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Search results for: Income Tax Act

Pune ITAT's Order for Anil Ratanlal Bohora

ITAT: Husband Permitted for TDS Credit on Interest from Amount Granted to His Wife

The husband would be qualified for taking the credit of TDS on the interest made on the amount gifted to his wife, Income Tax Appellate Tribunal’s (ITAT), Pune Bench ruled. The two-member bench of R.S. Syal (Vice President) and S.S. Viswanethra Ravi (Judicial Member) ruled that assessability is there in the hands of somebody other […]

GST E-invoice Voluntary Enablement for A.Y. 2023-24

Summary of GST E-invoice Voluntary Enablement for A.Y. 2023-24

‘E-Invoice Voluntary Enablement’ has been enabled by The Goods and Services Tax (GST) E-invoice system for the financial year 2022-23. Using the e-invoice system, individuals who are GST registered can upload all B2B invoices to the Invoice Registration Portal (IRP). IRP generates an individual’s Invoice Reference Number (IRN), digitally signed e-invoice, and QR code. The […]

Delhi ITAT Order for Dynamix India Drill Con Co.

Delhi ITAT Set Aside Disallowances Based on Ad Hoc Due to AO Mistake

The disallowances would have been performed on the grounds of ad hoc excluding specifying the precise mistake. The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held. The orders of the authorities below have been set aside by the two-member bench of Astha Chandra (Judicial Member) and Shamim Yahya (Accountant Member) and would have […]

All About AIS Mobile App by Income Tax Department

A Brief Guide to I-T Department New Helpful AIS Mobile App

AIS app for assessees is launched by the Income tax department: Mobile app for AIS. There is good news if you are an assessee. The income tax department would have started the new mobile app known as the AIS in order to obtain the Annual Information Statement (AIS). For each transaction, the assessee shall obtain […]

Which One is Better B/W Low-Code or No-Code?

Low Code vs No Code Comparison: Which Should You Choose?

To calculate your income tax Business leaders, from small to large, now have it easier to wield more influence through the exact replication and comparison of Low Code vs No Code with the ideas into applications to the greatest extent possible and to cooperate for efficiency in the creation of enterprise-grade software applications thanks to […]

Risky Exporters Under GST

All About Risky Exporters Under GST with Amended Process

All IGST, drawback and other benefit refunds are halted, and all export shipments are subject to scrutiny when the Import Export Code warning of the risky exporter is activated. The export enterprises suffer significant losses as a result of the refund suspension, which also has an effect on the Indian economy. Here, we’ll talk about […]

5 Essential Tasks to Be Completed Before March 2023

Important Financial Tasks Should Be Completed Before Mar 23

The deadlines for a number of financial duties are approaching as the current fiscal year comes to a conclusion on March 31. By March 31, 2023, all deadlines will end, including those for tying PAN to Aadhaar, paying advance tax, and submitting updated Income Tax Returns (ITR). If you miss these deadlines, you will have […]

Specific Conditions for Claiming HRA U/S 10 of (13A)

Specific Conditions for Salary Individuals to Claim HRA U/S 10 (13A)

People working in a company who have chosen the old tax regime, reside in rented houses, Under section 10(13A) of the Income-Tax (I-T) Act, 1961, and possess the house rent allowance (HRA) elements included in their salary shall be qualified for the exemption of the HRA tax given that they would shall able to fulfil […]

Bulk ITR-V Process Through Genius Software

A Full Study of Bulk ITR-V Process Using Genius Software

The filing of your Income Tax Return (ITR) is only the first step in the process. It is equally important for the Income Tax Department (ITD) to verify your ITR before processing your return. You can only receive a refund for verified returns. In such circumstances, a belated return will be required if you did […]

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