Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TDS :: list of goods taxed at 4% :: form 3cd :: VAT RATES :: due date for vat payment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

DTBA holds seminar on new audit tax report filing norms
September, 08th 2014

The District Taxation Bar Association (direct taxes) organised a seminar to discuss new tax audit report and service tax norms at ICAI Bhawan under the guidance of president Anoop Jain and secretary Sanjeev Bhandari on Sunday.

Advertisement
On this occasion, chartered accountant (CA) PC Goyal said that new tax audit report filing necessitated that taxpayer had to disclose the physical location of the books of accounts, and if he/she had sold the land and building less than the stamp, duty then that had also to be brought to the notice of the department.

CA Vishal Garg said, "According to clause 4 of the tax audit filing norms, if the taxpayer has any debtors, pending VAT or any indirect taxes information has to be disclosed."

The recent changes made in the tax audit filing report did not go down well with many taxpayers. According to them the move by the CBDT not only lengthens the process of filing audit report, but is also very complex to understand. It is pertinent to mention here that the columns for service tax registration number, VAT number, TDS account number and default details are some of the new columns among the 12 new columns that were recently introduced by the CBDT as part of the recent amendments to streamline and make the tax filing procedures more transparent.

Bhandari said, "The responsibility of the tax auditor has increased manifold now, the IT department through audit will be scrutinising information pertaining to direct/indirect taxes."

Jain recommended all members to maintain an independent tax audit report. CA Susheel Bakhoo, advocate Hari Om Arora and CA Vikash Sharma were also present among the other members of the association.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions