TDSNo Penalty leviable under section 271C on mere delay in remittance of the TDS after deducting the same27 Apr 20230No Penalty leviable under section 271C on mere delay in remittance of the TDS after deducting the same Facts:…
Income TaxTDSApplicability of TDS on salary to employee) deputed by the Foreign Co in relation to work of Indian Subsidiary, which is reimbursed on cost to cost basis 21 Apr 20230Applicability of TDS on salary to employee) deputed by the Foreign Co in relation to work of Indian Subsidiary, which…
Income Taxother topicClassification is responsibility of supplier, purchaser is not obliged to indicate classification of goods he is purchasing.20 Apr 20230Classification is responsibility of supplier, purchaser is not obliged to indicate classification of goods he is purchasing. In UOI…
Income Taxother topicLapses in Audit Report : Rs 1 Cr Pending imposed by NFRA18 Apr 20230Lapses in Audit Report : Rs 1 Cr Pending imposed by NFRA Government of India National Financial Reporting Authority **************************…
TDSTDS Rate Chart AY 2024-25 (FY 2023-24)13 Apr 20230TDS Rate Chart AY 2024-25 (FY 2023-24) TDS Rate Chart AY 2024-25 (FY 2023-24) Section Nature…
TDSWhether penalty can be levied u/s 271C for mere delayed payment of TDS when interest is discharged u/s 201(1A)?13 Apr 20230Whether penalty can be levied u/s 271C for mere delayed payment of TDS when interest is discharged u/s 201(1A)? …
TDSCBDT clarifies employer’s TDS obligation under new ‘default’ personal tax regime11 Apr 20230CBDT clarifies employer’s TDS obligation under new ‘default’ personal tax regime CBDT, vide Circular No. 4/2023 dated 05.04.2023, issues clarification…
TDSTDS refund cannot be withheld merely because assessment notice is issued: Delhi HC31 Mar 20230TDS refund cannot be withheld merely because assessment notice is issued: Delhi HC Oyo Hotels and Homes…
TDSTDS on Royalty paid to non residents hiked to 20% in the Finance Bill 2023.28 Mar 20230TDS on Royalty paid to non residents hiked to 20% in the Finance Bill 2023 Tax Rate u/s 115A for…
Income Taxother topicRegistrar of Companies raids popular Audit Firm:27 Mar 20230Registrar of Companies raids popular Audit Firm: Racket behind Incorporation of over 1500 fraud Companies in Chennai busted!…
other topicAudit trail feature has to be made a part of accounting software from 1st April, 202327 Mar 20230Audit trail feature has to be made a part of accounting software from 1st April, 2023 It has being made…
Income Taxother topicAmendments to the Finance Bill 2023 while Passing throush Loksabha24 Mar 20230Amendments to the Finance Bill 2023 while Passing throush Loksabha The Finance Bill, 2022 (Amended Bill) was passed by the…
other topicMadhya Pradesh quashes High Court prosecution in the absence of prima facie evidence23 Mar 20230Madhya Pradesh quashes High Court prosecution in the absence of prima facie evidence SWAPNIL BHATT (CASE No. 33356 of 2022)…
other topicITO cannot bypass the SC decision of Engineering Analysis while considering Sec 197 application: Delhi HC21 Mar 20230ITO cannot bypass the SC decision of Engineering Analysis while considering Sec 197 application: Delhi HC Milestone Systems A/S…
other topicBogus Purchase: Compilation of few cases wherein addition is restricted to the GP Ratio14 Mar 20231 CommentBogus Purchase: Compilation of few cases wherein addition is restricted to the GP Ratio The issue of bogus purchase…
Income Taxother topicCrypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA).10 Mar 20230Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA). The Govt. of India…
Income Taxother topicTransfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 20029 Mar 20230Transfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 2002 The Central Government…
Income Taxother topicNew Tab “Comply to Notice” is introduced at the Income Tax E – Portal9 Mar 20230New Tab “Comply to Notice” is introduced at the Income Tax E – Portal Using this Tax Payer can…