An Overview of the TDS on Payment to Contractor under section 194C of Income Tax Act By Akansha Chambhare

Deductor can save at least 3% Interest by paying TDS within due date

Advisory issued by GSTN on Availability of ITC for the FY 2020-21

Issuance of notice after 1-4-2021 without following procedures of section 148A- Stay granted by Delhi High Court

Compliances for Companies, LLP & Other ROC Related activities

No disallowance of late deposits of employee’s contribution of ESI, PF if the same is paid prior to filing of ITR.

Charitable Trust: Draft format of the Trust Deed

Non-filing of Form NFRA -2 by 1011 CA Firms so far

No order under Section 263 of the Act shall be “made” after the expiry of two years from the end of the financial year in which the order sought to be revised was passed

Unaccounted income of over Rs. 184 crore revealed in Income Tax Raid in Maharashtra

Whether remuneration to partner can be disallowed on the ground of being excessive, even if it is within the limit u/s 40(b)?

Belated filing of Form No. 10B and power of CBDT to condone the delay

Registration of transactions of assignment of receivables under Factoring Regulation Act, 2011

Capital Gain exemption if multiple flats received pursuant to Joint Development Agreement

Carelessness by Assessing Officer: Hon’ble Court may impose costs to be recovered from his/her salary & place such judicial orders in the career records of such Assessing Officer.

Reasons for blocking e-credit ledger u/r 86A must be communicated by GST Authorities to the taxpayer: Madras High Court in HEC India LLP

Non Resident Taxpayers exempted from the requirement of furnishing a return of income from assessment year 2021 2022 onwards vide

Delhi CGST Officials arrested UK qualified MBA from for fraudulently claiming ITC of Rs 134 crore