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Archive: 06 April 2017

Posts in 06 April 2017

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 1548 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

GST Bill passed by Rajya Sabha (Read Synopsis of Debate)

April 6, 2017 10077 Views 2 comments Print

The effort that the Government has put behind ensuring GST a reality in India is commendable. Besides being a significant game changing tax reform, this is a great example of collaboration between the centre and the states.

Simplified Version of GST Registration Procedure

April 6, 2017 9549 Views 2 comments Print

Under GST the Registration has been made very easy and almost 99 % Digital. Entire process can be finished in Five working days except in case where the officer granting such registration does not find the application or documentation in order.

Procedure to file application for Voluntary Striking Off Name of Companies U/S 248(2)

April 6, 2017 11634 Views 2 comments Print

The quickest way to close the non operational company is through a process called Fast Track Exit (FTE). Companies Act 2013 has a separate chapter on this subject i.e Chapter XVIII, containing section 248 to 252. These sections were came into effect from 26th December 2016.

Simplification of place of supply of services when location of supplier or location of recipient is outside india

April 6, 2017 7200 Views 4 comments Print

Section 13 provides separate principles for determining place of supply for specified services. If services are other than specified services, then general rule has to be followed. Let’s start with the general rule which is tabulated below :

Why is it important to maintain a good credit score?

April 6, 2017 1593 Views 0 comment Print

Having a good credit score can make or break your loan application. In many cases, it can be the deciding factor between approval and rejection.

Concealed income found during search and Survey is to be distributed among all family members

April 6, 2017 2106 Views 2 comments Print

We have heard the learned counsel for the parties and perused the impugned order dated 14th December,2005 passed by the High Court of Judicature at Madras. The High Court has dismissed the appeal filed under Section 260A of the Income Tax Act,1961 on the ground that no substantial question of law arises.

Search do not become invalid merely because warrant was in the name of a dead person

April 6, 2017 1548 Views 0 comment Print

Notice under Section 132 of the Income Tax Act, 1961 was issued in the name of a dead person. The said notice was duly received by the present petitioner as the legal heir of the dead person. Notice of assessment under Section 158BC of the Act was issued and in the assessment proceedings

Nutrition/health Concerns of Adolescent Girls for breaking Inter-generational Cycle of Malnutrition

April 6, 2017 435 Views 0 comment Print

Adolescence – the transient phase of life from puberty to adulthood comprises rapid physical growth coupled with fast-paced psychosocial, cognitive and emotional development. India has nearly 253 million adolescents (constituting >1/5th of total population) who are in dire need of appropriate nutrition, education, counselling and guidance (Census, 2011).

Deduction u/s 54 can be claimed even if only land appurtenant to residential house is sold

April 6, 2017 4329 Views 0 comment Print

Deduction u/s 54 of the Act is also available even if the land, which was appurtenant to the residential house, is sold and it is not necessary that the whole of the residential house should be sold because the legislature has used the words or which is distinctive in nature.

Levy of Capital Gain Tax when assessee denies ownership and sale

April 6, 2017 4584 Views 8 comments Print

Admittedly, the petitioner has lodged a police complaint that her name has been misused in a document in respect of a property of which she is not the owner. Therefore, the matter requires further detail prob.

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