Garg Atul and Associates

08/12/2020

ਅਸੀ ਕਿਸਾਨ ਵੀਰਾਂ ਨਾਲ ਇਸ ਸੰਘਰਸ਼ ਦੇ ਹੱਕ ਵਿਚ ਹਾਂ ਅਤੇ ਭਾਰਤ ਬੰਦ ਹੋਣ ਦਾ ਪੂਰਾ ਸਮਰਥਣ ਕਰਦੇ ਹਾਂ ਅੱਜ 8 ਦਸੰਬਰ 2020 ਨੂੰ Garg Atul and Associates ਦਾ ਦਫ਼ਤਰ ਬੰਦ ਰਹੇਗਾ।

30/09/2020

10/03/2014

Helo frnds

I want to discuss one thing

Is it not better if tax audits are allot by income tax department to CA. Due to this every CA will get tax audits and the independence of a CA will also increase because there will b no fear to loose a client as it is directly alloted by income tax department also we have no need to compromise on audit fees.

Now the time there are many Advocates who accept tax audit even though they are not authorized to do tax audits and then got signed this from fresher CAs at a very low fees. If income tax department allot tax audit to CA then this will help to stop this type practice also.

If all CA are agree with me then plz give ur comments.

01/02/2014

“ PAN Card Notification ignores Practical
issues in Implementation” :
CBDT again played hide and seek game
with the tax payers like the one it played
in Sep-Oct 2013 with regard to extension
of due date for filling of ITR and TARs.
CBDT has issued two notifications,
First on 23rd Dec 2013 requiring
addittional proof of Date of Birth along
with Proof of Identity (POI) and Proof of
Address (POA).
Second Notification was issued on 16th
January notifying revised procedure which
required self attested documents and TIN_
FCs and PAN Centers to verify those
documents from originals.
With press release dated 30.01.2014 it
has kept in abeyance the second
notification i.e. Documents are no more
required to be self attested or originals
required to be presented before TIN_Fcs,
PAN Centers, but the operation of First
Notification has not been stayed, put on
hold, meaning thereby from 03rd February
each applicant has to produce proof of
DOB alongwith POI and POA.

01/02/2014

Download TDS Certificates from TRACES
within Due date:
There are many Deductors who have filed
TDS Statements for different quarters but
not yet downloaded TDS Certificates
(Forms 16/ 16A) from TRACES portal
should download the same immediately to
avoid Penalty.
Downloading of TDS Certificates from
TRACES made mandatory: In this regard,
your attention is invited to the CBDT
circulars 04/2013 dated 17.04.2013,
CBDT Circular No. 03/2011 dated
13-5-2011 and CBDT Circular No.
01/2012 dated 9-4-2012 on the Issuance
of certificate for Tax Deducted at Source
in Form 16/16A as per IT Rules 1962. It
is now mandatory for all deductors to
issue TDS certificates after generating and
downloading the same from Traces.
Certificate of tax deducted at source is to
be furnished within fifteen (15) days from
the due date for furnishing the statement
of tax deducted at source. Failure to
comply with the provisions of the Act will
attract penalty under the provisions of
section 272.
Now, calls are being made by the
department to the deductors who have not
downloaded the tds certificatse from
traces. So, please be cautious.

23/01/2014

As per amended sec 199, once TDS is
deducted, credit to be given to
assessee, irrespective of year to which
it relates. [Sadbhav Engg Ltd Vs DCIT.
ITAT Ahmedabad].