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Search results for: income tax department

Assocham Suggestion for TDS Rationalisation

Assocham Expects Govt for 1 or 2 TDS Rates in 2022-23 Union Budget

Assocham in its recent suggestion the government of India has made a clear indication towards the reduction in the TDS for the next budget and has cited the reason that the litigations of accurate rate on the application. Currently, there are multiple rates on the charts of the Income-tax act on multiple categories of the […]

New Amendment for GST ITC

Govt Authority Mandates Invoices Matched for GST ITC from 2022

Under the GST regime, the finance ministry has circulated a notice dated 1st Jan 2022 as the date towards the norms pointing 100% invoice matching essential for GST ITC (Input Tax Credit). Towards every taxpayer, the framework computes GST ITC based on the return furnished through his or her supplier. “These curb the chance of […]

All About MCA e-Form CRA-4 Form

Simple Guide of Filing e-Form CRA-4 for Cost Audit Report

The government has detailed the e-form CRA-4 and its relevant guidelines with due dates as well as the threshold limits of form applicability. The post also includes the annexures with the dates as part of overall compliance. Check out in detail below: e-Form CRA-4 Rules and Sections Under Company Act Part I – Law(s) Governing […]

Every Detail About Salary Slip

All About Salary Slip with Format and Its Important Parts

The Proper Definition of Salary Slip Employee salary slip is a document given by the employer to the employee upon receiving of income every month and has complete details including gross salary to net salary with deductions. All information can be seen in a proper salary format which is prescribed by the government. It shall […]

TDS Exemption on E-Auction Services

CBDT Guidelines for TDS Exemption on E-Auction Services U/S 194-O (Read Order)

CBDT provides that the rules that mentioned that there shall be no TDS beneath section 194-O of the income tax act are needed on e-auction services. Through several stakeholders, the board has obtained representatives who are engaged in the business that poses e-auction services via an electronic portal owned, operated, or maintained by e-auctioneer. In […]

Trademark Agent Registration Process for CS

Easy Registration Procedure for CS As a Trademark Agent

A trademark agent or attorney is a permitted verified professional who suggests complete legal concerns of the Trademark filings, registration, and objections. To hold the trademark agent it is essential to clarify the exam accompanied by the Trademarks Registry called the Trademark Agent Exam. A company Secretary shall get privileged from the Trademark Agent Exam. […]

CBDT e-Settlement Scheme 2021

All About CBDT e-Settlement Scheme 2021 with Applicability

What is CBDT New e-Settlement Scheme 2021? CBDT has to vide Notification No. 129/2021 Income Tax on 01.11.2021 and beneath sections 245D (11) & 245D (12) of the Income-tax Act, 1961 provided e-Settlement scheme, 2021 to settle due income-tax settlement applications assigned to a settlement commission. Subject Ability & Reach of e-Settlement Scheme, 2021 Which […]

CBIC Instructions on GST SCNs Based on ITR-TDS Database

CBIC Issues GST SCNs Instructions to Officials Based on ITR-TDS & Returns

The Central Board of Indirect Taxes and Customs (CBIC) rendered that the GST Officer provide show-cause notices on the grounds of the difference in ITR-TDS data and service tax returns postponement to the proper verification. Through several trade authorities and the council, the board obtained the representatives towards the instances of indiscriminate issuance of demand […]

Bombay HC's Order for AO on Faceless Assessment

HC Quashes Faceless Assessment Order Passed without Mind Application

The imposition by the Bombay High court upon the tax council specified that the actual costs on AO and suppressed the Faceless Assessment orders passed excluding the application of mind. The applicant is the owner of Mantra Industries ltd revocate the Income-tax department’s executions of the penalties with respect to it beneath section 274 read […]

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