News

As today is the last day for submitting tax audit report, the twitter is exploding with permanent extension of tax audit due date to 31st October. Various Tax Professional tweeted to ask for permanent extension of date.

Tax Audit Due Date should be Permanently Shifted to 31st October?

IT services firm Infosys Ltd announced that it had received a demand notice from the Commercial Taxes Department, specifically from the Assistant Commissioner (ST) of the Kelambakkam assessment circle in Chennai.

Infosys gets Rs.26.5 lakh IGST demand from Commercial Taxes Department

Articles

Individuals must verify certain aspects after completing an income tax audit to ensure the accuracy of the audit report.

Basic things to take care while doing Tax Audit

The Income Tax Department has issued an Advisory on Digital Signature Certificate(DSC).

Income Tax Department issued advisory on DSC

Notifications

The Central Board of Direct Taxes(CBDT) has notified new Form 6D for Inventory Valuation Reporting u/s 142(2A) of Income Tax Act, 1961 via issuing notification.

CBDT notified new Form 6D for Inventory Valuation Reporting u/s 142(2A)

Taking into account the suggestions received and detailed interactions with stakeholders, Rule 11UA for the valuation of shares for purposes of Section 56(2)(viib) of Act has been modified.

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Tax Audit Due Date should be Permanently Shifted to 31st October?

Infosys gets Rs.26.5 lakh IGST demand from Commercial Taxes Department

Basic things to take care while doing Tax Audit

Income Tax Department issued advisory on DSC

CBDT notified new Form 6D for Inventory Valuation Reporting u/s 142(2A)

CBDT notifies changes to Rule 11UA in respect of ANGEL TAX