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Article - CORPORATE COMPLIANCE CALENDAR For the month of January, 2020

CORPORATE COMPLIANCE CALENDAR For the month of January, 2020 About Article: This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance Requirement Under Income Tax Act, 1961 Goods & Services Tax Act, 2017 (GST)

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Article - Section 36(1)(iv) does not mandates recognition of pension fund by jurisdictional CIT

Section 36(1)(iv) does not mandates recognition of pension fund by jurisdictional CIT IN THE HIGH COURT OF JUDICATURE AT MADRAS JUDGEMENT (DELIVERED BY R.SUDHAKAR, J.) Aggrieved by the order of the Tribunal in allowing the appeal filed by the assessee, the appellant/Revenue is before this Court by f

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Article - Order u/s 263 held bad in law in case of lack of opportunity of getting heard

Order u/s 263 held bad in law in case of lack of opportunity of getting heard IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, AHMEDABAD O R D E R PER   PRADIP KUMAR KEDIA – AM: The captioned appeal has been filed at the instance of the assessee impugning the revisional order dated 21.03

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Article - India At Last Finding Some Ways to Regulate Imports | Curbs on Non-Essential Goods

India At Last Finding Some Ways to Regulate Imports | Curbs on Non-Essential Goods Imports are foreign goods and services that are produced in a foreign country and sold to domestic residents of a country. If a country Imports more than it Exports it runs a Trade Deficit.When a country has a trade d

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Article - Anti-Evasion wing of CGST Delhi detects GST fraud of Rs 241 crores

Anti-Evasion wing of CGST Delhi detects GST fraud of Rs 241 crores, one held The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered here today yet another case of fake invoicing and GST fraud alongside a new modus operandi of defrauding the exchequer by exploiting the facility of r

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Article - No Additions can be made when AO has not made proper enquiry

No Additions can be made when AO has not made proper enquiry IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C”, NEW DELHI ORDER PER H.S. SIDHU : JM The Revenue has filed this Appeal against the impugned Order dated 10.6.2015 of the Ld. CIT(A)-8, New Delhi relevant to assessment year 2007-08.

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Article - Understanding Sabka Vishwas LDRS Scheme

Understanding Sabka Vishwas LDRS Scheme • Circular No. 1074-2019 CX dated 12th December, 2019 • Cess imposed under Seven more legislations have been added apart from existing 26 legislations to be covered under the scheme • An amount paid after issuance of show cause notice but before adjudica

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Article - CBIC issues clarification on Sabka Vishwas Legacy Dispute Resolution Scheme 2019

CBIC issues clarification on Sabka Vishwas Legacy Dispute Resolution Scheme 2019 Circular No.1074/07/2019-CX F. No. 267/78/2019/CX-8-Pt.lll Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Dated, the 12th December, 2019 To The Principal Chief

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Article - FAQs on Capital Gains

FAQs on Capital Gains 1. What incomes are charged to tax under the head “Capital Gains” Any profit or gain arising from transfer of a capital asset during the year is charged to tax under the head “Capital Gains”.​ 2. What is the meaning of capital asset ​Capital asset is defined to incl

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Article - Know Your Ethics : 8 FAQ’s

Know Your Ethics : 8 FAQ’s Q. Whether a member not in practice can use any other description Ans. A member not in practice may use, as per the provisions of Section 7 of the Chartered Accountants Act,1949 the designation of “chartered accountant”. However, if he chooses to use the designat

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Article - Government amended IEPFA Rules, 2016, to simplify refund of claims

Government amended IEPFA Rules, 2016, to simplify refund of claims The Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E) dated 14.8.2019 to simplify the process of refund of claims filed with The Investor Education &

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Article - Corporate Compliance Calendar For the Month of December, 2019

Corporate Compliance Calendar For the Month of December, 2019 About Article : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance Requirement Under 1. Income Tax Act, 1961 2. Goods & Services Tax Act, 20

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Article - What Is The Best Option After 12th In Commerce BBA or B.com

What Is The Best Option After 12th In Commerce BBA or B.com In India, majority of the students choose commerce after completion of 10th. Commerce is a very popular stream as it offers a vast range of career opportunities for the students.  Some students choose commerce to get a job early and start

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Article - GST on supply of securities under Securities Lending Scheme, 1997

GST on supply of securities under Securities Lending Scheme, 1997 With effect from 1st Oct 2019, the borrower of securities shall be liable to discharge GST as per Sl. No 16 of Notification No. 22/2019-Central Tax (Rate) dated 30.09.2019 under RCM. The nature of GST to be paid shall be IGST under RC

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