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Income Tax ComplianceAdditional information in ITR 1 for AY 2020-21
Who can file? Income tax forms are released by CBDT. ITR 1 for AY 2020-21 is also notified. It is also called ITR SUGAM. There is some additional information required this year. The basic form for an Income-tax return in ITR 1. It can be
Join our free webinar on 4th June (5 PM – 6 PM) on Detention of Goods under GST – A Critical Analysis by Mr. NK Arora
About the course: In this session, the detention of goods under GST will be discussed by Adv. NK Arora and CA Shafaly Girdharwal. The detention of goods under GST is still creating mysteries for various professionals and businessmen. Section 129 & 130 of the CGST
ITR Forms For AY 2020-21 Notified
ITR Forms For AY 2020-21 Notified MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th May 2020 INCOME-TAX G.S.R. 338(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43
The legality of Prior approval of the Joint Commissioner for assessment in search cases under Section 153D of the Income Tax Act 1961.
The legality of Prior approval of the Joint Commissioner for assessment in search cases under Section 153D of the Income Tax Act 1961. Section 153D of the act in the present Search Assessment regime mandates that prior approval is necessary for a valid assessment under
New Income Tax Return Forms
New Income Tax Return forms were notified yesterday night. Every year some changes are made to make data mining easier for the Finance Intelligence Unit (FIU). This year too some changes have been made. Let’s have a brief look at what they are. INVESTMENT DETAILS:
CA Rahul ParasharJun 1, 2020Maharashtra Govt. Issues Clarification on GST Appeals in regard to Non-Constitution of Appellate Tribunal
Maharashtra Govt. Issues Clarification on GST Appeals in regard to Non-Constitution of Appellate Tribunal 1. The Government received various representations that have been received wherein the issue has been decided against the registered person by the adjudicating authority or refund application has been rejected by
CA Udit SwamiJun 1, 2020Bombay HC in the case of PCIT Versus Rishabhdev Tachnocable Ltd.
Case Covered: Pr.Commissioner of Income Tax Versus Rishabhdev Tachnocable Ltd. Facts of the case: This appeal has been preferred by the Revenue under Section 260A of the Income Tax Act, 1961 (briefly “the Act” hereinafter) against the order dated 3rd November 2016 passed by the
Madras HC in the case of Sunrise Foods Private Limited Versus The Assistant Commissioner (CT)
Case Covered: Sunrise Foods Private Limited Versus The Assistant Commissioner (CT) Facts of the case: Writ Petitions filed under Article 226 of the Constitution of India praying to issue Writ of Mandamus, directing the respondent herein to accept the revised returns filed by the petitioners
Intellectual Property Rights Taxability Under GST Laws
Intellectual Property Rights Taxability Under GST Laws In this article, an attempt has been made to explain the taxability of Intellectual Property Rights (hereinafter called IPR) on the touchstone of Goods & Service Tax Act, 2017 (hereinafter called the Act), with the help of cases
Advocate Pradeep KumarMay 30, 2020Relaxation in Compliances Under Various Laws Due To COVID-19 Lockdown
Relaxation in Compliances Under Various Laws Due To COVID-19 Lockdown 1. Income Tax S.No Compliance Original Status After Relief Measures Remarks 1 Income Tax Return Filing the date for F.Y 2019-20 For Individuals-31Jul, corporates/ Tax Audit cases- 31st Oct, Transfer pricing cases, -30th Nov Due
CA Pankaj GuptaMay 30, 2020Whether interest can be recovered for delayed payment of tax by attaching the bank account of assessee without adjudicating u/s 73 or 74 of CGST Act, 2017
Whether interest can be recovered for delayed payment of tax by attaching the bank account of the assessee without adjudicating u/s 73 or 74 of CGST Act, 2017 MAHADEO CONSTRUCTION CO. AT CHATTARPUR, PALAMAU THROUGH ITS PARTNER ANIL KUMAR SINGH Vs THE UNION OF INDIA
Madras HC in the case of Tvl.M.R.Motor Company Versus The Assistant Commissioner (CT)
Case Covered: Tvl.M.R.Motor Company Versus The Assistant Commissioner (CT) Facts of the case: Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Certiorari, to call for the records on the files of the respondent in Rc.No.366/2013/A1 dated