The penalty of Rs. 25000 on Deptt A penalty of Rs. 25000 on deptt is levied by the SC in case of Vishnu Aroma Pouching P Ltd Vs. UOI. The taxpayer won the case back in 2019. But the department went to file an SLP
Budget Speech For Introducing Faceless Proceedings • Budget 2018-19 – “We had introduced e-assessment in 2016 on a pilot basis and in 2017, extended it to 102 cities with the objective of reducing the interface between the department and the taxpayers. With the experience
Case Covered: Anju Jalaj Batra Versus National E-Assessment Centre Additional Joint Deputy Assistant Commissioner Of Income Tax Officer. Facts of the Case: The petition has been heard by way of video conferencing. The present writ petition has been filed challenging assessment order dated 22nd April
Chapter 1 Introduction Corporate Finance is based on funding from equity and debt. As long as debt obligations are met, equity owners have complete control, and creditors have no say in how the business is run. When default takes place, control is supposed
Chapter 1 Concept of Insolvency, Bankruptcy & Liquidation The handbook will be useful for professionals, businesspersons, entrepreneurs, bankers, and consultants dealing with company matters. It is a step-by-step guide for the implementation of the CIRP in accordance with the provisions of the IBC in
A lot of professional’s social media accounts got flooded with messages and notifications due to the recently issued notification of #ICAI allowing #CAs to form Multi-Disciplinary Partnership Firms. ICAI has allowed other professionals like #CS and #CMA to be partners in the same firm and
Tax Calendar Due date Form/Return/Challan Reporting Period Description 11th July 2021 GSTR-1 June 2021 For the month of June 2021 ( For other than taxpayers under the QRMP scheme) 13th July 2021 GSTR-1 June 2021 For April to June 2021 (who opted QRMP) 13th July
This section would be applicable from 1st July 2021. CBDT issued its clarifications regarding this section just in the nick of time. According to circular No 13 of 2021 dated 30.06.2021; 1)Transactions through recognized stock exchange Transactions in securities and commodities made
Tax Deduction at Source (TDS) under section 194N of the Income Tax Act, 1961 mandated banks, cooperative banks, and post offices to deduct a TDS @ 2% on every withdrawal in excess of one crore rupees during the previous year made by any person (herein
An income tax return is an assessment of the income of a taxpayer. This is an annual statement. All incomes during the year and deductible expenses and losses are declared in this return. It is mandatory for some taxpayers. But in any case filing, ITR
