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Search results for: Income tax Act

Gen Payroll Software for PF, ESI and TDS Returns

Easy Generate PF/ ESI Challan Via Gen Payroll Software

Payroll is the most important structure for every company so to manage the data of the employees. Information such as name, contact number address, bank details, leaves, attendance, and miscellaneous comes beneath the payroll software. This is needed because every company has employees and all of them have dissimilar details thus it is not possible […]

Know About Bogus GST Invoicing

Complete Information Related to Bogus Invoicing Under GST

During the time when the government was facing less collection from the revenue in the pandemic times, moreover, the bogus cases also harm the financial term of the government and the ability to pay. The FM Nirmala Sitaraman in the 2021-22 budget urged that the provisional attachment of the assets of those who are engaged […]

|Telangana HC Orders Panel to Continue Accepting Applications

TG HC: I-T Settlement Commission to Accept Application U/S 245(C)

Telangana High court has urged that the income tax settlement commission allow the application of settlement beneath section 245 (C) in the Income-tax act. In the writ appeal, the order has been passed via Green city Duke’s estates where it directs that during the section carried in the income tax act. The income tax settlement […]

Section 194IB for TDS Rate on Property Rental

All About TDS Rate on Rent of Property Under Section 194IB

Any individual or a Hindu divided family other than the person referred to the second provision to section 194-I, who is responsible for furnishing to the resident any income through the rent of more than Rs 50000 for a month or a section of the month in the preceding year, then the amount cut is […]

Tax Deductions on Capital Gain

ITAT Bangalore: Deductions on Capital Gain Over Sale on Land

The Income Tax Appellate Tribunal (ITAT) Bangalore, ruled that the profit on selling the land comes beneath the capital gain and thus liable for all the deductions permitted while calculating the income beneath the capital gain. The taxpayer is the owner of Shri Babulal is the proprietor of M/s. Bangalore sales and marketing is said […]

ITAT Pune Allowed Deduction U/S 35(1)(ii)

ITAT Pune: Deduction Permitted Under Section 35(1)(ii) on Donation Account

The Income Tax Appellate Tribunal (ITAT), Pune Bench has permitted the deduction beneath Section 35(1)(ii) of the Income Tax Act with respect to the donation. The taxpayer owner of MRC transolutions Pvt ltd furnished a donation of Rs 1.25 cr to the organization known as the school of human Human Genetics and Population Health (hereinafter […]

Medical Benefits to LIC

ITAT Bangalore Grants Medical Benefits to LIC Under Section 192

In the particular act providing benefits to the Life Insurance Corporation of India (LIC), the Income Tax Appellate Tribunal (ITAT), Bangalore bench the organization does not need to cut the tax with respect to the cash payment of cash medical advantage to its employees similar is in the fact of mere compensation outside the confines […]

Every Info About Section 194EE Under TDS

All About TDS Section 194EE on Payments for Deposit Under NPS

According to clause (a) of sub-section (2) of section 80CCA, TDS (Tax Deducted at Source) is the income tax collected by a person when paying another person for his/her service. TDS is deducted at the time of payment and at the rate of ten per cent. The rule also says that no TDS shall be […]

Gujrat HC Order Against GST Dept

GUJ HC Suggestion to GST Dept Regarding Attaching Accounts of Firms

Concerning the case of the Central Goods and Service Tax Act (CGST Act), the central government has been questioned by the Gujarat High court to initiate the step to stop the threats on bank accounts of persons post to the GST council raids on the tax theft. With respect to the GST council Get to […]

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