ITAT Mumbai Ms Deekay Gears Vs ACIT ITA No. 2366/Mum./2018 Date of Judgement: 16/01/2019 Related Assessment Year : 2009-10 Aforesaid appeal has been filed by the assessee challenging the order dated 21stSeptember 2017, passed by the learned Commissioner (Appeals)-40, Mumbai, pertaining to assessment year 2009-10. 2. There is a delay of 116 days in filing… Read More »
Non-resident company which did not have any permanent establishment India and the services by the said company was rendered outside India and such no services was rendered or no activity was performed in India section 195 of the Act comes into play only if the concerned recipient’s income is chargeable to tax in India.… Read More »
ITAT Jaipur Bithal Dass Mundra Vs DCIT ITA No. 433/JP/2018 Date of Judgement: 20/12/2018 Related Assessment Year : 2014-15 This appeal by the assessee is directed against the order dated 01/02/2018 of ld. CIT(A)-IV, Jaipur for the A.Y. 2014-15. The assessee has raised following grounds of appeal: “1. That under the facts and circumstances of the case… Read More »
we do not find any restriction/condition imposed mandating investment of the capital gain/sale proceeds towards purchase of new house for claiming deduction under section 54 of the Act. What the provision postulates is, for claiming deduction the assessee has to make investment in purchase of a new house one year before or two years after… Read More »
Penalty for Late Filing of Income Tax Return Not filing your ITR (Income Tax Return) on time can lead to a penalty /Late Fees , but there are also other consequences and inconveniences attached to the delay. Refer Section 234F of Income Tax Act for Fees for default in furnishing return of income Let us… Read More »
The assessee has duly filed the return u/s. 139(1) within the due date. Thereafter, the assessee claimed the depreciation on goodwill in the revised return u/s. 139(5) which was filed on time. This claim of deprecation in the revised return cannot be denied solely on the ground that it was not claimed in the original… Read More »
The Hon’ble High Court in the case of Cheminvest Limited , has held that if no dividend income is earned during the year, no disallowances u/s 14A of the Act is warranted All ITAT ACIT Vs Prabhatam Advertising (P) Ltd. ITA No. 1439/Del/2015 Date of Judgement: 12/06/2018 Related Assessment Year : 2011-12 This appeal by… Read More »
How to File GSTR 9 online on GST Portal FAQs > GSTR-9 1. What is Form GSTR-9? Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input… Read More »
How to File GSTR 9A Online FAQs > GSTR-9A 1. What is Form GSTR-9A? Form GSTR-9A is an annual return to be filed once, for each financial year, by taxpayers who have opted for composition scheme, for any period during the said financial year. The taxpayers are required to furnish details regarding outward supplies, inward… Read More »
Download GSTR-9C Offline Utility The excel based GSTR-9C offline utility is designed to help the taxpayer to prepare the GSTR-9C return offline. The utility can be downloaded from this link.Download [ Refer How to file GSTR 9C online (GST Audit Reconciliation Statement ) ] Your downloaded (GSTR9C Offline Tool) zip file contains: GSTR_9C_Offline_Utility (Excel Macro)… Read More »