[ad_1] Condonation for delay in filing Form 10-IC for assessment year 2020-21 Concessional rate of tax at 22% Finally, a big relief for domestic companies, who had opted for a concessional rate of tax of 22% for assessment year 2020-21, but did not file Form 10-IC on or before the due date of filing return […]
Filing of ROC Form CSR-2 on Reporting on CSR
[ad_1] MCA Form CSR-2 on Reporting on Corporate Social Responsibility MCA has released a new Form CSR-2 for Reporting on Corporate Social Responsibility to be reported annually along with Form AOC-4 starting from FY 2021 needed. Because the amendment in AOC-4 has not been implemented for FY 20-21, it will be filed separately by 31-03-2022. […]
Merely on Form 26AS Sale Consideration cannot be Determined
[ad_1] Fact and Issue of the case This appeal by the assessee is directed against order of the CIT(A) dated 28.2.2018. The assessee has raised following grounds of appeal: “The impugned Appellate order dated 28-02-2018 passed by the Learned CIT(A), Bangalore, is opposed to law, facts and circumstances of the case in so far as […]
CBDT amends Income Tax Rule 2F and Rule 8B and issues new Form No. 5B and 5BA
[ad_1] GSR 275(E).—In exercise of the powers conferred by clause (48) of section 2 and clause (47) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the Income-tax Rules, 1962 To further amend the following rules, namely:- Short title and commencement. […]
GST: Form 1st April 2022 Issuance of provisional attachment orders and its restoration on BO system.
[ad_1] The provisional attachment action prescribed under section 83 of the GST Act(s) is a safeguard measure to safeguard the revenue during the pendency of the proceedings. It freezes the attached properties thereby preventing the taxpayer from disposing of them and against this background, the act of temporary attachment assumes prime importance in protecting the […]