- Year of Publication: 2020
- ISBN: 0
Episode Duration:
90 minutes
Episode Background:
Today, many individual income tax return filers are getting notices from the Service Tax Department for the periods 2014-2015 & 2015-2016, stating that there are differences between the income disclosed as per the income tax returns and service tax returns, resulting in frivolous notices being sent to many genuine taxpayers.
What shall the episode cover?
Against this backdrop, Taxsutra in association with Hiregange Academy is delighted to present to you a webinar on “How to Reply to A SCN Regarding Differences between Income Disclosed as per IT & ST Returns – Legal Grounds, Supporting Documentation & Filing Procedure”. The discussion is led by Hiregange & Associates' Founding Partner Mr. Madhukar N Hiregange along with Partner Mr. Akbar Basha [Chartered Accountants].
In this episode, the speakers have thrown light on the following aspects:
1. Reasons for Differences arising between the two said returns
2. Stages of Revenue Action
3. Possible Grounds of Defense
4. Nuances w.r.t how a reply to a Show Cause Notice [SCN] Should Be Filed
5. Supporting Documentation To Be Enclosed along with the reply
6. Legal Course Of Action In Case Of Genuine Tax Demand
7. Filing Procedure
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2020
- ISBN: 0
Episode Duration:
90 minutes
Episode Background:
Today, many individual income tax return filers are getting notices from the Service Tax Department for the periods 2014-2015 & 2015-2016, stating that there are differences between the income disclosed as per the income tax returns and service tax returns, resulting in frivolous notices being sent to many genuine taxpayers.
What shall the episode cover?
Against this backdrop, Taxsutra in association with Hiregange Academy is delighted to present to you a webinar on “How to Reply to A SCN Regarding Differences between Income Disclosed as per IT & ST Returns – Legal Grounds, Supporting Documentation & Filing Procedure”. The discussion is led by Hiregange & Associates' Founding Partner Mr. Madhukar N Hiregange along with Partner Mr. Akbar Basha [Chartered Accountants].
In this episode, the speakers have thrown light on the following aspects:
1. Reasons for Differences arising between the two said returns
2. Stages of Revenue Action
3. Possible Grounds of Defense
4. Nuances w.r.t how a reply to a Show Cause Notice [SCN] Should Be Filed
5. Supporting Documentation To Be Enclosed along with the reply
6. Legal Course Of Action In Case Of Genuine Tax Demand
7. Filing Procedure
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
