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Search results for: income tax department

14th GST Amendment Rules

New Rule of GST ITC May Generate Conflict for Honest Taxpayers

New changes and some additions have been implemented inside the goods and services tax plan through the 14th GST amendment rules 2020. The article concentrates on the important rule inserted with respect to the input tax credit which has effected from 1/01/2021. A new rule has been inserted in 86B which reveals that the division […]

Income Tax Specific Unit to Explore Foreign Assets

Tax Dept Special Unit to Inquire Undisclosed Assets in Foreign Countries

The government has developed a specific unit for doing the investigation throughout the country concerning the undisclosed assets kept by Indians overseas and hold of black money abroad. In recent times the Foreign Asset Investigation Units (FAIUs) had made 14 directorates of the tax department for the examination which is situated in numerous parts of […]

IT Dept Rejected All Request for Last Date Extension

No More Due Date Extension for Income Tax Return Filing, Order Notifies by Tax Dept

After extending the last date for return filing three times this year, finally, the I-T department has rejected requests for further extension of the due date for filing tax returns. The department also said that India has been more generous in providing extra time than other countries and this taxpayer’s obligation cannot be delayed indefinitely. […]

Not Applicable Service Tax Under the Secondment Agreement

CESTAT: No Service Tax Need on Salary Under the Secondment Agreement to Employees

Under the secondment contract, the Customs, Excise, and Service Taxes Appellate Tribunal (CESTAT) ruled that there will be no tax applied to the employees. The petitioner is the owner or the northern operating systems Pvt ltd and is registered under the council for releasing the service tax beside the categories of “Manpower Recruitment Agency Service”, […]

New Due Date for Income Tax, Vivad Se Vishwas Scheme and GSTR 9, 9C Filing

Covid-19: CBIC Extended Due Date of GST Annual Returns, Income Tax Audit & Non-audit Cases

According to the assessee, the government has prolonged the deadlines for the income tax goods and services tax along with Vivad se Vishwas direct tax conflict intention policy with context to the view of the challenges which is raised because of Covid-19 pandemic. “Considering the problems being faced by the taxpayers, it has been decided […]

Taxpayers Problems in TDS Credit

Taxpayers Difficulties Getting Tax Deducted at Source (TDS) Credit

The online e-filing aids people and provides comfort in furnishing the TDS returns. The income tax department has managed the TDS as it shows in the online tax account of the taxpayer from whom the tax gets deducted. As the taxpayer, you have the right to take the credit for these TDS during furnishing the […]

Wife Can Know Husband's Income by RTI

Wife Can Raise RTI Request to Know Husband’s Income: CIC

Through Right to Information (RTI) wife have the right to ask the salary of their husband along with the related information said The Central Information Commission (CIC) on Wednesday. CIC has given the major declaration post-hearing the appeal furnished by Rahmat Bano of Jodhpur post IT department ruled that the income of her husbands belongs […]

No DPIIT Benefits for Start-ups

No Permission of DPIIT Program Benefits for Start-ups by Tax Dept

The tax council will no more provide any privilege to any business unless it is not important. As per the reference in the talks amid the Department for Promotion of Industry and internal trade DPIIT along with the revenue council, the north block has refused the plan to prolong the incorporation cut-off date for startups […]

Reason for Delay in Tax Refund of FY 2019-20

Why Income Tax Refund May Delay in Assessment Year 2020-21?

For the assessment year 2020-21, there will be a late refund given by the income tax department. You do not have to worry if you already had filed the return for FY 2020-21 but didn’t get the refund yet. As similar to you the most of the assessee who had furnished the taxes in the […]

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