Editor5's Posts - Page 4

Mock Test Papers Series I & II for May 2021 CA Examination

Board of Studies of ICAI is commencing Mock Test Papers Series-II from April 22, 2021 for students appearing in CA Foundation, IIPC & Intermediate; Final Old & New May 2021 examination....

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Posted Under: CA, CS, CMA |

Check How Much Income Tax Is Paid By You

Form 26AS Can Be Verified And Seen By Different Modes As Below:- Through Logging in at e-filing portal. ♦ Login to e-filing portal at www.incometaxindiaefiling.gov.in ♦ Go to ‘my account’. ♦ View ‘Form 26AS (Tax Credit)’. ♦ Confirm to redirect to “TDS TRACES CPC’ website. ♦ Click on “Vie...

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Posted Under: CA, CS, CMA |

How to apply for corrections in TAN data 

STEPS FOR ONLINE CHANGE REQUEST Step – 1 Visit: https://tin.tin.nsdl.com/tan/changeRequest.html Read the guidelines carefully and click the drop-down and ‘select’ the appropriate tax entity seeking correction of TAN data, below the section ‘Apply for changes or correction in TAN Data’. Step – 2  Fill t...

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Posted Under: CA, CS, CMA |

How To Apply For Correction in Income Tax TDS Payment Challan

NEED FOR CHALLAN CORRECTION While depositing TDS payment to the central Government Acoount using either online or offline mode following errors can occur at Deductor or Bank end:- 1. Mentioned other TAN Number 2. Mentioned PAN instead of TAN 3. Selected wrong Minor Head/Major Head 4. Selected wrong Assessment Year 5. Selected wrong Nature...

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Posted Under: CA, CS, CMA |

How to apply for TAN

You can apply for TAN either online (using digital signature certificate or without using digital signature certificate) or through deposit of a paper application through TIN-FCs:. 1. Paperless fully Online TAN application, using digital signature certificate 2. TAN application through online facility: (without using digital signature cer...

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Posted Under: CA, CS, CMA |

No TDS on discount/commission on sale of prepaid sim cards & Roaming Charges

Vodafone Idea Ltd. Vs ITO (ITAT Delhi)

Vodafone Idea Ltd. Vs ITO (ITAT Delhi) At the outset, we find merit in the contention of the Ld. Counsel of the Assessee that in the absence of any adverse judgment by the Hon’ble Jurisdictional High Court, i.e., the Hon’ble High Court of Punjab & Haryana, there being divergence of judicial opinion on the subject […]...

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Insolvency Professional: A Key To Resolution

The Code provides a time-bound, market mechanism for reorganisation and insolvency resolution of persons (companies, limited liability partnerships, partnership and proprietorship firms and individuals) in distress. The objective of such reorganisation and resolution is maximisation of value of assets of the persons to promote entrepreneu...

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Posted Under: CA, CS, CMA |

New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme

New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme 1. The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below. Also Read:Updates in Forms GSTR-1, GSTR-3B & Matching Offline T...

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Posted Under: CA, CS, CMA | ,

Faceless Assessment under Income Tax  Act, 1961

The Faceless Assessment Scheme is one of the biggest Direct Tax reforms in India based on Key Principles of Efficiency, Transparency and Accountability. The Income Tax Department is bringing about a pardigm shift in building the future with technology by pioneering an ecosystem of assessments and appeals founded on Data and AI. Faceless A...

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Posted Under: CA, CS, CMA |

Steps for Rectification of Income Tax order/Intimation

Rectification of Order/Intimation The return filed by the taxpayer will be processed by Income Tax Department (ITD) and intimation will be sent to the assessee under section 143(1) based on details disclosed by the taxpayer and rules deployed at the processing center of ITD. In case, the taxpayer wants to seek rectification of a mistake [...

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Posted Under: CA, CS, CMA |

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