Understand the impact of the CBDT circular on TDS on benefits or perquisites u/s 194R. Learn about the new section 194R and its implications on tax deductions.
HC was not satisfied with cryptic unreasoned order three line order Passed by AO and Therefore, quashed and set aside the assessment order
Find out which businesses and professions are excluded from the presumptive taxation scheme u/s 44AD of the Income Tax Act.
For some of the taxpayers, there was an issue in relation to duplicate entries in GSTR2B which has since been fixed and correct GSTR 2B has been generated. In this regard, taxpayers while filing GSTR3B are advised to check and ensure that the value of ITC they are availing is correct as per the law.
Stay updated on current trends, laws, and judicial approaches in electronic commerce taxation. Explore the world of e-commerce and its impact on taxation.
High Court held that IBC law overrides Income Tax law. The assessment proceedings initiated by the Income Tax Department for the assessment year which is covered by the date of resolution plan approved by the NCLT is not permissible as per IBC and hence, notices issued during the said period are liable to quashed.
Understand the recovery of interest without adjudication under GST. Learn about the provisions and procedures for tax recovery in the CGST Act.
CBDT on 14th June 2022 has finally released after 74 days Excel offline Utility of ITR-5 [For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7] for Assessment Year 2022-23 Punjab and Haryana High Court Judgment in the case of Vishal Garg Vs UOI has instructed CBDT to ensure that […]
Understand Rule 12 of Income Tax Rules wef 01.04.2022 for Assessment Year 2022-23. Get ready for the updated regulations with Taxguru Team.
Calcutta High Court order on Penny stock in which Department’s appeal in penny stock case has been allowed. The Orders of AO and CIT(A) have been restored. Reversed the order of ITAT. The Court Held that : 1. The assessees cannot take shelter under the opinion given by the experts as it is not the […]
