Expert Knowledge, Straight from Practitioners.

Is it possible for a taxpayer to file an Income Tax Return (ITR) without Form 16?

Is it possible for a taxpayer to file an Income Tax Return (ITR) without Form 16? There are possible scenarios where a taxpayer may not be able to obtain Form 16 from his/her employer. Since the due date for filing of ITR is approaching, is

Applicability of GST on a Bill to Ship to transaction where Supplier and Recipient of goods are located outside India.

Applicability of GST on a Bill to Ship to transaction where Supplier and Recipient of goods are located outside India. Gujarat Authority for Advance Ruling, in case of M/s SPX Flow Technology (India) Pvt. Ltd., Odhav Road, Ahmedabad Facts: The applicant M/s SPX Flow Technology

101st Constitution Amendment Act, 2016

101st Constitution Amendment Act, 2016 ARTICLE AMENDMENT 246– The article empowers- Parliament to make laws w.r.t matters listed under Union List Parliament & state to make laws for matters covered under Concurrent List State to make laws for matters under State List. Parliament to make laws

Various Compliance Calendar in India

Various Compliance Calendar in India S. No. Compliance Area Frequency No. of Compliances Corporate Secretarial and FEMA Compliances 1. Annual General Meeting (AGM) Yearly 1 2. Board Meetings Quarterly 4 3. ROC Filing-Financial Statements Yearly 1 4. Company Annual Return with ROC Yearly 1 5.

All about House Rent Allowance (HRA)

All about House Rent Allowance (HRA) House Rent Allowance (HRA) is one of the most relevant claimed allowances by the salaried class employees. The write-up deals with some of the commonly asked questions. Can we say all of the salaried individuals are eligible to claim

Suggestions to Rationalise Current Direct Tax Structure

Suggestions to Rationalise Current Direct Tax Structure 1 Allow Filling ITR After 31-March of AY Allow filling Income Tax return after 31st March of Assessment year ( Ofcourse with Higher late fees than currently prescribed ..I.e. Higher than Rs. 10000). Govt will get high revenue

CA Harshil Sheth

Jan 12, 2021

📋GST Litigation

Delhi HC in the case of Proex Fashion Private Limited Versus Government of India

Case Covered: Proex Fashion Private Limited Versus Government of India Facts of the Case: By way of the present petition, the petitioner seeks to challenge a communication dated 25.11.2020/01.12.2020 (Annexure-9 to the writ petition), by which the bank account of the petitioner in the respondent

📋GST Litigation

Delhi HC in the case of Dhruv Krishan Maggu Versus Union of India

Case Covered: Dhruv Krishan Maggu Versus Union of India & Ors. Facts of the Case: While the CM No. 32276/2020 has been filed by the Petitioner in W.P.(C.) No. 10130/2020 seeking interim protection, CM No. 28105/2020 has been filed by Respondent nos. 2 and 3

[Read Order] CBDT rejected all pleas for date extension

CBDT rejected all pleas for date extension Amidst the huge demand to extend the due dates for income tax filings, CBDT ejected it. In their tweet, they have also clarified the reason for not extending the due dates. There were many writs in various courts

📋GST Litigation

Bombay HC in the case of AJE India Private Limited Versus Union of India

Case Covered: AJE India Private Limited Versus Union of India Facts of the Case: By filing this petition under Article 226 of the Constitution of India, the petitioner seeks to quash the order dated 18th/19th November 2020 passed by respondent No.2 provisionally attaching the bank

Handbook For Tax Consultants/Taxpayers-Nov. 2020: IT Deptt.

Handbook For Tax Consultants/Taxpayers-Nov. 2020: IT Deptt. Chapter 1 Overview of Centralized Processing Center 1.1. Central Board of Direct Taxes (CBDT) has approved a Scheme for processing of returns of income ‘Centralised Processing of Returns Scheme, 2011’, in the exercise of the powers conferred by sub-section

Jan 9, 2021