PAS-6 Form For unlisted Companies for reconciliation of share capital audit report half yearly issued

Capital gains on Insurance claim for loss of asset where actual expenditure on reconstruction being more than insurance claim

“We would expect the Department of Revenue, particularly, Department of Income Tax to penalise such defaulters and take other strict measures contemplated by law against them” – Bombay HC

Profiteering clause validity where Base price of product increased after reduction in GST rate

Landmark Judgement : Section 145A vs. Valuation of inventory after exclusion of taxes and duties – Favourable judgment by Ahmedabad ITAT

Detention & Release of goods if Petitioner already deposited tax and penalty

Validity of addition done by Income Tax Odficer only because shareholder could not be produced and he was a man of no means.

CBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-18

No exemption to charitable trust under section 11 if not registered under section 12AA.

Registration application u/s 12AA cannot be rejected by giving any vague reason

Absence of dissolution clause in trust deed cannot be the basis for refusing registration to a trust

Mere non- production of evidence of registration U/s. 12A/12AA cannot be the reason for denial of exemption u/s 11

IRREVOCABLE CLAUSE IN THE TRUST DEED

New GST Return Forms

GST benefits to the Government : Controlling malpractices as it is system driven

IRREVOCABLE CLAUSE IN THE TRUST DEED

Interest paid on Interest debited to loan account is not eligible for deduction as “Housing Loan Interest u/s 24(b) – CA Naresh Jakhotia

Get Ready for New GST Forms..