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Income Tax
Format of Statutory Auditors Report for FY – 2020-21
INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF ABC
PRIVATE LIMITED
Report on the Audit of the Financial
Statements
Opinion:
We have audited the accompanying Financial Statements
of ABC PRIVATE LIMITED (“the Company”), which comprises the Balance Sheet as
at March 31, 2021,...
Income Tax
CBDT extends various due dates to provide relief to taxpayers in view of COVID – 19: [Circular No. 9 of 2021 in F. No....
In view of the adverse circumstances arising due to the severe Covid-19 pandemic, the CBDT in exercise of its power under section 119 of the Income Tax Act, 1961 provided relaxation in respect of...
Income Tax
Re-Registration of Trusts / Institutions [Notification No. 19/2021 dated 26.03.2021] :
The
CBDT (Central Board of Direct Tax) has issued Notification No. 19/2021 dated 26th
March, 2021 prescribing the procedure for Registration including re-approval /
revalidation of existing Tax Exemption Registrations of Trust or Institutions.
All the existing Trusts...
Income Tax
Non-Applicability of ICDS III to Real Estate Developers:
In this article we will discuss the non-applicability of ICDS III to Real Estate Developers and the Real Estate Developers are not required to follow the Percentage Completion Method.
Relevant portion of ICDS
III is reproduced...
Income Tax
What is TDS on Dividend Income and Its Impacts on Shareholders?
In the earlier tax regime, after corporate tax of 25% to 30% (effectively 33.99% including surcharge and cess), the Company was also liable to pay Dividend Distribution Tax (commonly known as DDT) to the...
Income Tax
Return filing is not easy anymore!
The government has made many changes in Income Tax Returns and reporting of various details are made compulsory since last two years. Also the government wants to link all the details such as bank...
Top News
Instant PAN through Aadhaar based e-KYC
General Scheme of PAN Allotment:
A new facility of instant e-PAN through Aadhaar based e-KYC has been introduced by the Honourable FM in Budget 2020.
Electronically issued and Digitally signed e-PAN is now a valid mode...
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