Category: Articles

Secured Creditor will have precedence over Govt Tax dues

September 10, 2021 By Damodhar C Off

In Superintendent Central Excise & Customs v. M/S Kotak Mahindra Bank Ltd. and Anr. [Civil Appeal Nos. 6900-6901/2011 dated August 12, 2021], the current appeal has been filed after a decade since the last order dated January 03, 2011 by the Revenue to recover its…

Taxability of “Appy Fizz” to be decided by Rajasthan HC

September 3, 2021 By Damodhar C Off

Case Law Details Case Name : Epicu Agro Products Pvt. Ltd. Vs Dy. Commissioner (State Tax) (Rajasthan High Court) Appeal Number : S.B. Civil Writ Petition No. 9149/2021 Date of Judgement/Order : 24/08/2021 Related Assessment Year : Epicu Agro Products Pvt. Ltd. Vs Dy. Commissioner…

How do we know that a PAN card is being misused

September 2, 2021 By Damodhar C Off

The PAN card is the most important document for banking and financial transactions. PAN is mandatory even if IT returns are filed or EPF money is deposited. There is currently a situation where no financial activity can be conducted without a PAN. For this reason…

If IT returns are not filed by the deadline

September 2, 2021 By Damodhar C Off

The Central Government has extended the deadline for filing income tax returns. However, if you fail to file your returns even within that time, you will be charged Rs. 5,000 fee is payable. According to information provided by the Ministry of Finance, the deadline for…

5 Best Ideas for Creating a Second Income Source

August 22, 2021 By Damodhar C Off

NewTaxIndia.com Sunday Special Article  Article No 3, 22nd August 2021 Much has been said about creating a steady income along with your salary. There are at least a hundred different ways to diversify your income streams so that when the economy goes down further, you…

Refund of EC, SHEC and KCC balances under GST

August 21, 2021 By Damodhar C Off

 Even 4 years after the enactment of the GST Act, the benefit of Section 140 or the reconsideration amendment or cess refund is always the most sensational issue under discussion. Various judgments / judgments have come recently on the refund issue of EC, SHEC and…