The Telecom major Vodafone won a long pending case against the Indian government in an international court over Rs.22, 000 crore in retrospective tax dispute. Let’s take a look at what happened; Facts of the Case: The main companies involved were as under: HTIL Hutchison Telecommunications International Ltd (Hong Kong). It was the seller and earner of […]
Director-General of Income-tax (Systems) to upload information relating to GST return, which is in his possession, in the Annual Information Statement in Form 26AS, within three months from the end of the month in which the information is received by him.
ICAI has reported an increase of 37% in demand for newly qualified CAs for employment in industry through its campus placement programme concluded recently.
The Hon’ble Delhi High Court in National Highways Authority of India v. Sahakar Global Ltd. [O.M.P. (COMM) No. 486 of 2020 decided on September 29, 2020], dismissed the petition and refused to interfere with the arbitral award passed by the Arbitrator to pay the compensation for loss generated in revenue triggered by the reduced toll […]
The issue under consideration is whether the best judgement assessment can be set aside by filing revised return beyond specified time period?
The issue under consideration is whether assessee is considered as assessee in default u/s 201(1) and 201(1A) for non-deduction of TDS?
Examination Department The Institute of Chartered Accountants of India 27th September, 2020 IMPORTANT ANNOUNCEMENT The Election Commission of India through its press conference held on 25th September 2020 has announced Schedule of General Election to the Legislative Assembly of the State of Bihar whereby election to the State of Bihar is to be held on […]
Parliament received the assent of the President to Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 on the 29th September, 2020 and unless otherwise provided, it shall be deemed to have come into force on the 31st day of March, 2020.
It is stated that company can file Form DPT-3 till 31st December, 2020 without any additional fee, however, it has to be filed a FORM CFSS-2020 after closure of scheme.
ACIT Vs. Head Infotech India Pvt. Ltd. (ITAT Hyderabad) Assessee hosts online games and when the customers make payments through banking Gateways by way of credit or debit card of the relevant banks ( which are referred to as Gateways) and while transferring money to the assessee’s account, banks invariably retain service charges. It is […]
