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Issues/glitches on new Income Tax Portal 2.0

June 20, 2021 16440 Views 20 comments Print

Karnataka Taxpayers & Practitioners Association has made a written representation regarding issues/glitches on the new Income Tax Portal 2.0 to Snit. Nirmala Sitharaman, Minister of Finance. Full text of the same is as follows:- KARNATAKA TAXPAYERS & PRACTITIONERS ASSOCIATION (State body of Taxpayer & Practitioners of Karnataka) 0/o Chairman Office: 1st Floor. Katrina Complex, Savarline […]

Govt refutes media reports of alleged black money held by Indians in Switzerland

June 19, 2021 768 Views 0 comment Print

Media reports allude to the fact that the figures reported are official figures reported by banks to Swiss National Bank (SNB) and do not indicate the quantum of much debated alleged black money held by Indians in Switzerland. Further, these statistics do not include the money that Indians, NRIs or others might have in Swiss banks in the names of third–country entities.

Govt measures for welfare of workers & their family members during pandemic

June 19, 2021 762 Views 0 comment Print

Ministry of Labour & Employment Minister of Labour and Employment Shri Santosh Gangwar releases pamphlets elaborating a slew of measures for welfare of workers and their family members during the pandemic Government is committed to towards the health,safety and welfare of workers:Shri Santosh Gangwar Posted On: 18 JUN 2021 2:54PM by PIB Delhi Minister of […]

MHA Advises States to Follow Test-Track-Treat-Vaccinate Strategy

June 19, 2021 717 Views 0 comment Print

To contain the spread of infection on a sustainable basis, it is necessary to continue the strategy of test-track-treat. It may especially be ensured that the testing rate does not come down. As the situation is dynamic, a close watch needs to be kept on early signs of a surge in active cases or high positivity rates.

Representation regarding issues / glitches on new Income Tax Portal

June 19, 2021 17955 Views 30 comments Print

ITBA &  AGFTC made made an attempt to bifurcate issues / glitches on new Income Tax Portal in major 5 parts, which may require attention at different levels and also there might be some modules and features in progress for development. The 5 parts are 1. Technical & Performance Issues, Issues with Data and Missing Data, Missing / Non-Working Modules, 4. Utility / Schema Related Issues and Non-Technical but Serious Issue. Read Full text of the representation below

Strict action be taken against those who assault healthcare professional

June 19, 2021 753 Views 0 comment Print

In the present circumstances, it has become imperative that strict action be taken against those who assault healthcare professionals. Institutional Fl Rs should be registered against assaulters and such cases should be fast tracked. You may also like to invoke provisions of the Epidemic Diseases (Amendment) Act, 2020, where applicable.

Compliance to be ensured by SEBI registered Investment Advisers

June 18, 2021 3060 Views 0 comment Print

As per Regulation 14 of SEBI (Investment Advisers) Regulations 2013 , SEBI may inter-alia recognize any body or body corporate for the purpose of regulating Investment Advisers and delegate administration and supervision of the IAs on such terms and conditions as may be specified.

Imported External/portable hard disk drive classifiable under Tariff Item 84717020

June 18, 2021 3000 Views 0 comment Print

Imported External/portable hard disk drive are classifiable under Tariff Item 8471 70 20 as Hard disk drives and not under Tariff Item 8471 70 30. Therefore we are of the considered opinion that the instant issue about classification of External/Portable Hard Disc Drives is no more res integra and the appellants have rightly classified them under CTH 8471 7020.

Highlights of recent Relaxation in Late Fees & Interest under GST

June 18, 2021 22743 Views 0 comment Print

a. Applicable only if GSTR-3B returns for these tax periods are furnished during the period between 01.06.2021 to 31.08.2021; b. Late fee capped to a maximum of Rs 500/- (Rs. 250/- each for CGST & SGST) per return for taxpayers, who did not have any tax liability for the said tax periods;

De-mineralized water for Industrial use is classifiable under CTH 2201

June 18, 2021 1698 Views 0 comment Print

In re Kasipalayam Common Effluent Treatment Plant Private Limited (GST AAR Tamilnadu) 1. In the proposed Modus of purchase of ‘Raw effluent’, treat it on own account and supply the outputs at market rates, the classification of supply of outputs as sale of goods is correct. 2. The classification of Water recovered, which is de-mineralized […]

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