Powerd By SAG INFOTECH
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If you’ve obtained an email asking you to download your e-PAN card, do not tap; it’s a phishing attempt. A public advisory warning has been issued by the Press Information Bureau’s (PIB) Fact Check Unit for the fake emails that appear to offer access to an e-PAN card download link. The PIB Fact Check flagged […]
To lower the Goods and Services Tax (GST) rate on employment services from 18 per cent to 5 per cent, the Indian Staffing Federation (ISF) has called on the finance ministry, claiming that the proceeds shall accelerate formal job creation and enhance competitiveness in major sectors. In a letter submitted to the minister of state […]
Circular No. 8/2025 dated July 1, 2025, has been issued via the Central Board of Direct Taxes (CBDT) to explain concerns of field officers for the exemption of interest under Sections 201(1A)(ii) and 206C(7) of the Income-tax Act, 1961, as initially addressed in its earlier Circular No. 5/2025 dated March 28, 2025. The clarification answers […]
The re-appointment of Shri Ravi Agrawal, IRS (IT:88028), as the Chairman of the Central Board of Direct Taxes (CBDT) has been approved by the Appointments Committee of the Cabinet (ACC). The appointment is on a contractual basis for a period of one year, from July 1, 2025, to June 30, 2026, or until further notice, […]
Circular No. 07/2025 has been issued by the Central Board of Direct Taxes (CBDT) that grants relief to the taxpayers whose income tax returns were filed late, though accepted under the condonation of the delay provisions. The same has emerged when issues were raised for the non-processing of these returns, which results in delayed refunds. […]
Every person needs to report their Income tax returns appropriately in compliance with the start of the filing season. Avoiding errors and misreporting is important during ITR filing for FY 2024-25 (Assessment Year 2025-26). Without any problems, the majority of returns are processed; even a minor discrepancy may trigger an investigation via the income tax […]
An addition cannot be made solely based on a mismatch between sales reported in the books and the figures in Form 26AS, particularly when the discrepancy arose due to double deduction of Tax Deducted at Source (TDS) by the client, Wockhardt Hospitals Ltd (WHL), the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has […]
In a development concerning GST compliance and judicial remedies, a writ petition filed by M/s Nikitha Traders, challenging a demand and penalty order issued by the Central Goods and Services Tax (CGST) authorities, has been dismissed by the Madurai Bench of the Madras High Court. The court recommended appellant pursue the available statutory appellate route, […]
The Government of India has come up with a new digital Form 16 as part of its Digital India initiative. This is designed to make the process of filing your income tax return (ITR) easier for everyone. Employees can find the ITR filing process more accessible and easier under the government’s aim to make the […]
