CA Devesh Thakur

Due date for filing GSTR-1 in case of person other than person opting for QRMP scheme? ____ of the month following such month.

1 week ago | [YT] | 3

CA Devesh Thakur

Due date for filing GSTR-1 in case of person opting for QRMP scheme? ____ of the month following such quarter.

1 week ago | [YT] | 0

CA Devesh Thakur

What is the form for submission of details of outward supplies?

1 week ago | [YT] | 0

CA Devesh Thakur

Happy Ganesh Chaturthi

#cadeveshthakur ‪@cadeveshthakur‬ #happyganeshchaturthi #ganeshji #ganpatibappa #ganpatibappamorya

1 week ago | [YT] | 0

CA Devesh Thakur

More salary in hand from 01.10.2024. Know the facts
#cadeveshthakur #salary #tdsonsalary #tcscredit ‪@cadeveshthakur‬

2 weeks ago | [YT] | 3

CA Devesh Thakur

‪@cadeveshthakur‬ #LIKE #share #subscribe
Income Tax Section 148 to notice NRI without Mandatory Faceless Procedure Unsustainable: Case Name: Venkataramana Reddy Patlolla Vs DCIT (Telangana High Court)

2 weeks ago | [YT] | 2

CA Devesh Thakur

‪@cadeveshthakur‬ #like #share #subscribe
Onus is on Income Tax Dept to bring Corroborative Material to Tax Amount credited in Foreign Bank Account of NRI: ITAT DCIT vs Shri Vimal Kanubhai Patel CITATION: 2024 TAXSCAN (ITAT) 129

2 weeks ago | [YT] | 4

CA Devesh Thakur

‪@cadeveshthakur‬ #like #share #subscribe
Reassessment action u/s. 148 post approval of resolution plan unsustainable: Case Name: Asian Colour Coated Ispat Limited Vs ACIT (Delhi High Court)

2 weeks ago | [YT] | 1

CA Devesh Thakur

‪@cadeveshthakur‬ #like #share #subscribe
New Tax Clearance Certificate Requirement for Indians Travelling abroad.

Key Points of the New Rules

a) Who Needs the Tax Clearance Certificate: All Indian citizens, regardless of the purpose of travel (business, tourism, education, etc.), must obtain a TCC before departure.

The requirement applies to both first-time travelers and frequent flyers.



b) Purpose of the Tax Clearance Certificate: The TCC serves as proof that the traveler has no outstanding tax liabilities.

It ensures that all dues and returns have been filed and cleared with the Income Tax Department.



c) How to Obtain the Tax Clearance Certificate: Application Process: Travellers must apply for the TCC through the Income Tax Department’s online portal or at designated tax offices.

Documents Required: Applicants need to submit identification proof (e.g., PAN card, passport), recent tax returns, and any additional documents as specified by the tax authorities.

Processing Time: The certificate is typically processed within a few weeks, but travellers are advised to apply well in advance of their departure date to avoid delays.



d) Cost and Validity: There may be a nominal fee for processing the TCC application.

The certificate is valid for a specified period, usually aligning with the duration of the trip mentioned in the application.



e) Penalties for Non-Compliance: Travellers who fail to obtain a TCC before leaving the country may face penalties, including fines and potential restrictions on future travel.

Airlines and immigration authorities will enforce the requirement, and non-compliant travellers may be barred from boarding their flights.

3 weeks ago | [YT] | 3

CA Devesh Thakur

‪@cadeveshthakur‬
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28.

Accordingly, grants/subsidies received from the central government; fees/ subscriptions, including RTI fee, tender fee, sale of scrap, PVC card; authentication, enrolment and updation service charges received; term/fixed deposits; and interest on bank deposits earned by UIDAI would be exempt from income tax.

3 weeks ago | [YT] | 1