Companies Act

Disallowance - Excess Remuneration - ITAT - corroborative evidence - Taxscan

Disallowance of Excess Remuneration to Directors: ITAT holds Section 40 A(2)(b) can’t be invoked without Corroborative Evidence [Read Order]

May 21, 2022

Priority - Payment of Tax - State - Secured Creditors - Companies Act - Rajasthan HC - Taxscan

No Priority for Payment of Tax Dues of State over other Secured Creditors u/s 529 of Companies Act: Rajasthan HC [Read Order]

May 20, 2022

MCA - Board Meetings - Companies Act - Covid-19 - Taxscan

MCA extends Time Gap between Two Board Meetings u/s 173 of Companies Act due to Resurgence of Covid-19 [Read Circular]

May 18, 2022

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GST System - not Accepting Return - Tax Payment - Multiple Penalties - Kerala HC - Petition - Taxscan

GST System not Accepting Return without Tax Payment causing Multiple Penalties on Assessee: Kerala HC admits Petition, allows Interim Relief [Read Petition]

May 21, 2022

The Kerala High Court has admitted a petition challenging the errors in GST system including non-acceptance of return without payment of tax amount, causing multiple loss to the assessee including payment of late fee, interest and cancellation of GST registration etc. While admitting the petition, Justice T R Ravi directed the department to open the […]

Income Tax Return: CBDT notifies JSON Schema For ITR-7

May 21, 2022

The Central Board of Direct Taxes (CBDT) has notified the JSON scheme for the filing of ITR-7. The Income Tax Department has provided free return preparation software in downloads page which are fully compliant with data quality requirements. However, there are certain commercially available software or websites that offer return preparation facilities as well. In […]

Income Tax Returns: CBDT notifies Common Offline Utilities For ITR-1 To ITR-4 For AY 2022-23

May 21, 2022

The income tax department has announced that e-filing of ITR 1 and ITR 4 for AY 2022-23 is enabled. The Central Board of Direct Taxes (CBDT) has notified the common utilities for the filing of ITR-1 to ITR-4 applicable with effect from the assessment year 2022-23. In April, the Income Tax Department’s website has enabled […]

Chartered Accountants - Arrested - Remanded - Judicial Custody for 14 Days - GST Department - response to Detention of 2 CAs - Taxscan

Chartered Accountants Arrested and Remanded to Judicial Custody for 14 Days: GST Dept response to Detention of 2 CAs

May 21, 2022

Finally, the GST Department, has responded to the alleged illegal detention of two chartered accountants in a fraudulent GST refund claim and stated that the two were arrested and remanded to judicial custody for 14 days in connection with a scam amounting to Rs. 20 crores. Two days before, the Chartered Accountants have call for […]

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GST System not Accepting Return without Tax Payment causing Multiple Penalties on Assessee: Kerala HC admits Petition, allows Interim Relief [Read Petition]

May 21, 2022

Income Tax Return: CBDT notifies JSON Schema For ITR-7

May 21, 2022

Income Tax Returns: CBDT notifies Common Offline Utilities For ITR-1 To ITR-4 For AY 2022-23

May 21, 2022

Chartered Accountants Arrested and Remanded to Judicial Custody for 14 Days: GST Dept response to Detention of 2 CAs

May 21, 2022

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