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Form 26 AS which is a tax credit statement is one of the most crucial documents where the filing of taxes is concerned. What is the 26AS (Annual Statement) Form? Form 26AS is an annual statement that entails the details related to the Why is Tax Credits Form 26 AS Important? Below mentioned are the […]
You shall be amazed to know that since July 24, every day more than 1 lakh income-tax returns have been filed on the new web portal of the Income Tax Department. Worth mentioning here that the new website of the Income Tax Department was launched on June 7 of this year. In fact on Tuesday […]
Many people may not know that there is a constitutional office of the ‘Directorate General of the Goods and Services Tax Intelligence’. The Gujarat High court has in a recent decree held that DGGI officers are completely empowered to issue the summons to the taxpayers as per the Central Goods and Services Tax Act, 2017 […]
There is an 18% GST is to be furnished on online and offline business said Maharashtra Authority of Advance Ruling (AAR) The dentist’s act 1948 controls the profession of dentistry in which it is convenient to build the act for the direction of the field of dentistry furthermore towards that form the petitioner Maharashtra State […]
What is TDS (Tax Deducted at Source)? The objective of levying Tax Deducted at Source is to collect the tax from the point or source where the income is generated. The tax is deducted by the payer in advance from the amount payable to the income receiver, and the same is deposited in the account […]
It has been a month since the launch of the new web portal of the Income Tax Department which has been designed and developed by software giant Infosys, but technical glitches are still persisting while accessing the web portal of the I-T Department and that too after the finance minister has headed the meeting on […]
The second wave of Corona-19 has ruined and devastated the life of crores of people on our planet. To date, nearly 185,390,254 people have slipped in this death trap; however, the major proportion of people have survived and the others have lost their lives. Still, there are hundreds of people who are still struggling for […]
The recently launched income tax portal 2.0 has now a new feature to add an e-Return Intermediary (ERI), chartered accountant, or a selected authorized executive representative to assist the ITR filing for the clients. e-Return Intermediary (ERI) & It’s Working The whole purpose to appoint ERIs is to make them intermediary between client and income […]
It has been held by the Income Tax Appellate Tribunal, Bangalore Bench thatIf computer software is affixed onto hardware and the single product i.e. integrated unit is sold then Tax Deducted at source shall not be applicable. Here, in this case, the assessee and the subject of consideration is M/s Autodesk Asia Private Limited that […]
