Relief to the Business by Gujarat High Court:Refunds on account of inverted duty structure under GST allowed
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Relief to the Business by Gujarat High Court:Refunds on account of inverted duty structure under GST allowed Much awaited judgment…
Month: July 2020
E-Invoice under GST for turnover above 500 crore: New Notification n. 60/2020 by CBIC
E-Invoice under GST for turnover above 500 crore: New Notification n. 60/2020 by CBIC What is E-Invoicing? E-invoicing or electronic…
Taxation of Business Process Outsourcing Units in India
Taxation of Business Process Outsourcing Units in India The provisions containing taxation of IT-enabled business process outsourcing units are not…
Deduction towards provision for bad & Doubtful Debts available on if the provision is done in the books of accounts & not otherwise: Section 36(1)(viia)
Deduction towards provision for bad & Doubtful Debts available on if the provision is done in the books of accounts…
Pro-active steps by the Government: Income Tax Compliance Date Extended again to 30th September 2020 – New Compliance Chart of the Revised Dates
Pro-active steps by the Government: Income Tax Compliance Date Extended again to 30th September 2020 – New Compliance Chart of the…
Statement of income paid or credited by an investment fund to its unit holder: Know about Rule 12CB- Section 115UB(7) Statement & new Form No. 64C & 64D
Statement of income paid or credited by an investment fund to its unit holder: Know about Rule 12CB- Section 115UB(7) Statement…
GST: Obtaining More Than One GST Registration under One PAN
GST: Obtaining More Than One GST Registration under One PAN One of the common questions by businessmen is whether more…
“SEBI SETTLEMENT SCHEME 2020 – One – time Settlement scheme”
“SEBI SETTLEMENT SCHEME 2020 – One – time Settlement scheme” Securities Exchange Board of India (SEBI) vide Public notice dated…
GST: If the petitioners are behind bars, no proceeding for compounding the offence could be taken
GST: If the petitioners are behind bars, no proceeding for compounding the offence could be taken S.B. Criminal Miscellaneous Bail…
First year of Business & Applicability of presumptive scheme of taxation u/s 44AD: Controversy to Continue
First year of Business & Applicability of presumptive scheme of taxation u/s 44AD: Controversy to Continue In the earlier…
“SEBI – FURTHER RELAXATIONS RELATING TO PROCEDURAL MATTERS – TAKEOVERS AND BUY-BACK UPTO 31.12.2020”
“SEBI – FURTHER RELAXATIONS RELATING TO PROCEDURAL MATTERS – TAKEOVERS AND BUY-BACK UPTO 31.12.2020” Securities Exchange Board of India (SEBI)…
An Interesting Case : No disallowance u/s 40A(3) on undertaking that the assessee (Builder & Developer) will not claim concerned expenditure as deduction
An Interesting Case : No disallowance u/s 40A(3) on undertaking that the assessee (Builder & Developer) will not claim concerned…
Income Tax Raid: Few Important Points for the taxpayers
Income Tax Raid: Few Important Points for the taxpayers Search” is the term used in the Income Tax Act –…
If Assessee failed to substantiate the claim that deposits made in bank account were out of sale proceeds, addition under section 68 is justified.
If Assessee failed to substantiate the claim that deposits made in bank account were out of sale proceeds, addition under…
Vivad se Vishwas Rules, 2020 in Direct Tax : Procedure for making declaration in Form-1
Vivad se Vishwas Rules, 2020 in Direct Tax : Procedure for making declaration in Form-1 DGIT(S)-ADG(S)-3/e-Filing Notification/FoR1/VSVS/2020/ Government of India…
Transactions in Income Tax where PAN quoting is Mandatory
Transactions in Income Tax where PAN quoting is Mandatory Every person have to quote his permanent account number (PAN) in…
20 different Activities: Whether Agricultural income or not?
20 different Activities: Whether Agricultural income or not? Agricultural income is exempt from tax. Often the question arises whether activities…
