The Government of Tamilnadu has launched a new portal for providing e-services relating to registration & filing in respect of TNVAT. The New portal can be accessed at http://ctd.tn.gov.in The Salient features of this e-C Tax intiative of Tamilnadu Government are :- 1) New Dealer Registration and the modification of [...]
DEALING WITH INCOME TAX NOTICES A majority of the notices is sent in the normal course of processing returns & might be for routine enquiry or a request for simple clarification, so don’t be panic. [...]
CBDT vide order u/s 119 dated 24/10/2013 has directed that in cases where the ‘due date’ of audit and corresponding income-tax returns was 30th September, 2013 and where the same are furnished electronically on or before 31st October, 2013, such reports of audit and returns of income shall be deemed [...]
The surge in the number of e-filers on 31 July, the last day for filing income tax returns, overloaded the system and forced the government to extend the deadline to 5 August. This last-minute rush has become a regular feature in the past few years. The system gets overloaded because a large [...]
For investors, it’s a new place in an annual report where they can find clues to financial risks facing a company that are currently under the radar but could snowball into something big. For auditors, it’s a way to insulate themselves from a future backlash, even censure, on the quality [...]
CHENNAI: The fall of the rupee against the dollar may lead to the NRI community in the MiddleEast investing more on properties in India, says international realty consultant Jones Lang LaSalle (JLL). The results are already being felt in the Chennai market. At a recent property exhibition in Dubai, a youth from Coimbatore [...]