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Archive: 20 October 2020

Posts in 20 October 2020

FAQs on LTC Cash Voucher Scheme

October 20, 2020 14442 Views 8 comments Print

Clarification regarding queries being received in respect of Special cash package equivalent in lieu of Leave Travel Concession Fare for Central Government Employees during the Block 2018-21.

Extension of ad-hoc appointment of 694 Income Tax Officers

October 20, 2020 1272 Views 0 comment Print

I am directed to refer to the abovementioned subject and to convey concurrence of the Department of Personnel & Training (DoP&T) in respect of 694 officers, as in Annexure-A, for extending the ad-hoc appointment to the grade of Income Tax Officer till 31.12.2020, made by the respective Cadre Controlling Authorities (CCAs).

Highlight of PM’s address to the nation with text of Speech

October 20, 2020 774 Views 0 comment Print

In a televised address to the nation, the Prime Minister Shri Narendra Modi made a fervent appeal to all the citizens to not let their guard down and become complacent, in the country’s ongoing fight against the Covid Pandemic.

Contactless delivery of international courier consignments -reg.

October 20, 2020 579 Views 0 comment Print

Circular No. 47/2020-Customs F. No. 451/13/2020-Cus. V Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs ************ North Block, New Delhi Dated 20th October 2020 To, All Principal Chief Commissioners/Chief Commissioners of Customs Principal Directors General/Directors General of Customs Principal Commissioners/Commissioner of Customs Subject: Contactless delivery of international […]

Municipal tax levied on advertisement hoardings in private properties post GST Implementation is valid: HC

October 20, 2020 14955 Views 0 comment Print

Selvel Media Services Private Ltd. Vs Municipal of the City of Ahmadabad (Gujarat High Court) Issues- By this petition under the Articles 226 and 227 of the Constitution of India, the petitioner has challenged the Resolution no.928 dated 28th November 2018 and the Resolution dated 24th December 2018 passed by the Standing Committee of the […]

Request to extend time to file GSTR-3B for September, 2020

October 20, 2020 52494 Views 15 comments Print

Request for extension of time to file GST return in Form GSTR-3B for the month of September, 2020 by registered tax payers having turnover of more than Rs. 5 Crores which would include time to claim ITC of 2019-20.

Benefits For Senior Citizens Under Income Tax Act 1961

October 20, 2020 6966 Views 13 comments Print

In our country, great respect has been given to the Senior Citizens in all fields including under the Income Tax Act. In all modes of travelling concessional rates are provided either by Air, Train or Road, separate queue etc. Under the Income Tax Act, benefits are given to Senior Citizen and Very Senior Citizen that […]

Basics of Income Escaping Assessment – Section 147 – Income Tax Act, 1961

October 20, 2020 22521 Views 0 comment Print

1) Section 147 of the Income Tax Act, 1961 dealt with ‘Assessment or Re-assessment of Incoming Escaping Assessment’. 2) Re-Assessment of Income is possible only in the case of Section 147 & Section 153A i.e. Reassessment in the case of search & Seizure.

No disallowance u/s 14A if assessee does not have tax-free income

October 20, 2020 15635 Views 0 comment Print

Section 14A has been inserted in Chapter IV of the Income tax Act by the Finance Act, 2001, with retrospective effect from 1-4-1962. This Section provides for disallowance of expenditure incurred in relation to income which is not included in the total income of the assessee (i.e. exempt income). The operative part of this Section reads as under:

TDS Return Under GST

October 20, 2020 15357 Views 0 comment Print

Who is required to deduct and file GST TDS return? The registered taxpayers who deduct the TDS under section 37 of GST rules are required to file TDS return form in the GSTR 7. According to the Notification No. 33/2017 Central Tax, 15th September 2017, these entities also need to deduct TDS- 1. An authority […]

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