News
Government exempts Remdesivir injection and it’s API from Custom duty amid increasing cases
CBIC has exempted the Remdesivir injection and it's API from Custom duty i.e. no tax needs to be paid to...
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High value transaction compliance notice for FY 2019-20 | Income tax department should check mechanism before sending notices
In our earlier post we had discussed that many people are receiving compliance notice for FY 2019-20 after they have...
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CPC shall process the Form for re-registration of the Trust under Form 10A and not your local Income tax officer
We had discussed earlier that Form 10A has been released for re-registration of Charitable Trust u/s 12AB who were already...
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After Rajasthan now Delhi also announces 6 days lockdown
Yesterday Rajasthan had announced 15 days Lockdown in the whole state. Now, Delhi is also under lockdown after a formal...
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Can you File Income tax return after all due dates have ended and after end of Assessment year
It might happen that a person has not filed his return because he was not aware whether he is liable...
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15 Days Lockdown in Rajasthan Again from 19.04.2021 to 03.05.2021 | Markets and offices closed but factories can work | Let’s see what is allowed and what is not
We generally don't cover such issues but since it will affect businesses and since we are on the ground zero...
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RBI issued clarification in RTI related to signing of financials and ITR by Chartered Accountant for loan purpose
Recently a person named Mr. Pandurang had made an application to RBI for a few questions relating to signing of...
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Landmark Supreme Court Judgement on purchase of software by resident from non-resident manufacturer considered as Royalty or not? | Does it hold good in todays’ world?
Hence, Hon'ble Supreme Court ruled that any such software sale are just sale of goods as per Income tax act...
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Supply of food and beverages made by the applicant from sweetmeat counter will be supply of goods eligible for ITC – Advance ruling
In the current Advance ruling the applicant is engaged in three types of activities: 1. Running a sweet shop. 2....
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DIN No. 1 Mr. Ratan Tata | What is DIN (Director Identification number)?
The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections...
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Now get Higher interest rate for getting vaccinated – Covid Awarness
With the record breaking number's coming in for people affected from Covid-19, Central bank of India has come up with...
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CA running a Proprietorship Firm or practicing in his own name can be appointed for only one term by a company as per section 139
Query: Whether a Proprietary firm (having FRN) or individual CA who is practicing either in his own name or trade...
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TCS collected at 0.75% on sale for which invoice raised before 01.04.2021 | Do you need to collect remaining 0.25% TCS if payment received after 01.04.2021
TCS on sale of goods was introduced under section 206C(1H) in Budget 2020, wherein a person had to collect 0.1%...
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Can Assessing officer issue notice u/s 148 after 01.04.2021 for previous 6 years?
Section 148 deals with Issue of notice where income has escaped assessment. If an assessing officer wishes to make assessment u/s...
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Higher TDS rate for non-filers of Income tax return – Section 206AB
Till date higher TDS was being deducted under Income tax Act u/s 206AA only where assessee was not having valid...
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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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