Power of commissioner of income tax Power of commissioner of Income Tax are defined in Income tax Act of India . [This article is written by CA satbir Singh (Contact us Taxheal@gmail.com )] The Commissioner of Income Tax is an important income tax authority which has executive and judicial powers. The Commissioner exercises the power… Read More »
Know your Member (KYM) Form FAQs by ICAI released Members & Students Services (Grievances Handling and e-Sahaayataa) Directorate The Institute of Chartered Accountants of India 23rd March, 2023Announcement Implementation of Know your Member (KYM) Form The ICAI has launched “Know Your Member (KYM)” Form which is to be filed annually through Self-Service Portal (SSP) of the ICAI.… Read More »
New Change in GST for Non Filer of GST Returns I CA Satbir Singh Amendment to Finance Bill 2023 Download
Amendment to Finance Bill 2023 Download Amendments to the Finance Bill, 2023 (as introduced in Lok Sabha). The Lok Sabha is scheduled to take up the Finance Bill on Friday, March 24, 2023 a list of business shows. The list of business for March 24, says: “Finance Minister Nirmala Sitharaman to move that the (Finance) Bill… Read More »
Date of Linking Aadhaar Card extended till 31.03.2024 MINISTRY OF LAW AND JUSTICE (Legislative Department) NOTIFICATION New Delhi, the 21st March, 2023 S.O. 1359(E).—In exercise of the powers conferred by sub-section (5) of section 23 of the Representation of the People Act, 1950 (43 of 1950), the Central Government hereby makes the following amendment in… Read More »
Assessee eligible for sec. 54F relief even if he own house in foreign country : ITAT IN THE ITAT COCHIN BENCH Smt. Maries Joseph v. Deputy Commissioner of Income-tax, International Taxation, Kochi N.V. VASUDEVAN, VICE PRESIDENT AND MS. PADMAVATHY S., ACCOUNTANT MEMBER IT APPEAL NOS.613 AND 566 (COCH.) OF 2022 [ASSESSMENT YEAR 2015-16] JANUARY 2, 2023… Read More »
Advisory for the taxpayer wishing to register as “One Person Company” in GST 21/03/2023 As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is defined as a company which has only one person as member. Some issues have been raised by the persons registering as ‘One Person Company’ while they… Read More »
Roll out of ‘AIS for Taxpayer’ Mobile App Posted On: 22 MAR 2023 6:37PM by PIB Delhi The Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). ‘AIS for Taxpayer’ is a mobile application provided free… Read More »
HSN Code Reporting in e-Invoice on IRPs Portal” in GST 22/03/2023 Dear Taxpayers, 1. We would like to bring to your attention notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward… Read More »
Income Tax Reassessment Notice should clearly specify reasons for escapement of income of assessee : High Court HIGH COURT OF DELHI RK Gupta & Son HUF v. Income-tax Officer RAJIV SHAKDHER AND MS. TARA VITASTA GANJU, JJ. W.P.(C) 17466 OF 2022 CM NOS. 55738-39 OF 2022 DECEMBER 21, 2022 Ruchesh Sinha and Samyak Jain, Advs. for the Petitioner. Ajit Sharma, Sr.… Read More »