News
GSTR 9 & 9A is compulsory for all taxpayer’s in F.Y. 2017-18 or else you won’t be able to edit it in future.
CBIC had few months ago vide notification no. 47/2019 dt. 09.10.2019 notified that it would be optional for all the...
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GST Registration cancelled if GSTR 3B not filed for past 6 months or more. Want to know why?
We have seen many people who have just applied for GST registration while starting a new business and then they...
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Mentioning the new address in Income Tax Return is not enough for change of address in Income Tax database: Supreme Court judgement
In a recent judgement in case of Principal Commissioner of Income Tax v. M/s I-Ven Interactive Limited, Mumbai, Honorable Supreme Court passed a...
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GSTR-9 &GSTR -9C more simplified & last dates of submission extended
Ministry of Finance vide its press release has extended due date for filing GSTR 9 and 9C for F.Y. 2017-18...
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Further clarification by CBIC for claiming 20% ITC on invoices not available in GSTR – 2A. Circular 123/42/2019 – GST
The CBIC has issued following further clarification with regard to claiming of ITC u/s 36(4) for which invoice is not...
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Time Limit for completion of scrutiny assessment proceedings – Section 153 of the Income Tax Act:
Section 153 defines the time limit for completion of scrutiny assessment proceedings by assessing officer which is as under: Section...
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Are your personal assets liable for capital gain? What is capital asset and capital gain income?
Capital gain income has been covered in the Income Tax Act from section 45 to 55. There are basically two...
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Interest for non payment of Advance Tax: (Section 234B & 234C):
There are two types of interest leviable for non payment of advance tax: Interest u/s 234B (Applicable when advance tax...
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Section 194M: TDS on payment made for contract, commission and professional service for personal use
Section 194M was inserted by Finance Act 2019 to bring under the radar the income earned by professional and contractor...
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Input Tax credit on GST paid for goods purchased before GST registration
Many of us start business and then we apply for GST registration after we have crossed the threshold limit i.e....
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Registration of multiple companies at same address under GST? (Kerala AAR -In case of M/s Spacelance Office Solutions Pvt. Ltd.)
As we all know for GST registration we need to register a place as principal place of business which can...
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No Late fee u/s 234E for TDS returns filed prior to 01.06.2015:
Many of you must be receiving order/ notice u/s 200A from Income tax department for recovery of late fees for...
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This is how Income Tax Department recover money from big defaulters.
You might have seen people making huge default of Income tax and then they are being prosecuted and for tax...
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Penalty for Non filing or Late filing of Tax audit report – Section 271B and condonation in filing Tax Audit report
Yesterday i.e. 31st October 2019 was the last date for filing of tax audit report except for those living in...
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Extension of due date for Tax Audit till 30th November 2019 in J&K & Ladakh
CBDT vide order u/s 119 Dt. 31st October 2019 extended the due date for filing Tax audit report and Income...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- CBIC extends export-related benefits for exports made through courier mode
- Recommendations during 54th meeting of the GST Council [Read press release]
- Statutory Audit of Capital Work-in-Progress (CWIP) in Indian Companies [Company law]
- Statutory Compliance Calendar for September 2024 | Income tax, GST and various other laws
- Introduction of RCM Liability/ITC Statement
- Advisory for furnishing bank account details before filing GSTR-1/IFF Notification No. 38/2023 – Central
- FAQ released by Income tax department regarding comparison of ITR and tax audit
- CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)
- Statutory Audit of Intangible Assets in Indian Companies [Company Law]
- FAQ on income tax return released by income tax return for defective return – AY 2024-25
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