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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)
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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.
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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 &
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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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