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CBDT again extends Due date of filing Income Tax Returns for FY 2018-19 [Read Notification]

CBDT again extends Due date of filing Income Tax Returns for FY 2018-19 [Read Notification]

Taxscan Team
ICSI - FAQs - CS Examination - Taxscan

Merging of June 2020 to December 2020 CS Examination: ICSI issues FAQs

Taxscan Team
Tax Losses - Taxscan

COVID 19 - Tax Losses – Back for a Better Future

Taxscan Team
Annual Return on Foreign Liabilities and Assets (FLA Return) Under FEMA 1999

Annual Return on Foreign Liabilities and Assets (FLA Return) Under FEMA 1999

Taxscan Team

GST vigilance team searches on Aurangabad and Nashik based Breweries

Simultaneous searches were conducted on 24th/25th July 2020 by the officers of DGGI, Aurangabad Regional Unit, and Nashik Regional Unit on the premises of a Multinational Brewery located at Aurangabad...

GST vigilance team searches on Aurangabad and Nashik based Breweries
Taxscan Team

Assessing Officer can’t Reopen Assessment merely on the basis of Change of Opinion: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the Assessing Officer (AO) cannot reopen the assessment merely on the basis of change of opinion and directed the AO to restrict the...

Assessing Officer can’t Reopen Assessment merely on the basis of Change of Opinion: ITAT
Taxscan Team

AO not justified when the reasons for initiation of proceedings Seized to Survive: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the AO exceeded his jurisdiction in reassessing issues other than the issues in respect of which the proceedings are initiated and...

AO not justified when the reasons for initiation of proceedings Seized to Survive: ITAT [Read Order]
Taxscan Team

EPFO updates KYC for 73.58 lakh Subscribers during April-June 2020

To extend the availability and reach of its online services, which have become crucial in the wake of the COVID-19 pandemic, EPFO updated Know your Customer (KYC) data for its 73.58 lakh subscribers...

EPFO - KYC - Taxscan
Taxscan Team

ICAI to conduct Home based Test for Advanced ICITSS

The Institute of Chartered Accountants of India (ICAI) has been decided to conduct advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) – Home Based Mode for...

ICAI - ICITSS- Taxscan
Taxscan Team

Centre releases Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against Cess collection of Rs. 95,444 cr

The Central Government has recently released the GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation up to 2019-20 has been released to...

Centre releases Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against Cess collection of Rs. 95,444 cr
Taxscan Team

ITAT imposes Rs.1000 Cost on Assessee for being Negligent in Handling Appeal [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jabalpur bench has recently imposed a cost of Rs. 1000 on the assessee for being negligent in handling the appeal proceedings and failed to ensure the...

ITAT imposes Rs.1000 Cost on Assessee for being Negligent in Handling Appeal [Read Order]
Taxscan Team

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