This article explores the NPS tax benefits, its features, and how it compares to other popular tax-saving instruments. Additionally, we’ll guide you on how to open an NPS account so you can make an informed decision.
Himachal Pradesh HC rules that late fee waiver under Notification No. 07/2023 applies to GSTR-9 returns filed before the amnesty period, ensuring fair treatment for taxpayers.
SA 240 addresses misstatements in financial statements arising from fraud or error. Fraud involves intentional acts of deception by management, employees, or third parties for illegal advantage, manifesting as either asset misappropriation (employee fraud) or financial misrepresentation (management fraud).
The Central Board of Indirect Taxes and Customs (CBIC) has announced significant extensions to the deadlines for filing Goods and Services Tax (GST) returns. These extensions, published under Notification Nos. 01/2025, 02/2025,03/2025, 04/2025,05/2025 & 06/2025 – Central Tax, are critical for businesses to note as they prepare for compliance obligations. Here’s a detailed overview: Notification […]
सुप्रीम कोर्ट ने कानून के छात्रों के लिए आपराधिक पृष्ठभूमि की जांच, बायोमेट्रिक उपस्थिति और सीसीटीवी निगरानी को अनिवार्य करने वाले बीसीआई के परिपत्रों को चुनौती देने वाली याचिकाओं पर सुनवाई की।
Learn about ELSS funds, their tax-saving benefits under Section 80C, and how they combine equity investment with wealth creation for better returns.
Writ petition was filed as petitioner could not appear before appellate authority as she was, being handicapped, was undergoing treatment when notices were sent to her. Due to which she could not represent his case before appellate authority.
In the matter abovementioned ITAT directed the CPC to consider the due date as extended by the CBDT for the purpose of claim of exemption under section 11 & 12 of the IT Act. Assessee, being a society, filed its ITR for AY 2018- 19 after due date on 29.10.2018 along with audit re-port. Due to which exemption u/s 11 & 12 was denied by CPC.
Petitioner claimed that there are two assessment proceedings which were undertaken simultaneously for the very same period viz., 2019-20. The first proceeding commenced with the issuance of a notice dated 30.05.2023 in DRC-01A, followed by a Show Cause Notice in Form DRC-01 dated 18.07.2024 and culminated in an order dated 21.08.2024 wherein the proposal to reverse the Input Tax Credit was dropped.
The writ petition is filed by the petitioner as no appellate tribunal is so far constituted in the state and the petitioner being aggrieved from the orders passed by the lower authorities could not file further appeal before tribunal. It is further submitted that 10% of total amount is already remitted as pre-condition for filing appeal
