Income TaxTDSProsecution of Director for Non-payment of TDS25 Dec 20230Prosecution of Director for Non-payment of TDS With the ever-increasing cases of prosecution for non-payment of TDS deducted, Bombay High…
TDSComposite contracts cannot be divided in order to subject a part of the contract to a higher rate of TDS.19 Dec 20230Composite contracts cannot be divided in order to subject a part of the contract to a higher rate of TDS.…
Income Taxother topicAllow to revise bonafide error in GSTR -1 : Bombay HC15 Dec 20230Allow to revise bonafide error in GSTR -1 : Bombay HC The copy of the order is as under:…
GSTIncome TaxTDSStatutory and Tax Compliance Calendar for December 202311 Dec 20230Statutory and Tax Compliance Calendar for December 2023 Income Tax TDS/TCS Liability Deposit Nov-23 7-Dec-23 Due date of depositing TDS/TCS…
Income Taxother topicGovt to mandate e-invoice for B2C transactions in 2-3 Years8 Dec 20230Govt to mandate e-invoice for B2C transactions in 2-3 Years The copy of the order is as under: ITAT…
Income Taxother topicALL ABOUT REVERSE MORTGAGE SCHEME – 20086 Dec 20230ALL ABOUT REVERSE MORTGAGE SCHEME – 2008 There is no social security mechanism which is prevalent in India. One of…
Income Taxother topicI-T Official awarded six months in jail for slapping ticket checker at CSMT5 Dec 20230I-T Official awarded six months in jail for slapping ticket checker at CSMT The copy of the order is…
TDSTDS deductors receiving notices for not deducting TDS at 20% in case of payee not linking PAN with Aadhar:4 Dec 20230TDS deductors receiving notices for not deducting TDS at 20% in case of payee not linking PAN with Aadhar: …
Income TaxTDSIf deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS Rate28 Nov 20230If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS…
IT JudgementTDSHigher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit27 Nov 20230Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit …
Income Taxother topicOnline filing of Form 10F without PAN for a non resident not required to obtain a PAN:17 Nov 20230Online filing of Form 10F without PAN for a non resident not required to obtain a PAN: Form 10F is…
Income Taxother topicNotices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC17 Nov 20230Notices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC Diversey India…
Income Taxother topicAssessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs 1128 Crores: Bombay HC10 Nov 20230Assessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs…
Income Taxother topicStandard Operation Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU), under The Faceless Assessment Provision of Section 144B of the Income-tax Act.8 Nov 20230Standard Operation Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU), under The…
Income Taxother topicCapital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court23 Oct 20230Capital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court The Supreme court has laid down a…
TDSTDS to be deducted only on commission charges and not on gateway charges: ITAT20 Oct 20230TDS to be deducted only on commission charges and not on gateway charges: ITAT M/s. Knowledge Hut Solutions…
Income Taxother topicTaxation of Joint Development Agreement with the builder by legal heir of Ancestral Property16 Oct 20230Taxation of Joint Development Agreement with the builder by legal heir of Ancestral Property [Query 1] We have inherited the…
Income Taxother topicAn Excellent Representation for the amnesty scheme for Partnership Firm by BJP CA Cell, Mumbai9 Oct 20230An Excellent Representation for the amnesty scheme for Partnership Firm by BJP CA Cell, Mumbai Date:- 07/10/2023 To, Shri Devendra…