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Archive: 21 May 2018

Posts in 21 May 2018

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

May 15, 2024 6141 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 19209 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!

Exemption U/s. 11 cannot be denied merely because func­tion hall was let out on rent for various activities

May 21, 2018 2439 Views 0 comment Print

Where an institution is not driven primarily by a desire or motive to earn profits but to do charity through the advancement of an object of general public utility, it cannot but be regarded as an institution established for charitable purposes and proviso to section 2(15) could not be applied so as to deny exemption under section 11.

Admin charges payable by employer on EPF amended WEF 01.06.2018

May 21, 2018 18165 Views 5 comments Print

Government reduces normal administrative expenses payable by the employer with effect from 1st June, 2018 at 0.50 per cent of the pay subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments. Earlier the charge was revised to 0.65 per cent from 01.04.2017 and will remain applicable till 31st May 2018.

If AO was satisfied as to assessee’s computation of disallowance U/s. 14A, invocation of rule 8D could not be allowed

May 21, 2018 1413 Views 0 comment Print

Samvardhana Motherson International Ltd. Vs ACIT (Delhi High Court) The chronology of events leading up to the passing of the orders under section 143(3) of the Act, clearly shows that the assessing officer was ‘satisfied with the claim of the assessee’ while passing the original orders. Rule 8D is triggered only in a case where […]

No tax leviable on Gifts/Prizes/Awards/Rewards received by sportsman Abhinav Bindra

May 21, 2018 15471 Views 0 comment Print

G.D. Agrawal, Vice-President – This appeal by the assessee is directed against the order of learned CIT(A)-I, Dehradun dated 21st February, 2013 for the Assessment Year 2009-10.

Related Party Transactions -For Unlisted Companies

May 21, 2018 100485 Views 4 comments Print

Whereas, under Companies Act, 2013 this requirement has been done away with and substantial focus is towards disclosure regime. The ambit of provisions governing RPT has been increased phenomenally. After concerns of stakeholders several rounds of amendments has been made in the provisions.

Delhi HC Judgment on adjustment of Advance Tax under PMGK Scheme, 2016 and other issues

May 21, 2018 1992 Views 0 comment Print

Virag Tiwari Vs. Principal CIT & Others (Delhi High Court) In the present case we perceive that an equitable resolution is possible on interpretation of the provisions without undermining the object and purpose behind the Amendment Act. Thus while we have rejected the argument that advance tax of Rs. 85,50,000/- can treated as payment of […]

List of Courses After 12th Commerce

May 21, 2018 97263 Views 17 comments Print

Confused what to do after 12th commerce?? Today I am providing a list of courses after 12th commerce which will guarantee 100% Job after the course completion.

Semi Finals of GST Starts Now – Match Purchases through GSTR 2A !

May 21, 2018 54072 Views 16 comments Print

Krishna, from 18th May, the government has started the GSTR 2A for view. What it is? What taxpayers should do now? In in GSTR 2A, B2B invoices, Debit notes, credit notes, purchases made from Composition dealer, credit taken through TDS and TCS, also, the amendments made in the original invoices by supplier, etc. is reflecting.

No Penalty can be levied for delayed filing of E-Returns If Manual Returns filed within Time

May 21, 2018 4599 Views 0 comment Print

It is the case of the appellant that it did file its monthly ER-1 returns manually, without any delay but the respondent without verifying the same has imposed the penalty only on the ground that the ER-1 return was filed electronically beyond the prescribed time limit.

Reopening of assessment not invalid for filing of return with wrong jurisdiction

May 21, 2018 1806 Views 0 comment Print

Smt. Vidhya Poonia Vs ITO (ITAT Jaipur) AO at the time of initiation of proceedings under section 148 has to form the belief on the basis of the material available which is sufficient for coming to the conclusion that prima facie income assessable to tax has escaped assessment, therefore, filing of return with wrong jurisdiction could […]

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