Accounting and Taxation issues of Micro Finance Institutions. WHAT IS MICRO FINANCE? ..
www.caclubindia.com/homepage/maheshkapasi MAHESH KAPASI E-Mail: maheshkapasi49@gmail.com Chartered Accountant ..
UNCERTAINTY OVER ROLLOUT OF GST Amit P. Yawalkar, Trainee, MRM ASSOCIATES Practicing Company Secretaries Student Company Secretary INTRODUCTION: Goods and service tax (GST) is a new tax regime which is going to restructure the laws of Ind ..
The power of assessement or reassessement of any income chargable to tax that have escaped assessement has been provided under secton 147 r w s 148 of Income Tax Act of 1961.If the assessing officer has the reason to believe that any income chargaba ..
SURVEY UNDER SECTION 133 A OF INCOME TAX ACT 1961 Survey in a wider sense means to scrutinize or to inspect. The power of survey under the Income tax Act has been provided U/S 133A and 133B. The provisions contained in section 133A are independent a ..
USE OF SECTION 144A OF INCOME TAX ACT 1961Assesements under Income Tax Act 1961 are made U/S 143, 144, 147, 153. The criterias for selection of cases for scrutiny has been increased. While making the assessement the assessing officer has to apperici ..
Rules of natural justice are important part of fundamental rights as enshirined in our constitution. Rules of natural justice means fair play in action i.e. to save the citizens from arbitrariness in administrative or quasi judicial action. Rules of ..
The VAT Department in Punjab has started issuing the notices for assessements for the year 2005-2006 under section 29 of Punjab Value Added Tax Act 2005 to the dealers across the state. The notices u/s 29 of PVAT Act 2005 can be issued within 3 year ..
Given the complexity involved in conceptualising and implementing the Goods and Services Tax (GST), it is becoming clearer by the day that the scheme cannot be introduced by April 1, 2010, as originally proposed. An overwhelming majority of States ha ..
Section 54F of the Income-tax Act, 1961 - Capital gains - Exemption of, in case of investment in residential house - Assessment year 1986-87 - Whether section 54F emphasizes construction of residential house and such construction must be real one and ..