How to Remove Auditor Under The Companies Act 2013?
Procedure to remove auditor is covered by the section 140 (1) read with Companies (Audit and Auditors ) Rules 2014, Here is what section 140 says The auditor appointed under…
Situations where Cash expenditure of INR 10000 and above would not be disallowed under Income Tax Act
With recent changes in budget, cash expenditure limit has been brought down from INR 20000 to INR 10000. However as per rule 6DD of Income Tax, for following transaction this…
Transitional Provisions under GST Part7 –Treatment of Tax Amount
There could be a situation where there is a dispute between the department and registered taxable person with regard to the amount Cenvat credit or Input Tax credit. In such…
Transitional Provisions under GST Part8 –Treatment of ServiceTax, Excise Duty and VAT Output Under Dispute
There could be a situation where there is a dispute between the department and registered taxable person with regard to the amount of Service Tax or Excise Duty or VAT…
Transitional Provisions under GST Part9 –When There is a Revision in Return After GST becomes effective
There could be a situation when a return filed by registered taxable person with regard to the Service Tax or Excise Duty or VAT undergoes revision. In such a scenario,…
Whether it is compulsory to charge service tax once service tax registration is taken
In service tax, there is exemption for small service providers, where one need not pay service tax if the aggregate turnover of taxable services does not cross INR l0 Lakhs.…
How to Get Income Tax Clearance Certificate
There are situations when it is mandatory to get income tax clearance certificate. For example when one leaves India permanently or when a non-resident who want to return back to his…
What Kind of Proof or Details an Employer should take from Employees while Deducting TDS?
In any company collecting, verifying and maintain the information for investment proof is a challenge. This can be only done if you have the clarity on the kind of information…
Union Budget 2017-Benefit of Loss of House Property Limited to INR 2Lacs
Till now, if you had let out the property, you could claim unlimited interest amount as loss and the same could be set-off against other sources of income. With recent…
How to Revise Financial Statement under Companies Act 2013
There will be times when directors of the company will be of the opinion that financial statement or report given by the board do not reflect true and fair view…