"14 January 2021" Archive - Page 2

Extension of due date for filing TAR/ITR – HC declined to interfere

High Court (HC) declined to interfere in the matter of extension of the due date for filing Tax Audit Report (TAR) and Income Tax Return (ITR) The Hon’ble Gujarat High Court in All Gujarat Federation of Tax Consultants v. Union of India [R/Special Civil Application No.  13653 and 660 of 2021, dated January 13, 2021] […]...

Read More
Posted Under: Income Tax | ,

HC deletes penalty equal to tax amount for E-way Bill Expiry & Imposes Rs. 10000 Penalty

M/S Sri Gopikrishna Infrastructure Pvt.Ltd Vs The State of Tripura and Ors (Tripura High Court)

M/s. Sri Gopikrishna Infrastructure Pvt.Ltd Vs State of Tripura and Ors (Tripura High Court) Quantum of penalty for transportation the taxable goods without the cover of valid e-way bill Learned counsel has fairly stated that only violation that has been noticed by the taxing authority is of not carrying the valid e-way bill against the [...

Read More

Section 234B interest cannot be levied when entire income is subject to TDS

NGC Network Asia LLC Vs DDIT- International Tax (ITAT Mumbai)

NGC Network Asia LLC Vs DDIT- International Tax (ITAT Mumbai) One of The ground raised by the assessee is with regard to charging of interest u/s.234B of the Act. We find that assessee is a non-resident whose entire income is subject to deduction of tax at source u/s.195 of the Act. Accordingly, the assessee had […]...

Read More

KYC data of Institution / Legal Entity to be uploaded to CKYCR from April 2021

KYC data of Institution / Legal Entity to be uploaded to CKYCR from April 2021 In terms of the provisions of Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, as amended from time to time by the Government of India, Financial Establishments such as, Banks, NBFCs etc. [her...

Read More
Posted Under: Income Tax |

Adjudication of Penalties under Companies Act 2013- Analysis

What is an Offence? The term ‘Offence’ is not defined under the Companies Act 2013 (the ‘Act’). Sec 3(38) of the General Clauses Act, 1897 ‘Offence’ means any act or omission made punishable by any law for the time being in force. Section 2(n) of the Criminal Procedure Code ‘Offence’ means a...

Read More
Posted Under: Income Tax |

Response to outstanding Income Tax Demand

The Taxpayer can submit the response online to the outstanding demand by performing the below steps. 1. Go to the Income Tax e-Filing portal, `www.incometaxindiaefiling.govin’ 2. Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’. 3. Post login, click on the ‘e-File’ ...

Read More
Posted Under: Income Tax |

On going farmers’ agitation

The present ongoing agitation is led by 35 farmers’ union out of which 31 are from Punjab alone who are mostly cultivators of wheat and paddy and the others being from Haryana, western U.P and M.P. The farmers’ unions affiliated to left wing political parties, Aam Admi Party, Akali Dal and the Congress have also […]...

Read More
Posted Under: Income Tax |

Requirement of filing of Bill of Coastal Goods (BCG)

Instruction No.01/2021-Customs 14/01/2021

All coastal vessels carrying exclusively coastal goods and operating from either coastal or EXIM berths has been exempted from the provisions of Sections 92, 93, 94, 95, 97 and 98(1) of the Customs Act, 1962 vide Notification No. 56/2016-Cus (N.T.), dated 27.04.2016....

Read More

Concession in surcharge levied on additional carpet area index in Maharashtra

Govt. Resolution No. TPS-1820/Ano.27/Pr.No.80/20/Nov-13 14/01/2021

Maharashtra Regional Planning and Town Planning Act, 1966. Instructions under Section 154 regarding concession in surcharge levied on additional carpet area index as per prevailing Development Control Promotion Rules … Government of Maharashtra Ministry of Urban Development, Mumbai 400 032. Govt. Resolution No. TPS-1820 / Ano.27 / P...

Read More

IBBI (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021

Notification No. IBBI/2020-2021/GN/REG068 14/01/2021

These regulations may be called the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021....

Read More

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930