The deadline for filing the income tax return (ITR) for individual taxpayers for the assessment year 2022-23 was 31st July 2022. The taxpayers are eligible for a refund in case of excess payment of tax. It may include instances where employers deduct more income tax for salaried employees at times due to wrong calculations or lack of […]
In a move to tighten the rules for the Trusts and curb tax evasion, the Central Board of Direct Taxes (CBDT) has notified a list of documents to get the list of documents to avail the income tax exemption. By this, all charitable institutions and trusts will now be required to maintain an exhaustive list […]
Mobil oil obtained from the cleaning process is not a manufactured product and sales tax was not sustainable held by the Ahmedabad bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT). Shri J.C Patel & Shri Rahul Gajera appeared for the Appellant and Shri Ghanshyam Soni appeared for the Respondent The assessees, M/s. Alicid...
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata bench has held that the contract of supply of goods can’t be classifiable under ‘Commercial or Industrial Construction’ and demand of service tax is not sustainable. Shri Rajeev Agarwal appeared for the Appellant and Shri K Chowdhury & Shri S Mukhopadhyay appeared for the Respondent. […]
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad bench has held that the demand for service tax by simply relying on income tax returns & profit and loss accounts is not sustainable. The appellants are engaged in the transportation of goods from various siding to Nepal. The department observed that the appellant had...
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata allowed Cenvat Credit on the ground that the Construction and works contract used for the renovation of an existing factory is Input Service. The brief facts of the case are that the assessee, M/s. Jai Balaji Industries Limited was, during the relevant period, duly registered...
A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]
The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]
The Division bench of Gauhati High Court dismisses the writ petition without invoking an alternative remedy of appeal under the SARFAESI Act. The respondent, Union Bank of India initiated proceedings against the petitioner M/S Veteran Security Service under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and...
This Course is spread over a span of 40 hours which will help in getting a strong command over accounting and GST in Tally. The course will help in getting conceptual clarity as well as will provide an upper hand while doing work in Tally Software. Our aim through this session is to target both theoretical […]
Key Topics ✅ Assessment including Provisional and GST Scrutiny ✅Fake Invoices notice, Latest circular and their tentative replies ( replies in word format would be available) ✅ Inspection, Search and Seizure ✅Demand and Recovery ✅Advance Ruling ✅Appeals and Power of Revisional Authority ✅Certain Offences and Penalties Key Features ➡️ E certificate ➡️ E notes available […]
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