Filing options for Updated Return Activate at the Income Tax Portal
Filing options for Updated Return Activate at the Income Tax Portal E-filing of Updated ITR u/s 139(8A) has been…
Month: June 2022
No penalty u/s 43 of Black Money Act (BMA) for non-disclosure of foreign asset in ITR, if source was explained & assessee’s conduct was bonafide
No penalty u/s 43 of Black Money Act (BMA) for non-disclosure of foreign asset in ITR, if source was explained…
Interest payment to related parties @ 18% and AO allowing only 12%: Validity of the disallowance of 6%
Interest payment to related parties @ 18% and AO allowing only 12%: Validity of the disallowance of 6% Disallowance of…
AO has no right to treat Trust’s registration granted by Commissioner (Exemption) as invalid to deny exemption: ITAT
AO has no right to treat Trust’s registration granted by Commissioner (Exemption) as invalid to deny exemption: ITAT There are…
12% GST leviable on sub-contractor for construction of roads on behalf of main contractor: AAR
12% GST leviable on sub-contractor for construction of roads on behalf of main contractor: AAR Whether Clause (iv) of Sl.…
Interest to be charged in case of tax not paid before due date and not for late filing of GSTR-3B: Jharkhand HC
Interest to be charged in case of tax not paid before due date and not for late filing of GSTR-3B:…
Payment through Agent and validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit
Payment through Agent and validity of disallowance u/s 40A(3) in respect of cash payments made over the statutory limit Section…
Reassessment initiated merely on basis of an audit objection not valid: HC
Reassessment initiated merely on basis of an audit objection not valid: HC There are a lot of taxpayers who have…
Estate & Succession Planning through Wills, Private Trusts & Nomination (I)
Estate & Succession Planning through Wills, Private Trusts & Nomination (I) Wealth is built to be enjoyed and passed on…
GST on Sale of plots: Land sold after subdividing land into smaller plots & adding amenities will not amount to supply and not liable for GST
GST on Sale of plots: Land sold after subdividing land into smaller plots & adding amenities will not amount to…
TDS credit should not be denied merely due to wrong entry of PAN number: ITAT
TDS credit should not be denied merely due to wrong entry of PAN number: ITAT Kolkata ITAT has recently…
NFRA faults IL&FS statutory auditor for deficiencies in IL&FS statutory audit
NFRA faults IL&FS statutory auditor for deficiencies in IL&FS statutory audit 1. In its 390-page audit quality review…
Trust for the benefit of the Minor: Clubbing Provisions of Section 64(1)(v) have no application
Trust for the benefit of the Minor: Clubbing Provisions of Section 64(1)(v) have no application Here is a copy of the…
Few TDS related Amendment by Notification No. 67/2022: An overview
Few TDS related Amendment by Notification No. 67/2022: An overview Income Tax Department issued Notification number 67 of 2022…
Notification No. 2/ 2022 released for specifying the Format, Procedure and Guidelines for submission of Forms for Securities Transaction Tax (STT) .
Notification No. 2/ 2022 released for specifying the Format, Procedure and Guidelines for submission of Forms for Securities Transaction Tax…
GST & Personal guarantee of the director’s
GST & Personal guarantee of the director’s Whether the personal guarantee provided by the director is service provided by…
GST Compensation Levy: Cars will continue to cost more till 31st March 2026
GST Compensation Levy: Cars will continue to cost more till 31st March 2026 The Compensation Cess levy has been…
Filing of a suit against Partnership Firm & Its Partners: Decree passed against a Firm is binding on all persons who were partners
Filing of a suit against Partnership Firm & Its Partners: Decree passed against a Firm is binding on all persons who…
