Income Tax


Tax Advisor India ( – Professional Tax, Advisory, and Accounting Services Company

About Tax Advisor India ( Tax Advisor India is one of the most preferred, trusted, and the leading destination for


SEBI Registration Process: for SEBI Registered Investment Adviser

According to Investment Advisers Regulation in 2013, registration as an investment adviser with SEBI is mandatory to work as an


Clear Tax India’s Massive Digitization of its Tax Systems.

It is created on the digitalization of the tax system. The office is located in Banglore. It is base on


Get latest updates on the entire spectrum of taxation

Taxguru, as the name suggests, provides tax preparation service. If you want to get online taxation consultancy on direct as


Income Tax Department alerts Taxpayers, be careful from the phishing e-mail!

The income tax department has given an alert to all the active taxpayers in the country. The alert is regarding


Who is required to file a tax return?

A tax return is an important concept which each & every citizen of a given country need to understand. If


Budget 2019: Fintech, startups expect tax sops, funding access, digital push

To make India a cashless society, everyone has to accept the payment, which is other than the cash. In the


10 income tax provisions announced in Budget 2019

The first full Budget provide by the re-elected National Democratic Alliance government. We are discussing 10 income tax provision announced


How to save income tax in India scheme to invest in 2019

There are several provisions in taxation laws in India to allow taxpayers to save on taxes. Here we discuss some


A Complete Guide On How To File Income Tax Returns (ITR) Online

Filing the ITR returns is no longer a task that requires much time and is hectic. The long queues and


When is the last day to file income tax returns?

A country runs on the taxes it has garnered. The changing times need a more strict approach to ensure full


Want to know more about taxes read more on NTS

NTS to reduce probes into companies NTS (National Tax Service) is one of the tax organizations in South Korea which


Income Tax Slab FY 2019-20 changes in Budget 2019: Five key things to know

When it is time for budget presentation, there is always a great eagerness for the tax changes. The full year


How salaried employees can save on income taxes?

Employees have a wide range of legal, legitimate options for saving their income taxes. Some of the options include mutual


Key decisions by Finance Minister in 35th GST Council meeting

The 35th GST council meeting was held which was attended by Union Finance Minister and other Finance Ministers of State/Union


Businesses will file single GST Return from 1st January 2020

GST Council recommended the use of Aadhaar for registering themselves with the GST network. Earlier, there was a requirement to


A new GST System will come- said by GST Council.

A 31st meeting was held where GST Council announced that for taxpayers, there would be a transition plan for GST


Whether show cause notice regarding service tax enquiry can be issued?

Hough service tax has been omitted, the show cause notice issued for service tax inquiry is valid or not? The


Failure on the part of AO to verify accuracy of books

The assessing officer is required to do in-depth scrutiny of books of accounts of assessed before taking any decision related


Sub-Contractors will be liable to pay service tax even if the principal contractor has paid the tax

The sub-contractor need to pay service tax on services provided, and the principal contractor will also pay the fee separately.


No Detention is allowed if there is no specific provision in the law.

F there is no specific provision in the law that allows the competent authority to detain the goods, any such


Advance Ruling was sought for correct classification under GST.

The advance ruling was sought for the classification of Polypropylene mats that includes the use of Polypropylene straw. The issue


Whether Lotteries are treated as goods for GST to be applicable?

A case was presented before the Calcutta high court to decide whether lotteries are liable to GST or not. The


No Tax on Goods Procured From One Country and Directly Supplied To Another

Synthite Industries Ltd had applied to an advance ruling to verify if on the sale of goods which are shipped


Section 148-A potent weapon in the hands of assessing officer

Section 148 is applied when there is any income escaping assessment. The proceedings are carried out by issuing a notice


File TDS and TCS statements electronically-CBDT prescribed procedure.

CBDT gave a procedure for registration in the e-filing portal, and further how to prepare and submit statements of TDS


GST authorities have to inform regarding noting of confiscation proceedings- order by the high court

Confiscation proceedings are carried out under section 130 that includes confiscation of goods or conveyances. It also levies penalty after


Classification of royalty paid for mining lease under heading 997337

It is essential to classify the item under the right head because the GST rate is based on headings. The


TDS not deposited before the due date is a default under section 276B

Section 276B initiate proceedings if TDS is not deposited on time. However, if you are filing the TDS late, you


GST not charged on Hostel accommodation for less than 1000 per day

The accommodation services are charged under the heading 9963 if the hotel provides them, guest house, club or any person


Section 80IA relief allowed by Supreme Court

80IA deduction is allowed to the undertakings carrying infrastructure development and industrial projects. For availing this deduction, the companies are


Queries resolved on filing an annual return.

Form GSTR-9 can be filed before 30th June 2019, which is its last date. There were many queries in the


Contravention to the order of High court is not permissible.

The High Court is the highest authority, and its order and directions need to be followed strictly. However, an appeal


Whether transfer as a going concern will be the supply of goods under GST?

AAR has given an advance ruling in this regard which says that, if the business is transferred as a going


Can Section 115JB and Section 80IC be applicable together?

Section 115JB includes calculation of Alternate Minimum Tax and applicable only to the companies. There is a specific rate given


Manual filing of GSTR-3B allowed by the High Court

The 20th of the month files GSTR 3B return. It includes details of inward and outward supplies. The issue here


Exemption under section 54F is available on capital gain provided conditions have complied

The exemption under section 54F is available only to Individual and HUF on sale of long term asset. Further, the


The property included under the head house property income will not come under the block of assets.

A house property income cannot be included in the block of assets and charged depreciation. When a block of an


Service tax does not arise if there is no transfer of development rights.

For service tax to be attracted, there must be some activity that amounts to service. If an assessee is acting


Section 12AA applicability will attract section 80G (5) for trust and charitable institutions.

Section 12AA deals with the registration procedure of charitable institutions and trust authorities. If a charitable trust is registered under


The government of Kerala gives Kerala Flood cess rules.

Kerala government has given specific rules named as Kerala Flood Cess rules 2019 that will be applicable from 1st June


Standard Deduction, u/s 24 under House Property head, will not be allowed to a charitable or religious trust

Standard Deduction under section 24 provides relief to those who are earning rental income from properties. Your rental income from


Functional Characteristics matters to apply GST on books

You cannot judge a book by its cover rather check its functional characteristics.  This fact was clarified by Delhi High


Section 68 applies if there is any unexplained transaction.

The transactions recorded in the books of the assessee must have substantial evidence and explanations. Section 68 demands specific deals


Notice is valid whether served at the registered or corporate office.

Section 8 says that demand notice is valid whether served at the registered or corporate office. The demand notice is


ITAT decision considering an amendment in section 32 of Income Tax Act

Section 32 relates to depreciation on the block of assets. The amendment says that the written down value of all


Whether the combination of services is treated as composite supplies in all cases?

The combination of goods and services supplied together in a business is called a composite supply. In the preferred case,


Penalty orders challenged through an everyday appeal

The case discussed here is between Vijay Kumar Sood vs. Deputy Commissioner of Income-tax in which penalties were imposed on


Orientation courses for reducing the same type of errors by assessing officer

Induction courses can make improvements in decisions and it will be taken on facts and grounds as believed by the


Advertisement and positive print expenses not allowed under income tax provisions if the film is approved by the censor board

Income tax provisions are strange in some cases, especially in film production. It disallows the expenditure related to advertisement and