Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Central Board of Direct Taxes (CBDT) ceased via Excel and Java Versions of ITR Utilities, mentioning JSON Utility for ITR-1 to ITR-4 for Assessment Year 2025-26. By using the offline utilities, opt for the assessment year and download the Excel or Java or JSON utility. Inside the system, the utility by default will be […]
Surprisingly, The Central Board of Direct Taxes (CBDT) has tabled a new form i.e. Form 10A for the registration/ intimation/approval/provisional approval. of charitable trusts that are compulsory. A new clause (ac) has been added in subsection (1) of section 12 A that has been effective from April 1, 2021. This clause states that although anything […]
This time, due to the lower tax deducted at source (TDS) of many individuals for FY20, Income Tax authorities have sent notices to several taxpayers. The reasons cited in notices is that while some taxpayers have not paid the apt tax on interest that is earned by them others have paid lower tax on credit […]
The Directorate of Income Tax has previously observed cases where one PAN was allotted to two persons and similarly Directorate of Income-tax (Systems) also noticed some rare cases where more than two persons possess the same PAN. In this matter, the Directorate prepared a policy and issued AIS Instruction No. 82 on June 21, 2013. […]
It has been held by The Karnataka Authority of Advance Ruling (AAR) that 18% GST shall be levied on Handling, Supervising, and Transportation “ of agricultural produce that belongs to the Food Corporation of India. Karnataka State Warehousing Corporation, the applicant, submitted to the aforesaid Honourable Court that they were established by the State Government […]
The petitioner, in this case, is Praful Nanji Satra. He had, before CORONA Pandemic, rented out commercial premises on a license basis and received licence fees (from licensee). Petitioner is duly registered with the GST Department and It is the obligation of the petitioner to pay GST on the aforesaid license fees. However, the respondent […]
A tweet of TMC MP Mahua Moitra created chaos across the media and general public as to whether the income of non-resident Indian citizens working in Gulf Countries is subject to Income tax or not. Thereafter, Finance minister Nirmala Sitaraman clarified the issue with her tweet that amendment in the Finance Act, 2021 “liable to […]
The CBDT stands for The Central Board of Direct Taxes, and it is a statutory authority functioning under the Central Board of Revenue Act, 1963. Recently, the board notified some new Income Tax Return Forms for the assessment year 2021-22. It also notified the Income Tax (7th Amendment) Rules, 2021 which is aimed to make […]
The government exchequer collected from Goods and Services Tax (GST) has been on the peak/pinnacle since its journey started in July 2017 across the entire nation. The revenue collection from GST was a whopping Rs 1.24 trillion in a single month of March 2021 — a historical and a mammoth figure in the history of […]
