Liabilities of an auditor under the Companies Act

Liabilities of an auditor under the...

The Companies Act, 1956 provides that the balance sheet and profit and loss account of a company should truly state all the affairs of the company til...

Can a Tribunal stay a proceeding beyond a period of 365 days as prescribed in the Act?

Can a Tribunal stay a proceeding be...

The Hon’ble Delhi High Court in the case of Pepsi Foods Private Limited vs. ACIT, W.P. (C) 1334/2015, and W.P. (C) 4280/2014 by a judgment dated 19.05...

No addition of income based on a statement recorded during a survey

No addition of income based on a st...

The ITAT Kolkata on 06.05.2015 has held that no addition of income can be allowed based on a statement recorded under the provisions of section 133 of...

In an arrangement made between the family members being Directors of the company the difference in rate cannot be considered for the levy of capital gains tax

In an arrangement made between the ...

The Income Tax Appellate Tribunal, Hyderabad 'B' Bench, Hyderabad has recently held that in an arrangement made between the family members being Direc...

INCOME TAX ARTICLES

Liabilities of an auditor under the Companies Act

Liabilities of an auditor under the Companies Act

The Companies Act, 1956 provides that the balance sheet and profit and loss account of a company should truly state all the affairs of the c...

INSURANCE UPDATES

article-2508893-19792B9E00000578-832_634x421

Highhandedness of the Income Tax and Excise Officers

The curse of the Indian government establishment is that power is in the hands of people with low se...

SERVICE TAX UPDATES

Calculator-Balance-Sheet-Numbers

On-Line Tax Accounting System Correction Scope and Procedure

The On-Line Tax Accounting System (OLTAS) was introduced in April 2004, for the accounting and reporting of receipts and payments of the Dir...

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