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Archive: 22 June 2018

Posts in 22 June 2018

CBDT amends Place of Effective Management (PoEM) rules wef 01.04.2017

June 22, 2018 12648 Views 0 comment Print

in a case where a foreign company is said to be resident in India on account of its Place of Effective Management (hereinafter referred to as PoEM) being in India under sub-section (3) of section 6 of the Act in any previous year and such foreign company has not been resident in India in any of the previous years preceding the said previous year

HC directs GSTN to issue password to assessee to complete migration process

June 22, 2018 1023 Views 0 comment Print

Heard Sri Rahul Agarwal assisted by Sri Varad Nath and Miss. Archi Agarwal learned counsels for the petitioner. Sri V.K.S. Raghuvanshi, appeared for the respondent no.4, Sri C.B. Tripathi for the respondent nos.1 and 5 and Sri Arvind Kumar Kushwaha holding the brief of Sri Prem Shankar Prasad, learned counsel for the respondent nos. 3 and 6.

Revised return not become invalid merely for filing after issue of Notice U/s. 143(2)

June 22, 2018 6384 Views 0 comment Print

There is no bar / restriction in the provisions of section 139(5) of the Act that the assessee cannot file a revised return of income after issuance of notice under section 143(2) of the Act. It is trite law, the assessee can file a revised return of income even in course of the assessment proceedings, provided, the time limit prescribed under section 139(5) of the Act is available. That being the case, the revised return of income filed by the assessee under section 139(5) of the Act cannot be held as invalid.

Know your Income tax form- ITR-1

June 22, 2018 6045 Views 6 comments Print

Everything you need to know about ITR-1 form: the simplest income tax form for individuals with up to Rs. 50 lakhs income. File online or offline.

HC on levy of IGST on Import under advance license

June 22, 2018 4053 Views 0 comment Print

Jindal Dyechem Industries (P) Ltd. Vs Union of India ((Delhi High Court) It is apparent from these facts that the imports which are the  subject matter of the present writ petition were in fact made after the  introduction of GST Regime. The petitioner is the beneficiary of an advance license issued on 17.07.2017. At that point […]

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June 2018