GST Refund Clarification : Circular No 135/05/2020 GST
GST Refund Clarification : Circular No 135/05/2020 GST,Circular on Clarification on refund related issues – … Read More »
Monthly Archives: March 2020
Nil/lower TDS/TCS certificate for FY 2020-21 : CBDT relaxation
Considering the constraints of officers in disposing application for nil/lower TDS/TCS, the CBDT has clarified that payees can deduct tax as per their existing certificates upto June 30, 2020 for the Financial Year 2020-21 until their application is disposed by the AO. All other payees can apply for nil/lower deduction of tax certificate via email… Read More »
No Extension of the Financial Year 2019-20
Ministry of Finance No Extension of the Financial Year Posted On: 30 MAR 2020 There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp… Read More »
TDS on Cash Withdrawal from Banks : Section 194N Income Tax
TDS on Cash Withdrawal from Banks & Post Office TDS on Cash withdrawal from banks ,Cooperative Banks and Post Office under Section 194N has been changed by Finance Act 2020 w.e.f 01.07.2020 Video Explanation by CA Satbir Singh on Changes in TDS on Cash Withdrawal section 194N by Finance No (2) Act 2019 w.e.f 01.09.2019… Read More »
Mandatory ITR (Income Tax Return) Filing for AY 2020-21 I CA Satbir Singh
Mandatory ITR (Income Tax Return) Filing for AY 2020-21 I CA Satbir Singh
EPF Scheme to allow withdrawal of non-refundable advance
Ministry of Labour & Employment Union Labour Ministry notifies amendment in EPF Scheme to allow withdrawal of non-refundable advance by EPF members in the event of outbreak of pandemic EPFO directs its field offices to process claims promptly Posted On: 29 MAR 2020 Union Ministry of Labour and Employment has issued notification GSR 225(E) amending… Read More »
New claim can be filed in Return for deduction u/s 153A : HC
HIGH COURT OF BOMBAY Principal Commissioner of Income-tax, Central-2 v. JSW Steel Ltd. UJJAL BHUYAN AND MILIND N. JADHAV, JJ. IT APPEAL NO. 1934 OF 2017 FEBRUARY 5, 2020 A.R. Malhotra for the Appellant. JUDGMENT Milind N. Jadhav, J. – The present appeal under section 260A of the Income-tax Act, 1961 takes exception to the order dated 28-9-2016… Read More »
Goods seized, Owner can prove his innocence before GST Authorities : HC
HIGH COURT OF ALLAHABAD Vajid v. State of U.P. MUNISHWAR NATH BHANDARI AND MANISH KUMAR, JJ. MISC. BENCH NO. 34650 OF 2019 JANUARY 23, 2020 N.C. Gupta, Manish Nigam and Tushar Kant Gupta for the Petitioner. ORDER 1. By this writ petition, a prayer is made for release of vehicle bearing U.P.-32 CN-5694 ceased by the respondents. It is when the… Read More »
No Revision u/s 263 if AO conducted required enquiry : ITAT
IN THE ITAT MUMBAI BENCH ‘D’ Dena Bank v. Principal Commissioner of Income-tax – 2, Mumbai G. MANJUNATHA, ACCOUNTANT MEMBER AND RAVISH SOOD, JUDICIAL MEMBER IT APPEAL NO. 2159 (MUM.) OF 2018 [ASSESSMENT YEAR 2014-15] JANUARY 23, 2020 S. Ananthan and Mrs. Lalitha Rameswaran, CA’s for the Appellant. Manoj Kumar Singh and Kumar Padmapani Bora for the Respondent. ORDER G. Manjunatha, Accountant… Read More »
whether GST proceeding are covered in moratorium order for Corporate Debtors, case remanded back : HC
Case remanded to GST Authority to examine whether order of moratorium also covered pending GST proceeding: HC HIGH COURT OF GAUHATI National Plywood Industries Ltd. v. Union of India ACHINTYA MALLA BUJOR BARUA, J. W.P. (C). NO. 1059 OF 2020 FEBRUARY 17, 2020 M. Kataki, Adv. for the Petitioner. JUDGMENT 1. Heard Mr. M Kataki, learned counsel… Read More »