The CBDT had notified ‘Debit card powered by RuPay’ and ‘UPI’ notified as prescribed mode of payments for the purpose of section 269SU. Considering the maximum payment limit prescribed under these modes, which are aren’t relevant for B2B businesses, the CBDT has clarified that Sec. 269SU shall not be applicable in case of person having… Read More »
Big Change in ITC Claim in GST due to lockdown I CA Satbir Singh
How to To Tax Audit I कैसे करें टैक्स ऑडिट I CA Satbir Singh
Ministry of Labour & Employment Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to have subscription at old rates of 12% Lower rates… Read More »
Taxmann’s Direct Taxes Ready Reckoner with Alternative Tax Regime & Break-even Tables (44th Edition A.Y. 2020-21 & 2021-22) Paperback – 18 May 2020 by Dr. Vinod K. Singhania (Author) Buy Online Click here Description Taxmann’s Ultimate Best-Seller, ‘Direct Taxes Ready Reckoner’ is a ready referencer for all provisions of the Income-tax Act. The 44th Edition is updated till… Read More »
HIGH COURT OF DELHI Sanjay Sawhney v. Principal Commissioner of Income-tax VIPIN SANGHI AND SANJEEV NARULA, JJ. IT APPEAL NO. 834 OF 2019 MAY 18, 2020 S. Krishnan, Adv. for the Appellant. Zoheb Hossain for the Respondent. JUDGMENT Sanjeev Narula, J. – The present appeal under section 260A of the Income Tax Act, 1961 (‘the Act’) is directed against the… Read More »
Big Change in GSTR 1 I CA Satbir Singh
ITR Filing Last Date AY 2020-21 I FY 2019-20 ITR Date Extended 2019-20,ITR Date,ITR Date 2020-21, ITR date 2019-20,ITR last date for AY2020-21, ITR Filing Date 2020,ITR Last Date,ITR return Date2020,ITR last date extended, Tax Audit Due date AY 2020-21 TDS Return due date
60% Depreciation allowed on Set Top Boxes : ITAT we have no hesitation to hold that the transaction in the present case is that of a loan/Finance. After going through the various terms of the deed, we find that the only role of the lessor in the present arrangement is to finance the transaction of… Read More »
Amount collected for Building Development Fund from students is capital receipt,not taxable : ITAT sample copies of the receipts issued from which it was evident that the contributions to ‘Development Fund’ were not collected on monthly basis along with tuition fees for the month but the students paid contributions to Development Fund at their own… Read More »