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…
Income TaxTDSTDS Mismatch while filing income tax Return: Issue & Solution11 Sep 20230TDS Mismatch while filing income tax Return: Issue & Solution Taxpayers are eligible for credit towards Tax Deduction…
GSTIncome Taxother topicTDSTax Compliance Chart for August 20234 Sep 20231 CommentTax Compliance Chart for August 2023 S. No. Statue Purpose Compliance Period Due Date Compliance Details 1 Income Tax TDS/TCS Liability…
TDSCBDT notified Form No 71 for allowing TDS credit in cases where deductor has paid the TDS in subsequent assessment years2 Sep 20230CBDT notified Form No 71 for allowing TDS credit in cases where deductor has paid the TDS in subsequent assessment…
TDSNew File Validation Utility (FVU) version 8.2 has been released by NSDL for TDS/TCS returns1 Sep 20230New File Validation Utility (FVU) version 8.2 has been released by NSDL for TDS/TCS returns New File Validation Utility…
TDSTDS not required to be deducted on commission paid to overseas agents: Delhi HC21 Aug 20230TDS not required to be deducted on commission paid to overseas agents: Delhi HC Case Title: PCIT Versus…
Income Taxother topicSuggestion invited by CBDT on Draft Form No. 6C formulated for inventory valuation by Cost Accountant.18 Aug 20230Suggestion invited by CBDT on Draft Form No. 6C formulated for inventory valuation by Cost Accountant. CBDT invites comments…