Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Beneath covid impact, the MSMEs and startups have been asked by the government to prolong the GST payment along with the last date of furnishing the returns for the month of March, April, and May to June 30, 2021. As per the analysis of MSMEs and startups through community social media platform LocalCircles as many […]
Beneath section 54F of the Income Tax Act the Income Tax Appellate Tribunal (ITAT), Jaipur permits for deduction in respect of residential house property purchases in the name of wife. The taxpayer Dharamvir Singh has the income generated from the house property, capital gain, and interest. He furnishes the return of income showing the total […]
Due to the difficulties faced in the prevailing COVID-19 pandemic, The Central Board of Direct Taxes ( CBDT) has extended the deadline/last date for linking the Aadhaar number with Permanent Account Number (PAN) from 30th September to 31st March 2022. Note: PAN and Aadhar linking date extension of 6 months in 45th Council Meet The […]
Section 273B of the IT act gives that there will be no penalty imposed on the individual or the taxpayers if it is towards section 271D of the IT Act if he proves that there is a genuine reason for the failure. To the council, the taxpayer said that the two of the neighbors of […]
When it comes to ‘Initial Assessment Year’ for the purpose of deduction under the Income Tax Act, It has been held by The Income Tax Appellate Tribunal (ITAT), Delhi Bench that the Initial assessment year for the purpose of claiming of deduction need not be first-year of the commencement of operations”. Here is the case […]
It is necessary to clear the air about the judicial precedent of “reassessment of Assessee”. The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Whole Reassessment proceeding is not Valid if the Assessee is stopped from asking against Reassessment. The person who has been reassessed has put forth the point that Commissioner Of […]
If TDS is deducted on time and paid to the Govt. exchequer then no interest is leviable, this ruling came from the Income Tax Appellate Tribunal (ITAT), Cuttack Bench in a matter where Srabani Constructions Pvt Ltd. is the assessee. The Assessee was involved in the real estate business and paid INR 41,84,879 to contractors, […]
The Supreme court stated that there will be no TDS that is applied towards the Indian firms toward the amount which is used for foreign software. The appeals for the engineering analysis center of excellence might be grouped for the 4 divisions. The first category engaged with the event where the foreign software has been […]
Under section 54F of the Income Tax Act, 1961 the Income Tax Appellate Tribunal (ITAT) Bangalore in its proceeding said towards the assessing officer to permit the exclusion to the taxpayer upon the invested amount towards buying the house in the name of the daughter. Under Section 54F of the Income Tax Act, the person […]
