The Income Tax Department has recently come up with the new ‘Annual Information Statement’. By providing a comprehensive view of all the financial transactions of the taxpayer, ‘Annual Information Statement’ aims to make the income tax return filing quite easy. Out of various information categories covered under ‘Annual Information Statement’, in the present article, we […]
Bennett Coleman & Co. Ltd. Vs DCIT (Bombay High Court) Section 215 of the Act makes it clear that the Assessee is required to pay interest where he has paid advance tax less than 75% of the assessed tax, the Assessee is required to pay simple interest @ 15% p.a. from the first day of […]
Healthcubed India Private Limited Vs Assistant Commissioner (ST) (Madras High Court) The show cause notices details and articulates the case of the respondent. It is for the petitioner to reply to the show cause notices to have the goods cleared. If the goods were really meant to be sent to Karnataka for which the petitioner […]
Strategies are what help you for your long-term survival in the field. Strategies in forex trading play a crucial role in improving trading skills to help you monitor your trades, determine the market’s conditions, explore opportunities more deeply, and consistently run in the race. So, build your perfect trading strategy by considering and implementing in the following ways:
DI Gold Designer Jewellery Vs Commissioner of Customs (CESTAT Delhi) In the present case, when apparently, the show cause notice proposing confiscation of goods seized under Section 110 of Customs Act was issued after one year from the date of seizure. The show cause notice itself gets hit by limitation as the show cause notice […]
देश में पिछले साल 7.50 करोड़ रिटर्न फाइल हुई, इसमें से 6 करोड़ रिटर्न नान टैक्सेबेल थी यानि ज्यादातर सिंपल रिटर्न फार्म सहज और सुगम में फाइल होती है. बड़ी रिटर्न यानि फार्म 3,5 और 6 उन 1.50 करोड़ रिटर्न में आती है जो 90% कुल टैक्स का योगदान देते हैं. आयकर विभाग रोज आंकड़े […]
