Logic behind various provisions of Newly Introduced Provisions in the Income Tax Act – 1961

Union Budget Speech 2021 by FM Smt. Nirmala Sitharaman on 1st Feb 2021

Time to file belated return and to revise original return reduced by 3 months by Budget 2021

Rationalisation of the provision relating to processing of returned income & issuance of notice under sub-seciton (2) of section 143

CBDT extends VSVs deadline to 28th Feb 2021

Top 100 Highlights of Historic Budget 2021 by FM

Compliance to the TCS provision on Receipt of Money above Rs. 50 Lakh

Union Budget 2021 : Direct tax proposals Highlight

Key Highlight of Budget 2021 on Taxation & Company Law

Condonation for delay in Generation of UDIN till 28 th February 2021

Interest charged under section 220(2) is part of assessment and is deemed to be tax for the purpose of section 246. Appeal filed by assessee against order of AO objecting to amount of interest is admissible.

Validity of denial of Registration under section 12AA if CIT did not record any adverse comment or dissatisfaction about objects of the trust

Summary of Economic Survey 2020-2021

ROC Annual Filing Date extended till 15th Feb 2021

Classification of service & Rate of GST on Construction of power sub-stations, providing bore wells and erection of lines-Rate of tax

Govt. launched “Startup India Seed Fund Scheme” to provide funding to technology-driven start-ups

Admissibility of Input tax credit on Goods and services used for construction of Maintenance, Repair and Overhaul (MRO) facility

Settlement Commission cannot re-open its concluded proceedings by invoking section 154, so as to levy interest under section 234B in view of section 245I