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 Enabled AY 2021-22 I CA Satbir Singh
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 »
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 »
How to get NRI Lower TDS Certificate on Property Sale ISection 195 of Income Tax
e-Filing portal of the Income Tax Department – updates Posted On: 08 SEP 2021 The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June, 2021. Taxpayers and professionals have reported glitches and difficulties in the portal since then. The Ministry of Finance has been regularly monitoring the resolution of issues with Infosys… Read More »
New Income Tax Changes I Notice & Assessement I CA Satbir Singh
F. No.225/97/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** New Delhi, Dated 6th September, 2021 To, F. No.225/97/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** ~ \ New Delhi, Dated b September, 2021 All Principal Chief Commissioners of Income… Read More »
Income Tax Notification No101 /2021 : Income-tax (27th Amendment) Rules, 2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th September, 2021 G.S.R. 616(E).—In exercise of the powers conferred by sub-clause (b) of clause (i) of sub-section (7) of section 144B read with section 295 of the Income-tax… Read More »
CBDT amends Income-tax Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings Posted On: 07 SEP 2021 For easing the process of authentication of electronic records in faceless assessment proceedings, the Government has amended Income-tax Rules, 1962 (‘the Rules’) vide notification no G.S.R. 616(E) dated 6th September, 2021. The amended Rules provides… Read More »