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TAX PAYERS ASSOCIATION
Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanationA Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...- Delhi HC revives ₹1,063 crore dues, upholds termination of The LaLit licence in NDMC caseThe Delhi High Court has revived a massive license fee demand of over Rs 1000 crore against Bharat Hotels. The court also upheld the termin...
- Extend GSTR-3B return filing deadline: Demand by advocates and CAs as the portal is not working properlyChartered accountants and tax professionals are demanding an extension for the GSTR-3B filing deadline, citing persistent issues with the G...
- Union Budget 2024: FM Nirmala Sitharaman's 10 key announcements for India IncBudget 2024: India's Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, impacting India Inc. Key points...
- Certain payments to units in IFSC exempted from TDSThe Indian government has exempted specific payments made to units of 14 service sectors in the International Financial Services Centre (IF...
- 5 years of GST: The irritants that we need to iron outGST Authorities can investigate affairs of taxpayers for a long period of 5 years and 9 months. It is common experience that GST Authoritie...
- CAs across India request Modi govt to rein in tax officialsTax officials have been directed to take “all possible actions” to boost collection of direct taxes.
- Anti profiteering in GST– Is litigation an option?The premise of anti-profiteering is that if the government has given up its revenue, this benefit has to be passed on and enjoyed by the co...
- No units or offices in India, yet MNCs slapped I-T noticesMany of these companies are in the services sector such as engineering services, according to people privy to the notices.
- Tax dept's felicitation of highest tax payers makes HNIs nervousWith income-tax offices across India set to invite up to top 100 tax payers in their regions for felicitation, several individuals have red...
- GST: IRS officers body wants Centre's control on service tax assesseesIn a letter to Jaitley, the IRS(Customs and Central Excise) officers' association apprehended rise in black-money and tax evasion if states...
- State-level panels and city forums to realise smart citiesCity level forum, that will include NGOs, Chamber of Commerce, women groups, tax payers association will play important role in development...
- High Court defers plea on tax audit, leaves chartered accountants edgyThey apprehend that the plea will become irrelevant if the court does not give its ruling on Thursday as deadline for filing returns is Sep...
- I-T mulling engaging Dhoni to better tax collectionThe income tax (I-T) department in Jharkhand is working on a plan to appoint Team India skipper Mahendra Singh Dhoni as its brand ambassado...
- Pick up the right form to file your tax returnsOur expert offers tips on various tax-related issues in this weekly column.
- Captive software units likely to get relief in tax demandsCaptive software service providers, clamped with hefty tax demands for violation of transfer pricing norms in transactions with their US pa...
- Time for filing I-T returns extended: SCThe Supreme Court on friday directed tax payers all over the country to file returns under the prescribed new forms for assessment year 200...
- I-T dept to accept attachmentsIn a last-minute respite to business houses, partnership firms and small-time investors filing I-T returns, the Gujarat High Court on Monda...
- Toyota Kirloskar, ABB, HMT on an LTU rollAuto maker Toyota Kirloskar Motors, engineering major ABB India, truck maker Volvo India, Falcon Tyres and HMT will be among the companies ...
- Toyota, ABB, Volvo & HMT to join LTUAuto maker Toyota Kirloskar Motors, engineering major ABB India, truck maker Volvo India, Falcon Tyres, HMT will be among the companies to ...
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