Offences and Prosecutions under the Income Tax Act Must read – lakhs: 6 months to 7 years (+) fine Other cases: 3 months to 2 years (+) fine Note: If return of income under section 139(1) is furnished before expiry of the assessment year or the tax payable by him on the total income determined on regular assessment reduced by advance tax and TDS does not exceed ` 3000 – No prosecution....
While it is true that the degree of depth in application of SAs to various sizes of clients will vary materially, it is necessary that the auditor must have on its records an evidence that he has carried the audit as per the applicable SAs. Finally the term “Audit” means the auditor has applied certain approved procedure to arrive at the conclusion. These procedures are nothing but SAs. In order to facilitate easy application of these standards, every audit file must contain the list of these SAs and remarks of signatory against each whether the standard is applied....
There was also a time when he was one of the most frequently traded NBA stars. He is a retired basketball player. When everything is done and dusted, he can be considered a very successful player. As a matter of fact, he is one of the 30 top-earning NBA players of all time. His career spanned over 20 years. Also, check Doc Rivers Net Worth. Paul Pierce Net worth The world’s best American former professional basketball player “Paul Pierce” has a net worth of $200 Million....
He has received a positive response from the audience. He has also collaborated with various music artists and appeared in songs. He made his first appearance in the music “Featuring Phat Kat” in the year 2001 and this was released under the album “ Welcome 2 Detroit”. He is also known in the music industry for collaborating with J Dilla. It has helped him to get good opportunities in his career as a rapper....
He has also represented England National Team on many occasions and has done very well. Foden is a midfielder, although he plays various positions, including the wings, too. He has scored 31 goals with Manchester City, in his 114 senior appearances. Apart from that, he has scored 3 goals with the England Senior team. He won the FIFA U17 world cup in 2017 and has been the runner-up in the 2020 Euro Cup....
Homebuyers can claim refund against Jaypee Infratech HIGHLIGHTS The National Company Law Tribunal appointed an insolvency professional on Thursday 10th August, 2017 for Jaypee Infratech.The company has a total debt of around Rs 8,000 croreAmong Jaypee’s pending projects is the 800-acre Wish Town in Noida Sector 128, which has 32,000 apartments.The creditors of Jaypee Infratech Ltd have been called upon to submit a proof of their claims on or before 24th August 2017 to the Interim Resolution Professional....
One of the most important features of the GST system is that the entire supply chain would be subject to GST to be levied by Central and State Government concurrently. As the tax charged by the Central or the State Governments would be part of the same tax regime, credit of tax paid at every stage would be available as set-off for payment of tax at every subsequent stage. Let us understand how to reply for “Receiving Intimation of ITC Blocked by Tax Official”...
Reimbursements under GST Relevant portion of the Act and the Rules are reproduced for ready reference and important words or phrases are highlighted 33. Value of supply of services in case of pure agent Notwithstanding anything contained in the provisions of this Chapter, the expenditure or costs incurred by a supplier as a pure agent of the recipient of supply shall be excluded from the value of supply, if all the following conditions are satisfied, namely, (i) the supplier acts as a pure agent of the recipient of the supply, when he makes the payment to the third party on authorisation by such recipient; (ii) the payment made by the pure agent on behalf of the recipient of supply has been separately indicated in the invoice issued by the pure agent to the recipient of service; and (iii) the supplies procured by the pure agent from the third party as a pure agent of the recipient of supply are in addition to the services he supplies on his own account....
He wanted to get rid of travel agents. So that flights can be booked directly. He came up with the idea of Expedia while he was working at Microsoft itself. He left Microsoft to start his own company, Expedia. Expedia became successful In the first year itself. He found another organization called glass door. He was not done with founding a multibillion-dollar Corporation. He went for his third one when he founded the company zillow....
Sam was also a phenomenal football player in his school and college days. He also aspired to be a Footballer, which later never happened. Hunt got his first breakthrough with songwriting, as he wrote several songs for some of the biggest names. Also check Matthew Lawrence Net Worth and 6ix9ine Net Worth. Sam Hunt first came into the limelight after writing the song named Come Over, by Kenny Chesney. It became a massive hit, and he also won several awards....
Sarah Hyland Net Worth Sarah Hyland Salary Before joining the Modern Family Cast, Sarah Hyland has earned a salary of $25,000 per episode. For the movies she starred in during this period, Sarah Hyland’s salary was $460,000. However, Sarah Hyland’s life and wealth changed overnight due to her role in Modern Family. Checkout Ty Burrell Net Worth . During the first season of Modern Family, Sarah Hyland was paid $30,000 salary per episode....
Section 127 of GST – Power to impose penalty in certain cases Statutory provision Where the proper officer is of the view that a person is liable to a penalty and the same is not covered under any proceeding under sections 62, or section 63 or section 64 or section 73 or section 74 or section 129 or section 130, he may issue an order levying such penalty after giving a reasonable opportunity of being heard to such person....
Section 13 of IGST – Place of supply of services where location of supplier or location of recipient is outside India (1) The provisions of this section shall apply to determine the place of supply of services where the location of the supplier of services or the location of the recipient of services is outside India. (2) The place of supply of services except the services specified in sub-sections (3) to (13) shall be the location of the recipient of services: Provided that where the location of the recipient of services is not available in the ordinary course of business, the place of supply shall be the location of the supplier of services....
Section 138 of GST – Compounding of offences Statutory provision (1) Any offence under this Act may, either before or after the institution of prosecution, be compounded by the Commissioner on payment, by the person accused of the offence, to the Central Government or the State Government, as the case be, of such compounding amount in such manner as may be prescribed:Provided that nothing contained in this section shall apply to—...
Section 139 of GST – Migration of existing taxpayers Statutory provision (1) On and from the appointed day, every person registered under any of the existing laws and having a valid Permanent Account Number shall be issued a certificate of registration on provisional basis, subject to such conditions and in such form and manner as may be prescribed, which unless replaced by a final certificate of registration under sub- section (2), shall be liable to be cancelled if the conditions so prescribed are not complied with....
Section 8 of GST – Tax liability on composite and mixed supplies The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:— (a) a composite supply comprising two or more supplies, one of which is a principal supply, shall be treated as a supply of such principal supply; and (b) a mixed supply comprising two or more supplies shall be treated as a supply of that particular supply which attracts the highest rate of tax....
He released his debut single in the years of 1999 called “Pizza”. It has received good responses from the audience. He has been working in music for a long period of time. Shaun has given various DJ performances in his career. He has also gained popularity from the song called “Bakerman” which reached the German dance charts at number one place and the German sales charts at 39 positions. In 2007, he released the single “V....
He came up with the name, Stone Cold, Steve Austin gives credit for that name to his then-wife. Debra. His then-wife came up with that name. He was a smash hit from the start. He started his new career in WWE as a heel But very soon, he became Babyface. He was the foremost baby face of WWE for almost seven years. He has moved more merchandise from WWE than anybody else....
Google is currently being managed by Sundar Pichai. Not only this, but he is also the CEO of Alphabet along with Google. Sundar Pichai has shared the breakfast routine. They believe that breakfast only gives them the energy to start the day. The man who has been an integral part of such an amazing creation is Mr. Sundar Pichai, he is the chief executive officer (CEO) of Google Inc. He is the mastermind behind every question we ask Google or the search we look out for on Google....
According to sources, as of 2023, his annual income is $500,000. Their primary source of income comes from his boxing career, brand promotions, and collaborations. In this article, we will give all the details about Teofimo Lopez’s net worth, income, career, personal life, etc. Also, check AJ Galante Net Worth. Teofimo Lopez Net Worth Teofimo Andres Lopez Rivera aka Teofimo Lopez’s net worth is approximated to be around $5 million....
