Draft format for reply of notice U/s 142 (1) The ASSESSMENT UNIT, INCOME TAX DEPARTMENT Sir, Subject: PAN XXXXX Assessment Year 2022-23 For the ITR-2 filed (Ack XXXXXXX) by me (NAME & PAN) on 21 Jul 22 for Assessment Year 2022-23 for which I have received notice u/s 142 (1) (ID XXXXXXX DIN: XXXXXXXX )

Applicability of GST under RCM for Hotel / Tour booked abroad Whether the same will be covered under Import of Services.   The term ‘reverse charge’ as defined in the Act is reproduced below: ‘’reverse charge’’ means the liability to pay tax by the recipient of goods or services or both instead of the supplier

Yes. There are a lot of restrictions on receipts of unsecured loans in foreign currency from foreign parent company by its subsidiary company in India. DISCLAIMER This article represents laws related only with entities falling under ‘Track 1’ category under ‘Automatic Route’. Kindly check the categorisation of your respective entity. These borrowings are called External

HOW TO CLAIM REFUND OF LATE FEES ERRONEOUSLY DEPOSITED UNDER IGST HEAD As per section 47 of the CGST Act, 2017, any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or section 45 by the due date