The government extended date to link Aadhaar with PAN from 31st March 2021 to 30th June 2021. Announcement for the same was done by the Official Twitter handle of Income Tax India at 7:54 pm on 31st March 2021. The income tax department in its tweet said: Central government extends the last date for linking […]
Issued an advisory to all States and Union Territories (UTs), for implementing intensive, local and focused containment framework, in specific districts/ cities/ areas. identified based on a prescribed criterion;
India’s e-commerce sector stands 9th in global cross border growth. While China takes the first position, Japan follows India at the tenth place after India as per the global rankings for the growth in e-commerce sector. Introduction India known for its rich diversity and culture, is more of a combination of various splendid cultures that make India […]
वित्तीय वर्ष 2020-2021 के लिए CBDT ने दिनांक 03.04.2021 को आयकर फॉर्म्स जारी कर दिए एवं ITR-1 और ITR-4 की ऑफलाइन यूटिलिटी जारी कर दी है I ज्ञात रहे कि आयकर फॉर्म्स जारी कर देने मात्र या आयकर विवरणी की ऑफलाइन यूटिलिटी जारी कर देने मात्र से करदाता अपनी आयकर विवरणी दाखिल कर सकता, यह […]
Understanding the penalty provisions under section 271(1)(c) of the income tax Act, 1961 when income is determined by AO through estimation.
In the absence of exhausting appellate remedies by assessee, the High Court was losing the benefit of deciding the classification of product “Herbal Sherbat Granules” on merits as High Court could not conduct a trial or examine the original records in the writ proceedings under Article 226 of the Constitution of India. Thus, the Courts should not provide an unnecessary opportunity to assessee to escape from the liability merely on the ground on jurisdictional error, which was rectifiable.
YSI Automotive India Pvt. Ltd. Vs Commissioner of Customs (Madras High Court) EPCG scheme Non-mentioning of authorisation in case of third-party exports is not fatal: The Madras High Court has held that the requirement of mentioning EPCG licence of the manufacturer in the shipping bill, in case of third-party exports, though mandatory as per Para […]
ITAT Chandigarh addresses limitations, record definition, and right to be heard in Amrik Singh Bhullar Vs ITO case. Important insights for taxpayers.
SEBI extends deadline for the quarter / half year / year ending March 31, 2021 for various filings and relaxation from certain compliance obligations under the LODR Regulations inter- alia due to ongoing second wave of the CoVID-19 pandemic and restrictions imposed by various state governments. Securities and Exchange Board of India CIRCULAR No. […]
SEBI Extended deadline for the quarter / half year / year ending March 31, 2021 for certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 due to the CoVID-19 pandemic. Securities and Exchange Board of India CIRCULAR No. SEBI/HO/CFD/CMD1/P/CIR/2021/556 April 29, 2021 To All entities that have listed their specified securities All Recognized […]
