Chartered Accountant in chennai

Chartered accountant in chennai

Statutory Obligations for the month of December 2013

The following are the Various Statutory Obligations for the month of December 2013. Payment of Advance Tax The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2014-15 is 15th December 2013. Click here to make Advance Tax Payment online. Click here to download Challan for

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CBDT Technically Extends last date for tax audit to 31st October 2013

The Central Board of Direct Taxes (CBDT) has extended the due date of filing of Audit Report & Income-tax returns where the same where required to be filed on or before 30th September 2013 to 31st October 2013. In its order under Section 119 of the Income-tax Act, 1961  (Order No F.No.225/117/2013/ITA.II dtd 24th October

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Draft Safe Harbour Rules notified

The Central Board of Direct Taxes has notified the much awaited “Safe Harbour Rules” which are applicable in case of  transactions entered into associate enterprises in respect of which Transfer Pricing regulations apply. The draft rules as notified is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/08/14082013_DraftSafe_14082013.pdf”] Courtesy :- www.incometaxindia.gov.in  

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Procedure and Criteria for Selection of Scrutiny of IT Cases for the year 2013-14

The Central Board of Direct taxes (CBDT) has prescribed the procedure and criteria for selection of scrutiny cases  under compulsory manual during the financial year 2013-2014 . The guideline prescribed by the Income-tax department is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/08/07082013_Scrutiny_Cases_06082013.pdf” save=”1″] Courtesy :- www.incometaxindia.gov.in

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E-filing of Audit Reports now made mandatory from A.Y.2013-14.

The Income-tax department has issued a new notification which requires the following Audit Reports to be filed electronically from A.Y.2013-14 (F.Y.2012-13) onwards. These audit reports needs to be filed electronically with the Digital Signature of the Chartered Accountant who has signed the report. As per this notification 42/2013 dtd 11/06/2013, the following reports are required

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