Seeks to amend notification No. 12/2017- Central 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-Central Tax (Rate) G.S.R. 688(E).— In exercise of the powers conferred by sub-sections (3) and (4) of section 9, sub-section (1)… Read More »
Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th September, 2021 No. 06 /2021-Central Tax (Rate) G.S.R.. 687(E).—In exercise of the powers conferred by sub-section (1), sub-section (3) and sub-section (4) of section 9,… Read More »
How to File Rectification of Income Tax Returns on New efiling portal I CA Satbir Singh
Ministry of Corporate Affairs Consultation Paper on Statutory Audit and Auditing Standards for Micro, Small and Medium Companies (MSMCs) Posted On: 29 SEP 2021 India is unique among the big economies of the world in statutorily mandating compulsory audit for all companies, irrespective of their size and characteristics. In view of the significant role played… Read More »
Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI) Posted On: 29 SEP 2021 The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item… Read More »
Income shown in 26AS can not be taxed in mechanical way without verification by Income tax officer : ITAT While filing her return of income the assessee has shown income from profession and other sources. During the process by CPC, the additions were made in the hand of assessee on the basis of TDS shown… Read More »
HIGH COURT OF DELHI Faqir Chand v. National E-Assessment Center, Delhi MANMOHAN AND NAVIN CHAWLA, JJ. W.P.(C) NO. 8054 OF 2021 CM APPL. NOS. 25043 AND 25044 OF 2021 AUGUST 9, 2021 JUDGMENT CM APPL. 25044/2021 (exemption) Manmohan, J.— Allowed, subject to all just exceptions. Accordingly, the application stands disposed of. W.P.(C) 8054/2021 & CM APPL. 25043/2021 1. The… Read More »
F.No. 299/22/2021-Dir (Inv. III)/174 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** ORDER Civic Centre, New Delhi Dated the 28.09.2021 Subject: Order under section 119(2)(b) of the Income Tax Act, 1961 for filing applications for settlement before the Interim Board for Settlement – reg The Finance Act, 2021… Read More »
Section 54F relief allowed even if payment is made one year before acquisition of property : High Court HIGH COURT OF KARNATAKA M. George Joseph v. Deputy Commissioner of Income-tax, Circle-12(2), Bangalore ALOK ARADHE AND HEMANT CHANDANGOUDAR, JJ. IT APPEAL NO. 238 OF 2015 JULY 12, 2021 Shankar A., Sr. Counsel and Bhairav Kuttaiah, Adv. for the Appellant. E.I. Sanmathi,… Read More »
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 »