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Archive: 02 August 2015

Posts in 02 August 2015

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6372 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19383 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

‘Bhaubali Returns’ is awaited, but wait for New Income Tax ‘Returns’ is over

August 2, 2015 1812 Views 0 comment Print

Krishna, Income Tax department has notified all remaining ITR’s for FY 2014-15. As audience wait for next release of movies, now taxpayers have to wait for next version of returns. Like movie sequels now Income tax returns also have their sequels. So please explain what are the changes made in these ITR.

GST: Hyped Are The Merits, Hidden Are The Threats

August 2, 2015 3506 Views 0 comment Print

The introduction of GST along with other government initiatives like the ‘make in India’ programme have the potential to drastically bring down costs, re-define and re-shape the economy of India. The benefits of implementing GST have been much talked but the probable threats have only been popularized as opposition party’s publicity stunts to hamper the implementation of GST.

Hastiness And its harmful effects

August 2, 2015 2026 Views 0 comment Print

Speed has become a fashion and necessity in the digital era. The limited resources and the growing population have necessitated the development of speedy service as Fast food, Express ticketing, Quick visas, Fast lane traffic, etc. Even the time is moving on the fast track: years get completed before we count the days. Burgers and pizzas profit from our hastiness and laziness.

Process for Surrender/Cancellation/ of Additional/Duplicate/ Extra DIN

August 2, 2015 7458 Views 1 comment Print

1. Holder of duplicate DIN shall make an application for surrender with Regional Director in form DIR5. 2. The application shall be accompanied with a declaration on affidavit duly notarized that he has never been appointed as director in any company and the said DIN has never been used for filing of any document with any authority.

Allotment of Shares as Per Companies Act 2013

August 2, 2015 287403 Views 10 comments Print

(i) A private placement offer cannot be made to more than 200 people in aggregate in a financial year excluding “qualified institutional buyers” and employees of the company being offered securities under a scheme of employee’s stock option as per provisions of clause (b) of sub-section (1) of section 62.

Interest Income on Income Tax Refunds

August 2, 2015 11893 Views 0 comment Print

An Assessee is eligible to claim refund of the excess tax paid by him. Tax could be paid in the form of advance tax or tax deducted/collected at source or self – assessment tax or payment of tax on regular assessment. To claim refund, an assessee need to E – file Return of Income submitting the proof of payment of taxes like Advance Tax, TDS/TCS etc. An Assessee can also claim tax refund even if return is filed after the due date.

Input Tax Credit on Composite production of Taxable/Tax Free goods under PVAT Act, 2005

August 2, 2015 2695 Views 0 comment Print

Section 13 of the PVAT Act, 2005 provides for the entitlement of Input Tax Credit on the purchases made by a Taxable Person subject to such Conditions as may be prescribed. However when a person uses taxable goods for the production of both taxable and tax free goods Section 13(5) & Rules 23 & 24 of the PVAT Rules, 2005 comes into play.

Power of Introspection -I am doing my work & Rains doing theirs…

August 2, 2015 965 Views 0 comment Print

Assessment means appraisal, evaluation, estimation, measurement, judgment etc. In the context income tax law it means then evaluation, estimation, or measurement of income. The term ‘assessment’ in field of taxation law has a definite meaning. This term is comprehensive and may include varied ranges of activities and procedures. The definition of assessment has not been provided with the IT Act,

All about Secretarial standard 2 on General Meeting

August 2, 2015 10151 Views 0 comment Print

Secretarial standard on general meeting issued by the Institute of company secretaries of India and approved by central government. The aim of secretarial standard is to promote good corporate governance. The standards are basically compilation of good secretarial practices with a view to ensure proper corporate governance.

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