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Archive: 04 June 2018

Posts in 04 June 2018

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

May 15, 2024 6435 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.

TDS not deductible on TIP received from guests and distributed among employees

June 4, 2018 774 Views 0 comment Print

The above two appeals filed by the assessee are directed against the order dated 30.04.2005 passed by CIT(A)-41, New Delhi confirming the order passed by the Assessing Officer u/s 201 (1) and 201 (1A) of the I. T. Act for the A.Y. 2011-12.

Exports by Post Regulations, 2018- CBIC Notifies

June 4, 2018 2181 Views 0 comment Print

These Regulations shall apply to export of goods by any person, holding a valid Import-Export Code issued by the Director General of Foreign Trade, in furtherance of business from any foreign post office notified under sub-section (e) of section 7 of the Customs Act, 1962

Job Work Charges from Eligible Unit eligible for deduction u/ s. 80IC

June 4, 2018 1422 Views 0 comment Print

DCIT Vs M/s Dynamic Transmission Limited (ITAT Delhi) With regard to addition of Rs. 63,66,574/- on account of job work charges u/s. 80IC of the I.T. Act, 1961 is concerned, we note that the AO has observed that deduction u/s. 80IC is available only in respect of articles or things manufactured by itself in its […]

Cost Inflation Index and determination of Capital Gain

June 4, 2018 9057 Views 3 comments Print

How does Cost Inflation Index determine the quantum of Capital Gains? Section 45 of Income Tax Act says any profit and gain arisen on Transfer of a Capital Asset shall be chargeable to Income Tax under the Head Capital Gain. Section 48 lays down the Method of computation of Capital Gain. Sale Consideration Received on […]

Changes in Return filing system since inception of GST

June 4, 2018 2211 Views 0 comment Print

Today Era most popular Topic Goods & Service Tax. GST is a significant Indirect Tax reform in the country. GST is a combination of 27 Indirect taxes levied at central and state level into a single Tax i.e. GST .Major Impact of GST  are mitigation of Double Taxation , Elimination of cascading effect &  Establishing […]

Accounting entries for ‘Homestay’ E-Commerce, TCS provision & Consequence

June 4, 2018 7809 Views 3 comments Print

Circular No. 27/01/2018-GST dated 04 Jan 2018 (point no. 5) mentions applicability of threshold limit (of 10 or 20 lakhs under GST Act) to supplier under e-commerce business pertaining to business of Homestay. In case of other e-commerce operator registration is Mandatory for all supplier.

Loan and investments by a Company (Sec-186)

June 4, 2018 301641 Views 8 comments Print

This article will help you to get to know about the provisions related to the loans and investments made by the company in accordance with the Companies Act 2013. Sec- 186 of Companies Act – 2013 deals with the provisions of loans and investments by a company.

Cash Payments not claimed as expenditure cannot be disallowed U/s. 40A(3)

June 4, 2018 1872 Views 0 comment Print

Question of disallowance under section 40A(3) would not arise, where assessee had not claimed the payments as expenditure, while computing its business income.

Deemed Registration if CIT fails to dispose off sec. 12AA application within 6 months

June 4, 2018 2637 Views 0 comment Print

Visvesvaraya Technological University Vs CIT (Exemptions) (ITAT Bangalore) Assessee has moved an application for registration under section 12A on 25.05.1999, but this application was not disposed of by the CIT and it was kept pending and assessee was persuaded by the Revenue to file another application for registration. Vide letter dated 2 1.01.2002, the assessee has also […]

Ways of Buying Your Own Home in a New City

June 4, 2018 1886 Views 0 comment Print

Know ways of buying your own home loan in a new city with Indiabulls Home Loans. Owning a home in a new city offers you and your family a sense of security and stability. Having your own home in a particular city makes you feel attached to the city and gives you a feeling of belongingness.

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