CA Arrested for GST Fraud of Rs 12.67 Crore I CA Satbir Singh
CA Arrested for GST Fraud of Rs 12.67 Crore I CA Satbir Singh
Daily Archives: February 4, 2021
Income escaping assessment and search assessments I New procedure I Finance Act 2021
Income escaping assessment and search assessments Under the Act, the provisions related to income escaping assessment provide that if the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year, he may assess or reassess or recompute the total income for such year under section 147… Read More »
Income Tax Department conducts searches in Assam
Ministry of Finance Income Tax Department conducts searches in Assam Posted On: 03 FEB 2021 Income Tax Department carried out search and survey action on 29.01.2021 in the cases of three leading businesses of Assam. The groups are engaged in construction, contracting and business of tea garden. The search and survey actions were carried out… Read More »
Payment of Tax by Fixed Sum Method under QRMP Scheme of GST
Payment of Tax by Fixed Sum Method under QRMP Scheme 03/02/2021 W.e.f. 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly Returns and Monthly Payment of Tax (QRMP) Scheme for tax payment for first 02 months of a quarter: Fixed Sum Method: Portal can generate a pre-filled challan in… Read More »