Penalty of Rs.10 lakh per year for not disclosing foreign asset under Schedule FA in ITR [Read order]
Hon'ble Mumbai ITAT has passed an order in case of Ms. Shobha Harish Thawani for AY 2016-17, 2017-18 and 2018-19 ...
Tuesday, December 5, 2023
GST Revenue collection for November 2023, at ₹1,67,929 lakh crore
The gross GST revenue collected in the month of November, 2023 is ₹1,67,929 crore out of which CGST is ₹30,420 crore, SGST is ₹38,226 ...
What is short stay exemption available under Indian Income Tax Act?
there are other conditions prescribed under section 10(6)(vi) which needs to be fulfilled to get the above exemptions by foreign ...
Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline
Amnesty for Taxpayers: The GST Council, in its 52nd meeting, recommended granting amnesty to taxpayers who could not file an ...
What is discard return? How to discard Income tax return? FAQ on discard return
As of now there is no clarity as to why discard return option is better than filing a revised return, ...
CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
In the first wave of the operation, a total of 48 fake/bogus firms – either non-existent or paper firms – ...
ITC reversal on account of Rule 37(A) by the recipient
The said amount of ITC is required to be reversed by such taxpayers, while furnishing a return in FORM GSTR-3B ...
Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?
As per the above points it was mentioned that TDS/ TCS needs to be deducted/ collected at higher rates. This ...
Comparison between Section 115BAC before and after AY 2024-25
Section 115BAC deals with lower/ concessional tax rates for individual, HUF etc. rather than the tax rates prescribed for individual ...
Advisory for the procedures and provisions related to the amnesty for taxpayers for filing appeal under GST
Taxpayers can now file appeal in FORM GST APL-01 on the GST portal on or before January 31, 2024 for ...
Statutory Compliance Calendar for November 2023 | Income tax, GST and various other laws
Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of November 2023.
Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration
Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the ...
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
The delay in filing of Form No. 10-IC as per Rule 21AE of the Rules for previous year relevant to ...
GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore
The gross GST revenue collected in the month of October, 2023 is ₹ 1,72,003 crore out of which ₹ 30,062 crore is CGST, ₹ 38,171 ...
ITR V showing invalid due to non-verification for income tax return filed by audited entities [AY 2023-24]
However, when the assessee were trying to download ITR V later it was showing a watermark on the verification form ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Penalty of Rs.10 lakh per year for not disclosing foreign asset under Schedule FA in ITR [Read order]
- GST Revenue collection for November 2023, at ₹1,67,929 lakh crore
- What is short stay exemption available under Indian Income Tax Act?
- Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline
- What is discard return? How to discard Income tax return? FAQ on discard return
- CGST Delhi East busts a syndicate of 48 fake firms availing fraudulent ITC of over ₹199 crores in “Operation Clean Sweep”, 3 arrested
- ITC reversal on account of Rule 37(A) by the recipient
- Inoperative PAN resulting in TDS notice to deduct TDS at the rate of 20%. Here’s why?
- Comparison between Section 115BAC before and after AY 2024-25
- Advisory for the procedures and provisions related to the amnesty for taxpayers for filing appeal under GST
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