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Archive: February, 2018

Posts in February, 2018

Penalty order liable for cancellation if penalty notice do not specify why it is been initiated

February 28, 2018 3741 Views 0 comment Print

This appeal filed by the assessee is directed against the order dated 08.07.2013 passed by the CIT(A)-IV, New Delhi in appeal No. 03/12-13 for the AY 1997-98 passed u/s 271 (1 )(c) of the Income-tax Act, 1961 [hereinafter referred to as ‘the Act’ for short].

Penalty Notice without Application of Mind by AO is Invalid

February 28, 2018 1776 Views 0 comment Print

Assessing Officer has issued notice under section 274 r.w.s. 271(1)(c) of the Act dated 27.03.2015 without striking off the irrelevant words, the penalty proceedings show a non-application of mind by the Assessing Officer and is, thus, unsustainable.

Concession for exporters under GST Regime

February 28, 2018 5976 Views 1 comment Print

Implementation of GST had brought in a lot of compliances for the registered exporters. Although the announcements for refund has been made by Government, but the process has still not yet started in a full- fledged manner.

The Inexperienced Investor

February 28, 2018 1737 Views 2 comments Print

People these days are professionally qualified, but financially illiterate. This is my attempt to throw light on the basic but crucial mistakes committed by almost all investors.

Addition U/s 68 merely for Share capital/ premium for Receipts from companies having registered office at same address not justified

February 28, 2018 3483 Views 0 comment Print

Commissioner (Appeals) therefore, rightly noted that there is no law that more than one Company cannot have its Registered Office at one address. The Companies could have change their address later on.

How GST Compliance Tool helps in getting rid of Taxation Load?

February 28, 2018 9444 Views 1 comment Print

Know how an efficient GST compliance tool can help you deal with the new taxation system of India and how such tool can reduce tax complexity in your business

Procedure for Change of Registered E-Mail Id and Mobile Number in GST in Case of Propreitorship

February 28, 2018 14016 Views 7 comments Print

Step 1: login to GST Portal ( ) using the login credentials. Step 2: Go to Services-Registration-Amendment of Registration Non-Core Fields. Step 3: Select the Authorised Signatory Tab. Step 4: Select the edit option shown in the Authorised Signatory Person, de-select the Primary Authorised Signatory checkbox and save it. Step 5: After saving the Detail, […]

Recent Changes in form GSTR-3B

February 28, 2018 11523 Views 3 comments Print

GSTR-3B application has been  simplified by the GSTN. Following are the key changes in GSTR-3B return filing form. 1. Tax Payment:In the revised version of the form, the public can see whether the tax liability is being paid by cash or credit in tax liability, before submitting the form. But in the earlier filling, a […]

ITAT deletes Addition on account of notional interest on interest free advance

February 28, 2018 4092 Views 0 comment Print

Shri John Jacob Vs JCIT (ITAT Indore) Assessee had produced books of account and audited statements, which proved that the assessee had sufficient surplus in his capital account to give interest free loan. Further that, the AO as well as CIT(A) had not brought anything on record to show that money so advanced was out […]

Procedure to reset password on “”

February 28, 2018 125841 Views 23 comments Print

As per the Maharashtra Sales tax Department, the register dealer need to register there self on in order to file the sales tax return, audit report and for obtaining CST declaration online along with filing a refund application, etc. here is the Procedure to reset password on “” website.

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