The Union Budget 2019 proposed the introduction of a scheme of faceless e-assessment. The purpose of the proposed scheme was to eliminate the human interface between the taxpayer and the income tax department.
Read MorePrior to the issuance of the revised guidelines the compounding fees for compounding an offence u/s 276CC was calculated @ 2% per month on the net tax payable from the due date of the return till the completion of the assessment.
Read MoreOutsourcing is the practice of using outside agencies to handle work normally performed in-house. The outsourced tasks are usually mundane and/or repetitive functions which can be easily carved out.
Read MoreCongress enacted the U.S. Foreign Corrupt Practices Act (FCPA or the Act) in 1977 in response to revelations of widespread bribery of foreign officials by U.S. companies.
Read More276CC. If a person willfully fails to furnish in due time the return of fringe benefits which he is required to furnish under sub-section (1) of section 115WD or by notice given under sub-section (2) of the said section or section 115WH or the return of income which he is required to furnish under sub-section
Read More28th March, 2023
By: Mr. Prasanna Ravikant Bhat
7th February, 2023
Certificate in Form 10BE for Claiming Deduction u/s 80G
By: Mr. Prasanna Ravikant Bhat
27th May, 2022
Profession tax enrollment and registration - Applicability in Maharashtra State
By: Mr. Prasanna Ravikant Bhat
19th March, 2021
Foreign Contribution (Regulation) Amendment Act, 2020 ("FCRA 2020")
16th December, 2020
Using file systems to enhance performance of Income Tax Business Application (ITBA)
17th December, 2019
Income Tax Compounding Fees - 276CC Offences - Nonfiling of returns
13th November, 2019
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