Income Tax Refund Started for AY 2021-22 I CA Satbir Singh
Income Tax Refund Started for AY 2021-22 I CA Satbir Singh 4
Reopening Assessement based on 26AS Mismatch is valid : HC
Reopening Assessement based on 26AS Mismatch is valid Facts of the case Elaborating on the issue regarding the TDS, it is submitted that there is a huge difference between the data reflected in Form 26AS and the assessee’s statement. Form 26AS is constantly updated from time to time and the figures may increase or decrease… Read More »
How to Reply GST Notice for Mismatch of GSTR 3B & GSTR 2A /2B I CA Satbir Singh
How to Reply GST Notice for Mismatch of GSTR 3B & GSTR 2A /2B I CA Satbir Singh
USA IRS : Understanding the tax responsibilities that come with starting a business
Understanding the tax responsibilities that come with starting a business Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new… Read More »
Tenant not paid GST, Information for ITC claim by tenant can not asked from GST department by owner : AAR
Facts of the case Petitioner has been charging Service Tax/GST at the rate of 18% on the monthly rent, but Respondent No. 1 has not been paying the said taxes. Notwithstanding the said default, Petitioner has been regularly depositing the taxes with the tax department. Our attention is drawn to the tabulation in the petition,… Read More »
ITC on promotional products/Materials and Marketing Items : AAR Ruling
“Whether in the facts and circumstances of the case, the promotional products/Materials and Marketing Items used by the Applicant in promoting their brand and marketing their products can be considered as “inputs” as defined under section 2(59) of the CGST Act, 2017 and GST paid on the same can be availed as input tax credit… Read More »
Can ITC be claimed by Debit notes in 2020-21 for transactions underatken in 2018-19 : AAR Ruling
Authority of Advance Ruling Case Law : 127 Taxheal.com 45 Can the applicant claim Input Tax Credit in relation to CGST-SGST separately in debit notes issued by the supplier in current financial year i.e. 2020-21, towards the transactions for the period 2018-19?” Answer: The applicant cannot claim Input Tax Credit in relation to CGST-SGST separately in debit… Read More »
Income Tax Audit utility AY 2021-22 Enabled I CA Satbir Singh
Income Tax Audit utility Enabled AY 2021-22 I CA Satbir Singh
Income Tax Circular No 17/2021 ITR and Tax Audit Dates Extension for AY 2021-22
Income Tax Circular No 17/2021 CBDT issued Income Tax Circular No 17/2021 ITR and Tax Audit Dates Extension for AY 2021-22 . Refer Below video and Circular F. No. 225/49/2021/ITA-1I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 9th September, 2021 Subject: Extension of time lines… Read More »
AY 2021-22 ITR filing Dates extended by CBDT & also various reports of audit for Assessment Year 2021-22
CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22 Posted On: 09 SEP 2021 On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act,… Read More »