Author: CA Page
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that TDS cannot be deducted on the rent if the accommodation services were taken on a casual basis. Facts of the case: The assessee, Dadiba kali Pundole Esplanade House is engaged in the business of auctioning fine …
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that tax rates specified in the Double Taxation Avoidance Agreement (DTAA) in respect of dividend must prevail over Dividend Distribution Tax (DDT). Facts of the case: The appellant, Giesecke & Devrient (India) Pvt Ltd was incorporated in …
Judgement: The Income Tax Appellate Tribunal (ITAT), New Delhi Bench imposed the penalty for failure to maintain Transfer Pricing Documents under and Section 271AA. Facts of the case: The assessee, Convergys Customer Management Group Inc. is a non-resident company incorporated under laws of the USA. The …
The Central Board of Indirect Taxes and Customs (CBIC) notified the extension of the time limit for Central Excise, Service Tax, and Customs till December 31, 2020. The Board empowered under section 6 of the Taxation and Other Laws (Relaxation and amendment of Certain Provisions) Act, …
1) The Finance Ministry has opened the Special Window to States for meeting the GST Compensation Cess shortfall. Under the Option-I States were to be provided a Special Window of Borrowing of ₹1.1 lakh cr, and over and above that, an authorization for additional Open Market …
Judgement: The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that tax rates specified in the Double Taxation Avoidance Agreement (DTAA) in respect of dividend must prevail over Dividend Distribution Tax (DDT). Facts of the case: The appellant, Giesecke & Devrient (India) Pvt Ltd was incorporated …
a) The Institute of Chartered Accountants of India ( ICAI ) has said that, Mentioning of Names of Clients / Client Logo in Chartered Accountants’ website amount to Professional Misconduct. In an Advisory issued by ICAI said that the members are aware that the Council has …
1) The Central Board of Direct Taxes (CBDT) on September 29 issued a detailed clarification pertaining to the new TDS/TCS provisions set to be applicable from October 1, 2020, onward. 2) The Finance Act, 2020, widens the scope of TCS provisions to cover the sale of …
1. More than 82 per cent of individual taxpayers faced TDS mismatch problems during the last three years resulting in disallowance of refund and the creation of avoidable harassment of taxpayers, the latest CAG report on the Department of Revenue has pointed out. The apex audit …
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