News
Rescue for NRI from higher TDS deduction when no PAN is available u/s 206AA: Rule 37BC
We know that TDS in most cases of payment made to NRI is covered under section 195. Now there are...
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What is the meaning of notice for transfer of rectification rights to Assessing officer
As soon as we receive some communication or notice from Income tax department we start to panic even if we...
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No GST under RCM on salary to executive directors – Karnataka AAR
In a recent Rajasthan AAR it was stated that any kind of consideration paid to directors would be considered as...
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GSTR 3B can now be recitified – Landmark Judgement by Delhi High court
From the time GST was implemented people are not satisfied with the returns available for filing GST information as the...
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Re-registration of already registered institution u/s 10(23C), 12A, 12AA, 35 and 80G deferred to 01.10.2020
As we all know Budget, 2020 in order to increase it's database in relation to trust and to check whether...
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Clarification on residential status by CBDT in Income tax because of Covide-19 pandemic
As we all know either people are under lock down or in quarantine because of this pandemic and many of...
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ICAI offers free courses for CA professionals
With the lockdown being further extended, it might seem to most of us what should we do in this time....
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Clarification by MCA on holding of annual general meeting (AGM) through video conferencing (VC)
MCA has said that they have received several representations to to allow companies to hold annual general meeting (AGM) in...
Read moreICAI issues guidelines for Statutory Bank Audit during Covid-19
This communication is to address certain vital aspects related to Statutory Bank Branch Audits in the form of “Specific Considerations...
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Surcharge on dividend Income shall be capped at 15%. This comes as a savior for High income people
As we know that Budget 2020 has scrapped Dividend Distribution Tax and hence now dividend distributed, declared and paid after...
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Notification 38/2020 to 42/2020 CGST: Due date for GSTR 9 for FY 2018-19 extended to 30.09.2020
Total 4 notifications have been issued on 05.05.2020 by Central government to provide further relief to the taxpayers during this...
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Covid-19 cess being levied by state government
With the current situation in the country where most of the businesses are closed and government is not able to...
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Immunity from penalty u/s 270A, prosecution u/s 276C or 276CC – Section 270AA
In our earlier post we had discussed what is penalty u/s 270A which is effective for cases of A.Y. 2017-18...
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Penalty on misreporting and under reporting u/s 270A of the Income tax act w.e.f. A.Y. 2017-18 cases
Section 270A was introduced by Budget 2016, which was made effective for cases relating to AY 2017-18 in place of...
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Refund issued u/s 143(1) of Income tax act can be withhold by AO under various circumstances – SC judgement
In judgement in case of Vodafone Idea Ltd. v. Assistant Commissioner of Income-tax 116 taxmann.com 393 Dt 29.04.2020, it was...
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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
- Taxation and Income tax return of Foreign Companies Earning Income from India under special rates
- Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
- Notice from Income tax department e-verification cell for non-filing ITR. How to respond
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
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