Question
The Reserve Bank of India has authorized private sector
lender ______to collect direct and indirect taxes on behalf of CBDT and CBIC on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance.Solution
The Reserve Bank of India has authorised private sector lender Karnataka Bank to collect direct and indirect taxes on behalf of CBDT and CBIC. This has been done on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance. The (ICEGATE) portal of the Central Board for Indirect Taxes and Customs (CBIC) provides e-filing services to the trade, cargo carriers and other trading partners electronically.
Financial statements of a company should be prepared as per ________ and they should give true and fair view.
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