Ever wondered where all the tax information goes from your salary slip? Enter Form 16, your one-stop certificate that bridges the gap between your income and the taxes deducted. What is Form 16? Think of it as a report card for your salary and taxes. It serves as a Proof …
Documents Required for filing the Return : 26AS – Is similar to your bank passbook. It contains all details with respect to the tax you paid. Form 16 – It is a TDS certificate which is issued by your employer. It states that tax has been deducted from the salary …
What is Form 16B? Form 16B is a vital document in the Indian income tax system. It serves as a certificate that a deductor issue to the deductee as proof of tax deducted at source (TDS) on the sale of immovable property, such as land, house, or commercial property. This …
This Article will cover all the important aspects which should be kept in our mind while drafting Reply for any Notice under GST. Coverage of issues: The reply should be prepared by responding to each and every paragraph of show cause notice. The drafting should cover response to all the …
Notwithstanding anything to the contrary contained in any order or direction of any Appellate Authority or Appellate Tribunal or court or in any other provisions of this Act or the rules made thereunder or any other law for the time being in force, every person who has collected from any …
Let’s understand the same through analysis of Landmarking Judgement. LGW INDUSTRIES LTD. vs. UNION OF INDIA (CALCUTTA HIGH COURT) Entitlement of ITC to be considered afresh where ITC was denied on the ground that suppliers were non-existent but the transactions were found to be genuine. Background: Notices were issued to …
(1) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking or by using credit or debit cards or National Electronic Fund Transfer or Real Time Gross Settlement or by such other mode and subject to such conditions and restrictions as may …
A company enters into an agreement for the operation and maintenance of a power plant. The scope of work of such contract provides that the Contractor shall perform all day-to-day operations of the power plant for generation of electricity and undertake any maintenance services and shall also undertake safety and …
Basics : Tax Deduction at Source (“TDS”) generally means a certain registered person making payment or crediting to the supplier’s account for supply of taxable goods or services or both is required to deduct GST at source if the contract value without taxes exceeds the threshold limit. It is a …
Are you also confused about provisions related to tax and interest during the investigation ? Then This Blog is for you, in this blog we will understand the situation through Case Study :- CASE NAME : DEEM DISTRIBUTORS PVT. LTD V. UNION OF INDIA (TELANGANA HIGH COURT) About petitioner : …
