Articles & Latest Update - income tax - Gst - thetaxtalk

Interest on premature closure of the deposit in case of death of depositor before and after lock-in period

Interest on premature closure of the deposit in case of death of depositor before and after lock-in period

TheTop 10 Issues Faced by Professionals & Taxpayer in GST since 2017: An excellent representation by Ambejogai Tax Practitioners Association

The Top 10 Issues Faced by Professionals & Taxpayer in GST since 2017: An excellent representation by Ambejogai Tax Practitioners Association

Scope of Form No. 26AS widened so as to include 8 additional information

Scope of Form No. 26AS widened so as to include 8 additional information

Unaccounted income of Rs. 200 Cr found during Income Tax Raids in Punjab: Bogus Intra group Transactions, Use of employee’s account for receiving fund, etc

Unaccounted income of Rs. 200 Cr found during Income Tax Raids in Punjab: Bogus Intra group Transactions, Use of employee’s account for receiving fund, etc

The corporate veil is not to be lifted lightly: Personal property of the directors cannot be attached for the recovery of the dues of the company

The corporate veil is not to be lifted lightly: Personal property of the directors cannot be attached for the recovery of the dues of the company

Thane CGST arrests one person for Input Tax Credit Fraud Of Rs. 90.68 crores

Thane CGST arrests one person for Input Tax Credit Fraud Of Rs. 90.68 crores

A welcome compilation & representation by ICAI for improvement in the working of GST Portal in GSTR-1, GSTR-2A, GSTR-2B and GSTR-3B Returns & others

A welcome compilation & representation by ICAI for improvement in the working of GST Portal in GSTR-1, GSTR-2A, GSTR-2B and GSTR-3B Returns & others

No ITC on second hand car business if the dealer has opted for concessional rate in GST

No ITC on second hand car business if the dealer has opted for concessional rate in GST

FinMin against Indiscreet Show Cause Notice (SCNs) issued by Service Tax Authorities for mismatch in data of ITR & Service Tax Returns.

FinMin against Indiscreet Show Cause Notice (SCNs) issued by Service Tax Authorities for mismatch in data of ITR & Service Tax Returns.

As per Section 5 of the Income-tax Act, 1961, unlike a resident person who is liable to pay tax on his global income, a non-resident shall be liable to tax in India in respect of following incomes only:

Non Resident Indian: Taxation and Benefits

Sufficient time not given to respond to the Draft Assessment Order: Final assessment order Quashed by Bombay High Court

Sufficient time not given to respond to the Draft Assessment Order: Final assessment order Quashed by Bombay High Court

Courts have to take liberal approach while interpreting the expression ‘sufficient cause’ for condonation of delay

Courts have to take liberal approach while interpreting the expression ‘sufficient cause’ for condonation of delay

ICAI is acting tough against the erring members - Penalised 22 CA’s

ICAI is acting tough against the erring members – Penalised 22 CA’s

RBI imposed penalties on two payment system operators – Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services (WUFSI)

RBI imposed penalties on two payment system operators – Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services (WUFSI)

Assessment order is bad in law if the order is passed under section 147 and not under Section 153C

Assessment order is bad in law if the order is passed under section 147 and not under Section 153C

”LLP FORM 8 DUE DATE EXTENDED TILL 30.12.2021”

”LLP FORM 8 DUE DATE EXTENDED TILL 30.12.2021”

No writ can be filed against notice issued for filing ITR as objections can be raised in reassessment proceedings : HC

No writ can be filed against notice issued for filing ITR as objections can be raised in reassessment proceedings : HC

Whether FIR against Commissioner of Income-tax (a public servant) on account of disproportionate assets u/s 13(1)(e) of Prevention of Corruption Act can be quashed under Article 226 of Constitution?