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Fake GST Invoice: GST Department started Blocking ITC of fake credit availers

Fake GST Invoice: GST Department started Blocking ITC of fake credit availers Attention is drawn to the provisions of Rule 86A(1)(a) of the Central Goods and Service Tax Rules, 2017 which empowers the CGST officers to block input...

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​Income tax Deduction from salaries during the Financial Year 2019-20 under section 192 of the Income-tax Act, 1961

Reference is invited to Circular No. 1/2019 dated 01.01.2019 whereby the rates of deduction of income-tax from the payment of income under the head “Salaries” under Section 192 of the Income-tax Act, 1961 (hereinafter ‗the Act‘), du...

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While filing forms SPICe - eMoA & eAoA, Only declaration by first subscriber(s) and director(s) in INC-9 is mandatory and affidavit is NOT required to be filed. Stakeholders are requested NOT to file Affidavits as a simple Declaration is adequate.

While filing forms SPICe - eMoA & eAoA, Only declaration by first subscriber(s) and director(s) in INC-9 is mandatory and affidavit is NOT required to be filed. Stakeholders are requested NOT to file Affidavits as a simple Declaration is adequate...

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CBDT grants relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for Assessment Year 2020-21

CBDT grants relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for Assessment Year 2020-21 In order to ensure that the e-filing utility for filing of return for assessment year (A.Y) 2020-21 is ava...

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Amendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an international group

Amendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an international group G.S.R. 14(E).—In exercise of the powers conferred by sub-section (1) and sub-section (4) of s...

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2nd National GST Conference held for streamlining GST system

2nd National GST Conference held for streamlining GST system The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue...

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Monthly Tax Compliance Newsletter for December 2019

Check out Newsletter for monthly updates, you can download full newsletter by clicking here  Sr. no Content   Page 1 Registration on Independent Directors’ Databank   1 2...

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CBDT notifies ITR-1 and ITR-4 for Assessment year 2020-21

CBDT notifies ITR-1 and ITR-4 for Assessment year 2020-21 G.S.R. 9(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the follow...

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Relaxation of time Compounding of Offences under Direct Tax Laws One time measure Extension of Timeline

Relaxation of time Compounding of Offences under Direct Tax Laws One time measure Extension of Timeline Reference is invited to the Circular No. 25/2019 F. No. 285/08/2014-IT(Inv. V)/350 dated 09.09.2019, whereby, the condition for filing...

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CBDT condones delay in filing of Form No. 10B

CBDT condones delay in filing of Form No. 10B Under the provision of section 12A of Income Tax Act, 1961 (hereafter ‘Act’) where the total income of a trust or institution as computed under the Act without giving effect to the provisions...

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