Day: March 23, 2023

Roll out of ‘AIS for Taxpayer’ Mobile App by Income Tax Department The Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). ‘AIS for Taxpayer’ …

Addition sustained for claiming accumulated depreciation in Profit and Loss Account instead of current year’s depreciation ABCAUS Neutral Case Law Citation:ABCAUS 3689 (2023) (03) ITAT Important Case Laws relied upon by parties: In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming …

GSTN Advisory on HSN Code Reporting in e-Invoice on IRPs Portal As per the notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies …