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Tax Audit Meaning

The provision of section 44AB relates to the taxpayers who are required to get their accounts audited from a chartered accountant. The main purpose of audit under section 44AB is to check for the compliance of various provisions of the Income-tax Law and the fulfillment of various requirements contained in the Income-tax Law. The audit of the account which [...]

Tax Audit Meaning 2018-10-15T11:27:50+00:00

Cabinet approves increasing of Government ownership in Goods and Services Tax Network and change in the existing structure with transitional plan

The Goods and Services Tax Network formed on March 28th, 2013 as a Private Limited Company with 49% Control of Government is jointly shared by Central Government and State Governments of all states. Balance 51% of equity is held by the Non-Government Financial Institutions. The Company was formed with an objective of setting up and providing [...]

Cabinet approves increasing of Government ownership in Goods and Services Tax Network and change in the existing structure with transitional plan 2018-10-13T12:26:17+00:00

Removal of name of the company by ROC

The provision of removal of the name of a company has been contained in section 248 to 252 of companies act 2013. the procedure of the same has been discussed below:- Removed by ROC The ROC may strike off the name of the Company from the register of companies if there are logical cause to believe [...]

Removal of name of the company by ROC 2018-10-12T12:23:04+00:00

Date of filing GST TRAN-1 extended to Jan. 31, 2019 for taxpayers who could not file it due to technical reasons

There is a good news for the taxpayers who need to file the form GST TRAN-1 but failed to file the same due to the technical reasons and for their cases, the recommendations have been made by the GST Council. In order to understand the same, we should first understand what form GST TRAN-1 is and [...]

Date of filing GST TRAN-1 extended to Jan. 31, 2019 for taxpayers who could not file it due to technical reasons 2018-10-11T12:29:41+00:00