भारत से होने वाले निर्यात में लगातार आठवें महीने गिरावट दर्ज की गई है. इस वर्ष मई माह में इसमें लगभग 29 फ़ीसदी की गिरावट दर्ज की गई.

भारत में बुधवार आधी रात के बाद पेट्रोल चार रुपए प्रति लीटर और डीज़ल दो रुपए प्रति लीटर महँगा हो जाएगा. केरोसिन और रसोई गैस के दाम नहीं बढ़ाए गए हैं.

संसद का बजट सत्र गुरुवार से शुरु हो गया है. इसमें रेल बजट और आम बजट पेश किए जाएँगे. इस सत्र में कई अन्य मुद्दे उठने की भी संभावना है.

दक्षिणी राज्य कर्नाटक के मैसूर शहर में दो संप्रदायों के बीच हुई हिंसा में तीन लोगों की मौत हो गई है. हिंसा प्रभावित इलाक़े में र्क्फ़्यू लगा दिया गया है.

भारतीय संसद में पेश किए गए आर्थिक सर्वेक्षण में इस वर्ष विकास दर सात से साढ़े सात फ़ीसदी के बीच रहने का अनुमान जताया गया है.

भाजपा ने रेल बजट की आलोचना करते हुए इसे दिशाहीन बताया है. पूर्व रेल मंत्री लालू प्रसाद यादव ने रेलवे की घटती आमदनी को चिंताजनक बताया है.

पाकिस्तान में सेना का कहना है कि ऑरकज़ई में सेना के एक हेलीकॉप्टर के दुर्घटनाग्रस्त होने से 26 पाकिस्तानी सैनिकों के मारे जाने की आशंका है.

सोते समय नाक और गले की मांसपेशियां ढीली पड़ जाती हैं. इससे हमारे तालू के मुलायम हिस्सों में कम्पन पैदा होता है और एक आवाज़ निकलती है.

भारत से सप्ताह की तस्वीरें

मार्क्सवादी कम्युनिस्ट पार्टी की केरल ईकाई में जारी विवाद पर विचार-विमर्श के लिए पार्टी की पोलित ब्यूरो की अहम बैठक नई दिल्ली में हो रही है.

पश्चिम बंगाल में हावड़ा रेलवे स्टेशन के नज़दीक एक मिनी बस के पुल से नीचे गिरने से कम से कम नौ लोगों की मौत हो गई और 40 अन्य घायल हो गए.

उत्तर प्रदेश की मुख्यमंत्री मायावती ने आशंका जताई है कि आय से अधिक संपत्ति के मामले में सीबीआई उन्हें जेल भेज सकती है.

The point of taxation in the present case would be the date of JDA itself and service tax would be applicable as the JDA was entered before 01.07.2017 and the time to discharge such liability would be the month following the month in which SA was entered or handover of flats to the landowner has tak

Since the coming into force of Insolvency and Bankruptcy Code, 2016 (IBC) and operationalisation of National Company Law Tribunal(s) in India, various new legal issues have cropped up over the last 3 years before the NCLTs and NCLAT, which finally reached before the Hon'ble Supreme Court and still c

Recently Gujarat High Court ([TS-858-HC-2018(GUJ)-NT-Torrent Power Ltd]) has held that when a company is engaged in the business of supply and distribution of electric power which is principal supply, the ancillary and related supply such as application fee for release of connection, meter testing f

GST law was introduced with the objective of seamless flow of input tax credit but on actual implementation of CGST Act, 2017, admissibility of input tax credit has been restricted subject to provisions contained in section 17(5) of the CGST Act, 2017. The input tax credit on motor vehicles was disp

The applicant is engaged in the business of providing the tour operators with the ‘Ancillary services’ such as Elephant Ride, guide charges, assistance charges, home host dinner, lunch/dinner at local restaurants, boat ride, camel ride, and saree turban tying, etc. Moreover, ancillary services do no

The provision contained in section 136 of the CGST Act, 2017 also states that a statement made and signed by a person on appearance in response to any summons issued under section 70 during the course of any inquiry or proceedings under this Act shall be relevant for the purpose of proving in any pr

We hereby discuss one of the important aspect of any investigation, i.e., issuing summon to persons concerned with the investigation so as to take their statements and produce the documents which would form important evidence for the entire proceedings. Before proceeding further, it is important to

The delay in retrospective amendment regarding computation of interest liability under GST regime has led to flood of writ petitions in High Courts seeking relief from recovery proceedings initiated by the government. The revenue authorities have consistently held that interest liability gets automa

The present update intends to discuss the Advance Ruling given in the case of M/s T & D Electricals. The question placed before the Advance Ruling was the requirement of separate registration for executing works contract in another State and leviability of tax-whether CGST/SGST or IGST if separate r

The present update intends to discuss the recent advance ruling given by AAR Karnataka in the case of M/s T & D Electricals.

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New procedure for registration, approval, etc. of certain entities deferred to 1st October, 2020...

Clarification in respect of residency under section 6 of the Income-tax Act, 1961Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to residency of a person. The status of an individual as to whether he is resident in India ...

Dear All,

I am filing TDS Return from RPU latest Version from NDSL site for the first time.
My topic is U/s 192 TDS Deducted from Salary.

According to my knowledge I have completed all the Setup & filing procedures.
The problem that I am Facing is while going through validation from FVU Version the content required is csi file.

Suppose I am filing tds Returns for Q2 in 24Q I have to select the date between which i have paid the challans, now with-in this period I have also paid challans for Contractor& Subcontractors U/s. 194C & also 194J how will I able to segregate these challan and download it & then upload it for successful validation.

Please suggest.........?

I am paying Telephone / Internet Expenses of Rs 764/- per month (One Landline + One Mobile Postpaid Connection) which is non reimbursable by the employer. I am working as a Salaried Employee. Please let me know under which Income Tax Section can I claim deduction for the same if the same are non reimbursable by the employer. I am getting proper Bills for the same from the Communication Vendor.I need to claim only tax benefit on the same by sending the same to my employer. Please reply urgently as Tax Declarations are on the way.

Sir
Some services were exported to UAE on payment of taxes, whereas some were done under Letter of undertaking. however since not reported in F Y 2018-19, they were reported in June-2019 & shown as export & taxes paid wherever applicable along with tax. Now my query
in Annual Return 9 whether i have to report in Serial no 10, ie. next year reporting of transactions or where?
kindly guide me

Book loss - Rs.100/-
Income tax Loss -Rs.80/- (due to disallowance of expense of Rs.20/-)

Deferred tax liability or asset ?
On what amount ? on 100 or 80 or on 20 ?
Please reply me with reason.
I am waiting for reply.

Dear Sir,
I have raised a Tax Invoice and accordingly I have produced e-waybill of the same tax invoice. When I check afterwards The invoice mentioned in Tax Invoice GST-5/20-21 but in way bill it is printed GST-5/19-20 due to my clerical mistake. What to do pls suggest me?

Hi,

If we paid excess TDS to Income Tax Department under section 194C and 194I in the month of April 2020 and that excess TDS can adjust in next month May 2020.

Thanking You
Kumar

Hi All,

If X is a service vendor Invoice date is 1st January 2020 and due to some issue we have not paid them payment, and paid 5th May 2020 and deducted TDS Rs.5000/- shall we pay interest on TDS, because Invoice date is 1st January 2020.

Thanking you
Kumar

Looking for a Practicing CA to do long term cooperate to sign doc for submit in ROC, such as company spice form, DIR-12 and so on, and able to give share valuation certification( which is for face value only)

it will be better you are in Bangalore.

looking for a practicing CS to do long term cooperation, which are able to give CS certification for issue share and other company affair.

Section 115BBE ONE OF THE MOST DANGEROUS SECTION OF THE IT ACT.

My story belongs to Sec 115BBE one of the most dangerous section of the Income Tax Act 1961, and my story belongs to Appeal to Income Tax Applleate Tribunal against an order of CIT appeals.

Actually one of My case lying with an ITO regarding Cash on Demonitisation.
QUESTION NO 1) Should i proceed to ITAT against an order of CIT APPEALS for vacate of any demand arising under section 115BBE or not for a cash on demonitisation case and why ?
QUESTION NO 2) Should i move to CIT APPEALS AGAINST AN ORDER OF ITO for charging of penalty with tax under sec 115BBE during a Cash on demonitisarion case ? or Should i pay the whole amount of tax with fine which an ITO demands with penalty as tax on regular assessment and Why ?
QUESTION NO 3) What is the latest update of Sec 115BBE ?
QUESTION NO 4) Is there any probability of Special Audit during a cash on demonitisation case lying with CIT APPEALS and why ?
QUESTION NO 5 ) Is there any probability of relief of tax, if i move to CIT APPEALS OR EVEN to ITAT for vacate any demand arising out of Cash on demonitisation case Sec 115BBE ?

Disclaimer :- Only A qualified CA & CMA can answer to this query ( based on his/her practical approach ).

Regards

IN OUR CASE, THE CIT(A) ORDER HAS BEEN PASSED ON 17.12.2019 AND ON THE DAY OF 31.01.2020, THE TIME LIMIT FOR ITAT APPEAL IS STILL PENDING. BUT TILL TODAY THE ASSESSEE HAS NOT FILED ANY APPEAL.
CAN THE ASSESSEE OPT FOR VSV SCHEME ? AND IF YES, THEN GUIDE US THE PROCEDURE FOR THAT.

I have to file GSTR3B FOR MARCH 20 now with some tax liability. What panalty and interest I have to pay for this late filing and payment of tax due