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...
Income Tax
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...
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...
Section 194DA: TDS on Payment in respect of Life Insurance Policy
Extract of Section 194DA TDS on Payment in respect of Life Insurance Policy Section 194DA: Any person responsible for paying...
Buyer to deduct TDS on Purchase of Goods from Resident Seller: CBDT issues Guidelines [Read Circular]
The Central Board of Direct Taxes ( CBDT) issued the guidelines in respect of Section 194Q of the Income Tax...
Section 194Q & Section 206C(1H) of Income Tax Act
Finance Act, 2020 had introduced Section 206C (1H) for levy of Tax collected at source (TCS) on sale of goods...
Income Tax Provisions on ESOP Expenditure
Employee Stock Option Plan (ESOP) is a scheme where a company issues its share to its employees at price lower...