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The Rajasthan High Court’s Division Bench has dismissed a writ petition filed by Sodhani Sweets Private Limited, expressing concerns that the GST authorities do not take into consideration their reply filed by them. The respondent authorities, in this case, include the Joint Commissioner of the Goods and Service Tax Council (GST Council), represented by its […]
In a ruling, the Income Tax Appellate Tribunal (ITAT), Raipur bench has instructed the Income Tax Department to allow the delayed filing of Form 10B. However, the condition was provided by the bench that it should be filed before the “due date” of filing of return of income under Section 139 of the Income Tax […]
In accordance with Notification No. 13/2017, Central Tax (Rate), dated June 28, 2017, which provides details on the services liable for tax under the Reverse Charge Mechanism of the CGST Act, services rendered by directors of a company or a body corporate situated in a taxable area to the said company or body corporate will […]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside an ex-parte order because the notice was served via email despite the assessee’s request for a physical notice in Form No. 35. The assessee, Jayshree Kamleshkumar Patel, an individual operating a petrol pump, filed her Income Tax Return for the Assessment Year 2017-18, declaring […]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Co-operative society engaged in banking businesses does not fall under the category for deduction under Section 80P (2) (a) (i) of the Income Tax Act, 1961. Nil return had been filed by the assessee, M/s. Shri Basaveswar Credit Cooperative Society Ltd. […]
The purpose of this post is to explain the process of Sections 206AB and 206CCA filing under income tax using Gen TDS Software. The Income Tax Act inserts section 206AB after section 206AA. The latter requires the provision of a Permanent Account Number (PAN) to deduct TDS. In the Income Tax Act, section 206CCA for […]
Simple to Understand TDS Interest You would be required to file the interest Under Section 201(1A), in case of a late deposit of TDS after deduction. A 1.5% per month interest would be computed from the date on which the TDS was deducted to the actual date of deposit. The same would be computed on […]
A notification has been issued by the Central Board of Direct Taxes (CBDT) which specifies that the TDS shall be subject to be applied to the interest made on the Mahila Samman savings scheme. According to the latest notifications, the tax shall get deducted on the interest that has been made via the Mahila Samman […]
The Income Tax Appellate Tribunal (ITAT), the Mumbai bench has argued the Income Tax Scrutiny Assessment under section 143(3) on account of this issuance of a manual assessment directive lacking a Documentation Identification Number (DIN). The assessee, Teleperformance Global Services Pvt. Ltd. was in the business of offering IT-enabled services. The return of income was […]
