Taxation

Every registered entity is required to file annual return for goods and services tax (GST) by December of the next year. Since the form was not ready in time, the original due date of December 2018 is now extended up to 30 June 2019.   Registered persons, with more than Rs2 crore...
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The Bombay High Court has set aside a key portion of the Central Board of Direct Taxes (CBDT) action plan, where the commissioners of income tax-appeals (CIT-A) who pass ‘quality’ orders, would have received two credit points. The Association of Tax Consultants had filed the writ petition...
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The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of GST reduction to its customers and in turn making undue profits, sources said.   The notice, sources said, was served on the basis of...
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The Income Tax department has notified changes in Form 16 that requires more details about deductions under tax saving schemes, investment in tax saving schemes and income from other sources.   The amended form will come into effect from May 12, 2019.   The move is aimed at...
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A petition was filed in the Delhi High Court on Monday seeking quashing of a provision which mandates deduction of tax on the interest accrued upon the award or compensation granted by Motor Accident Claim Tribunal (MACT) to the accident victims.   The plea was filed by advocate Amit...
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