The Central Board of Direct Taxes (CBDT) has proposed to introduce a new rule asking companies with annual income of Rs1 crore and professionals with Rs50 lakh income per year to report estimates of current income, tax payments and advance tax liability on a voluntary basis.
Shalu Kedia, Nangia & Co LLP shares her views for aforementioned story for following publications:
- Financial Express- Stand alone story
- Indian Express- Stand alone story
- Hindu Business Line
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Auditors will now have to disclose details of transactions exceeding Rs 20,000 in connection with immovable property in reports which they file with the I-T authorities on behalf of their clients.
Shalu Kedia, Nangia & Co LLP shares her views on Auditors’ report to I-T should have property dealing details for Economic Times.
Restrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business correspondents appointed by banks and issuers of prepaid instruments, the revenue department has said.
- Shailesh Kumar, Director shares his views on aforementioned story for PTI.
(This news has been picked up by 345 other news puclication like Economic Times, Business Standard, Financial Express, Hindu Business Line, Indian Express etc.)
- Shalu Kedia shares her views on Tax audit form revised, new disclosures mandated for Hindu Business Line.