The Income Tax Appellate Tribunal (ITAT) held that Section 194C of the Income Tax Act, 1961 relating to Tax Deducted at Source (TDS) is not applicable to reimbursement of vehicle expenses. A vehicle was provided...
The Goods and Services Tax Network ( GSTN ) has issued an advisory on Opting-in for Composition Scheme for 2020-21. Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has extended dates for...
The Goods and Services Tax Network (GSTN) has published the summary of extended GST filing dates for providing relief to taxpayers in view of COVID-19 pandemic Opt-in for Composition in FY 2020-21 Normal Taxpayers wanting...
The Ministry of Finance has extended the due date for linking of Aadhaar with PAN from March 31, 2020 to June 30th 2020. Under the provisions of recently introduced Section 139AA of the Income Tax...
The Ministry of Finance has notified Direct Tax Vivad se Vishwas Rules and Forms for the purpose of effectively resolving disputes regarding Direct Taxes. The Vivad se Vishwas Rules defined ‘dispute’ as any appeal, writ...
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the genuineness of the share application money cannot be suspected without a proper inquiry by the Assessing Officer. In the instant case, the Assessing...
While granting tax relief to Kolkata based professional football team, the Income Tax Appellate Tribunal (ITAT) observed that the payments to the professional football players are truly based on their talent and capacity and if...
A couple of problems now awaits those who have not linked their Aadhaar card with their pan card. The income tax department had earlier announced that all unlinked PAN cards will be declared as “inoperative”...
Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs(MCA), today inaugurated the ‘SPICe+’ Web Form here in Delhi. As part of the Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs...
The Goa Chief Minister Pramod Sawant, who also holds the charge of the finance ministry, on February 6th presented the budget for the financial year 2020 in the Goa state assembly. The Total budget size...
The Central Board of Indirect Taxes and Customs (CBIC) has issued the advisory for opting in for Composition Filing Form GST-CMP-02. Who can opt-in for Composition: Eligible existing Registered taxpayers can opt-in for composition, for...
The Central Board of Direct Taxes ( CBDT ) has notified norms to make Permanent Account Number ( PAN ) inoperative if it is not linked with Aadhaar. The CBDT has amended the Income Tax...
The Central Board of Direct Taxes (CBDT) has enabled the instant Permanent Account Number (PAN) through Aadhaar in Income Tax website. The Union Government had proposed a new system to allot PAN online on the...
The Central Board of Direct Tax (CBDT) through a notification dated February 7, 2020, notified that the procedure in the form of norms for the allotment of Permanent Account Number (PAN) to Foreign Portfolio Investors...
In a significant change, the Union Government has proposed a new system to allot PAN online on the basis of Aadhaar in Union Budget 2020. A new system is proposed to launched to instantly allot...
The Income Tax Appellate Tribunal (ITAT), Cuttack held that the none-availability of PAN of the deductee is not an excuse to escape from filing TDS. The assessee filed the quarterly statements of TDS in Form...
The Central Board of Direct Taxes (CBDT) has explained broad scheme of Tax deduction at Source (TDS) from of persons who is responsible for paying any income chargeable under the head “Salaries” The income-tax is...
The Gujarat High Court held that the permanent account number (PAN) cannot be declared inoperative due to non-linking of Aadhaar or Aadhaar number. The applicant seeks a declaration that he would not be in default...
The Central Board of Direct Taxes ( CBDT ) has extended the due date for linking of Aadhaar with PAN from March 31, 2020. The due date for linking of PAN with Aadhaar as specified...
In a major operation, sleuths of DGGI, the Chennai Zonal unit carried searches lasting two days during the 19th to 20th of December at several premises and unearthed a GST fraud involving rupees Rs.900 Crores,...
The Central Board of Direct Taxes ( CBDT ) has notified Amendments in various Income Tax Forms which provide Aadhaar can be used instead of Permanent Account Number ( PAN ). The CBDT made changes...
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