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Search results for: Assessing Officer

Penalties for Late Income Tax Return Filing in India

Penalties for Late Income Tax Return Filing in India

Individuals with income exceeding more than the basic exemption limit are required to file an Income Tax return within the due date and if the person fails or misses the due date then there are certain provisions of penalty under the Income Tax Act, of 1961. The assessing officer may contact the individual through a […]

commonly held false income

Commonly Held False Income Tax Filing Notions

So after paying your income tax on time and arranging all the things in place still doesn’t make sense, this thing always clings to the taxpayers who are new to the system and now the time is getting thinner day by day as the last day to file your income tax is July 31, 2022, […]

form 15ca and 15cb

Quick Guide to 15CA and 15CB Forms with New Filing Process

National rules have been strictly applied to all the remittances of a foreign nature which is done to a Non-Resident. There are certain slabs and amounts on which there is taxation. The person making a remittance has to deposit a Form 15CA online. In the case of Form 15CB, a certificate is required from a […]

Understanding Form 3CA & 3CB Applicability & It's Components

Form 3CA & 3CB: Applicability and Major Components

Indian tax forms are used to document information in compliance with the Income Tax Act of 1961 and in accordance with the Income Tax Rules (codified in 1962), which govern the process of filing income tax returns in India. Two of such forms are Form 3CA & Form 3CB. Latest Update Filing 3CA and 3CB Form Via Software […]

e-Nivaran Scheme By I-T Dept.

Income Tax e-Nivaran Scheme and Its Working Process

What is The Income Tax Department ‘e-Nivaran’ Scheme? The Income Tax department to promote the paperless environment launched  ‘e-Nivaran’, a special electronic system to fast-track taxpayer grievances and ensure early resolution or redressal of their complaints. A separate and dedicated window for grievance redressal in the Income Tax Business Application (ITBA), from now, this recently […]

TDS & TCS Return Filing Due Dates FY 2020-21 (AY 2021-22)

Due Dates for E-Filing of TDS & TCS Returns for FY 2023-24

Find TDS/ TCS return due dates with the time period and last date for filing for AY 2024-25 (FY 2023-24). TDS stands for tax deduction at source while TCS stands for tax collected at source. As per the Income-tax Act, if any person makes a payment to the receiver, then TDS is required to be […]

Madras HC's Order for M/s.Bay-Forge Private Limited

No Hearing Opportunity Given Due to Failure to Click Button, Madras HC Cancels Faceless Order

The order is been quashed by the Madras High Court as the chance of hearing was denied due to the failure of the taxpayer to tap on the pertinent button. The personal hearing is required to be extended but the taxpayer may lose to tap on the pertinent button, a bench of Justice Mohammed Shaffiq […]

Kerala HC's Order for Philips Auto Agencies (India) Pvt. Ltd.

Kerala HC: GSTR-2A & 3B Mismatches Not Ground for ITC Claim Denial

Philips Auto Agencies (India) Pvt. Ltd. approached the Kerala High Court post being denied Input Tax Credit (ITC) under the Goods and Services Tax (GST) Act for the FY 2018-19. The refusal was credited to a discrepancy between GSTR-2A and GSTR-3B. Complete Details Closure: In the case of Philips Auto Agencies the Kerala High Court’s […]

Kerala HC's Order for M/S Kochi Medicals

Kerala HC Sends Case for Reassessment Regarding GSTR-1 Submission Issue As Per Circular

The Kerala High Court remanded the case for re-adjudication on the case of the Submission of GSTR -1 established on the Central Board of Direct Taxes ( CBDT ) Circular. Mr. Abraham K. J., Counsel for the petitioner and Ms. Reshmita Ramachandran, Government Pleader. The applicant M/S Kochi Medicals, is a registered dealer under the […]

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