AUDIT UNDER CGST ACT, 2017

24 November 2018

AUDIT UNDER CGST ACT, 2017 According to Section 2(13) of the CGST Act, 2017 “Audit” means the examination of records, returns and other documents maintained or furnished by the registered person under the GST Acts or the rules made there under or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess his compliance with the provisions of the GST Acts or the rules made thereunder. Three...

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Scope of Total Income – Section 5(2) of Income Tax Act

24 November 2018

SALARY TO NON RESIDENT DIRECTOR TAXABILITY OF SALARY PAID TO NON RESIDENT Scope of Total Income - Section 5(2) of Income Tax Act Subject to the provisions of this Act, the total income of any previous year of a person who is a non-resident includes all income from whatever source derived which- (a) is received or is deemed to be received in India in such year by or on behalf of such person ; or (b) accrues or arises or is deemed to accrue or arise to him in India during such year. Explanation 1....

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