The Central Board of Direct Taxes (CBDT) vide its Notification No 101/2021 dated 6th September 2021 inserted the new rule 14C under Income Tax Act 2021 regarding authentication of an electronic record under electronic verification code under sub-clause (b) of clause (i) of sub-section (7) of section 144B. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL
The Central Board of Direct Taxes (CBDT) vide its Notification No 96/2021 dated 01st September 2021 constitutes the Boards for Advance Rulings for the purposes of giving advance rulings under Chapter XIX-B of the Income Tax Act 1961 on or after the 1st day of September, 2021. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT
S. No. Statue Purpose Compliance Month/Period Due Date Extended Due Date (If any) Event Details 1 Income tax TDS/TCS Payment Aug-21 07-Sep-21 7-Sep-21 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. 2 GST GSTR-7 – TDS Return Aug-21 10-Sep-21 10-Sep-21 GSTR-7 is a return to be filed by
The Central Board of Direct Taxes (CBDT) vide its Notification No 95/2021 dated 31st August 2021 notify the Rule 9D under Income Tax Rules, 1962 for calculation of taxable interest relating to contribution in a provident fund or recognized provident fund exceeding the specified limit. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 34/2021 – Central Tax dated 29th August 2021 extends the due date for filing of application for revocation of cancellation of GST registration from 31st August 2021 to 30th September 2021. Government of India Ministry of Finance (Department of Revenue) Central Board
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 32/2021 – Central Tax dated 29th August 2021 allows filing of GSTR-3B and GSTR-1/IFF using EVC till 31st October 2021. Earlier it was allowed upto 31st August 2021 only. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect
The Central Board of Direct Taxes (CBDT) vide its Notification No 92/2021 dated 10th August 2021 notifies the Rule 10RB for allowing relief in tax payable under sub-section (1) of section 115JB due to operation of subsection (2D) of section 115JB. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the
The Central Board of Direct Taxes (CBDT) vide its Notification No 87/2021 dated 4th August 2021 designates the Special Courts for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V)NOTIFICATIONNew Delhi, the 4th August
Interest Liability under GST… 18% or 24%? It has been observed that The Goods and Services Tax (‘GST’) Authorities are demanding interest at 24 percent for Input Tax Credit (‘ITC’) claimed wrongfully or in excess or for any other matter and many taxpayers are made to pay 24 percent without protesting the same. The demand
Hon’ble Supreme Court in the case of CIT (Exemption) V/s Batanagar Education and Research Trust orders that cancellation of registration of trust is justified if trust misuses the certificate by receiving bogus donations. Full text of the SC Order:- 1. This appeal challenges the judgment and order dated 09-10-2018 passed by the High Court at
