“Tax Compliance Tracker – January, 2024”
“Tax Compliance Tracker – January, 2024” 1. Compliance requirement under Income Tax act, 1961 Sl. Compliance Particulars Due Dates 1 Due…
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Prosecution of Director for Non-payment of TDS
Prosecution of Director for Non-payment of TDS With the ever-increasing cases of prosecution for non-payment of TDS deducted, Bombay High…
Composite contracts cannot be divided in order to subject a part of the contract to a higher rate of TDS.
Composite contracts cannot be divided in order to subject a part of the contract to a higher rate of TDS.…
Allow to revise bonafide error in GSTR -1 : Bombay HC
Allow to revise bonafide error in GSTR -1 : Bombay HC The copy of the order is as under:…
Statutory and Tax Compliance Calendar for December 2023
Statutory and Tax Compliance Calendar for December 2023 Income Tax TDS/TCS Liability Deposit Nov-23 7-Dec-23 Due date of depositing TDS/TCS…
Govt to mandate e-invoice for B2C transactions in 2-3 Years
Govt to mandate e-invoice for B2C transactions in 2-3 Years The copy of the order is as under: ITAT…
ALL ABOUT REVERSE MORTGAGE SCHEME – 2008
ALL ABOUT REVERSE MORTGAGE SCHEME – 2008 There is no social security mechanism which is prevalent in India. One of…
I-T Official awarded six months in jail for slapping ticket checker at CSMT
I-T Official awarded six months in jail for slapping ticket checker at CSMT The copy of the order is…
TDS deductors receiving notices for not deducting TDS at 20% in case of payee not linking PAN with Aadhar:
TDS deductors receiving notices for not deducting TDS at 20% in case of payee not linking PAN with Aadhar: …
If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS Rate
If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS…
Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit
Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit …
Online filing of Form 10F without PAN for a non resident not required to obtain a PAN:
Online filing of Form 10F without PAN for a non resident not required to obtain a PAN: Form 10F is…
Notices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC
Notices/ orders cannot be issued to an amalgamated entity even though PAN is still active: Bombay HC Diversey India…
Assessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs 1128 Crores: Bombay HC
Assessment Order not passed within 30 days of DRP directions in time barred, Vodafone entitled for a refund of Rs…
Standard 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.
Standard Operation Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU), under The…
Capital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court
Capital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court The Supreme court has laid down a…
TDS to be deducted only on commission charges and not on gateway charges: ITAT
TDS to be deducted only on commission charges and not on gateway charges: ITAT M/s. Knowledge Hut Solutions…
Taxation of Joint Development Agreement with the builder by legal heir of Ancestral Property
Taxation of Joint Development Agreement with the builder by legal heir of Ancestral Property [Query 1] We have inherited the…
