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Articles for Audited

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details
1 month, 2 weeks ago

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details

Live Mint  

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it's the last week left for taxpayers whose accounts are audited or …

Tax Income File Return Accounts Taxpayers Income Tax Return
Taxpayer Can't Be Penalised For Failure To Get Its Books Of Accounts Audited If There Exists Reasonable Cause For Such Failure: Jaipur ITAT
9 months, 1 week ago

Taxpayer Can't Be Penalised For Failure To Get Its Books Of Accounts Audited If There Exists Reasonable Cause For Such Failure: Jaipur ITAT

Live Law  

While allowing the appeal against the order passed u/s 271B of the Income tax Act, the Jaipur ITAT held that provision of section 273B gives power to the taxing authority not to impose the penalty if the assessee proves that there was a reasonable cause for failure to get the books of accounts audited and directed the AO to delete …

Penalty Income Cause Bench Accounts Itat Assessee
Massachusetts governor faults Steward Health Care system for its fiscal woes
9 months, 3 weeks ago

Massachusetts governor faults Steward Health Care system for its fiscal woes

Associated Press  

Maura Healey ripped into the financially embattled Steward Health Care system Monday, saying the company’s financial woes are of its own making and added that the state is still working toward what she called an orderly transition away from the company. The Democrat also said she’s demanded that Steward guarantee safe staffing levels, cooperate with monitors from the state Department …

Health Financial Care State Healey Steward Steward Health Care
Without Pointing Out Any Specific Defect In Audited Books Of Accounts AO Can't And Should Not Make Any Estimated Addition: ITAT
1 year ago

Without Pointing Out Any Specific Defect In Audited Books Of Accounts AO Can't And Should Not Make Any Estimated Addition: ITAT

Live Law  

The Delhi Bench of Income Tax Appellate Tribunal has held that without pointing out any specific defect in the audited books of accounts, the AO cannot and should not make any estimated addition.The bench of Kul Bharat and N. K. Billaiya has observed that the expenses claimed by the assessee were also test-checked, and while making the addition, the. The …

Books Itat Assessee Addition
Byju’s CFO Ajay Goel steps down, returns to Vedanta
1 year, 1 month ago

Byju’s CFO Ajay Goel steps down, returns to Vedanta

Live Mint  

Mumbai: Byju’s chief financial officer Ajay Goel, who was brought on board to improve the edtech’s financial compliance has quit in six months, in a jolt for the company that has attempted to streamline its finances. Golani was previously chief strategy officer at Aakash Education after playing a crucial role in Byju’s $1 billion acquisition of Aakash in 2021, the …

Statement Company Goel Vedanta Byju
Impossible For A Company To Get Its Accounts Audited On 31st March And Get The Approval In AGM On The Same Date: ITAT Upholds Addition
1 year, 11 months ago

Impossible For A Company To Get Its Accounts Audited On 31st March And Get The Approval In AGM On The Same Date: ITAT Upholds Addition

Live Law  

The Delhi Bench of the Income Tax Appellate Tribunal has held that it is impossible for a company to get its accounts audited on 31st March and present the same for approval in the Annual General Meeting on March 31st.The two-member bench of Kul Bharat and N.K. The Delhi Bench of the Income Tax Appellate Tribunal has held that it …

Company Shares Itat Assessee Its Accounts 31St March Member Bench
Assessing Officer Cannot Apply Wrong Method In Absence Of Audited Financials Of AE: Delhi ITAT
2 years, 7 months ago

Assessing Officer Cannot Apply Wrong Method In Absence Of Audited Financials Of AE: Delhi ITAT

Live Law  

The Delhi Bench of the Income Tax Appellate Tribunal consisting of Yogesh Kumar and Dr. B.R.R. Subsequently, a draft assessment order under section 143 read with section 144C of the Income Tax Act was passed, proposing Transfer Pricing Adjustment on the basis of TPO's order. An assessment order was passed under section 143 read with section 144C of the Income …

Tax Assessment Order Income Financials Tribunal Act
Jal Board did not provide accounts for audit, CAG informs Delhi HC
3 years ago

Jal Board did not provide accounts for audit, CAG informs Delhi HC

Hindustan Times  

The Comptroller and Auditor General informed the Delhi high court last month that the Delhi Jal Board did not provide its accounts for audit despite several written correspondences. “The office made several correspondences seeking accounts for audit from Delhi Jal Board and higher authorities of Delhi government. On making available the accounts of Delhi Jal Board, the answering respondent undertakes …

Delhi Board Audit Cag Accounts Djb Khurana
ITR Filing: Important deadlines for taxpayers
3 years, 11 months ago

ITR Filing: Important deadlines for taxpayers

India Today  

The government has extended the deadline to file an income tax return for individual taxpayers of the assessment year 2020-21 and from the previous deadline of December 31, 2020, to January 10, 2021. The deadline for filing ITR for the financial year 2019-20 by companies has also been extended by 15 days till February 15 from January 31. Important ITR …

Date Filing Itr Deadline Extended Itr Filing Whose Accounts
Column: 23,000 households reported income over $10 million last year. The IRS audited seven
4 years, 1 month ago

Column: 23,000 households reported income over $10 million last year. The IRS audited seven

LA Times  

Since we’ll be spending the next day or so pondering America as it is and as we wish it to be, let’s take a moment to contemplate how tax avoidance and evasion have become facts of life for some of the richest Americans. At the most fundamental level, as the U.S. population grew to 329 million last year from 251 …

General Tax Congress Billion Million Irs That Time
75% of Audited Toilets in Govt Schools Not Hygienically Maintained: CAG Report
4 years, 3 months ago

75% of Audited Toilets in Govt Schools Not Hygienically Maintained: CAG Report

News 18  

New Delhi: At least 75 per cent of government school toilets audited in 15 states by the Comptroller and Auditor General were not found to be hygienically maintained, according to a report tabled in Parliament on Wednesday. The CAG Audit examined the records pertaining to construction of toilets by these seven CPSEs and also conducted physical survey of a sample …

Schools Report Cent Cpses Separate Toilets Cag Audit Maintained Hygienically
BCA now eligible for Rs 125 crore from BCCI
4 years, 4 months ago

BCA now eligible for Rs 125 crore from BCCI

The Hindu  

The Baroda Cricket Association has conducted its 79th Annual General Meeting, in which the members approved the audited accounts for four financial years. “The Apex council resolved to hold on-line AGM and facilitated members to send vote by postal ballot. The strong resolve of BCA president Pranav Amin and the apex council gave a stunning victory for the newly elected …

Members Rs Bca