Jamshedpur Chartered Accountants Society has made a representation to Finance Minister on Relaxation urgently required in Audit Compliance due to outbreak of COVID-19 once again in the whole country. They requested that due dates of filing various Audit Reports for the financial year 2020-2021 to be extended at least by two months from existing due […]
The order dated 23.03.2020 is restored and in continuation of the subsequent orders dated 08.03.2021, 27.04.2021 and 23.09.2021, it is directed that the period from 15.03.2020 till 28.02.2022 shall stand excluded for the purposes of limitation as may be prescribed under any general or special laws in respect of all judicial or quasijudicial proceedings.
Stay compliant with TDS regulations. Learn about the TDS rate chart for various payments under the Income Tax Act to ensure accurate deductions.
Owing to the new introduction, it is important to understand each and every information category of the ‘Annual Information Statement’. The present article highlights the information category ‘purchase of securities and units of mutual funds’ as covered under ‘Annual Information Statement’. Information source for the information category ‘Purchase of securities and units of mutual funds’ […]
Lucknow CA Tax Practicioner’s Association has made a representation for extension of due dates for filing of Tax Audit Reports (TAR) and filing of Income Tax Returns (ITRs) under the Income Tax Act 1961. LUCKNOW CA TAX PRACTITIONERS ASSOCIATION Room No 13, Aayakar Bhawan, Ashok Marg, Lucknow-226001 Email: lucknowca.tpa@gmail.com CA Sujeet K. Singh (President) M. […]
Discover how to legally avoid income tax on an individual income of Rs 10 lakhs. Learn about the exemptions and deductions that can help you save money.
Parvaiz Ahmad Bhat Vs Fida Mohamamd Ayoub (Jammu and Kashmir High Court) The question whether stop payment instructions, which result in dishonor of a cheque, would amount to an offence under Section 138 of the NIA Act, was considered by the Supreme Court in M. M. T. C. Ltd. Vs. M/S Medchl Chemicals, (2001) 1 […]
Khevana Securities and Finstock Ltd. Vs ITO (ITAT Ahmedabad) Learned AR at the time of hearing has strongly emphasized that the impugned amount represents the capital receipt on account of breach of the contract and therefore the same cannot be brought to tax. In support of his argument, the learned AR vehemently relied on the […]
Adithya Builders and Developers Vs Commissioner of Central Tax (CESTAT Bangalore) In a major relief to the Adithya Builders and Developers, the Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that Service Tax Levy depends on services rendered, not on basis of agreements where no payment received by service provider. The […]
Niyant Heritage Hotels [P] Ltd Vs I.T.O (ITAT Delhi) There Is no dispute that the assessee is running a resort at Raj Niwas Palace, Dholpur. It Is also not In dispute that being a tourist place, the occupancy is not throughout the year but only in seasons favourable to the tourists. Therefore, basis the revenue […]
