-
Posted Date : 07-Mar-2020 , 08:22:00 am | Posted By CASANSAAR
Comparison between Old & New Income Tax Regime | New Income Tax Rates explained by CA. Bhanu Priya. Watchi this Video,,, https://youtu.be/vonnPTdtD74...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 459
-
Posted Date : 05-Mar-2020 , 09:01:01 am | Posted By CASANSAAR
A TDS survey by the income tax department has found many big corporates defaulting on payment of tax deducted at source (TDS). In one case, the tax department found that a major oil company defaulted on TDS payment of Rs 3,200 crores. The defaults were due to lower or non-deduction of taxes at sourc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 505
-
Posted Date : 04-Mar-2020 , 08:38:36 pm | Posted By CASANSAAR
In a move that will help the government mop up revenue before the financial year 2019-20 closes, Lok Sabha on Wednesday passed direct tax amnesty scheme Vivad se Vishwas bill. With mounting tax disputes, the government has had in Union budget come up with No Dispute but Trust Scheme (Vivad Se Vishwa...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 562
-
Posted Date : 04-Mar-2020 , 08:17:45 am | Posted By CASANSAAR
The government has collected over Rs 7.52 lakh crore as direct taxes till January 31 of the current fiscal, Parliament was informed on Tuesday. The Revised Estimate (RE) has pegged the target for collection of direct taxes for the current fiscal, which ends on March 31, at Rs 11.70 lakh crore. &q...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 451
-
Posted Date : 03-Mar-2020 , 10:29:29 am | Posted By CASANSAAR
The number of income tax appeals pending at various judicial fora stood at 4,78,801 at the end of the financial year 2018-19, the Lok Sabha was informed on Monday. During the Union Budget 2020 presentation, the ‘Vivad se Vishwas’ scheme was announced to provide for dispute resolution ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 271
-
Posted Date : 02-Mar-2020 , 04:42:54 pm | Posted By CASANSAAR
Officers of Anti-Evasion, Central GST Delhi East Commissionerate have unravelled a major operation of Circular Trading, involving use of fake invoices to claim fraudulent refunds of Input Tax Credit. Shri Asif Khan, Shri Rajeev Chhatwal and Shri Arjun Sharma, operating a total of 17 fake firms, proc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 282
-
Posted Date : 29-Feb-2020 , 08:55:40 am | Posted By CASANSAAR
Marco Mendicino laid out his vision for Canada’s immigration system in Toronto. It was his first major policy speech since his November 2019 appointment as Minister of Immigration, Refugees and Citizenship. Mendicino was appointed after the Liberal Party of Canada was re-elected to a second...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1448
-
Posted Date : 21-Feb-2020 , 10:35:14 am | Posted By CASANSAAR
Procedure of Prosecution under Various Laws such as PMLA, PBPT, Black Money Act, Income Tax Act etc explained by Advocate Amit Khemka. Watch this Video,,,, https://youtu.be/O8ZuUfWgLMk...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 397
-
Posted Date : 19-Feb-2020 , 03:56:11 pm | Posted By CASANSAAR
The Madras High Court in a recent order has opined that the faceless tax-assessment system “can lead to erroneous assessment, if officers are not able to understand the transactions and statement of accounts of an assessee without a personal hearing”.The court, however, said electronic-a...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 823
-
Posted Date : 19-Feb-2020 , 09:12:25 am | Posted By CASANSAAR
Income Tax officials are increasingly issuing notices to directors of private limited companies which default on their tax dues, experts said. Directors are being held accountable for the tax compliance of the companies they work for under section 179 of the Income Tax Act dealing with recovery o...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1356
-
Posted Date : 14-Feb-2020 , 10:48:07 am | Posted By CASANSAAR
Income Tax Department carried out Search and Seizure action on 6th February 2020 at Hyderabad, Vijaywada, Cuddapah, Vishakhapatnam, Delhi and Pune. More than 40 premises were covered. The search action included three prominent infrastructure groups based in Andhra Pradesh and Telangana. Investiga...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 342
-
Posted Date : 14-Feb-2020 , 10:26:59 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) on February 13 reiterated that only 2,200 professionals had indeed declared annual income above Rs 1 crore in FY19, as had been stated by Prime Minister Narendra Modi in his February 12 address at an event. PM Modi's statement that it is was unbelievab...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 445
-
Posted Date : 13-Feb-2020 , 05:43:24 pm | Posted By CASANSAAR
The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Nitin Jain, resident of Sonepat, Haryana, proprietor of M/s Shiv Trade Incorporation, Delhi, for issuing bogus invoices. During investigation it was revealed that Shri Nitin Jain has issued b...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 295
-
Posted Date : 13-Feb-2020 , 08:45:11 am | Posted By CASANSAAR
The Income-Tax Department will share all taxpayers’ data, such as PAN information, with the Securities and Exchange Board of India (SEBI) in order to help the capital market regulator in its probe against various entities, including those involved in ‘stock market manipulation’, an...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 292
-
Posted Date : 12-Feb-2020 , 07:19:23 am | Posted By CASANSAAR
Income Tax department has issued notices in 422 cases involving undisclosed foreign assets and income of over Rs 12,600 crore till December 31, 2019, minister of state for finance Anurag Thakur said in a written reply in Rajya Sabha, Tuesday, on the concerted efforts taken by the government to recov...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 557
-
Posted Date : 11-Feb-2020 , 09:46:22 am | Posted By CASANSAAR
Benami Transaction - What are Benami Transaction and its exceptions / exclusions under The Prohibition of Benami Property Transactions Act, explained by Adv.(CA) Ashwani Taneja, EX Member - ITAT. Watch this Video. https://youtu.be/bnBfBUieZBc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 445
-
Posted Date : 06-Feb-2020 , 08:57:16 pm | Posted By CASANSAAR
The Income-Tax Department has launched an e-calculator for individuals to estimate their tax liability if they opt for the new tax slabs, without claiming deductions and exemptions, for ITR filing as announced in the recent Budget, officials said on Thursday. The calculator, with a comparative ta...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 884
-
Posted Date : 05-Feb-2020 , 09:19:27 am | Posted By CASANSAAR
The Direct Tax Vivad Se Vishwas Bill, 2020 is expected to be tabled in Lok Sabha today. The bill aims at reducing litigations in the direct taxes payments. Under the 'Vivad se Vishwas' scheme announced in the Union Budget, taxpayers whose tax demands are locked in dispute in multipl...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 614
-
Posted Date : 01-Feb-2020 , 02:54:26 pm | Posted By CASANSAAR
In order to provide significant relief to the individual taxpayers and to simplify the Income-Tax law, the Union Budget proposes to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions a...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 358
-
Posted Date : 31-Jan-2020 , 03:38:27 pm | Posted By CASANSAAR
Thank you very much for an overwhelming response. We have decided to also Live the Two Days Webinar on YouTube so that Maximum members can watch it live. So please find below the link for the same for both the days. On Direct Tax Amendments - 1st Feb.2020 from 06:30 PM onw...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 485
-
Posted Date : 31-Jan-2020 , 08:47:05 am | Posted By CASANSAAR
To help those taxpayers who have queries regarding the faceless e-assessment scheme, the income tax department has launched a helpline facility. There is now an email address and telephone number exclusively dedicated to resolve the queries of taxpayers who have received notices from the National e-...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 467
-
Posted Date : 28-Jan-2020 , 09:48:13 am | Posted By CASANSAAR
Around 5,000 companies have come under the scanner of tax authorities due to alleged discrepancies between their Goods and Services Tax (GST) filings and Income Tax (I-T) returns, Business Standard reported. The Central Board of Direct Taxes (CBDT) has ordered search-and-survey operations against...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 3671
-
Posted Date : 25-Jan-2020 , 10:07:37 am | Posted By CASANSAAR
State-run transmission utility Power Grid Corporation on January 24 said it has filed an application before Supreme Court against Department of Telecom's demand of around Rs 22,000 crore in past dues, saying its revenue from telecom business was only 2 per cent of its turnover. Followin...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 241
-
Posted Date : 25-Jan-2020 , 10:00:09 am | Posted By CASANSAAR
The Income Tax department's raids on the properties of a prominent chain of luxury hotels have revealed undisclosed foreign assets worth more than Rs 1,000 crore, the Central Board of Direct Taxes (CBDT) said in a statement on Friday. The group- Bharat Hotels- runs The Lalit hotel in central Del...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 402
-
Posted Date : 25-Jan-2020 , 09:55:36 am | Posted By CASANSAAR
The Chief Justice of India, Mr. Justice S.A. Bobde has said that the Tax Invasion is a Social Injustice to follow citizens and arbitrary or excessive tax is also results in injustice to tax payers. He was addressing the gathering after inaugurating the 79th Foundation Day Celebrations and All India ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 534
-
Posted Date : 23-Jan-2020 , 10:10:53 am | Posted By CASANSAAR
The government may adopt a mediation mechanism that will help companies determine their future tax liabilities and even settle disputes, said a person familiar with the development. The concept, which is widely prevalent overseas, is being discussed amid preparations for the February 1 budget, the p...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 256
-
Posted Date : 22-Jan-2020 , 10:39:10 am | Posted By CASANSAAR
Capital Gain on sales of Immovable Property and Judicial Pronouncements explained by CA.Rajat Bajoria. https://youtu.be/vgW3X9eK1_U...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 580
-
Posted Date : 22-Jan-2020 , 09:53:51 am | Posted By CASANSAAR
After the launch of e-assessment facility in October last year, out of 58,322 cases selected for faceless assessment, digitally signed notices were served in 44,285 cases (as on date), as announced by ministry of finance. The e-assessment scheme will usher a paradigm shift in a way tax proc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1460
-
Posted Date : 22-Jan-2020 , 09:48:32 am | Posted By CASANSAAR
Several jewellers have been put under scrutiny by the income tax department in cases of alleged large and disproportionate cash deposits during the demonetisation period (November 9-December 30, 2016). In some cases, some of these jewellers have been found to have deposited nearly 1,000 times as muc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 685
-
Posted Date : 18-Jan-2020 , 09:56:57 am | Posted By CASANSAAR
Online payment facility न देने पर Income Tax Dept. लगाà¤à¤—ा à¤à¤¾à¤°à¥€ जà¥à¤°à¥à¤®à¤¾à¤¨à¤¾!!! Prescribed Payment mode under Section 269SU of Income Tax Act, 1961 explained by CA.Pooja G...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 621
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Fresh Income tax news only on casansaar covering details for Income tax return,efiling, calculator,refund, income tax slab,forms,rates etc in india
