Many U.S. corporations elect to use a fiscal year end and not a calendar year end for federal income tax reporting purposes. Due to a provision in the TCJA, a corporation with a fiscal year that includes Jan. 1, 2018 will pay federal income tax using a blended tax rate (click here) and not the flat… Read More »
CIT(Appeals) cannot travel beyond the subject matter of the appeal, which in the present case is as to, whether fee u/s. 234E of the Act can be levied or not; and not the question, whether the return of TDS filed by the assessee is non est in law? We are, therefore, of the view that the… Read More »
Classification of any goods or services or both; determination of the liability to pay tax on any goods or services or both; How TDS will apply under GST on Work contract given by Municipal Corporation ? whether any particular thing done by the applicant with respect to any goods or services or both amounts to… Read More »
In the instant case, once the assessee is in receipt of PAN and has not deducted TDS, it has complied with the first statutory obligation cast upon him and the assessee cannot be penalized for non-deduction of TDS. The provisions of section 40(a)(ia) which are deeming fiction relating to non-deduction of TDS have to be… Read More »
GST Composition Scheme Withdrawal 1. What is meant by Compulsory Withdrawal from Composition Levy? A taxpayer can opt out of Composition levy in any of the two ways: Voluntarily opt out of Composition levy by filing Form GST CMP-02 on the GST Portal or Compulsorily removed out of Composition levy by the Tax Official at… Read More »
GSTR-9 Offline Tool (v1.0) The excel based GSTR-9 offline utility is designed to help the taxpayer to prepare the GSTR-9 return offline. The utility can be downloaded from this link.Download Important! Before you extract the downloaded file, ensure that the file is not corrupted. How do I know that my file is not corrupt? Click here to… Read More »
” …………. if the buyer furnishes to the person responsible for the tax a declaration in writing in prescribed form declaring that the goods in question are to b e utilized for the purposes of manufacturing processor producing articles or things or for the purpose of generation of power and not for trading purposes. The… Read More »
Ministry of Finance E-filing of Income Tax Returns registers an increase of 19% Posted On: 06 MAY 2019 There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during Financial Year(F.Y.) 2018-19 as compared to F.Y. 2017-18. This is factually untrue, because the figures for F.Y. 2017-18… Read More »
Reply in GST ASMT 11 to the notice issued against scrutiny of GST Returns FAQs > Filing reply in Form GST ASMT-11 to the notice issued against scrutiny of Returns 1. When a Tax Official will conduct Scrutiny of Returns? In case, any discrepancy is found in return furnished by registered person on the basis… Read More »
Salary TDS Certificate New Process Form 16 अब सैलरी टी.डी.एस सर्टिफिकेट ऐसे देना होगा