Business Compliance Calendar for the month OF October – 2021

Capital Gain Exemption if the payment towards flat done prior to the date of LTCG

Government to monitor cases related to “Pandora Papers” through Multi Agency Group to be headed by the Chairman, CBDT with representatives from CBDT, ED, RBI & FIU

Standard Operating Procedure for Faceless Refund -certain guidelines issued under TNGST Act,2017

Whether GST is payable on the employer portion of EPF & ESl?

GST: If society is not set up by an Act of State Legislature or established by Government then it is not a Government entity

Maintainability of Revisione Application  under section 264 & Non waiver of right of appeal

Revamped Form No. 15CA & 15CB submission process

Quoting of PAN not mandatory for certain categories of person – Rule 114AAB

Draft of Representation to NFRA against proposed abolition of Statutory Audit

Business Compliance Calendar for October-21

Set off of income offered during survey against Business Loss

Payment done prior to transfer of capital assets and flat purchase completed within 3 years: Whether Capital gain exemption available?

AO can’t withhold refund to adjust it with demand if no such demand exists at time of refund declaration: HC

Capital Gain: The Dilemma of Paying Tax vs. Saving Tax

Payment of Late Fee under the Income Tax Act – 1961: Allowable deduction or not? Whether the Tax Auditor should report it in an audit report?

Gain arising on sale of the business assets (depreciable assets) is in the nature of business income, though it is taxed under the head ‘Capital Gains’

Medical Store run by Charitable Trust would require GST Registration