Akhilesh Kumar Sah articles

For section 10A, total turnover is sum of export & domestic turnover

Section 10A of the Income Tax Act, 1961 (the Act for short) deals with special provision in respect of newly established undertakings in free trade zone, etc. For the purposes of section 10A, total turnover is sum of export turnover as well as domestic turnover...

Read More
Posted Under: Income Tax |

Requirement to extend due date to file Tax audit report and related ITR

The due date for a person (other than a company) whose accounts are required to be audited under the Income Tax Act, 1961, may be increased to 31st October 2019 as the numbers of cases of audit are increasing and auditors have to incorporate data of GST Returns in the audit report apart from checking of the purchases, turnover, ITC, etc.,...

Read More
Posted Under: Income Tax |

Need to extend Income Tax Return due date of July 31 to December 31

Taxpayers faced a lot of problem last year and even pensioners/ senior citizens paid late fees on late filing of returns. With a view to make tax system taxpayers friendly and cooperative, the due date of 31st July should be changed to 31st December, every year. The coming central budget(on 5 July 2019) may consider the above mentioned ...

Read More
Posted Under: Income Tax |

Need to remove penal provisions in respect of Income Tax Returns due dates

Assessees as well as tax-practitioners are very much worried about the penal provisions in section 234F of the Income Tax Act, 1961 as well as harsh provisions in respect of newly introduced section 80AC of the Act where return of income is not furnished upto due date under section 139(1) of the Act....

Read More
Posted Under: Income Tax |

Review of extension of date for filing audit reports & ITRs is a must

It is estimated that a large number of cases are pending, countrywide, for audit as well as filing of related Income Tax Return(ITR), where there is compulsory requirement of audit & filing of ITR upto 31st of October 2017. Central Board of Direct Taxes (CBDT) has done a great job by already extending the due date of 30.09.2017 to 31.10.2...

Read More
Posted Under: Income Tax |

Extend Due Dates for Composite scheme & GST Return filing

There are many assessees who are still in the process of migration & many files have not been yet converted at the GST portal as final due to some technical and procedural problems. Also, there are problems in respect of claim of ITC in filing of GST Returns....

Read More
Posted Under: Income Tax |

Request to extend due date of filing ITRs from 31st July, 2017 to 30th Sep, 2017

Due to the implementation of the GST law from 01.07.2017 and the necessity of linking of PAN with Aadhaar Number from 01.07.2017 while filing ITR, has caused severe problems to tax-payers....

Read More
Posted Under: Income Tax |

Maintenance of accounts and records under CGST Rules, 2017

According to rule 56 of the Central Goods and Services Tax (Second Amendment) Rules, 2017, as per Notification No. 10/2017- Central Tax, dated 28.06.2017, the following accounts and records have to be maintained by a registered person:...

Read More
Posted Under: Income Tax |

Govt need to review policies before launching new Tax Systems like GST

After demonetisation, country is going to face another challenge in the form of GST. Tax-payers as well as general public is in haphazard position. States of India and government offices are facing problems in respect of the working of GST. ...

Read More
Posted Under: Income Tax |

Need For Postponement of GST Law Proposed w.e.f. July 1, 2017

There are some ground realities which should be taken into account while implementing in a short period of time, the new law countrywide, replacing Value Added Tax, Excise, Service Tax, etc. and making golden handshake with VAT of different States of India and Central Excise, Service Tax and some other notified taxes, presently in operati...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (6,059)
Company Law (8,334)
Corporate Law (10,058)
Custom Duty (9,240)
DGFT (4,797)
Excise Duty (4,730)
Fema / RBI (5,190)
Finance (5,586)
Income Tax (41,466)
SEBI (4,473)
Service Tax (3,971)

Search Posts by Date

June 2022
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930