Section 17(5) of CGST ACT, 2017
Input Tax Credit: Input Tax Credit means the tax paid by the Registered Recipient of goods or services in the form...
Month: July 2021
ICAI notifies Revised FORM 18 wef 8th July 2021
ICAI vide Notification No. 1-CA(7)/197/2021 dated 8th July, 2021 notifies revised format of FORM 18 which is a form to Intimate PARTICULARS OF...
Foreign Liabilities and Assets Annual Return (FLA Return) – FLAIR System, Key Points & FAQ’s
FLA Full Form:- FLA stands for Foreign Liabilities and Assets. Meaning of FLA Return:- It’s an Annual Return on Foreign...
Whether to file form ADT-1 for the appointment of first auditor or not
Whether to file form ADT-1 for the appointment of first auditor or not? The requirement of filing form ADT-1 for...
CBDT instruction on Processing of returns with refund claims:05-07-2021
F. No. 225/98/2020/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block Dated: ...
Section 194IB TDS on Rent of Property
Extract of Section 194IB TDS on Rent of Property (1) Any person, being an individual or a Hindu undivided family (other...
Section 194J TDS on Professional or Technical Fees
1) Analysis of Section 194J of Income Tax Act, 1961 Every person other than an individual or a HUF, who is...
Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers
Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers 06/07/2021 Few important changes related to...
CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
Ministry of Finance CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB Posted On: 05 JUL 2021...
New section 147 Reassessment procedure | Reason to believe Vs. Information
New Reassessment procedure under section 147 – “Reason to believe” Vs. “Information” Finance Act, 2021 made the existing procedure of...