Condonation of delay rejected if Assessee was aware of due date of filing ITR : High Court HIGH COURT OF DELHI Puneet Rastogi v. Principal Chief Commissioner of Income-tax, (International Taxation) MANMOHAN AND MS. MANMEET PRITAM SINGH ARORA, JJ. W.P.(C) NO. 12478 OF 2022 AUGUST 30, 2022 Bhupinder Jit Kumar, Adv. for the Petitioner. Ruchir Bhatia and Ms. Mansie Jain Advs. for the… Read More »
Ministry of Finance Direct Tax collections (provisional) for the Financial Year (FY) 2022-23 exceed the Union Budget Estimates by Rs 2.41 lakh crore i.e. by 16.97% Direct Tax collections (provisional) for the FY 2022-23 exceed Revised Estimates by 0.69% Gross Direct Tax collections (provisional) for the FY 2022-23 stand at Rs. 19.68 lakh crore registering… Read More »
Section 194BA Income Tax , TDS on Winnings from online games. Insertion of new section 194BA. After section 194B of the Income-tax Act, the following section shall be inserted, namely:— Winnings from online games. ‘194BA. (1) Notwithstanding anything contained in any other provisions of this Act, any person responsible for paying to any person any… Read More »
Section 115BBJ Income Tax : Tax on winnings from online games. After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely ‘115BBJ. Notwithstanding anything contained in any other provisions of this Act, where the total income of an assessee includes any income… Read More »
ITC not allowed if supplier failed to deposit GST : High Court HIGH COURT OF MADRAS Pinstar Automotive India (P.) Ltd. v. Additional Commissioner DR. ANITA SUMANTH, J. W.P. NO. 8493 OF 2023 W.M.P. NO. 8686 OF 2023 MARCH 20, 2023 V. Veeraraghavan for the Petitioner. Ramesh Kutty for the Respondent. ORDER 1. M r.Ramesh Kutty, learned Senior Panel… Read More »
List of banks for tax payments HDFC Bank, Punjab & Sind Bank and State Bank of India have been migrated from OLTAS e-Payment of Taxes at NSDL to e-Pay Tax facility at the e-Filing portal for payment of taxes henceforth. List of banks for tax payments
Senior Citizens’ Savings (Amendment) Scheme 2023 NOTIFICATION New Delhi, the 31st March, 2023 G.S.R.240(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme further to amend the Senior Citizens’ Savings Scheme, 2019, namely:- 1. (1) This Scheme may… Read More »
National Savings (Monthly Income Account) (Amendment) Scheme 2023. NOTIFICATION New Delhi, the 31st March, 2023 G.S.R.239(E)—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme to further amend the National Savings (Monthly Income Account) Scheme, 2019, namely:- 1.… Read More »
Government Savings Promotion General (Amendment) Rules, 2023. NOTIFICATION New Delhi, the 31st March, 2023 G.S.R.238(E) — In exercise of the powers conferred by section 15 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following rules to amend the Government Savings Promotion General Rules, 2018, namely:- 1. These… Read More »
Companies (Indian Accounting Standards) Amendment Rules, 2023. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st March, 2023 G.S.R. 242(E). — In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the National Financial Reporting Authority, hereby makes… Read More »