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Assessee liable to penalty u/s 221(1) for non payment of self assessment tax under section 140A, where return is revised and tax is paid at the time of filing the revised return of income – ITAT Special Bench Penalty for non payment of self assessment tax where return …
Penalty 271(1)(c) for mistakenly interchanged opening wdv of fixed assets with block of assets admissible a higher rate of depreciation ABCAUS Case Law Citation: ABCAUS 2089 (2017) (10) ITAT The Challenge/Grievance: The appellant assesseeschallenged the order passed by the CIT(A) confirming action of Assessing Officer (AO) in …
Misuse of State Emblem by Income Tax Officials. CBDT warns Income Tax official on use of State Emblems on vehicles by officers posted at field units/Zones CBDT warns Income Tax official on use of State Emblems on vehicles. In a recent office memorandum issued by Central Board of Direct Taxes …
Conditions for furnishing Letter of Undertaking in place of Bond by exporter for supply goods or services without payment of integrated tax. Notification on Extension on facility of LUT to all exporters. Government of India Ministry of Finance (Department of Revenue ) Notification No. 37 /2017 – Central …
List of Vendors providing E-seals on export containers under self sealing procedure Details of Vendors providing E-seals as per Circular 36/2017-Customs & 37/2017-Customs In terms of Para 3.1 of Circular 37/2017-Customs, the details of Vendors seeking to provide E- seals to exporters as per requirement of Circulars 26/2017, 36/2017 …
Government reduces Basic Excise Duty rate on Petrol and Diesel by Rs. 2 per litre with effect from 4-10-2017 Press Information Bureau Government of India Ministry of Finance 03-October-2017 19:33 IST The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel by …
Chartered Accountant though not public servant can be prosecuted under Prevention of Corruption Act as it covers persons other than the public servants- High Court ABCAUS Case Law Citation: ABCAUS 2088 (2017) (10) HC The Challenge/Grievance: The Petitioner was a chartered accountant who was aggrieved by the order …
Format of Letter for Consent of taxpayers and Letter for Migration of Email Based E-Assessment in E-Proceeding Annexure-A: Migration of email based E-Assessment to E-Proceedings in ITBA Dear Taxpayer, Subject: Migration of ongoing scrutiny proceedings from ‘e-mail based communication’ to ‘E-Proceeding’ on Income-Tax Business Application (ITBA) platform …
UP GST-Only 11 percent traders have filed GTRB-3B for July. Out of total erstwhile traders registered under Commercial Tax only 86038 traders have filed return for the July A letter written by UP Commercial Tax Commissioner shows a grim picture of GST implementation in the State of U.P. …
GST FAQ- Government Twitter Handle (askGST_GoI) issues 15 new FAQ on issues of RCM credit, Invoice numbering, Registration requirement, ITC reversal, Rental income etc. GST Twitter FAQ 1. Due individual freelancers working for US client require GST Registration? Yes, as it is a interstate supply, registration is compulsory …
