Central
Board of Direct Taxes ‘CBDT’ has recently withdrawn the old format of Form 3CD (i.e.
Annexure of Tax Audit report under section 44AB of the Income tax Act 1961) and
introduced new Format in which some changes have been incorporated. Here I have
made an effort to enlist the changes which have to be additionally reported
while preparing the Tax Audit Report:
Change in new Form 3CD of Tax Audit report under Section 44AB
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Due date for filing Tax audit report U/S 44AB Extended
CBDT extended
due date for furnishing Tax Audit report u/s 44AB of the Income Tax Act,
1961 for AY 2014-15 from 30.09.2014 to 30.11.2014 in case of assessees
who are not required to furnish report under section 92E of the Act
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No CENVAT Credit for Invoice if old for more than Six months
As per amended rule 4 of the CENVAT Credit Rules , 2004, now manufacturer of a final product or provider of output service need to take cenvat credit within SIX months from the date of issue of any documents as specified in sub rule (1) of rule 9 of the CENVAT Credit Rules.
As per Rule 9(1) of the CENVAT credit rules , following documents are eligible to take cenvat credit:-
As per Rule 9(1) of the CENVAT credit rules , following documents are eligible to take cenvat credit:-
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Extension of due date of filing Return -Delhi VAT
Due date of Filing quarterly return has been further extended up to 19th August 2014 from 8th August 2014 for the quarter ending on 30th June 2014.
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F’ Form requirement – Jobwork and goods Returned
The presumptions in law have very vital role and
legislature has power to presume certain things under certain circumstances.
Section 6-A of the Central Sales Tax Act,1956 is
exercise of such power by the Parliament of India.
The section was inserted in Central Sales Tax Act
by CST (Amendment Act) 1972 with the following
object
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