Author: CA Ritul Patwa
Reserve Bank of India (RBI) – Policy measures to address Financial Stress by Corona Virus : 27-03-2020
Reserve Bank of India (RBI) has proactively announced several policy measures to address the stress in the Financial System as an impact of the Corona Virus (COVID19) including:- (i)...
EQUALISATION LEVY ON E-COMMERCE OPERATORS – FINANCE ACT, 2020
Equalisation Levy was introduced in the Finance Act, 2016, to charge/ levy tax, on consideration received or receivable on certain specified services like online advertising and marketing service, provided...
TAX LIABILITY ON INCOME OF A MINOR CHILD IN INDIA
Income Tax Act, 1961, has separate provisions for taxation of income of a Minor Child in india and clubbing of his income in the income of parents. We are...
NOT FILLING GST RETURNS – WHAT ACTION DEPARTMENT WILL TAKE?
The Central Board of Indirect Taxes and Customs (CBIC) have issued standard guidelines for the field formations of Goods and Services Tax, for dealing with cases where the Dealers or Registered Persons are...
NOT RECEIVED INCOME TAX REFUND : STEP-BY-STEP PROCESS FOR REFUND RE-ISSUE REQUEST
This is a very common problem faced by many taxpayers, that they have not received their Income Tax Refund. There may be number of reasons for refund not issued...
HOW TO DEPOSIT SERVICE TAX CHALLAN IN GST REGIME
An Assessee is required to make payment of Service Tax under the GST Regime for multiple reasons like Pre-Deposit of Duty u/s 35F of CEA for Appeal against the...
TAX INCENTIVES FOR ACCELERATING ECONOMIC GROWTH : 20-09-2019
The Government of India has decided to give a major boost to the Economy and revive the Economy from an impending Slow Down with an emphasis for promoting Make In...
FAQs on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Q 1. Who is eligible to file declaration under the SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019? Ans. Any person falling under the following categories is eligible, subject to...
LAST DATE FOR FILLING INCOME TAX RETURN EXTENDED
The Central Board of Direct Taxes (CBDT) has extended the due date for Filling Income Tax Return for the F.Y. 2018-19 (A.Y. 2019-20) from 31-07-2019 to 31-08-2019 ...
NO GST ON EXPORT OF GOODS FOR EXHIBITIONS & APPROVAL BASED CONSIGNMENT : CLARIFICATION
The Government has issued detailed clarification for streamlining the procedure for taking goods out of india for the purpose of Exports and Consignment on Approval basis for Export Promotion....