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The Income Tax Appellate Tribunal (ITAT) Delhi ruled that long-term capital gains tax The Income Tax Appellate Tribunal (ITAT), Jaipur, has ruled that the previous water and electricity bills can not be provided as proof of construction. read more will be not imposed on the Indirect transfer of Indian assets. It came up in a […]
The Central Board of Direct Taxes released a Press Release dated October 15, 2020, in which the board notified that the Income Tax Department has carried out searches and seizure action in Delhi, NCR, and Haryana on October 14, 2020. This has been done by the department in the case of a leading advocate practicing […]
A order in Form GST REG-05 will be passed by the Proper Officer in case when one of the following application get rejected: GST registration Application GST registration Amendment Application Application for Cancellation of GST registration Get to know easy steps for cancellation of GST registration online on GST portal of migrated taxpayers. We included […]
When an applicant submits an application of GST registration in Form GST REG-01 an authorised proper officer will check, verify and examine their application. If the proper officer requires additional information or documents or even clarification then notice in form GST REG 03 will be served to the applicant. The Proper Officer will mention the […]
The Central Board of Indirect Taxes and Customs (CBIC) made two important announcements recently. In first It extended the due date of submission of Form GSTR-1 The complete guide for online filing GSTR 1 form in a very easy and step by step manner. We have explained its part 1 to part 13 with the […]
There was a GST Council meeting scheduled from 4-6 pm on Monday October 12, 2020, but ahead of that Union Finance Minister Nirmala Sitharaman addressed a press conference. The Finance Minister came up with several proposals to stimulate demand in the economy, which broadly fall under two heads consumer spending and capital expenditure. Latest Update […]
Form GST REG-01 is used to obtain the Good and services Tax (GST) registration. Today in this article we are explaining each and everything about Form GST REG 01. Applicability of Form GST REG-01 As Rule 8(1) of the Central Goods and Services Tax Rules, 2017, states that every person who wants to obtain Good […]
For talented students, the dream of obtaining a foreign degree has become far-fetched, as tax will be collected at source TCS if the remittance amount exceeds Rs 7 lakh. While the TCS rate will be 0.5 percent (Till 31st March 2021: 0.375%), when the amount is received from a financial institution. Whereas if it is […]
The Covid-19 Pandemic has changed many things, one of the biggest changes is now work from home has become the new norm, many people have left their rental accommodation and shifted to their hometown. Due to losses and financial issues, many tenants have renegotiated the rent or requested for the waiver of the same. In […]