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Finance minister Nirmala Sitharaman is holding a press conference on 24th March 2020 from 2 PM. Income Tax Last date to file ITR for Financial Year 2018-19 extended to 30th June 2020 from 31st March 2020.Aadhar-Pan linking date extended to 30th June …

This is a live article. Refresh page to get the latest updates. Finance minister Nirmala Sitharaman is holding a press conference on 24th March 2020 from 2 PM. INCOME TAX Last date to file ITR for Financial Year 2018-19 extended to 30th …

This appeal by assessee is arising out of order of CIT(A)-22, Kolkata vide Appeal No. 102/CIT(A)-22/Kol/14-15 dated 02.11.2015. Assessment was framed by DDIT- 3(1) (IT), Kolkata u/s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for Assessment Year 2010-11 …

Brief of the case: The ITAT Lucknow in the case of Sharad Mishra vs. ITO held that the arrival of assessee in India at night cannot be treated as his stay for the complete day. Thus, the actual hours of the day …

This appeal by the Assessee is against the orders dt: 18-03-2015 passed by the Commissioner of Income Tax-(Appeals), Kolkata for the assessment year 2009-2010. 2. None appeared on behalf of the Revenue. Therefore, we dispose of the appeal on merit after hearing …

Introduction The GST Act does not define anything like Inverted duty structure. The term ‘Inverted Tax Structure’ refers to a situation where the rate of tax on inputs purchased (i.e. GST Rate paid on inputs received) is more than the rate of tax (i.e. GST …

Income Tax Income tax rates for Individual are reduced to 10% for income between Rs 5 – 7.5 lakhs (down from 20%)15% for income between Rs 7.5 – 10 lakhs (down from 20%)20% for income between Rs 10 – 12.5 lakhs (down …

Introduction As per the GST Act, Cab services are taxable services. When services are provided via cab aggregators like Ola or uber then also GST is chargeable. However, metered taxi and auto rickshaws are exempt from GST including Ola Auto. In this …

38th GST Council meeting is held on 18th December 2019 in New Delhi. Many rumours were in market regarding GST rate increase for some items, GST rate of 5% increase to 6%, merger of 5% and 12% into one slab of 10% …

E-commerce platforms like amazon, filipkart, snapdeal has expanded with a great speed. These platforms allow other traders on sell on these platforms. A trader is required to get registered under GST to be able to sell on these platforms. Here is a …