Month: July 2019
No disallowance u/s 40(a)(ia) for short deduction of TDS made at less than prescribed rates. ITAT deleted addition following various judgments of High Courts. ABCAUS Case Law Citation:ABCAUS 3076 (2019) (07) ITAT DCIT vs. Chandabhoy reported in (2012) 17 taxmann. Com 158 (Mum.)CIT-LTU vs. HewlettPackard India Sales (P.) …
CBDT extends due date of 31st July 2019 for filing ITR to 31.08.2019. The due date of 31st July is primarily meant for salaried emplaoyee and non audit cases. CBDT has finally extended the due date of 31.07.2019 for filing the income tax return (ITR) by salaried employees …
Merely making cash payments cannot be a ground for disallowance if section 40A(3) not violated or no defects were found in books of accounts/bills & vouchers ABCAUS Case Law Citation:ABCAUS 3075 (2019) (07) ITAT The assessee had challenged the order of CIT(A) in sustaining the part disallowance out …
Disallowance u/s 40A(3) of payment of partners salary in cash. ITAT remands the case in view of Supreme Court judgment relied upon by the assessee ABCAUS Case Law Citation:ABCAUS 3074 (2019) (07) ITAT The appeal filed by the assessee firm was directed against the exparte order of …
Inter-Ministerial Committee on Virtual Currencies submits its Report along with Draft Bill ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’ The Government had constituted an Inter-Ministerial Committee (IMC) on 2.11.2017 under the Chairmanship of Secy (EA), with Secy (MeiTY), Chairman (SEBI) and Dy. Governor, …
GST on monthly subscription/contribution charged by a Residential Welfare Association from its members – FAQ and Clarification Circular No.109/28/2019- GST F. No. 332/04/2017-TRUGovernment of IndiaMinistry of FinanceDepartment of Revenue(Tax Research Unit)***** New Delhi, the 22nd July, 2019 To,The Principal Chief Commissioner/ Chief Commissioners/ PrincipalCommissioner/ Commissioner of Central Tax …
Is bank guarantee commission liable to TDS u/s 194H-SC dismisses SLP of the Department but keeps the Question of Law open ABCAUS Case Law Citation:ABCAUS 3073 (2019) (07) SC Important Case Laws Cited/relied upon by the parties:Commissioner of Income Tax (TDS)1 Vs. Larsen & Toubro Ltd. (2019)101 taxmann.com 83(Bombay) In the instant case, the Income Tax …
ITD to launch Kardaata e-Sahyog Abhiyaan on Income Tax Day 24th July 2019 Income Tax Department is celebrating Income Tax Day on 24th July 2019. On this occasion, the Income Tax Department shall observe Kardaata e-Sahyog Abhiyaan. In view of the representations received from the taxpayers and stakeholders …
Pradhan Mantri Laghu Vyapari Maan-dhan Yojana 2019. Pension for small businessmen whose annual turnover does not exceed Rs 1.5 crore, eligibility and benefits MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the, 22nd July, 2019 S.O. 2615(E).—In exercise of the powers conferred by clause (c) of sub-section (1) …
Extension of period of relief for filing GST refund application FORM GST RFD-01A on the common portal by by relaxed validation till 30.06.2019 Corrigendum to Circular No. 45/19/2018-GST dated 30th May, 2018 Certain registered persons, while filing the return in FORM GSTR-3B for a given tax period, committed errors …