Guidelines on Issuance of Summons u/s 70 of CGST Act, 2017 dated 17/08/2022
Guidelines on Issuance of Summons u/s 70 of CGST Act, 2017 • Power to issue summons are generally exercised by Superintendents, though higher officers may also issue summons. Summons by Superintendents should be issued after obtaining prior written permission from an officer not below the rank of Deputy/Assistant Commissioner with the reasons for issuance of summons to be recorded in writing....
By: Adv. Saurabh Baghel, Date: 18 Aug, 2022
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CONSEQUENCES IF FIXED ASSET PURCHASE IN CASH AND PAYMENT EXCEEDS Rs. 10000.00 IN A DAY.
Section 43 (1) Actual Cost with proviso...
By: CA B K Tyagi, Date: 27 May, 2022
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INCOME TAX DATE EXTENSION NEWS
Due date for filing of ITR for AY 2021-22 which was originally 31st July extended to 31st Decembe...
By: Admin, Date: 05 Jul, 2022
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SECTION 194Q OF INCOME TAX ACT FOR TDS ON PAYMENT FOR PURCHASE OF GOODS FROM 01.07.2021
BE AWARE OF THE NEW TDS COMPLIANCE WHILE MAKING PAYMENT TO YOUR VENDOR BECAUSE FIRST TIME IN THE HISTORY OF INCOME TAX TO LEVY TDS ON GOODS, TILL NOW WE HAVE TDS ON VARIOUS SERVICES ONLY....
By: Admin, Date: 01 Jul, 2021
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SECTION 194N OF INCOME TAX ACT AN ALERT FOR NON FILLER AND FILLER OF INCOME TAX RETURN FOR CASH WITHDRAWAL TRANSACTION UNDER SECTION 194N.
RECENT AMENDMENT IN SECTION 194N TO TRACK CASH WITHDRAWL TRANSACTIONS...
By: CA B K Tyagi, Date: 01 Apr, 2020
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