Company Secretaries to declare PAN /Aadhaar while paying membership fees/ applying Fellowship Company Secretaries to declare PAN / Aadhaar (optional) while making online payment of annual membership fees /applying for ICSI Fellow membership Advisory for Members of ICSI Members would henceforth be required to declare their PAN (mandatory) and Aadhaar / UID Number (optional) at… Read More »
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 04th May, 2019 PRESS RELEASE Income Tax Department conducts searches on a business group dealing in lotteries Income Tax Investigation Directorate, Chennai conducted searches on a Coimbatore based business group handling the lotteries run by certain State Governments under… Read More »
The process of managing the ITD-related proceedings electronically is known as e-proceedings. In place of handling the proceedings manually, user can manage their proceedings online through assigned Income Tax Officer (ITO). With an assigned ITO, assessee can communicate online to reduce visits in IT office for regular issues. The e-Proceeding is available for all applicable type of… Read More »
A bare reading of the above notice suggests that the notice has been issued in a casual fashion. The Assessing officer has not applied his mind and no specific charge is mentioned for which the assessee was required to be show caused. In absence of the requisite contents of specific charge the initiation of proceedings… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 38/2019 New Delhi, the 3rd May, 2019 G.S.R. 347(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct taxes), published on the 12th April, 2019, vide G.S.R. 304(E), in the Gazette of India, Extraordinary, Part… Read More »
GST Invoices to be issued form Portal By September 2019, all invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal, a move aimed at curbing the menace of fake invoices and evasion of GST, officials said. The revenue secretary is monitoring the progress of implementation… Read More »
It is a settled position in law that the Assessing Officer acquires jurisdiction to issue a re-opening notice only when he has reason to believe that income chargeable to tax has escaped Assessment. This basic condition precedent is applicable whether the return of income was processed under Section 143(1) of the Act by intimation or… Read More »
Kerala High Court Union of India Vs Shiyaad : WA. No. 2061 of 2017 Dated 29/03/2019 Union of India Vs Shiyaad (Kerala High Court) Respondents 1 to 3 in the writ appeal claim to be the members of an association by name ‘Plastic Recycling Industrial Association’. They sent Ext.P2 representation to the Goods and Services… Read More »
HIGH COURT OF MADRAS Smt. Ritha Sabapathy v. Deputy Commissioner of Income-tax, Circle-1, Chennai DR. VINEET KOTHARI AND C.V. KARTHIKEYAN, JJ. TAX CASE APPEAL NO. 169 OF 2019 FEBRUARY 19, 2019 R. Sivaraman, Sr. Standing Counsel for the Appellant. Mrs. V. Pushpa for the Respondent. JUDGMENT Dr. Vineet Kothari, J. – The Assessee has filed this Tax Case (Appeal) under Section 260-A… Read More »
How to do Correction In GST Tax Invoice Video Explanation by CA Satbir Singh in Hindi A Supply to Unregistered Person was made and Tax invoice was made in June but by mistake wrong purchaser name was written in tax invoice , now we want to cancel that tax invoice and generate new tax invoice… Read More »