INCOME TAX

Do legal representatives Required to intimate about the death of taxpayer?

RJA 25 May, 2024

Do legal representatives need to intimate about the death of the taxpayer to the IT Department? Legal representatives of a deceased taxpayer are not legally mandated to notify the Income-Tax (IT) Department about the death of the taxpayer. This position was confirmed by the Delhi High Court in the case ...

INCOME TAX

Taxability of Reimbursement of Medical Treatment by the Employer

RJA 24 May, 2024

Taxability of Reimbursement of Medical Treatment by the Employer With Reference to Section 17(2) of the Income-tax Act, 1961, the reimbursement of medical expenses by an employer to an employee can, under certain conditions, be excluded from being considered a taxable perquisite. Here’s a detailed explanation based on the provided ...

TDS

CBDT Circular : TDS/TCS Relief Due to Inoperative PAN

RJA 22 May, 2024

CBDT Circular : TDS/TCS Relief Due to Inoperative PAN The Central Board of Direct Taxes (CBDT) issued a circular providing relief to taxpayers who received tax demand notices due to short deduction of Tax Deducted at Source / Tax Collected at Source. This was in response to numerous grievances from taxpayers ...

Goods and Services Tax

How to Handling negative IGST liability under the GST System in India

RJA 17 May, 2024

How to Handling negative IGST liability under the GST System in India the mechanism for handling negative IGST (Integrated Goods and Services Tax) liability under the GST (Goods and Services Tax) system in India. When the tax amount of credit notes (CGST+SGST/IGST) exceeds the tax amount of outward ...

Goods and Services Tax

More than 8 lakhs ITR (income tax returns) for AY 24–25 have been filed so far.

RJA 14 May, 2024

More than 8 lakhs ITR (income tax returns) for AY 24–25 have been filed so far. The fact that over 829,000 Income Tax Returns (ITRs) have already been filed for Assessment Year 2024-25 indicates a proactive approach among taxpayers to fulfill their obligations in a timely manner. This early filing trend could ...

COMPANY LAW

Complete Guide on ROC Filing of Form MSME- 1

RJA 12 May, 2024

Guide on ROC Form MSME -1 : Filling Objective, Timeline Date & Penalty ROC Filing of Form MSME-1 is a statutory requirement under the Companies Act, 2013, & the Specified Companies (Furnishing of Information about payment to Micro and Small Enterprise Suppliers) Order, 2019. MSME Form 1, as mandated by the Ministry of Corporate ...

COMPANY LAW

MCA : PAS Rules -Pvt Ltd Co. to issue shares etc in Demat form only

RJA 12 May, 2024

MCA has notified amendments to PAS Rules - Pvt Ltd Co. to issue shares etc in Demat form only, MCA bring significant changes to the regulatory framework for private companies in India, especially concerning the issuance and holding of securities in dematerialized form. Private companies, excluding small companies, are now ...

Goods and Services Tax

Goods and Services Tax Collection Hits Record High in April 2024

RJA 10 May, 2024

Goods and Services Tax Collection Hits Record High in April 2024 India's Goods and Services Tax (GST) collection for April 2024 has broken records, which is undoubtedly a positive indicator for the economy. Goods and Services Tax Collection Hits Record High in April 2024 Here's a summary of the key points: ...

INCOME TAX

CBDT Guidelines compulsory selection of ITR for Scrutiny for the FY 2024-25

RJA 07 May, 2024

CBDT Guidelines compulsory selection of ITR for Scrutiny for the FY 2024-25 The Government of India has been given the Guidelines via CBDT for mandatory selection of Income tax returns for complete scrutiny during FY 2024-25. These Guidelines via CBDT guidelines, outlined in a document dated May 3, 2024, are designed to ...

GST Consultancy

For Changing or Amendment in the Goods and Services Tax registration

RJA 15 Apr, 2024

For Changing or Amendment in the Goods and Services Tax registration Nature of your Business -New Partners’ Details - For Changing Nature of Business: You would need to provide a detailed description of the new nature of your business. you'll typically need to provide various documents to ensure ...

INCOME TAX

Ten transactions that may trigger tax authorities' income tax scrutiny

RJA 03 Apr, 2024

Ten transactions that may trigger tax authorities' income tax scrutiny In today’s world, taxpayers should ensure that the money they declare accurately reflects their actual financial activity. Transparency regarding finances is important. The Income Tax Department is employing increasingly sophisticated techniques to investigate potential discrepancies between taxpayers' reported ...

INCOME TAX

All about the Equity Linked Savings Scheme & its Returns

RJA 20 Mar, 2024

5 Golden Tips to Maximise ELSS Fund Returns ELSS or Equity Linked Savings Scheme is a type of diversified equity-oriented scheme which comes with a lock-in period of 3 years. By investing in this type of scheme, one will get tax exemptions u/s 80C of the IT Act 1961. A key interesting ...

GST Filling

New Functionality of the interest calculator in GSTR-3B

RJA 16 Mar, 2024

New Functionality of the interest calculator in GSTR-3B on GST Portal: The New GST functionality of interest calculator in GSTR-3B is now live on the Goods and Services Tax Portal. This Goods and Services Tax functionality will facilitate and assist the taxpayers in doing self-assessment. This GST functionality ...

INCOME TAX

How to respond notices for AIS (Annual Information Statement) mismatch?

RJA 09 Mar, 2024

How to respond notices for AIS (Annual Information Statement) mismatch? AIS (Annual Information Statement) mismatch means there is a discrepancy between the information provided in your tax return and the information reported by third parties, such as banks, financial institutions, or employers, to the tax authorities through the Annual ...

INCOME TAX

Payment of TDS via using Form 26QB on sale of property

RJA 03 Mar, 2024

Payment of TDS via using Form 26QB on sale of property transaction The following are some essential key points about Form 26QB: 1. Objective of Form 26QB : It assures that income tax is withheld at the moment of the property transaction and is specifically designed for Tax Deducted at Source on ...

RBI

RBI intends to tokenisation assets, bonds as part of the wholesale CBDC pilot.

RJA 26 Feb, 2024

RBI intends to tokenisation assets, bonds as part of the wholesale CBDC pilot. T Rabi Sankar, Deputy Governor Reserve Bank of India, said that The Reserve Bank of India (RBI) is planning to introduce tokenisation of assets and government bonds and such under the wholesale CBDC (Central Bank Digital Currency ...

INCOME TAX

NITI Aayog suggest for mandatory savings plans for elderly & tax reforms

RJA 23 Feb, 2024

NITI Aayog recommends for mandatory savings plans for elderly & tax reforms The apex public policy think tank of the Government of India NITI Aayog has pitched for Income tax & GST tax reforms, mandatory saving plan, & housing plan for elderly in India, as the recent data shows that ...

Goods and Services Tax

Changes in ISD Concept & Definition: Union budget 2024

RJA 05 Feb, 2024

Changes in Input Service Distributer (ISD) Concept & Definition: Union budget 2024 Registration as input service distributer (ISD) & Distribution of Input Tax Credit is proposed that to to necessary every person receives GST invoices for or on behalf of other branches having separate Goods and Services Tax Identification Number. It ...

INCOME TAX

Outstanding Small Income Tax Demands Not required pay off: Budget 2024

RJA 05 Feb, 2024

Outstanding Small Income Tax Demands Not required pay off : Budget 2024 The Indian Government has extended an olive branch to Income tax taxpayer those who are still handling with Petty small Income tax Demands related to previous year. Tax Dept to waive off small Income tax demands autonomously clear pending petty ...

Goods and Services Tax

Excess RCM claimed: ITC Claimed Twice against the RCM paid

RJA 18 Jan, 2024

Interest on ITC Credit Claimed Twice against the RCM paid : Excess RCM claimed Relevant provisions under GST Act. : Interest on ITC wrongly availed and utilised. As per substituted subsection 50 (3) of the act, interest is applicable only where ITC is wrongly availed and utilized. In order to attract interest u/...

Goods and Services Tax

Compulsory e-Invoice Details & New HSN Code Requirements

RJA 17 Jan, 2024

Compulsory e-Invoice Details & New Harmonized System of Nomenclature (HSN) Code Requirements: Here are main basic points related to 2 update related to e-Way bills- New requirement of Changes in e-Waybill Generation/ issuing in GST HSN code is Compulsory in GSTR 1 for B2B exempt supply, depending on the AATO of ...

TDS

Payment made for official Sponsor/Promotion objective is not consider royalty

RJA 31 Dec, 2023

Payment made for official sponsor / promotion objective is not consider royalty: ITAT Assessee had been taken an appointed as the official sponsor of ICC Events, after that said assessee submit an application to remit professional sponsorship amounts to Global Cricket Corporation PTE Ltd. – Singapore (GCC) without deduction of TDS ...

Goods and Services Tax

GST Taxpayers will be permitted to submit Revised GST Returns w.e.f April 2025

RJA 30 Dec, 2023

GST Taxpayers May be permitted to submit Revised GST Returns with effect from Apr 2025 At present, there is no provision for filing revised goods and Services Tax Returns under GST, barring minor corrections in GST Invoice details & information uploaded on goods and Services Tax portal. Indian Industry has been ...

IBC

IBC Code Section 29A disqualification applies in the present time.

RJA 24 Dec, 2023

Principles enshrined in relation to IBC Code Section 29A disqualification applies in the present time. National Company Law Appellate Tribunal give the judgments that Non-Executive Director who wasn’t involved in Mgt of company affairs couldn’t be disqualified u/s 29A, Managing Director of a Successful Resolution ...

Money Back Guarantee

Not happy with the service? You can request a refund at anytime within 30 days!

24/7 Support

Get support through phone, email, mobile app or live chat - 24/7, 365 days.

EMI Payment

Easily pay online with EMI payments, credit or debit card, net banking, PayPal and more.

Private Limited Company

Popular Categories

Browse Blogs

Recent Posts

Do legal representatives Required to intimate about the death of taxpayer?

Do legal representatives Required to intimate about the death of taxpayer?

Taxability of Reimbursement of Medical Treatment by the Employer

Taxability of Reimbursement of Medical Treatment by the Employer

CBDT Circular : TDS/TCS Relief Due to Inoperative PAN

CBDT Circular : TDS/TCS Relief Due to Inoperative PAN

How to Handling negative IGST liability under the GST System in India

How to Handling negative IGST liability under the GST System in India

More than 8 lakhs ITR (income tax returns) for AY 24–25 have been filed so far.

More than 8 lakhs ITR (income tax returns) for AY 24–25 have been filed so far.

Connect with a RJA Advisor

Fields marked with an * are required

Enquire Us

Please send us your query and we feel very happy helping you

Testimonials

  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

    A Leading Consultancy Firm in Dubai

Get In Touch--

Rajput Jain & Associates

Add: P-60, Connaught Circus, Connaught Place, New Delhi-110001

Email: singh@carajput.com

Phone: 9555555480

Legal Disclaimer--

The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

© 2016 Rajput Jain & Associates. All Rights Reserved | Sitemap

Call Email