It is hence proposed to amend the provisions of sub-section (5) of section 139 to provide that the time for furnishing of revised return shall be available upto the end of the relevant assessment year or before the completion of assessment, whichever is earlier.
New definition of ‘Account’ has been inserted which refers to bank account. It seems that interest may be exempted from payment of GST. Earlier this definition was not there. It’s main use will be in the determination of time of supply and place of supply.
As India moves towards International Financial Reporting Standards (Ind-AS/ IFRS) requirements gradually, there are some fundamental changes which are imperative in nature while defining group structure of any entity and/ or requirement to present it on the face of financial statements differently comparing to the present practices in India.
According to section 270 of Companies Act, 2013, there are two ways in which a company can be wound up : either by the tribunal or voluntarily. The sections pertaining to Winding up by the Tribunal have been notified and put into force. The procedure for the same is given hereunder:
Article compares differences between Companies Act 2013 and Companies Act, 1956 in respect of wound up of a Company by National Company Law Tribunal. Article Compares Section recently notified Section 271, 273, 274, 275, 277, 280, 281,287,302,332,336,337,338, 339(3), 342, 344, 348(7), 352, vide notification no. S.O. 3677(E) dated 07.12.2016 with effect from 15.12.2016.
Job Vacancy for Chartered Accountants having 5 to 8 Years of Experience with knowledge of SAP in a Real Estate Company from one of the Leading Corporate group at Gurgaon Location. Job Details Location- Gurgaon, Experience Required– 5 to 8 Years Qualifications: CA Industry: Accounting, Real Estate Profile: Accounts and Tax Role: Manager Job Description […]
Article explains meaning of Composition Scheme under GST, who can opt this scheme and who cannot opt this scheme, how to compute aggregate turnover , Tax Rate under GST Composition, penal provisions of non-compliance, Allowability of input credit on switching to Composition Scheme, Availability of Composition Scheme to a person engaged in Import / Export of Goods etc.
In this article, taking three provisions of Finance bill 2017, taxation effect is studied under different scenarios with hint of tax planning. Further, controversial provision of surcharge under one of the scenarios with its suggested solution is also given.
It is hereby informed that sale and submission of physical i.e. OMR examination application forms have been discontinued with effect from May 2017 examination onwards
