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: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: cpt :: VAT Audit :: TDS :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd :: ACCOUNTING STANDARDS :: list of goods taxed at 4%
 
 
News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

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 2017 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