Handbook on GST Annual Return by ICAI The submission and processing of return is an important link between the taxpayers and tax administration. Section 44 of the Central Goods & Services Tax (CGST) Act, 2017 stipulates that every registered person shall furnish an annual return for each financial year. Annual return is a consolidation of… Read More »
SUPREME COURT OF INDIA Principal Commissioner of Income-tax, 3 v. E Smart Systems (P.) Ltd. ROHINTON FALI NARIMAN AND NAVIN SINHA, JJ. SPECIAL LEAVE PETITION (CIVIL) DIARY NO. 40473 OF 2018 DECEMBER 3, 2018 A.N.S. Nadkarni, ASG, Ms. Swarupama Chaturvedi, Adv., H.R. Rao, Adv. and Mrs. Anil Katiyar AOR for the Petitioner. ORDER 1. Delay condoned. 2. The Special Leave Petition is dismissed. 3. Pending… Read More »
Income Tax on Senior Citizen Download Form no 12BBA Income Tax Act : For TDS of Senior Citizen under Section 194P Income Tax Notification No 99/2021 : CBDT Notified new Forms for TDS Returns : For, 16, Form 12BBa and Form 24Q Income Tax Notification No 98/2021 CBDT Notified Banks for TDS u/s 194P in… Read More »
No TDS of Senior citizens if Form 15H given for Nil Tax Payable After Sec 87A rebate Since the section 87A was amended by the Finance Act, 2019, to provide full tax rebate to taxpayers earning total income up to Rs. 5 lakh The CBDT made the consequent amendment in Form 15H used for furnishing… Read More »