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New GST Notifications issued on 18.11.2021

By | November 20, 2021

New GST Notifications issued on 18.11.2021 Supplies in Which GST to be Paid by E-Commerce Operator Notification No 17/2021-Central Tax (Rate) : Seeks to amend Notification No 17/2017- Central Tax (Rate) dated 28.06.2017 Notification No 17/2021- Integrated Tax (Rate) : Seeks to amend Notification No 14/2017- Integrated Tax (Rate) Notification No 17/2021-Union Territory tax(rate) :… Read More »

Income Tax search on Fintech company providing instant short term personal loan through Mobile App.

By | November 17, 2021

Income Tax Department conducts searches in Delhi and Haryana Posted On: 17 NOV 2021 The Income Tax Department carried out search and seizure operations on 09.11.2021 in the case of a Fintech company providing instant short term personal loan through Mobile App. The searches were conducted on the business and residential premises in Delhi and… Read More »

Error no. ITD-EXEC2002 on income tax portal when generating new rectification request for the A.Y. 2020-2021

By | November 8, 2021

Error no. ITD-EXEC2002 on income tax portal I getting Intimation order U/s. 143(1), And Return is processed. Now, when I go to Rectification of return for the A.Y. 2020-2021 then I faced error like this: ” Error : Something seems to have gone wrong while processing your request. Please try again. If error persists quote… Read More »

PM CARES for Children Scheme 2021 Notification Download

By | October 9, 2021

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 6th October, 2021 G.S.R. 723(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, namely:- 1. (1)This Scheme may be called the PM CARES for Children Scheme,… Read More »

22 New GST Notifications effective from 1st Oct 2021

By | October 1, 2021

22 New GST Notifications effective from 1st Oct 2021 GST Rate on Services changes from 01st October 2021 Notification No 06 /2021-Central Tax (Rate) : CGST Rate on Services changes from 01st October 2021 Notification No 06/2021- Integrated Tax (Rate) : IGST Rates on Services changed from 1st October 2021 Notification No. 06/2021-Union Territory Tax… Read More »

GST Notification No. 07/2021-Union Territory Tax (Rate) : UTGST Exemption for Services changed from 1st Oct 2021

By | October 1, 2021

Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021 NOTIFICATION New Delhi, the 30th September, 2021 No. 07/2021-Union Territory Tax (Rate) G.S.R. 692(E).—In exercise of the powers conferred by sub-sections (3) and (4) of section 7, subsection (1)… Read More »

Sale of Jaggery is not agriculture income in Income Tax : High Court

By | September 27, 2021

Sale of Jaggery is not agriculture income in Income Tax : High Court HIGH COURT OF MADRAS E. Palaniappan v. Income-tax Officer Ward – II(1), Salem M. DURAISWAMY AND MRS. R. HEMALATHA, JJ. TAX CASE APPEAL NOS.1467 & 1468 OF 2008 JUNE  22, 2021 Niranjan Rajagopal for the Appellant. M. Swaminathan, Sr. Standing Counsel and Mrs. V. Pushpa, Standing Counsel for… Read More »

Depreciation and Expenses allowed on Car purchased in Director name : ITAT

By | September 27, 2021

Depreciation and Expenses allowed on Car purchased in Director name IN THE ITAT AHMEDABAD BENCH ‘C’ Income-tax Officer, Ward-1(1)(2), Ahmedabad v. Bajaj Herbals (P.) Ltd. MS. MADHUMITA ROY, JUDICIAL MEMBER AND WASEEM AHMED, ACCOUNTANT MEMBER IT APPEAL NOS. 2349 (AHD) OF 2015 [ASSESSMENT YEAR 2009-10] JULY  15, 2021 L.P. Jain, SR DR for the Appellant. Tushar Hemani, Sr.… Read More »