Sec 195 TDS on Payment to celebrity outside India Summary : Sec 195 TDS on Payment to celebrity outside India is applicable The celebrity was to make an appearance in UAE event but admittedly the event was for below the line publicity in India. we are of the considered view that the income embedded in… Read More »
Equalisation levy jurisdiction officer is AO working in Pr. Chief CIT (International Taxation) region Equalisation levy jurisdiction officer is AO working in Pr. Chief CIT (International Taxation) region as per following Notification MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th March, 2020 (INCOME TAX) S.O. 1189(E).— In… Read More »
Tax dues recovery from Director is not valid, if could be recovered from Company : HC There is no whisper of any steps having been taken against the Company for recovery of the outstanding amount. Even in the impugned order, no such details or information has been staled. HIGH COURT OF GUJARAT Sonal Nimish Patel… Read More »
No 194C or 195 TDS if export freight paid to shipping agent of non-resident HIGH COURT OF GUJARAT Principal Commissioner of Income-tax-14 v. Summit India Water Treatment and Services Ltd. J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/TAX APPEAL NO. 830 OF 2019 FEBRUARY 3, 2020 Mrs. Mauna M. Bhatt for the Appellant. ORDER Bhargav D. Karia, J.… Read More »
CBDT Circular C 1 of 2020 [ Note this circular is withdrawn and new circular issued from FY 2023-24 onwards refer Circular 4/2023 issued by CBDT Dated 05-04-2023 Clarification regarding deduction of TDS from salary under New Tax Regime ] F. No. 370142/13/2020-TPL Government of India Ministry of Finance Department of Rcvenue Central Board of… Read More »
How to Cancel , Update and Extend Eway Bill Validity Users of EWB Portal may note that, they can exercise following options in such a scenario: Cancel the EWB: Supplier of goods can cancel the EWB, within 24 hours of its generation, subject to the condition that the EWB has not already been verified by the… Read More »
Download 197 Certificate for Section 194M Only TRACES Registered users can Download 197 Certificate for Section 194M from F.Y 2019-20 onwards. • Deductor (after login as a Taxpayer on TRACES) can download 197 certificate if request of Form-13 is approved by Assessing Officer. • Deductor can view or download 197 Certificate for Section 194M from… Read More »
20 Expenses & Investments Tracked by Income Tax Dept I High Value Transactions I CA Satbir Singh Expenses & Investments of every person are tracked by Income Tax department to identify source of Income and to ascertain whether the person has paid income tax in his #IncomeTaxReturn When is PAN required and when reporting is… Read More »
Ministry of Finance Robust Digital Payment Infrastructure Enables Prompt Transfer of Cash Payment under Pradhan Mantri Garib Kalyan Package. A digital pipeline has been laid through linking of Jan-Dhan accounts as well as other accounts with the account holders’ mobile numbers and Aadhaar [Jan Dhan-Aadhaar-Mobile (JAM)]. This infrastructure pipeline is providing the necessary backbone for DBT… Read More »
CGST Rules, 2017 as amended up to 03.04.2020 Download CGST Rules 2017 Part A Part B