Sh. Naresh Kumar Anand HUF Vs Pr. CIT (ITAT Jalandhar) Facts: Notice u/s 148 was issued on 09.02.2009 on the point that M/s. L&T paid an amount of INR 14 Lakhs to the assessee as lease rent for land which was declared by the assessee in its return under the head ‘Income from House Property’ […]
No disallowance u/s 40(a)(ia) could be made for non deduction of TDS on bank commission / guarantee fee as CBDT vide Circular No. 56/2012 had clarified that no TDS was required to be deducted on bank guarantee commission, etc. and the same was retrospective applicable.
Krishna, the Maharashtra Government has introduced various schemes in the Budget to settle old disputes. Considering the same, the government has introduced an ordinance to solve disputes between Maharashtra government and taxpayers. What is this ordinance?
1. Prior to Notification No. 10/2019-Central Tax ,dt. 07-03-2019 – Person exclusively making local of within state supplies from States other than Specified Category State (Sub-section (1) of section 22 of CGST Act, 2017): Every supplier making taxable supply of goods or services or both exclusively in State or Union Territory other than specified category […]
हर वित्त वर्ष के अंत में वित्तीय सेवाएं देने वाली कंपनियां बहुत सक्रिय हो जाती हैं. इनमें बैंक, बीमा कंपनी और फंड हाउस शामिल हैं. ये केवल ईमेल और मैसेज से नहीं बल्कि बड़ी-बड़ी होर्डिंग के जरिए एक ही बात का प्रचार करते दिखती हैं. वे बताती हैं कि कैसे आप उनके प्रोडक्ट का इस्तेमाल […]
Article explains What is a Credit Card?, How Credit Card is Different from Debit Card, Benefit of using Credit Card, Major drawback of Credit Card and How to use Credit Card wisely. What is a Credit Card? A credit card is also known as plastic money, It is a card or mechanism which enables to […]
Tax Planning is an integral part of your financial planning. Sec 80C of the Income Tax Act allows you to claim deductions from your taxable income by investing in certain investments. One of the most popular Sec 80C investments is in Tax saving mutual funds or Equity Linked Savings Scheme (ELSS). This is an equity […]
Input tax credit on the tax paid under RCM will be available in the same month for which the liability has been disclosed and paid in subsequent month? or will it be available in the month in which RCM has been paid and filed the valid return as per Sec.16 of CGST Act, 2017? Availment […]
The sanctity of the approval of the higher authority cannot be countenanced under the Income Tax Act 1961. The legislature has provided for many kind of safeguards against the action taken by the field officers one of them being in the form of approval from higher authority. One such approval is provided under section 151 […]
घर की बिक्री से मिली रकम पर कैपिटल गेंस टैक्स चुकाना पड़ता है. किशन और उनके तीन भाइयों ने हाल ही में अपना पैतृक घर बेचा है. वे इसके कानूनी वारिस थे. बिक्री की रकम सभी भाइयों ने आपस में बराबर-बराबर बांट ली है. क्या इस बिक्री पर कोई टैक्स देनदारी बनेगी? The Accounts hub […]
