Income Tax
No Tax to be deducted under Section 194A of Income Tax Act,1961 on Scheduled Tribes: CBDT
According to a recent notification by Central Board Of Direct Taxes (CBDT) vide Notification No. 110/2021/F. No. 275/27/2021-IT(B) dated 17.09.2021, no tax shall...
Finance
All you need to know about the Production Linked Incentive Scheme announced for Textile Sector.
Union Cabinet on 08th,September 2021 has approved the Production Linked Scheme for Textiles for MMF (Manmade Fabric) Apparel, MMF Fabrics and 10 segments/ products...
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GST
Restriction in Availment of Credit in terms of sub rule (4) of rule 36 of CGST Rules,2017
As per CGST Rule 36(4) : Input tax credit to the recipient in respect of invoices or debit notes that are not reflected in...
Top News
Clarifications on provisions of the Direct Tax Vivad se Vishwas Bill, 2020
The Central Board of Direct Taxes ( CBDT ) has issued clarifications on Direct Tax Vivad se Vishwas Scheme, 2020.
During the Union Budget. 2020...
Income Tax
Filling of Declaration Form and Particulars to be furnished for getting benefit of Vivad se Vishwas Scheme, 2020.
On 5th February 2020, the Honourable Finance Minister of India, Mrs. Nirmala Sitharaman introduced The Direct Tax Vivad se Vishwas Bill, 2020 in the...
Income Tax
Eligible Person under Vivad se Vishwas Scheme 2020
Guided by “Sabka Saath, Sabka Vikas, Sabka Vishwas”, the Finance Minister Smt. Nirmala Sitharaman had introduced a new No Dispute but Trust Scheme –...
Income Tax
THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 read with AMENDMENTS
The Direct Tax Vivad se Vishwas Bill, 2020 (the scheme), tabled in Parliament on February 5, 2020, proposes an amnesty scheme for litigations pending...
Top News
Overview Video on “Vivad Se Vishwas” Scheme as announced in Budget 2020
The Direct Tax Vivad se Vishwas Bill, 2020 (the scheme), tabled in Parliament on February 5, 2020, proposes an amnesty scheme for litigation pending...
Income Tax
Can Taxpayer opt for Vivad se Vishwas Scheme in case an enhancement notice is issued by CIT(A)
According to the Finance Minister, at present there are as many as 4,83,000 direct tax cases pending in various appellate forums i.e. Commissioner (Appeals),...
Finance
No Penalty u/s 271(1)(c) can be imposed on estimated additions
At times additions are made by Income Tax Department on estimated basis without having any clear evidence or iota of evidence on record to...
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