Bombay Chartered Accountant’s Society has made following two brief representations on the various legal and procedural issues on the provisions relating to GST registration in the GST law and rules which are relevant from every taxpayer’s point of view. These representation deals with legal issues and procedural issues. Full text of the representation is as […]
Bombay Chartered Accountant’s Society has made a representation to CBDT Chairman and draw his attention towards the difficulties faced, in recent times, by resident taxpayers, in claiming Foreign Tax Credit (FTC) for their income abroad, while filing their return of Income in India. Full Text of their representation is as follows:- Bombay Chartered Accountant’s Society […]
Bombay chartered Accountants Society has made a representation to Smt. Nirmala Sitharaman, Hon’ble Union Minister for Finance and Corporate Affairs on Problems being faced by taxpayers on new portal E-filing 2.0. They summarized issues in the ensuing sections i.e. Issues relating to Login, Issues relating to E-filing, Issues relating to Services, Issues relating to Pending […]
RBI has provided that Cash-out at any ATM of more than ten hours in a month will attract a flat penalty of ₹ 10,000/- per ATM with effect from 1st October 2021. RESERVE BANK OF INDIA RBI/2021-22/84 DCM (RMMT) No.S153/11.01.01/2021-22 August 10, 2021 The Chairman / Managing Director & CEO All Banks Dear Sir / […]
In 2012, after the adversarial decision of Supreme Court decision in the case of Vodafone, Indian Government had introduced slew of retrospective amendments in the Income Tax Act. This led to severe criticism from the International community and investors and damaged India’s image as investment hub. It further augmented litigation and huge taxes were blocked.
Government released New ITR filing portal on 7th June, 2021 for improving efficiency of IT Portal, best user interface and better user services. However, since the day of its launch, portal is facing many problems/errors like unable to File ITR on New Portal, unable to do EVC (E-verify) of ITR, non launching of schema of […]
‘TAX ADVOCATES’ ASSOCIATION OF BENGAL’ has made a representation before Hon’ble Finance Minister on issues related to newly launched Income Tax Portal. Their representation is as follows:’ TAX ADVOCATES’ ASSOCIATION OF BENGAL 61A, A. J. C. Bose Road, Kolkata – 700 016 Phone : (033) 2226 – 6064 / 2227 – 7402 E-mail ID : […]
Representation against Harassment of Taxpayers by the Department by issuing Notices for non-filing of GSTR9/9A for different Financial Years by Punjab Accountants Association to Shri Paramjit Singh, D.E.T.C., Jalandhar. THE PUNJAB ACCOUNTANTS ASSOCIATION (Regd. Vide No. 304 of 2019-20 under the Societies Registration Act, 1860) OFFICE : R. K. ASSOCIATES, SEHDEV MARKET, JALANDHAR CITY E-mail […]
Hon’ble Finance Minister, Smt. Nirmala Sitharam in her Budget Speech on 1st day of February, 2021, omitted Section 35(5) and substituted Section 44 by Section 110 & 111 of the Finance Act, 2021 respectively in the CGST Act, 2017, so as to remove the mandatory requirement of furnishing a Reconciliation Statement (GSTR-9C) duly audited by […]
Karnataka State Chartered Accountants Association has made a representation to Smt Nirmala Sitharaman, Hon’ble Chairperson, GST Council Seeking Rationalisation of Provisions Relating To Revocation Of Cancellation Of Registration Under Amnesty Scheme. It requested the following- i. Necessary ROD orders may be issued u/s 172 of CGST Act, 2017, or any other alternative legislative measure may […]
