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Meaning of term Contravention for Detention and Seizure u/s 129 of CGST Act, 2017
Meaning of term Contravention for Detention and Seizure u/s 129 of CGST Act, 2017 The procedure of Way Bill was introduced to control the evasion of the tax. The context in which the rules related to waybill to put a check on evasion of tax.
CA Rachit AgarwalNov 2, 2020QR – 67 Furnishing of Quarterly TDS Statements
QR – 67 {One must know Choti Choti Baten about the tax law} Regarding furnishing of Quarterly TDS statements in Form No. 24Q, 26Q and 27Q u/s 200(3) of the Income Tax Act, 1961 & Rule 31A of Income Tax Rules, 1962 for the financial
CA Rajiv Kumar JainNov 2, 2020[watch video] Section 44AD – Presumptive Taxation for small businesses
Section 44AD – Presumptive Taxation for small businesses Section 44AD – Presumptive Taxation for small businesses.This is special scheme for small businesses. They can pay tax easily with simplified return. No need to calculate the profit. It is fixed on a percentage. Although they can
QR – 69 furnishing of Quarterly TCS statement
Regarding furnishing of Quarterly TCS statement in Form No. 27EQ u/s 206C(3) of the Income Tax Act, 1961 & Rule 31AA of Income Tax Rules, 1962 for the financial year 2020-21 1. Section 206C(3) of the Income Tax Act, 1961 provides that any person collecting
CA Rajiv Kumar JainNov 2, 2020Section 44ADA – Presumptive Taxation for small professionals
Presumptive Taxation for small professionals – Section 44ADA SPECIAL PROVISION FOR COMPUTING PROFITS AND GAINS OF PROFESSION Applicability Section 44ADA shall apply if all the following conditions are satisfied: The assessee is resident in India and he is engaged in a specified profession (i.e. legal,
QR – 68 No Extension for Form No. 26QB, 26QC & 26QD
QR – 68 No Extension for Form No. 26QB, 26QC & 26QD Regarding furnishing of monthly Challan-cum-TDS statements in Form No. 26QB, 26QC and 26QD u/s 200(3) of the Income Tax Act, 1961 & Rule 31A of Income Tax Rules, 1962 for the financial year
CA Rajiv Kumar JainNov 2, 2020Bombay HC in the case of KLT Automotive and Tubular Products Limited
Case Covered: KLT Automotive and Tubular Products Limited Versus Union of India Facts of the Case: Though the writ petition was hotly contested by the respondents by filing a number of affidavits and was also heard at length, because of subsequent development it may not
Notification No. 79 /2020 – Central Tax
Notification No. 79 /2020 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 79 /2020 – Central Tax
QR – 66 Obtaining & Furnishing of Audit Report
Regarding obtaining & furnishing of the audit report u/s 92E of the Income Tax Act, 1961 relating to international transactions & specified domestic transactions (Transfer Pricing) and furnishing of return of income thereof for the assessment year 2020-21 1. Chapter X of the Income Tax
CA Rajiv Kumar JainOct 31, 2020Interest Refund For Lockdown Period- All You Need To Know
Interest on Interest Waivers: Eligibility & How Much Can You Save? 1. Who is eligible for a refund of the Compound interest of the Moratorium period? The Moratorium relief plan announced recently is designed to provide reimbursement or rebate to those consumers who have been
QR – 65 Getting The Accounts Audited And Furnishing Of The Audit Report
Regarding getting the accounts audited and furnishing of the audit report under various provisions of the Income Tax Act, 1961 {besides section 44AB and section 92E} for the assessment year 2020-21 1. As per different provisions of the Income Tax Act, 1961, besides section 44AB of
CA Rajiv Kumar JainOct 31, 2020Notification No. 80 /2020 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 80 /2020 – Central Tax New Delhi, the 28th October 2020 G.S.R…..(E).–