BOI LOAN APPLICATION FORMS BOI LOAN APPLICATION FORMS The Bank of India (BOI) offers a suite of specialized “Star” loan products. These application forms are typically available as downloadable PDFs from the official BOI portal or at physical branches. Below is a breakdown of the key points for each scheme and where to find the… Read More »
Shift from Writ Jurisdiction to GSTAT Following its Constitution Facts The Dispute: The Petitioner challenged an adverse assessment order for the period 2020-21, which had been affirmed by the First Appellate Authority. The Problem: At the time the dispute arose, the Goods and Services Tax Appellate Tribunal (GSTAT) had not been constituted, leaving the Petitioner… Read More »
Statutory Appeal vs. Writ: Condonation of Delay for Period Spent in Rectification Facts The Dispute: The Petitioner challenged an Order-in-Original and a summary demand in Form GST DRC-07 for the period July 2017 to March 2018. The Cause: The demand originated from a DRC-01A notice based on an Input Tax Credit (ITC) mismatch between GSTR-3B… Read More »
[Video] INCOME TAX PENALTY NOTICE SECTION 272A(1)(d) ISSUED! STEP BY STEP GUIDE HOW TO REPLY Summary This video provides a detailed step-by-step guide on how to respond to an Income Tax penalty notice issued under Section 272A(1)(d). It explains that this notice is typically issued for Assessment Year 2024-25 when a taxpayer fails to comply… Read More »
Bank of India SSA FORMS Bank of India SSA FORMS The Sukanya Samriddhi Account (SSA) forms for Bank of India (BOI) are standardized under the Government Savings Promotion Rules. These forms are used to manage the savings scheme specifically designed for the benefit of a girl child. Below are the key forms and their primary… Read More »
Bank of India SCSS FORMS Bank of India SCSS FORMS The Senior Citizens Savings Scheme (SCSS) forms for Bank of India (BOI) are standardized government forms used to manage this high-yield investment specifically designed for individuals aged 60 and above. Below is the breakdown of the forms you mentioned and their specific roles in the… Read More »
Show Cause Notice for Penalty under section 272A(1)(d) of the Income Tax Act 1961 Why Show Cause Notice for Penalty under section 272A(1)(d) of the Income Tax Act 1961 is issued : A penalty under Section 272A(1)(d) can be imposed if a person fails to: Comply with a notice under Section 142(1): These are notices… Read More »
Fraudulent Non-Filing: Inapplicability of the ‘Escape Clause’ Under Section 74 Facts The Default: For the Financial Year 2017-18, the assessee raised invoices totaling ₹20.92 crores, which included a GST component of ₹3.19 crores. Non-Compliance: Despite collecting/raising invoices for these amounts and receiving partial payments from clients, the assessee failed to file monthly GSTR-3B returns and… Read More »
Invalidity of Service Tax Demands Based Solely on Form 26AS and Misuse of Extended Limitation Facts The Projects: The appellant assessee was awarded prestigious civil construction contracts, including the Legislative Assembly of Nagaland at Kohima (by PWD) and a school building (by the Development Authority, Nagaland). The Exemption Claim: The Petitioner contended that these were… Read More »
Invalidity of Composite Assessment Orders Spanning Multiple Financial Years Facts The Scope: The Petitioner, a registered company, was served with a single, composite assessment order covering a period from November 2020 to October 2023. The Overlap: This period spanned across multiple tax periods and more than one financial year. The Challenge: The Petitioner approached the… Read More »