https://www.financialexpress.com/money/your-queries-loans-loan-prepayment-does-not-impact-credit-score/3103572/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
Month: May 2023
Read: CBIC issues SoPs for scrutiny of GST returns for FY’20 onwards; DGARM to identify cases
https://www.financialexpress.com/economy/cbic-issues-sops-for-scrutiny-of-gst-returns-for-fy20-onwards-dgarm-to-identify-cases/3104339/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
Read: Economic recession in Germany may impact certain export sectors from India: CII EXIM
https://www.financialexpress.com/economy/economic-recession-in-germany-may-impact-certain-export-sectors-from-india-cii-exim/3104811/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
Read: Tax collection in India one of the highest, reduce direct tax to 25 pc from 40 pc: Surjit Bhalla
https://www.financialexpress.com/money/income-tax/tax-collection-in-india-one-of-the-highest-reduce-direct-tax-to-25-pc-from-40-pc-surjit-bhalla/3104974/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
👍👍👍👍👍Clipped from: https://taxguru.in/income-tax/violation-principles-natural-justice-itat-restores-matter-back-ao.html
Bashir Ahmad Sofi Nowhatta Vs ITO (ITAT Amritsar) Admittedly, the lower authorities have passed orders ex parte qua the assessee in violation of principles of natural justice,
Read: Depression by social media, death by AI
https://www.financialexpress.com/opinion/depression-by-social-media-death-by-ai/3100900/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
Read: Scrap 20% TCS
https://www.financialexpress.com/opinion/scrap-20-tcs/3103646/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days
Read More: https://www.taxscan.in/no-cogent-and-satisfactory-explanation-u-s-5-of-limitation-act-itat-refuses-to-condone-delay-of-781-days/280769/ The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has refused to condone a delay of 781 days holding that cogent and satisfactory explanation were not furnished
Read: What’s Aspire Scheme from MSME ministry, eligibility, benefits, more; check details
https://www.financialexpress.com/industry/sme/msme-eodb-whats-aspire-scheme-from-msme-ministry-eligibility-benefits-more-check-details/3103568/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
First Week of All India GST Drive reveals 10000 Fraud Registrations
Clipped from: https://www.taxscan.in/first-week-of-all-india-gst-drive-reveals-10000-fraud-registrations/281347/ In the first week of the joint drive, tax officials have identified around 10,000 illegitimate GST registrations, according to sources. The verification process
Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act
Clipped from: https://www.taxscan.in/failure-to-file-audit-report-through-a-qualified-ca-itat-upholds-penalty-u-s-271b-of-income-tax-act/281279/ The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has recently upheld a penalty under Section 271B of the Income Tax Act, 1961 as the assessee
👍Power of Reopening Assessment is a Power, which is to be Sparingly used for Adequate Reasons: Calcutta HC quashes Assessment Order on Failure to Comply Natural Justice Principles
Clipped from: https://www.taxscan.in/power-of-reopening-assessment-is-a-power-which-is-to-be-sparingly-used-for-adequate-reasons-calcutta-hc-quashes-assessment-order-on-failure-to-comply-natural-justice-principles/281264/ Quashing the assessment order on failure to comply natural justice principles the Calcutta High Court remarked that the power of reopening assessment is
👍👍👍👍👍👍👍CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24
Read More: https://www.taxscan.in/cbdt-issues-guidelines-and-procedure-for-complete-scrutiny-of-itrs-during-fy-2023-24/281217/ Clipped from: https://www.taxscan.in/cbdt-issues-guidelines-and-procedure-for-complete-scrutiny-of-itrs-during-fy-2023-24/281217/ The Central Board of Direct Taxes (CBDT) has issued guidelines for selection and procedure for the compulsory scrutiny of Income Tax
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