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Search results for: Income tax Act

1.19 Crore ITR Filings So Far for Previous FY

1 Crore+ ITR Filings Despite Error on New Portal 2.0 for FY 2020-21

The e-filing portal of the income tax department reveals that there is a rise in the ITR filing to 3.2 lakh daily during September 2021 and 1.19 crore ITRs for AY 2021-22 even when there are issues inside the portal and has been furnished as per the statement provided through the Finance ministry. “The Income […]

How to Reply GSTR 3B and 2A Mismatch Notice?

How to Respond GST Notice for GSTR 3B & GSTR 2A Mismatch?

Even after 4 years of GST implementation and over a thousand notifications and circulars, we are still facing a lot of problems in GST on-site maintenance or in the department’s working. Due to the issues and continuous changes many times, businesses and professionals face a lot of problems. This is unfortunate to say that even […]

2 Percent TDS Deduction on Advertisement

ITAT Delhi: 2% TDS Deduction U/S 194C on Charges for Advertisement

The Income Tax Appellate Tribunal (ITAT), Delhi Bench that TDS on publication charges must be deducted beneath section 194C at the 2% and not 194J at the rate of 10%. The taxpayer Perfect Probuild P. Ltd is a private limited company engaged in the business of construction. The taxpayer has done the lease agreement with […]

Every Detail of RoDTEP Scheme

All About RoDTEP Scheme with Features & Ineligible Supplies

The DGFT (Director General of Foreign Trade) provided the Notification No: 19/2015-20 on: 17.08.2021 and therefore assigned “the scheme guidelines for RoDTEP (Remission of Duties and Taxes on Exported Products)” An urged the RoDTEP advantages is lower as compared to the former MEIS (Merchandised Export Incentive Scheme) advantages that come to close in 31st Dec […]

No TDS on Automobile Spare Parts

Raipur ITAT: No TDS Levy on Purchasing Automobile Spare Parts

The Raipur bench of the Income Tax Appellate Tribunal (ITAT) has continued that the stipulations towards the tax deduction at source (TDS) are not suitable for the buying of spare parts. So as to pass the order with respect to the taxpayer the company towards the non-deduction of TDS on the payment of Rs 1,47,153 […]

Glitches on ITR Filing 2.0 Web Portal

Challenging Technical Glitches on 2.0 ITR Filing Portal for Stakeholders

The income tax portal is the toughest interface between the income tax department and the assessee of the country. Besides allowing e-filing of the ITR for users the portal has been practised with the intention of executing the other work concerning tax assessments like monitoring the notice provided through the council, giving specific responses to […]

Resolution to Problems on New E-filing 2.0 Portal

Major Problems Solved in New ITR E-filing 2.0 Portal

The government has initiated the new ITR filing portal dated 7th June 2021 for enhancing the efficiency of the IT portal, the effective user interface, and the more satisfying user services. But since the start of its launch, the portal is seeing issues such as it is not able to furnish the ITR on the […]

Must-Do Tasks Before E-filing ITR

All Mandatory Tasks Needed Before ITR Filing for AY 2024-25

ITR filing is important for all specific people if their taxable income exceeds Rs 250,000 per year. According to the ITR rules, the ITR filing is also important for the person who has furnished more than 1 lac in electricity bills or offered foreign travel exceeding Rs 2 lakh in the financial year. But the […]

Easy Filing of TDS Return on NSDL RPU Portal

Easy Procedure of Online TDS Return Filing via NSDL Portal

There are various furnished software available for TDS return preparation. But NDSL furnished their own software which is easier to practice. You can practice the same for filing the TDS return. If the taxpayer had furnished the online enrollment on the website of income tax site then the whole process shall convert to online. The […]

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