Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
As the assessee’s non-appearance was judged to be dishonest, the Calcutta High Court recently rejected to quash and set aside the judgment reached by the Additional Commissioner, Central Goods and Services Tax (CGST), and Central Excise against the assessee. In response to the Show Cause Notice issued against the assessee according to Section 73 of […]
The Central Board of Direct Taxes (CBDT) provided in a circular dated 7th Dec, that the value of medical treatment furnished to the employee or any member of his family in any hospital that the employer maintained via the employer or any sum furnished via an employer for any expenditure made via the employee on […]
The Central Board of Direct Taxes (CBDT) has circulated the conditions to claim the income tax deduction for the expenses made on covid-19 treatment. The Finance bill 2022 would furnish a separate income tax deduction for the treatment of Covid-19. Clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 (the Act) […]
For the taxpayer ruling the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri N. V. Vasudevan, Vice President, and Shri Chandra Poojari, accountant member sees that the fact that taxpayer losses to answer to income tax notices because of pandemic situation is a reason for the delay and hence rendered the income […]
Covid-19 medicines and instruments are sold at a GST rate of 5% while the additional medicines are being sold at a GST rate between 5% to 12% ever since the pandemic begin, Central minister of state for the Finance Pankaj Chaudhary mentioned in the Lok Sabha. Chaudhary indeed mentioned that 66% of the government-sponsored health […]
On Tuesday CBDT (The Central Board of Direct Taxes) expanded the last date of income tax return (ITR) submitting for Assessment year 2021 -22 until March 15, 2022, for certain taxpayers who are entitled to an audit, said by the Ministry of Finance asked. “On consideration of difficulties reported by the taxpayers and other stakeholders […]
Covid-19 has influenced people all across the world in a bigger way. It produces an effect on the financial state of the people living in the world. Towards the medical treatment for those who get influenced through covid-19. Here, we have mentioned all details about income tax refund of TDS deducted on medical treatments for […]
The second wave of Corona-19 has ruined and devastated the life of crores of people on our planet. To date, nearly 185,390,254 people have slipped in this death trap; however, the major proportion of people have survived and the others have lost their lives. Still, there are hundreds of people who are still struggling for […]
In yet another attempt to provide relief to the Company Secretary Students who are facing the evils of second Covid-19. The Institute of Company Secretary of India (ICSI) has stretched the last date of the ECSIN Amnesty Scheme, 2021 along with the UDIN Amnesty Scheme, 2021 till June 30, 2021. For the above-mentioned extension, an […]
