Stay up-to-date with the latest amendments in the world of GST. Find important clarifications and compliance timelines for the month of May 2022.
Discover seven smart income tax planning tips to reduce your tax liabilities legally and effectively.
The issue of validity of notices issued between April 01, 2021 and June 30, 2021 has been a subject matter of major litigation in the past year. Large number of writ petitions were filed across the country, challenging the constitutional validity of the notices issued under section 148 of the Act.
Stay updated on the recent developments in GST till 05th May 2022. Learn about the released and pending compensation to states and UTs.
Article contains Automatic Income Tax Calculator in Excel Format for Financial Year 2022-23 (FY 22-23) i.e. Income Tax Assessment Year 2023-24. Income Tax Calculator is Useful for the salaried employees of government and private sector. “Let everyone be subject to the governing authorities, for there is no authority except that which God has established. Give to […]
Union of India Vs Ashish Agarwal (Supreme Court) Hon. Supreme Court Validates Section 148 Notices issued after 31st March 2021- Surprising Turn of Events Introduction: – Various High Courts had quashed reassessment notices issued u/s 148 of the act, on the ground that the same are bad in law in view of the new reassessment […]
RBI Increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent.
A memorandum is submitted to Finance Minister on Grievance related to scheme of annual return filing for the composition dealers under GST Act — modify the Late fee Rs. 10000/- imposing contrary to the 43rd GST Council decision – rectifications need to erroneous auto filled columns in GSTR 4 forms. Full text of the same […]
SLV Housing Development Corporation Vs ACIT (ITAT Bangalore) Under Section 271(1)(c), two faults or omissions exposes the assessee to concealment penalty i.e. concealment of particulars of income and furnishing inaccurate particulars of such income. The assessee has admitted before the AO that the new auditor appointed, had pointed out certain mistakes in the expenses claimed […]
The functionality of AATO for the FY 2021-22 has now been made live on taxpayers’ dashboards with the following features: ♦ The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY). ♦ The taxpayers can also view the Aggregate Turnover of the current FY based on the returns filed […]
