Learning from case of Shri Vishwas Udaysingh Lad –Return preparers must be more careful

Learning from case of Shri Vishwas Udaysingh Lad –Return preparers must be more careful https://www.taxtmi.com/article/detailed?id=6778 Non-disclosure of substantial fixed deposits and interest often reflects failures in PAN furnishing, KYC compliance, bank due diligence, or return preparation; section 206AA's higher TDS consequence makes PAN disclosure material, so return preparers must reconcile Form 26AS, verify TDS/TCS, and investigate deposit modes and beneficiary arrangements before concluding concealment, while banks' lapses in KYC/TDS warrant inquiry and potential action against officers. en-us Mon, 11 Apr 2016 10:05:26 +0530 Mon, 11 Apr 2016 10:05:26 +0530 TaxTMI RSS Generator Learning from case of Shri Vishwas Udaysingh Lad –Return preparers must be more careful https://www.taxtmi.com/article/detailed?id=6778 Non-disclosure of substantial fixed deposits and interest often reflects failures in PAN furnishing, KYC compliance, bank due diligence, or return preparation; section 206AA's higher TDS consequence makes PAN disclosure material, so return preparers must reconcile Form 26AS, verify TDS/TCS, and investigate deposit modes and beneficiary arrangements before concluding concealment, while banks' lapses in KYC/TDS warrant inquiry and potential action against officers. Articles Income Tax Mon, 11 Apr 2016 10:05:26 +0530 https://www.taxtmi.com/article/detailed?id=6778