Powerd By SAG INFOTECH
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A circular via the GST department might be furnished to address the dispute of the spate of notices sent before the Indian arms of the foreign firms asking for the tax salaries filed to immigrants via the local unit. As per the circular input tax credit (ITC) must not be held back from 2017 to […]
The Income Tax Appellate Tribunal (ITAT) in Chennai has adjudicated a series of appeals filed by Adithya Ferro Alloys Pvt. Limited against the Commissioner of Income Tax (Appeals)-10, Hyderabad, regarding different quarters of the Assessment Years (AY) 2013-14 & 2014-15. The pleas were concentrated on contesting fees charged under Section 234E of the Income Tax […]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has ruled that the income tax is not liable to be paid on services provided abroad by non-residents deputed by Indian employers. The bench of Saktijit Dey (Vice President) and B. R. R. Kumar (Accountant Member) noted that from the concurrent reading of Section 5 of […]
The Jharkhand High Court ruled that the show cause notice must provide the notice a reasonable chance to make the objections against the suggested charges shown in the notice and the individual move against should tell about the charges against him so that he could perform his defence and prove his innocence. In the whole […]
Nearly 4.4 million “targeted” emails have been sent by the government to the people who have gaps in the transactions on their accounts and the income they reported in last year’s tax filing cycle, as per the senior official, a forewarning has been issued by the tax department to assist the people for preventing to […]
Finance Minister Nirmala Sitharaman said that more than 10 million assessees particularly the small salary earners shall secure the long-due notices for the dues pertinent to the income tax, wealth tax, and gift tax withdrawn. In an amnesty plan, it shall attain the dues of up to ₹25,000 in cases prior to the 2009-10 financial […]
Mumbai bench of Income Tax Appellate Tribunal (ITAT), mandated to validate the documents concerning Form 10-IC in case of dispute in the concessional rate of tax at the time of processing of income return. The taxpayer Traxit Engineers Pvt. Ltd is a private company. Post income return filing for AY 2020-21 on 14.10.2020 declaring a […]
For each assessee filing the income tax returns is important. It ensures compliance with the norms and also assists in transparent financial transactions. Certain individuals have found out that they are in a position where they have not filed their Income tax return in the former years, directing to the income tax notices. The blog […]
Till after the 2024 general elections’ major announcements may be held. The forthcoming interim union budget shows the chance to address the lingering subjects and set the phase for the coming economic growth. This budget seems to prioritize fiscal discipline and prevent populist measures. In the domain of the personal income tax, there is optimism […]
