If your TDS is not reflecting in Form 26AS? Should such TDS be considered in ITR? Can you avoid Income Tax Notice in such case ? Should there be last date of revising TDS Return? While filing the Income Tax Return, the amount of TDS which was claimed during the previous year must be matched…
GST cannot be demanded from Buyer where Seller has not paid GST to Government The Hon’ble Madras High Court in the matter titled M/S. D.Y. Bethel Enterprises versus The State Tax Officer (Data Cell), (Investigation wing) Commercial Tax Buildings, Tirunelveli1 quashed the order of the Officer herein GST liability was imposed on the Purchasing Dealer…
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Micro, Small and Medium Enterprises (MSME) MSME Micro, Small and Medium Enterprises (MSME) sector has come out as a highly populated sector of the Indian economy. MSMEs not only play important role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas,…
INCOME TAX SAVING TIPS In this column, we are discussing various investments against which a taxpayer may avail income tax deductions. This is part 1 of this series and we will be coming up with more tax-saving tips in our upcoming editions of this magazine. 1) Investment (Section 80C) The maximum of Rs. 1,50,000 of…
Notification no. 92/2020 dated 22-12-2020 There are few material changes made by Central Government in GST Laws which are applicable from January 01, 2021. To be very specific, provisions of sections 119, 120, 121, 122, 123, 124, 126, 127, and 131 of the Finance Act 2020 shall come into force w.e.f. January 01, 2021. Let’s…
SURGERY DONE BY DOCTOR WITHOUT PRIOR CONSENT OF PATIENT– WILL DOCTOR WILL BE LIABLE ? As a general practice, medical practitioners do surgery on the patients after obtaining consent of the patient or his relatives but sometimes they do additional surgery. Read More CA Renu Singhallawwallet.in
