What action can the deputy commissioner of taxes take

Assignment Help Accounting Basics
Reference no: EM132783827

Question 1: Under which grounds, a notice under section 83(1) of ITO-1984 can be served? If the assessee does not comply with the notice served under section 83(1), what action can the Deputy Commissioner of Taxes take?

Question 2: How does tax evasion differ from tax avoidance?

Question 3: Providing best service to the clients adhering to the legal compliance should be the main objective of a tax practitioner. Justify the statement from the perspective of the Professional Code of Conduct.

Reference no: EM132783827

Questions Cloud

Describe- what would be the assessment procedure : Describe- what would be the assessment procedure in case of discontinued business? Do you find any exception in this assessment procedure?
What is the amount of minimum tax applicable for a mobile : Distinguish between the phrases "Source of Income" and "Head of Income". How can Double Taxation Avoidance Agreement benefit Bangladesh?
What do mean by gross receipts and minimum tax : Government expenditures and tax collection in a particular year. Briefly describe the main objectives that government considers in setting the tax policy.
Describe the ideology and how it was represented visually : The expansion of settlement westward across the continent in the 19th century was often justified using the ideology of Manifest Destiny.
What action can the deputy commissioner of taxes take : If the assessee does not comply with the notice served under section 83(1), what action can the Deputy Commissioner of Taxes take?
Explain what declaration of independence is : Why did the African leaders participate, along with Europeans, in the enslavement of other Africans in the Atlantic slave trade? What factors played a role in.
ACC3005 The Accounting Research Project Assignment : ACC3005 The Accounting Research Project Assignment Help and Solution, Australian Institute of Higher Education - Assessment Writing Service
Why transfer pricing important for multinational corporation : Briefly explain four reasons why transfer pricing is important for multinational corporations.
Explain the provisions relating to the carry forward : Briefly explain the provisions relating to the carry forward of business losses by an assessee that enjoys tax holiday U/S 46B of ITO 1984.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd