MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th September, 2021 S.O. 3814(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to as the said Act),… Read More »
Government extends certain timelines to ease compliances Posted On: 17 SEP 2021 10:54PM by PIB Delhi The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to extend timelines for compliances under… Read More »
Central Government relaxes provisions of TDS u/s 194A of the Income-tax Act, 1961 in view of section of 10(26) of the Act Posted On: 17 SEP 2021 10:55PM by PIB Delhi The Central Government in exercise of the powers conferred by sub-section(1F) of section 197A of the Income-tax Act, 1961(“the Act”) notified that no deduction… Read More »
Income Tax Department conducts searches in Mumbai and other regions Posted On: 18 SEP The Income Tax Department conducted a search and seizure operation at various premises of a prominent actor in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. Total 28 premises spread over Mumbai, Lucknow, Kanpur, Jaipur, Delhi,… Read More »
New Key Changes in GST I Big Relief to Taxpayers I ITC I GST Rates I Late Fees I CA Satbir Singh
45th GST Council Meeting Decisions and Press Release 45th GST Council meeting held on 17.09.2021 45th Meeting of the GST Council, Lucknow 17th September, 2021 *** PRESS RELEASE The GST Council’s 45th meeting was held today in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council… Read More »
Pay STCG on sale of flat if Deprecaition was claimed earlier and then convereted into Investment in Balance Sheet before sale I Supreme Court SUPREME COURT OF INDIA Sakthi Metal Depot v. Commissioner of Income-tax A.M. KHANWILKAR AND SANJIV KHANNA, JJ. CIVIL APPEAL NO(S). 8605 OF 2011 JULY 7, 2021 Navanjay Mahapatra, Varun Chug, Sughosh Subramanium, Advs., Mrs. Anil Katiyar,… Read More »
Business codes for ITR ( Income Tax return ) AY 2021-22 Business codes for ITR AY 2021-22 are specified by income tax department is person is having business or professional income Why Business codes are required in ITR . Nature of Business Please enter the name of business, business Code and description of business. The… Read More »
New Advisory on GST Eway Bill Generation I CA Satbir Singh Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services. 16/09/2021 1. Representations have been received from various trade bodies stating that they are not able to generate EWB bill for movement of those goods where their principle supply… Read More »
Share Trading Speculative Loss in Income Tax Return AY 2021-22 I CA Satbir Singh