What if you don’t file the income tax return before Due Date?
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What if you don’t file the income tax return before Due Date? Finally, the Government has decided not to extend…
Month: December 2021
Medical Store run by Charitable Trust would require GST Registration, and that Medical Store providing medicines even if supplied at lower rate would amount to supply of goods.
Medical Store run by Charitable Trust would require GST Registration, and that Medical Store providing medicines even if supplied at…
Monitoring fee paid to foreign bank is liable for TDS U/s 195?
Monitoring fee paid to foreign bank is liable for TDS U/s 195? Short Overview Monitoring fees paid by assessee to…
GST on service supplied by restaurants through e-commerce operators: Confusion and Clarification
GST on service supplied by restaurants through e-commerce operators: Confusion and Clarification CBIC-190354/207/2021-TRU Section-CBEC Government of India Ministry…
Capital gain exemption could not be denied to the assessee for the reason that the sale deed has not been executed by the builder
Capital gain exemption could not be denied to the assessee for the reason that the sale deed has not been…
New IGST rates on Goods notifies w.e.f. 01/01/2021 by CBIC
New IGST rates on Goods notifies w.e.f. 01/01/2021 by CBIC Recently, the CBIC notifies changes in IGST Rate…
Revised faceless CIT Appeal Scheme notified- Opportunity of Video Conferencing provided
Revised faceless CIT Appeal Scheme notified- Opportunity of Video Conferencing provided CBDT has notified the revised faceless appeal scheme. Now,…
Income Tax Search and Seizure: Controversy in computing the period of limitation to frame search assessments
Income Tax Search and Seizure: Controversy in computing the period of limitation to frame search assessments Introduction:- The period…
Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL and MGT-7/MGT-7A
Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL and MGT-7/MGT-7A General Circular No. 22/2021…
Amendment in the list of exempt goods w e f 01.01.2022 notified by CBIC
Amendment in the list of exempt goods w e f 01.01.2022 notified by CBIC CBIC has recently notified amendment…
Income Tax Raids on two prominent groups of Raipur and Korba: Unaccounted transactions of more than Rs. 200 crore found
Income Tax Raids on two prominent groups of Raipur and Korba: Unaccounted transactions of more than Rs. 200 crore found …
An Overview of the 10 Recent Changes in GST
An Overview of the 10 Recent Changes in GST The Due date for furnishing annual return in FORM GSTR-9 &…
Due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022 vide Notification No. 40/2021 – Central Tax | Dated: 29th December, 2021.
Due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year…
Loan acceptance and repayment through journal entries & penalty provision u/s 271D
Loan acceptance and repayment through journal entries & penalty provision u/s 271D Section 271D provides for levy…
Income Tax Raids in Nandurbar & Dhule in Maharasthra reveals claim of non-genuine sub-contract expenses, undisclosed income of Rs. 150 Cr
Income Tax Raids in Nandurbar & Dhule in Maharasthra reveals claim of non-genuine sub-contract expenses, undisclosed income of Rs. 150 Cr…
Income Tax Raids in Rajasthan reveals undisclosed income of Rs. 150 Cr
Income Tax Raids in Rajasthan reveals undisclosed income of Rs. 150 Cr The Income Tax Department carried out search…
Re-opening of assessment is valid if cash payments over Rs. 20,000/- made by assessee escape scrutiny u/s 40A
Re-opening of assessment is valid if cash payments over Rs. 20,000/- made by assessee escape scrutiny u/s 40A Here…
Extension of date for verification of all income tax returns e-filed for the Assessment Year 2020-21
Extension of date for verification of all income tax returns e-filed for the Assessment Year 2020-21 Verification can be done…
