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The Karnataka High Court rejected to quash the prosecution started via the income tax department against the taxpayer who has intently failed to file his income tax return (ITR) within the said time for the Assessment years 2012- 13 to 2015-16 and thereby committed the alleged offence. A single judge, Justice S Vishwajith Shetty dismissed […]
In this article, SAG Infotech explains how the GST Department recovers tax amounts from debtors under Section 79(1)(c) of the CGST Act 2017. Speaker Om Birla cited that the world learns from the tax system of India. Under GST the whole country has to pay the uniform indirect taxes. Before that, each state had its […]
A new feature has been launched by the Income Tax Department on its e-filing portal to allow rectification requests to the AO for incorrectly filed ITRs. This option enables taxpayers to submit rectification applications for assessment orders issued by the AO under Section 154 of the Income Tax Act, 1961, directly to their Assessing Officer […]
It was asked by the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) that the Jurisdictional Assessing Officer (JAO) correct the intimation by the Central Processing Centre because of the rejection of Section 80JJAA of the Income Tax Act, 1961 claim as of the technical default. The taxpayer Vimalachal Print & Pack […]
It was mentioned by the Delhi HC that the wrong citing of the name of the taxpayer in the notice issued to it for the default in deduction of tax at source is just a clerical error. Therefore a division bench of Justices Yashwant Varma and Ravinder Dudeja carried that Show Cause Notice (SCN) along […]
In the last few years, Limited Liability Partnerships (LLPs) have become popular within the small businesses landscape. LLPs provide limited liability, shielding partners’ assets from business responsibilities and liabilities. This structure has made LLPs most adopted by various professionals, including consultants, doctors, lawyers, and accountants. Since their introduction in 2008, LLPs have gained significant popularity […]
The provisions for Tax Deducted at Source (TDS) under GST as specified in section 51 of the CGST Act, were initially restricted to the government entities and public sector units (PSUs). Below mentioned are the suggestions of the GST council in its 54th meeting, the Notification No. 25/2024-CT dated 9th October 2024 has been issued […]
The Delhi High Court in a judgment ruled that the income tax department could not refuse the refund claim of the assessee as the Tax Deducted at Source TDS is not shown in Form 26AS. The order of the department has been quashed by the court rejecting the application of the assessee to file an […]
If you receive a TDS mismatch notice from the income tax department, SAG Infotech can guide you through the entire process of resolving this error legally. A technical professional from a reputed company was surprised to obtain a tax demand of approximately Rs 1.98 lakh concerning his income tax return (ITR) filed for the FY […]
