DGGI’s Meerut Zonal Unit detected case of short payment of GST of Rs. 180 crores on composite supply of Works Contract Services where the taxable value was not shown correctly: CBIC Chairman
If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it may tantamount to the auditor making a deliberately false declaration in his report and the consequences for the auditor could be very serious indeed: NFRA
Supreme Court recalled the suo-moto limitation period order for filing of cases in view of the COVID second wave
Provisions of section 40(a)(ia) are attracted only if expenses are claimed in profit and loss account and not when the same are capitalized
Taxation of Income Surrendered in survey & relevant Head of income applicable to such surrendered income