Deduction u/s 43B of IT Act for payments made to MSME
Deduction u/s 43B of IT Act for payments made to MSME: 1. Finance Act 2023 inserted clause (h) in Sec 43B, which says that any amount payable to Micro or … Read More
Author: CA Adityavikram Banka
The author is Founder of A. S. Banka Advisors Private Limited & Partner at Dhiraj & Dheeraj.
You can reach out to the author on : [email protected]
www.asbanka.com
Taxation on income of foreign IPL players
Taxation on income of foreign IPL players: The legal position and the mechanism is explained as below: 1. Section 115BBA of the Income Tax Act provides the answer: This section … Read More
All about Updated Return (ITR-U Form)
All about Updated Return (ITR-U Form): Introduction: 1. Section 139(8A) under the Income Tax Act allows you a chance to update your ITR within two years. 2. Two years will … Read More
AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai
AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai M/s.Sahana Jewellery- Exports Pvt. Ltd. Vs ITO (ITA No.999/Chny/2022) Facts: 1. The … Read More
Women can be Karta of an HUF: Delhi HC
Women can be Karta of an HUF: Delhi HC MANU GUPTA Vs SUJATA SHARMA & ORS (Case No.: RFA(OS) 13/2016 & CM APPL. 6041/2016) Order of the division bench of … Read More
Assessment Orders solely based on AIR information is unsustainable: ITAT Mumbai
Bona Sera Hospitality Pvt. Ltd Vs DCIT (ITAT Mumbai) (ITA No.1750/Mum/2023) Facts: 1. The assessee company is in the business of providing services of developing, installing and maintenance of software … Read More
Remuneration paid to directors to attract GST – AAR
Companies will have to pay GST under RCM on the remuneration they give to directors, the Authority for Advance Ruling (AAR) has said. In an application filed before the Rajasthan … Read More
Income Tax Due Date Extension for AY 2021-22 (FY 2020-21)
CBDT Circular 9 of 2021 dated 20th May 2021, has extended following due dates for Income Tax Compliance for AY 2021-22 (FY 2020-21) : 1. Due date for TDS return … Read More
Presentation on E-Invoice Under GST
Presentation on E-Invoice Under GST Click on Link to Download Presentation Presentation Guide
Extension of Due Date of GST for March & April 2021 Return
Relief Measures announced in GST Compliances In view of recent surge in Coronavirus Cases 1. Reduction in Interest Rate for delayed GST payment for Regular Taxpayer for the month of … Read More