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Archive: 17 November 2021

Posts in 17 November 2021

Annual Information Statement (AIS) of Income Tax – FAQs

November 17, 2021 181269 Views 16 comments Print

This article answer FAQs on Annual Information Statement (AIS), Taxpayer Information Summary (TIS), Accessing AIS on Portal, Viewing Annual Information Statement (AIS) through Portal, Downloading AIS related files through Portal, Submitting feedback through Portal, Modify Feedback through Portal, Viewing AIS through AIS Utility, Submitting Feedback through AIS Utility, Saving draft feedback file on AIS Utility, […]

Annual Information Statement (AIS) Presentation

November 17, 2021 9543 Views 0 comment Print

Taxpayer Information Summary (TIS) is an information category wise information summary for a taxpayer. The same is updated based on the feedback provided by taxpayer in AIS

Annual Information Statement (AIS) Utility Presentation

November 17, 2021 25449 Views 0 comment Print

Annual Information Statement (AIS) Utility Presentation Background ♦ To promote transparency and simplifying the tax return filing process, CBDT has amended Form 26AS (vide Notification dated May 28, 2020) ♦ The new Form 26AS is an Annual Information Statement or AIS which will provide a complete profile of the taxpayer for a particular financial year. […]

Annual Information Statement (AIS) User Guide – AIS Utility

November 17, 2021 139521 Views 3 comments Print

User can view Annual Information Statement (all parts and information) by importing the downloaded (AIS) – JSON file and can prepare the feedback through AIS Utility as well in offline mode. The purpose of this document is to provide a comprehensive understanding of the Annual Information Statement (AIS) Utility available at Compliance Portal (AIS Homepage). […]

SEBI (Intermediaries) (Third Amendment) Regulations, 2021

November 17, 2021 3900 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Intermediaries) (Third Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

Income Tax Department conducts searches in Delhi and Haryana

November 17, 2021 396 Views 0 comment Print

Income Tax Department conducts searches in Delhi and Haryana The Income Tax Department carried out search and seizure operations on 09.11.2021 in the case of a Fintech company providing instant short term personal loan through Mobile App. The searches were conducted on the business and residential premises in Delhi and Gurugram. During the search, it […]

Collection of cash handling charges from stamp vendors by SBI is illegal

November 17, 2021 2085 Views 0 comment Print

P.S.Shanmuga Sundaram Vs Director Treasuries and Accounts Department (Madras High Court) Facts- The Petitioners are in the business of vending stamp papers since 1988 and holding valid licenses. The grievance of the Writ Petitioners is that since January, 2015, the Respondents are illegally demanding the Petitioners to deposit Rs.15/- for every bundle of currency, i.e., bundle […]

General Agenda items for First Board Meeting of Company Post Incorporation

November 17, 2021 31866 Views 0 comment Print

As we see now a days, so many companies are getting incorporated successfully with different objectives in the form of Public, Private or any other identity as per the provisions of Companies Act, 2013 & via Several other applicable laws. Eventually even after incorporation, a number of compliances has to be done by the Company […]

Disputed tax under DTVSV Act doesn’t include interest granted u/s 244A of IT Act

November 17, 2021 2424 Views 0 comment Print

From a conjoint reading of Section 2(1)(j)(A), Section 2(1)(o)(i), Section 3, Section 5 and Section 6 of the DTVSV Act, it is clear that there is no provision in the DTVSV Act, which authorises recovery of interest paid earlier by the Department under Section 244A as disputed tax, there being no statutory mandate for the Designated Authority to recover interest as disputed tax in the manner sought to be done in this case.

No Service tax on commercial training/ education institution issuing course certificate which is recognized by law

November 17, 2021 7068 Views 0 comment Print

-We find that the ‘Commercial training/ education/ coaching’ provided by the appellant imparts skills to the students/ trainees to enable them to seek employment or undertake self-employment directly upon completion of the course.

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