Income-tax Rules

Fund Managers - Lower Remuneration - Fund Manager - FY 2020-21 - CBDT - Taxscan

Lower Remuneration paid to Fund Manager for FY 2020-21 requires no approval but will require approval in FY 2021-22: CBDT [Read Circular]

January 16, 2021

Key Alterations - Tax Audit Report - AY 2020-21 - All You Need to Know - taxscan

Key Alterations in Tax Audit Report applicable for AY 2020-21: All You Need to Know

October 18, 2020

CBDT - Tax Audit Reporting - ITR 6 disclosure charges - Taxscan

CBDT notifies Tax Audit Reporting changes as well as ITR 6 disclosure charges [Read Notification]

October 2, 2020

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GSTN - Advisory - Annual Return Form -GSTR-9 - Taxscan

GSTN issues Advisory on Annual Return Form GSTR-9

February 25, 2021

The Goods and Service Tax Networks (GSTN) issued the Advisory on Annual Return Form GSTR-9. The GSTN advised the taxpayers to ensure that values are reported upto two decimal places in the GSTR-9 offline utility. The error “Error! Invalid Summary payload” after uploading the JSON created from the Offline Utility of GSTR-9 is reported due […]

service tax demand - Site Formation - Clearance Excavation - Demolition Services - CESTAT - Taxscan

Commissioner to adjudicate afresh Service Tax demand under Site Formation, Clearance Excavation, Demolition Services: CESTAT [Read Order]

February 25, 2021

The Customs, Excises and Service Taxes Appellate Tribunal (CESTAT), Delhi Bench has remanded the matter back to the Commissioner to adjudicate afresh service tax demand under Site Formation, Clearance Excavation, Demolition Services. The appellant, Bhardwaj Infrastructure Pvt. Ltd. challenged demand of service tax made against Appellant under the head of Site Formation and Clearance Excavation […]

concealment in the return of income - ITAT - Taxscan

Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]

February 24, 2021

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while deleting the penalty under section 271(1)( c) of the Income Tax Act, ruled that the penalty can not be levied when there is no concealment in the return of income. The assessee, M/s. Balee Plastics Pvt. Ltd. is a company engaged in the business of manufacturing […]

GST - Betel Nut - AAAR - Nizam Pakku - AAR - Taxscan

5% GST on ‘Nizam Pakku’ betel nut: AAAR sets aside AAR order [Read Order]

February 24, 2021

The Tamil Nadu Appellate Authority of Advance Ruling (AAAR) while setting aside the AAR’s ruling held that only 5% GST on “Nizam Pakku” betel nut. The appellant, M/s S.A. Safiullah is owned by Abdul Razak Safiullah and is engaged in trading of Betel nut, under the name and style “Nizam Pakku” and the said brand […]

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GSTN issues Advisory on Annual Return Form GSTR-9

February 25, 2021

Commissioner to adjudicate afresh Service Tax demand under Site Formation, Clearance Excavation, Demolition Services: CESTAT [Read Order]

February 25, 2021

Penalty can’t be levied when there is No Concealment in Income Tax Return: ITAT [Read Order]

February 24, 2021

5% GST on ‘Nizam Pakku’ betel nut: AAAR sets aside AAR order [Read Order]

February 24, 2021

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