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Simple Definition of the Form 15CA Form 15CA declares that a tax has been deducted from the payment made to an NRI. Instead of leaving the NRI taxpayers to file and pay income tax papers, this helps the Indian government collect tax efficiently at the time of the remittance. Different Components of Form 15CA Part […]
The Maharashtra Authority of Advance Ruling (AAR) held that the transfer of monetary proceeds via IVL India to the petitioner IVL Sweden shall be obligated towards the payment of the integrated goods and services tax beneath (the RCM) reverse charge mechanism. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that excluding the […]
The Delhi high court sees that the only mistake to furnish the ITR certificate rather than the income certificate could not be directed to the condition in which a qualified candidate would be unable to get the scholarship when the 2 documents confirm the “same parameters of income requirements”. Justice Prathiba M Singh mentioned during […]
CBDT provides partial relief to the non-resident assessees who do not secure PAN through the electronic filing of Form 10F until March 2023. The filing of the same form would require the order to claim the advantages of the Double Taxation Avoidance Agreements (DTAA). For claiming the advantages a non-resident assessee is required to furnish […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) stated that the causes would have been recorded for opening the assessment again and is to be read since the same was recorded via the Assessing Officer and could not be increased. The Assessing Officer, with a total income of Rs. 9,81,60,144 has fled assessment, […]
The assesses who overlooked the date of filing the ITR on 31st July 2022 should file their late ITR by 31st December. Tax experts mentioned that “This deadline applies to all types of taxpayers, including individual, corporate, audit, and non-audit.” A late return could get furnished for the former year at any time three months […]
The Central Board of Direct Taxes (CBDT) provided in a circular dated 7th Dec, that the value of medical treatment furnished to the employee or any member of his family in any hospital that the employer maintained via the employer or any sum furnished via an employer for any expenditure made via the employee on […]
Simple Meaning of Revised ITR for Assessees The purpose of a revised return is to correct any omissions or errors made when filing your original ITR. When you file a revised return, you simply file it again with the correct information. You must include details of the original return when filing a revised return. Who […]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) stated the additional proof could not be considered without calling for a remand report or comments via AO. The two-member bench of Lalit Kumar (Judicial Member) and R.K. Panda (Accountant Member) sees when the CIT(A) opts to admit any other proof then in that case […]
