Daily Archives: November 29, 2017

Form 13 Income Tax : Download : No TDS/TCS or Lower TDS

By | November 29, 2017

Form 13 Application by a person for a certificate under section 197 and/or 206C(9) of the Income-tax Act, 1961, for no deduction/collection of tax or deduction/collection of tax at a lower rate Download Form 13   Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income… Read More »

Exporters advised to file Table 6A and GSTR 3B for IGST Refund : Govt Press release

By | November 29, 2017

Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit;  Errors by exporters while filing their returns are the sole reason for delay in grant of refunds or rejection thereof; The Government of India has taken various measures to alleviate difficulty and… Read More »

Section 154 Income Tax Act 1961 : Rectification of mistake.

By | November 29, 2017

Section 154 Income Tax Act 1961 As Amended by Finance Act 2017 Rectification of mistake. 92 154. 93[(1) With a view to rectifying any mistake apparent from the record an income-tax authority referred to in section 116 may,— (a) amend any order94 passed by it under the provisions of this Act ; 95[(b) amend any intimation or deemed intimation under sub-section… Read More »

Section 44AA of Income Tax Act 1961 : Maintenance of accounts by certain persons carrying on profession or business.

By | November 29, 2017

Section 44AA of Income Tax Act 1961 3[Maintenance of accounts by certain persons carrying on profession or business. 44AA. (1) Every person carrying on legal, medical, engineering or architec- tural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board in the Official Gazette shall keep… Read More »

Section 156 Income Tax Act : Notice of demand

By | November 29, 2017

Section 156 Income Tax Act  ( Section 156 Income Tax Act  explains Notice of demand ) Notice of demand 81. 156. When any tax, interest, penalty, fine or any other sum 83[***] is payable in consequence of any order passed under this Act, the 84[Assessing] Officer shall serve upon the assessee a notice of demand in the prescribed form86 specifying… Read More »

Books of Accounts to be maintained under Income Tax Act

By | November 29, 2017

Books of Accounts to be maintained under Income Tax Act What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income-tax Act? The Income-tax Act does not prescribe any specific books of account for a person engaged in business or in non-specified profession. “books or books of… Read More »

National Anti-profiteering Authority Address and Chairman

By | November 29, 2017

Government appoints Shri B.N. Sharma (IAS:1985) as Chairman of the National Anti-profiteering Authority under GST In an immediate follow up action of last week’s Cabinet approval for creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority under GST, the Government today issued orders appointing senior IAS officer Shri B.N. Sharma,… Read More »