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SAG Infotech is a leading tax software development company in India since 1999 with Income Tax, TDS, MCA and GST software. The company holds a well-built network in more than 80 cities network with a strong base of 50,000+ clients across India. A total of 200+ technical executives as the company holds 9 certifications and […]
“The law of income tax is enriching. As intriguing as it is, the more one learns, the more he seeks to learn” In the former articles, we discussed the income tax law and now wrote an article concerning the ancillary provisions as included in the Income Tax Act, of 1961 itself. The same act consists […]
The Jharkhand High Court bench has recently cancelled a Form GST DRC-07 summary notice issued by the GST department for not being issued in compliance with the law. The petition was filed in response to a CBIC notice dated 10.02.2020, which says that interest paid on late payment of taxes is recoverable under Section 79 […]
The Maharashtra Authority of Advance Ruling (AAR) which consists of the members Ranji Magoo and T.R. Ramnani, has directed that the GST would be subjected to pay upon the composite supply of work contracts consisting of earthwork. The petitioner is the owner of M/s. Mahalakshmi BT Patil Honai Constructions JV, a GST registered company, which […]
Corporate fraud, it includes any act committed by any individual with the connivance of another person, any concealment of any fact, or any abuse of position, aimed at deceiving, taking advantage of, or injuring the company, its shareholders, or its creditors, or any other persons, whether wrongful gain or wrongful loss occurred. Management Responsibility for […]
Know About Statement of Financial Transaction Statement of Financial Transaction (SFT) poses the report of the mentioned financial transactions by the particular individual along with the stated reporting financial institutions. These people who enrol, maintain or record these particular financial transactions are compulsory to submit SFT to the income tax authority or these people authority […]
Throughout this post, we have discussed how you can quickly rectify errors using Gen TDS/TCS software. After furnishing the TDS return with NSDL one may see that there seems an error in the returns. The same error would be due to distinct causes such as wrong deductions wrong challan information or incorrect PAN details of […]
There is no doubt that the online business or selling from the e-marketplace does not only become the most famous channel of running the business however this channel of selling or running the business becomes unavoidable for any business if the same needs to survive and raise in the coming years. The same provides the […]
Kartik was a pilot working in Kingfisher Airlines. The airline that collapsed has deducted the tax from his income however this does not furnish the TDS within the government. But the tax council furnished notice to him for furnishing the tax. The issue is not limited to his income but can lead in the case […]
