Complete guide for E-Commerce companies on applicability of Equalisation Levy post Finance Act, 2021
Applicability In order to analyse the applicability of the Equalisation Levy, it is first necessary to understand the scope of the levy on ecommerce. As per Section 163(3), the levy shall apply to consideration received or receivable for e-commerce supply or services made or provided or facilitated on or after the 1st day of April, […]
Budget 2021 – A Gamechanger for The Post Pandemic India
[2021] 123 taxmann.com 459 (Article) Date of Publishing: January 29, 2021 India is currently witnessing one of the strongest support from the complete globe which is evident from the fact that the SENSEX reaching mount 50K representing strong investors confidence in Indian economy. India is a global hub for medicine manufacturer and is right now feeding the global demand […]
Faceless Assessment – A gamechanger in Income tax litigation!
Challenges faced by taxpayer Bulky submission and documentation to be prepared and submitted to tax authorities Liaising with the jurisdictional assessing officer Differences of opinions with the tax authorities while making representations Presenting skilled arguments to resolve the tax matters or issues Our Offerings Assistance in communicating with National eAssessment Centre ( NeAC) Reviewing the past year returns for assessing and preparing the representation to be […]
Gujarat High Court orders government to consider extension of ITR due date till 31.03.2021
The Gujarat HC has instructed the Indian Government to consider and take appropriate steps for extending the due date for filing Tax Return to 31 March 2021 relying upon the important observation that the due date extension for Income tax department for all proceedings was already extended till 31 March 2021.