Income TaxCBDT revised Form No. 3CD – Tax audit Report6 Mar at 6:11 am0CBDT revised Form No. 3CD – Tax audit Report The copy of the order is as under: 252599…
Income TaxWrong filing of Trust Audit Report in Form No. 10B/10BB – CBDT grant condonation for filing6 Mar at 5:47 am0Wrong filing of Trust Audit Report in Form No. 10B/10BB – CBDT grant condonation for filing The copy of…
Income TaxRBI’s 1 Million $ Scheme for NRIs remitting funds abroad6 Mar at 5:22 am0RBI’s 1 Million $ Scheme for NRIs remitting funds abroad 1.The Reserve Bank of India (RBI) has formulated…
Income TaxAre business support services from foreign companies to Indian affiliates taxable in India ?5 Mar at 6:25 am0Are business support services from foreign companies to Indian affiliates taxable in India ? The taxability of business support…
Income TaxReceipt from sale of software as an end user is not taxable as Royalty: ITAT4 Mar at 11:31 am0Receipt from sale of software as an end user is not taxable as Royalty: ITAT ACIT,Circle-2(2),International Taxation, New…
Income TaxTDSTDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT Jodhpur4 Mar at 10:27 am0TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT…
Income TaxShort Analysis of Section 43B(h) and the clarification in the Explanatory Memorandum2 Mar at 6:27 am0Short Analysis of Section 43B(h) and the clarification in the Explanatory Memorandum The following position emerges from the plain reading…
Income TaxRefund allowed even when export proceeds received through Paypal.2 Mar at 5:52 am0Refund allowed even when export proceeds received through Paypal. Numerous business houses exporting services from India receive payments through various…
Income TaxITC cannot be denied based on non reflection in GSTR-2A: Kerala HC2 Mar at 5:31 am0ITC cannot be denied based on non reflection in GSTR-2A: Kerala HC The Hon’ble Kerala High Court in Diya…
Income TaxResponding to notices for AIS mismatch:29 Feb at 5:28 am0Responding to notices for AIS mismatch: Taxpayers often receive the following message form the Income Tax Department regarding mismatch in…
Income TaxNo Penalties should be Imposed solely for technical errors lacking any intent to evade tax : Allahabad HC28 Feb at 10:24 am0No Penalties should be Imposed solely for technical errors lacking any intent to evade tax : Allahabad HC Facts:…
Income TaxSection 115TD – An overview of the applicability of tax where the charitable institution ceases to exist or converts into a non-charitable organization28 Feb at 10:05 am0Section 115TD – An overview of the applicability of tax where the charitable institution ceases to exist or converts into…
Income TaxRelevance of Tax Residency Certificate, while claiming the benefit of the double taxation avoidance agreement28 Feb at 5:54 am0Relevance of Tax Residency Certificate, while claiming the benefit of the double taxation avoidance agreement The Hon’ble Delhi ITAT…
Income TaxNumerous notices to the taxpayers pertaining to mismatch of transaction in ITR & clarification by CBDT28 Feb at 5:31 am0Numerous notices to the taxpayers pertaining to mismatch of transaction in ITR & clarification by CBDT CBDT has recently released…
Income TaxImplementation of e-Verification Scheme-2021: Press release by CBDT27 Feb at 12:53 pm0Implementation of e-Verification Scheme-2021: Press release by CBDT The copy of the press release is as under: WhatsApp Image…
GSTIncome TaxITC claim can’t be denied solely on the ground that such claim is not reflected in GSTR-3B27 Feb at 6:33 am0ITC claim can’t be denied solely on the ground that such claim is not reflected in GSTR-3B ITC Claim Can’t…
Income TaxTRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023)27 Feb at 5:47 am0TRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023) Facts of the Case:…
Income TaxCIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta HC26 Feb at 6:26 am0CIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta…