09:10 PM PDT The period of August and September is normally very busy for the accounting as the finalisation of accounts is done by maximum companies in this period only. As the Finance heads are busy with the finalisations of the books of accounts, they may skip some of the important notifications which may...