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Search results for: Income tax Act

CA Bodies Request for Tax and GST Deadline Extension

CA Bodies Request for New Timeline of GST Returns, ITR & Audits

Various departments from the chartered accountants (CAs) throughout the country have urged the finance minister Nirmala Sitharaman to prolong the last date for furnishing the income-tax (I-T), goods and services tax (GST), along with the additional audits in context to the difficulties faced due to coronavirus (COVID-19) pandemic. From time to time the CA department […]

IT Dept Search Operation

Search Operation Started in Delhi, NCR & Haryana by CBDT Officials

The Central Board of Direct Taxes released a Press Release dated October 15, 2020, in which the board notified that the Income Tax Department has carried out searches and seizure action in Delhi, NCR, and Haryana on October 14, 2020. This has been done by the department in the case of a leading advocate practicing […]

Rectify GST Return Filing Defaults

GST Return Filing Pendency Needs to Cleared Soon: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) asked businesses to make sure that their due taxes need to be filed as not doing that might prevent them from the transportation of goods. The assessee whose income is more than Rs 5 crore in the last financial year are advised to file their pending […]

Extension of ITC Verification

Extension of ITC Verification Till 31st December 2020 by Rajasthan Govt

The Income-tax credit Rajasthan commercial tax department extended the date to verify till December 31, 2020. Under Act 18(2) of the Rajasthan Value Added Tax Act, 2003 the Commissioner of Commercial Taxes Rajasthan Jaipur, Abhishek Bhagotia delegated addressed with section 174 of the Rajasthan Goods and Services Tax Act, 2017 revised the Notification No. F.16 […]

Officers Got Empowered to Amend Documents of Faceless Assessment

CBIC Empowered Officers to Amend Documents to Conduct Entry Bills of Faceless Assessment

The Central Board of Indirect taxes and Customs (CBIC) has now empowered the customs officers and with it now they got the power to amend any document for the purpose of conducting a Faceless Assessment Know about the government’s newly introduced faceless income tax assessment for providing relief to the taxpayers. Also, check its benefits […]

Revised Belated Tax Due Date & GST Details in Form 26AS

CBDT Updates: Belated ITR Due Date Revised & Upload GST Return Data in 26AS Form

The Central Board of Direct Taxes released notifications on 29th September and 30th September and made some important announcements. Through a notification issued on September 29, the CBDT empowered the Principal Director General of Income Tax (System) or the Director General of Income Tax (System) to upload information related to GST returns, which is in […]

New TCS on Complete Sales with GST

Leviable TCS Under New Provision Accepts Complete Sales with GST

Central board of direct taxes CBDT has announced that on the sales of items and services valued over 50 lakh annually will be considered with compensation including GST which is currently charged with 0.1 % TCS. On the TCS returns the Income-tax department TGet to know about new TCS (Tax Collected at Source) rules under […]

ITAT: Exemption for Association of State Road Transport

Exemption Section 11 & 12 Approved to State Road Transport Association for Charitable: ITAT

Under Section 11 and 12 the Income Tax Appellate Tribunal (ITAT), New Delhi approved the privilege to Association of State Road Transport which is qualified as a foundation for charitable goals. The taxpayer of Association of State Road Transport facilitates as an apex regulating organization for all Nationalized State Road Transport Corporation which executes working […]

Faceless Appeal Scheme Facility

Faceless Appeal Scheme for Providing Services Through e-appeal Petitions

For the faceless assessment, the board will set up a national faceless appeal centre Prime Minister Narendra Modi will launch the faceless assessment scheme for the Income-tax department. This will be set up and implemented by the National e-Assessment Centre (NeAC) and a network of Regional e-Assessment Centres. Read more for providing services through e-appeal […]

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