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Search results for: IT Act

Need TPA for Deducting TDS for Hospitals' Payment

TPA to Deduct TDS on Hospitals’ Payment Under Section 194J, KAR HC

Under Section 194J of the Income Tax Act, the Karnataka High Court ruled that the Third Party Administrator (TPA) is obliged to Tax Deducted at Source (TDS) on amounts given to hospitals. The petitioner is the owner of TTK Healthcare TPA Private Limited is a firm that provides 3rd party services on medical and health […]

Tax only Indian Income of Foreigners

Industries to FM: Tax Only on Foreigners Domestic Income

Assocham, CII, FICCI, and the US India Strategic Partnership Forum (USISPF) comes under the industry forms who propose the Finance ministry sought the privilege on the personal tax of individuals who are NRIs for 3 years. The motive is to develop India as an attractive destination for refugees handling foreign direct investments (FDI) for the […]

All About GST ITC-01 Form

Fast Guide to File GST ITC 01 Form Online on Govt. Portal

The ITC 01 is a significant filing form for all the taxpayers concerned with the input tax credit availed. There are multiple features and reasonable points which are important to be noticed. The ITC 01 form has to be filed by every fresh registration for GST by the taxpayer to avail the input tax credit. […]

5 Percent GST on Disability Equipment, Is it Acceptable

Challenges Reach SC for 5% GST Rate on Disability Equipment

A written application was furnished in the Supreme court which challenges the GST forcing on the products built for the aid of a person with a disability. The applicant submits that there is no requirement to pay the tax for the ordinary individual who walks although the disabled individual is payable for 5% GST rate […]

Data Security Importance for Taxpaying Clients

Importance of Data Security in Current Scenario for Taxpayers

Currently, almost all the tax filing solution providers offer cloud services through which all the confidential data is being stored in the company’s server. Generally, cloud data servers are now widely used by every company, but, there is a significant loophole in this data storage. We have talked about foreign investors who are equally staking […]

Deadline Extended for Vivad se Vishwas Scheme

Govt Extends Due Date of Vivad Se Vishwas Scheme due to 2nd wave of COVID-19

The last date has been prolonged by the union government for making payments beneath tax dispute settlement scheme Vivad se Vishwas (from dispute to trust) via April 30 to June 30, 2021, to give the relief to assessee facing the public health issues to the 2nd wave of the covid-19 pandemic. The last date of […]

Govt to Build a Database of 'Risky' Companies

Govt. New Plan to Stop GST Evasion by Using Aadhaar Registration & AI

The government plans to have artificial intelligence (AI) as well as Aadhar enrolment to prepare the list of uncertain companies to examine the Goods and Services Tax (GST) theft. Thus there is a risk for such firms which will be stated as risky to track their activities as per the finance ministry. A racket of […]

No Royalty Tax on Fee for Database License Access

ITAT: No Royalty Tax on Fee for Access of Database License

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench removed the sum on account of presumed authority taxable under section 9 (l)(vi) of the Income Tax Act, 1961 “Get to know complete guide of TDS provisions under income tax act 1961 at here. Also, we include several topics as TDS returns, TDS due dates, penalt. Read […]

All About GST REG 09 Form

Form GST REG (Registration) 09 for a Non-resident Taxable Person

Form GST REG-09 is an application form that is used by a Non-Resident taxable person for GST registration. Section 24 of the Central Goods and Services Tax Act, 2017 made obtaining GST registration compulsory for any non-resident taxable person engaged in providing taxable supply. And form GST REG-09 is the application that a non-resident taxable […]

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