Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The tax authority has relaxed the time limit for processing electronically filed income tax returns that were incorrectly invalidated by the Central Processing Centre due to technical errors. Returns filed up to March 31, 2024, which were erroneously invalidated, shall now be processed, with intimation to taxpayers by March 31, 2026. All related consequences under the law, including refunds with applicable interest, will apply, except where PAN-Aadhaar linkage is missing, in which case refunds will not be issued. This directive is issued under the authority of the Income-tax Act to ensure proper validation and processing of affected returns.
The tax authority has relaxed the time limit for processing electronically filed income tax returns that were incorrectly invalidated by the Central Processing Centre due to technical errors. Returns filed up to March 31, 2024, which were erroneously invalidated, shall now be processed, with intimation to taxpayers by March 31, 2026. All related consequences under the law, including refunds with applicable interest, will apply, except where PAN-Aadhaar linkage is missing, in which case refunds will not be issued. This directive is issued under the authority of the Income-tax Act to ensure proper validation and processing of affected returns.
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