CA Tejas K. Andharia

TDS- How to download Justification report?

Income Tax - Nowadays, nearly every deductor or collector of tax at source is getting default report/Intimation u/s. 154 of I T Act, 1961 from www.tdscpc.gov.in . Those reports/intimation only say that this is the amount of default which may be due to late fees, interest on short payment, interest on late payment etc....

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Can Assessing Officer enforce payment of Advance Income Tax?

Income Tax - Section 234B and Section 234C provides for the interest payment, in case non-payment/short payment of advance income tax. But can the Assessing Officer enforce the payment of Advance Income Tax? ...

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Legal validity of newly inserted schedule in ITR-4 SUGAM of AY 2020-21?

Income Tax - Question on legal validity of newly inserted schedule in ITR-4 SUGAM of AY 2020-21 As we know, Schedule regarding ‘Financial Particulars of Business’ has been removed from ITR-4 SUGAM of AY 2020-21. And new schedule titled as ‘Particulars of Cash and Bank Transactions Relating to Presumptive Business’ has been inse...

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“Minimum Government – Maximum Governance” is just a phrase only & not a reality

Income Tax - When we look this slogan of Minimum Government – Maximum Governance from the perspective of Income Tax law, then also it seems that picture is quite different. In year 2014, when tax audit report format is changed by CBDT and schemas are released very late, many trade and tax consultant associations had opposed it....

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Changes in ITR-1 to 6 for Financial Year 2017-18 / AY 2018-19

Income Tax - Article discusses changes in ITR 1, ITR 2, ITR 3 , ITR 4 Sugam, ITR 5 and ITR 6 as released by CBDT for Financial Year 2017-18 / Assessment Year 2018-19 vide these changes CBDT has ensured more disclosures from Assessee regarding GST, Financial Particulars, Depreciation, ICDS, Late Fees U/s. 234F, Income from Other Sources, […]...

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Recent Posts in "CA Tejas K. Andharia"

TDS- How to download Justification report?

Nowadays, nearly every deductor or collector of tax at source is getting default report/Intimation u/s. 154 of I T Act, 1961 from www.tdscpc.gov.in . Those reports/intimation only say that this is the amount of default which may be due to late fees, interest on short payment, interest on late payment etc....

Read More
Posted Under: Income Tax |

Can Assessing Officer enforce payment of Advance Income Tax?

Section 234B and Section 234C provides for the interest payment, in case non-payment/short payment of advance income tax. But can the Assessing Officer enforce the payment of Advance Income Tax? ...

Read More
Posted Under: Income Tax | ,

Excel Utility to Compare Income Tax | Old & New Regime | Budget 2020

This is an Excel Utility with the help of which one can make simple calculations regarding comparative study of Income Tax as per old regime and income tax as per new regime laid down under budget 2020. User is requested to refer to the yellow colored cells of this utility specifically for giving inputs and […]...

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Posted Under: Income Tax |

Comparative Study of Old and New Regime of Income Tax Slabs

Comparative Study of Old and New Regime of Income Tax Slabs- In Budget-2020 proposals, new section 115BAC is proposed to be inserted w.e.f. AY 2021-22.  Some of the salient features of which are as under. 1. It is optional. 2. It is for Individual and HUF only. 3. It is subject to other special rates […]...

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Posted Under: Income Tax |

Legal validity of newly inserted schedule in ITR-4 SUGAM of AY 2020-21?

Question on legal validity of newly inserted schedule in ITR-4 SUGAM of AY 2020-21 As we know, Schedule regarding ‘Financial Particulars of Business’ has been removed from ITR-4 SUGAM of AY 2020-21. And new schedule titled as ‘Particulars of Cash and Bank Transactions Relating to Presumptive Business’ has been inse...

Read More
Posted Under: Income Tax |

E-Book on Union Budget 2019 – Analysis of Income Tax Proposals

Like every year, I am glad to present you an E-book on ‘Union Budget -2019 An Analysis of Income Tax Proposals for Layman as well Tax Practitioners’.  This e-book contains proposals of this budget and in addition to that references to relevant sections, sub-sections, clauses, sub-clauses, provisos etc. which are inserted or s...

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Posted Under: Income Tax |

E-book on In-depth Analysis of ITRs AY 2019-20

It’s my pleasure to publish this e-book on In-depth Analysis of I T Returns AY 2019-20. This e-book is an attempt to summarize the relevant changes in All ITRs except ITR-7. Comments are also given at relevant points regarding logic of introduction or omission of some parts in ITRs.  Some drafting mistakes in ITRs are […]...

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Posted Under: Income Tax |

E-book on Interim Budget – 2019 Analysis with Examples

This E-book / Article Contains following features of Interim Budget – 2019. 1. Standard Deduction and Rebate u/s. 87A 2. Example on Nil Tax for Senior Citizen upto Rs. 7.50 Lakhs Income 3. Example on Nil Tax for Others upto Rs. 7.10 Lakhs Income 4. Example on Extreme Tax Saving upto Rs. 11 Lakhs Income […]...

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Posted Under: Income Tax |

“Minimum Government – Maximum Governance” is just a phrase only & not a reality

When we look this slogan of Minimum Government – Maximum Governance from the perspective of Income Tax law, then also it seems that picture is quite different. In year 2014, when tax audit report format is changed by CBDT and schemas are released very late, many trade and tax consultant associations had opposed it....

Read More
Posted Under: Income Tax |

Changes in ITR-1 to 6 for Financial Year 2017-18 / AY 2018-19

Article discusses changes in ITR 1, ITR 2, ITR 3 , ITR 4 Sugam, ITR 5 and ITR 6 as released by CBDT for Financial Year 2017-18 / Assessment Year 2018-19 vide these changes CBDT has ensured more disclosures from Assessee regarding GST, Financial Particulars, Depreciation, ICDS, Late Fees U/s. 234F, Income from Other Sources, […]...

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