a. Do away with the mandatory electronic furnishing of Form 10F – at least for those who do not have PAN. b. Alternatively, it is prayed to of such form can be undertaken electronically without creating a PAN-based login id on the Income tax portal – and ideally by a resident payer instead of the non-resident payee.
Sunil Saraf Vs Paramount Propbuild Pvt Ltd. (NAA) The brief facts of the present case was that a reference was received from the Standing Committee on Anti-Profiteering to the DGAP for conducting a detailed investigation in respect of an application filed by the Applicant No. 1 alleging profiteering by the Respondent in respect of purchase […]
The petitioner attempted to file a representation to revoke the cancellation of registration. The same was not accepted, since the request for revocation is not filed within the statutory period of 90 (30+60) days. The representation for revocation of cancellation of registration could not be done.
Understanding the risks of unauthorized forex trading platforms: Learn about RBIs warning and the implications for Indian residents.
Held that the assessee was not carrying on any share trading business, and it was the benami business of other assessee. Accordingly, denial of the claim of loss justified.
Rectification for Addition of Income under clause 16(d) of Tax Audit Report: Learn how to resolve issues related to reporting other income as per the tax audit requirements.
The word ‘adjudication’ has not been defined anywhere in Central Goods and Services Tax (2017). However, under section 2(91) and section 2(4) of the same, the act defines the two very important terms – Proper officer and Adjudicating authority, respectively.
Learn about LLP registration process and required documents. Get a step-by-step guide to forming an LLP and ensure compliance.
Learn about the format of Independent Auditors Report for FY ending 31/03/2022 as per CARO 2020. Understand the key components and requirements for a comprehensive audit report.
Sections 54 and 54F of Income tax Act, 1961 contain the provisions for claiming the deduction relating to long-term capital gains on the sale of house property and other capital assets and reinvestment while purchasing of residential house property.
