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 […]
CBIC notifies Mechanism for filing of refund claim by the taxpayers registered in erstwhile Union Territory of Daman & Diu for period prior to merger with U.T. of Dadra & Nagar Haveli vide Circular No. 168/24/2021 – GST Dated: 30th December, 2021. Mechanism for filing of refund claim by the taxpayers registered in erstwhile Union […]
CBIC amends FTA/PTA notification to align with HSN 2022 w.e.f. 1.1.2022 vide Notification No. 60/2021-Customs, Dated: 30.12.2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 30th December, 2021 Notification No. 60/2021-Customs G.S.R. 917(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, […]
ROC Compliances: Extension of deadlines In addition to the Ministry’s General Circular No.17/2021 dated 29.10.2021, it has been decided that no additional fees will be levied for the filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL up to 15.02.2022 and up to 28.02.2022 for the filing of or filing of e-forms MGT-7/MGT-7A for […]
Delhi Govt notifies the extension of relaxation of 20% in the minimum rates (Circle rates) till 30.06.2022 for valuation of lands and immovable properties in Delhi under rule 4 of the Delhi Stamp (Prevention of Under-Valuation of Instruments) Rules, 2007 for the purpose of payment of Stamp duty under Indian Stamp Act, as applicable to Delhi […]
