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How to Register Digital Signature for eFiling of Income Tax Returns

September 25, 2020 234844 Views 27 comments Print

Here is the procedure to register the Digital Signature with Income Tax department website for eFiling of Income Tax Returns. STEP 1: Open I.T website -https://incometaxindiaefiling.gov.in/portal/index.doin Internet Explorer Click on the “ Login” tab to continue. Step 2: Registered Users should enter their User ID (usually PAN No.) and password and click Login. Step-3 On the Login Page, click on My Account and select Update Digital Certificate. Step-4 : Click YES , then tick the “Always trust content from the publisher” and then click on RUN on the following prompts: STEP 5: Choose the option “ Upload your USB token ” and click on Select your USB TOKEN Certificate button STEP 6: Click on Browse button and locate the file “C:WINDOWSsystem32eTPKCS11.dll” from your PC and then enter eToken password and click sign

906 Gms Jewellery gms was Reasonable for Assessee Married for More than 25 years

September 25, 2020 2481 Views 0 comment Print

whether the Tribunal is correct in making the addition of the entire jewellery found at the time of search as undisclosed income without appreciating that the said jewellery was acquired at the time of marriage over a period of time?

Penalty of twice the tax amount for mere delay in Entry Tax payment was unjustified

September 25, 2020 1734 Views 0 comment Print

National Asphalt Products and Construction Company Vs State of Tamil Nadu (Madras High Court) The issue under consideration is whether sales tax officer is justified in levying penalty at twice the amount of entry tax? High Court states that, under the Act penalty may be imposed for failure to register as a dealer Section 9(1) […]

Reopening of Assessment not allowed to Form Change of Opinion

September 25, 2020 1263 Views 0 comment Print

The issue under consideration is whether the reassessment proceeding u/s 147 initiated to form change of opinion which clearly amount to reviewing the original order of assessment is justified in law?

Income from Lease Money or Rentals taxable as Business Income if it is Exclusive or Predominant Business of Assessee

September 25, 2020 6516 Views 0 comment Print

The issue under consideration is whether the income earned by the Assessees during the Assessment Years in question from letting out of its warehouses or property to lessees, is taxable under the head ‘Income from Business’ or ‘Income from House Property?

Depreciation cannot be claimed on Enhanced Value of second hand Windmill

September 25, 2020 3408 Views 0 comment Print

The issue under consideration is whether the actual purchase price of a second-hand asset can be ignored by purported recourse to Explanation 3 to Section 43(1) of the Income Tax Act, 1961?

Unveiling the GST Registration Free of Cost Process

September 24, 2020 57162 Views 9 comments Print

Goods and Service Tax (GST)!! Currently this word brings happiness on the face of Government because of good centralised collection of the taxes and on the other hand this brings tension on the face of the tax payers because of lots of monthly compliances, professional fees, etc etc. If in such scenario someone comes and […]

Extend dates for various provisions under GST: BCAS

September 24, 2020 50712 Views 4 comments Print

BCAS submitted the ‘Representation on Extension of dates for various provisions under Goods & Services Tax Act 2017′  to the Finance Minister of India and Chairperson, GST Council. Text of the representation is as follows:- Date: September 24, 2020 To, The Hon’ble Finance Minister & Chairperson, GST Council North Block, New Delhi Sub: Extension of […]

Banks eligible to avail ITC on Insurances services availed for Rendering Output Services

September 23, 2020 861 Views 0 comment Print

The issue under consideration is whether the assessee banks are eligible for cenvat credit of service tax availed on insurance service received by the banks from the Deposit Insurance and Credit Guarantee Corporation?

Peer Review Certificate validity- Reckoning of date of revocation of lockdown

September 23, 2020 930 Views 0 comment Print

Reckoning the date of revocation of the lockdown to be 30th September 2020 w.r.t extensions granted regarding the validity of Peer Review Certificate in the wake of COVID -19 spurt across the country

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