Income TaxIT JudgementMeaning of term month used in phrase ‘month or part of the month’ specified under Sec.201(1A):31 Mar 20230Meaning of term month used in phrase ‘month or part of the month’ specified under Sec.201(1A): “Consequences of…
Income TaxMerely because the assessee failed to submit the grounds of appeal as an attachment at the time of fling Appeal could not be a basis to pass the order ex-parte31 Mar 20230Merely because the assessee failed to submit the grounds of appeal as an attachment at the time of fling Appeal…
CircularPhased Implementation of Electronic Cash Ledger (ECL) in Customs w.e.f 01.04.202331 Mar 20230Phased Implementation of Electronic Cash Ledger (ECL) in Customs w.e.f 01.04.2023 The copy of the order is…
TDSTDS refund cannot be withheld merely because assessment notice is issued: Delhi HC31 Mar 20230TDS refund cannot be withheld merely because assessment notice is issued: Delhi HC Oyo Hotels and Homes…
Income TaxPAN CARD – AADHAAR CARD LINKING: EXTENSION FOR 1 YEAR30 Mar 20231 CommentPAN CARD – AADHAAR CARD LINKING: EXTENSION FOR 1 YEAR Last date for linking of PAN-Aadhaar Extension Posted…
Income TaxICAI Guide on the audit trail applicability to companies from 1st April 202330 Mar 20230ICAI Guide on the audit trail applicability to companies from 1st April 2023 Guide to Audit Trail
IT JudgementHigh Court of Karnataka quashes Rule 89(4) (C) of CGST Rules, 201730 Mar 20230High Court of Karnataka quashes Rule 89(4) (C) of CGST Rules, 2017 High Court of Karnataka quashes Rule…
GSTEven if a taxpayer has rendered services on behalf of a third party, the same would not result falling within the definition of ‘intermediary, provided the taxpayer renders the services.29 Mar 20230Even if a taxpayer has rendered services on behalf of a third party, the same would not result falling within…
GSTGST rate notified on Rab when sold in pre- packaged & labelled29 Mar 20230GST rate notified on Rab when sold in pre- packaged & labelled Based on the recommendation of the…
Income TaxDate of last panchanama is the starting point of limitation for completion of block assessments: SC29 Mar 20230Date of last panchanama is the starting point of limitation for completion of block assessments: SC Facts: The…
GSTBefore 31st March ends – GST Points to be kept in Mind29 Mar 20231 CommentBefore 31st March ends – GST Points to be kept in Mind 1) Billing Series: New billing series…
Cgst ActsGSTIncome TaxITC Benefit cannot be denied based on allegations of fake invoice procurements on the supplier of the claimant29 Mar 20230ITC Benefit cannot be denied based on allegations of fake invoice procurements on the supplier of the claimant Balaji…
Income TaxAudit trail feature has to be made a part of accounting software from 1st April, 202329 Mar 20230Audit trail feature has to be made a part of accounting software from 1st April, 2023 It has…
Capital GainIncome TaxDebt Mutual Funds & Taxation wef 1st April 2023:29 Mar 20230Debt Mutual Funds & Taxation wef 1st April 2023: The new debt mutual fund taxation is effective from 1st April…
Income TaxClaim of Expenses by Charitable Institutions & New Amendment Applicable from FY 2022-2329 Mar 20230Claim of Expenses by Charitable Institutions & New Amendment Applicable from FY 2022-23 Charitable institutions enjoy tax exemption under…
Income TaxAddition merely on the basis of 26AS is not sustainable – Assessee cannot be burdened for everything28 Mar 20231 CommentAddition merely on the basis of 26AS is not sustainable – Assessee cannot be burdened for everything The…
TDSTDS on Royalty paid to non residents hiked to 20% in the Finance Bill 2023.28 Mar 20230TDS on Royalty paid to non residents hiked to 20% in the Finance Bill 2023 Tax Rate u/s 115A for…
Income TaxHusband Entitled To TDS Credit On Interest Earned From Amount Gifted To His Wife ITAT27 Mar 20230Husband Entitled To TDS Credit On Interest Earned From Amount Gifted To His Wife ITAT IN THE INCOME TAX …