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Archive: 07 July 2018

Posts in 07 July 2018

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices?

April 29, 2024 7017 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!

Join Live Webinar and get Book on Section 43B(h)

April 29, 2024 5076 Views 1 comment Print

Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down intricacies of Section 43B(h)

Penalty U/s. 271(1)(c) cannot be imposed unless same been particularized

July 7, 2018 15462 Views 0 comment Print

CIT Vs M/s. L & T Finance Ltd (Bombay High Court) In none of these orders there is any whisper of the alleged particulars of income which has been concealed or what particulars of  income which have been filed is inaccurate. Mere using the words that there has concealment of income and / or furnishing inaccurate […]

In absence of exempt income no disallowance under section 14A

July 7, 2018 4560 Views 0 comment Print

Since the assessee’s profit and loss account showed only one item of expenditure which had been booked in the accounts and there was no exempt income earned by the assessee, the question of disallowance under section 14A did not arise.

Single Master Form for Reporting of Foreign investment in India

July 7, 2018 6822 Views 0 comment Print

To make it convenient, ease of doing business RBI will introduce a Single Master Form (SMF) subsuming all the existing reports. The focus of RBI is on integrating the foreign direct investment reporting system and RBI has introduced TWO FORMS for this.

FAQS on Notice for removal of company name from register of companies

July 7, 2018 10527 Views 0 comment Print

ROC’s has issued several notices in form STK-5 in the month of May and June, 2018 u/s 248(4) of Companies Act, 2013. Notices has been sent to those Companies, which according to ROC have not been carrying on any business or operation for a period of two immediately preceding financial years.

How to Prepare Directors’ Report As Per Companies Act, 2013

July 7, 2018 7026 Views 0 comment Print

Director Report is very crucial document of a Company. Every Company has to prepare it annually. It is governed by Section 134 of Companies Act, 2013. This section states, the clauses which are required to be mentioned in Directors Report. As per Companies Act, 2013 It is the responsibility of Directors of the Company to […]

MCA notifies 5 more Sections of Companies Amendment Act 2017

July 7, 2018 4056 Views 0 comment Print

MCA vide its notification dated July 6 2018 notified 5 Sections of the Companies Amendment (Act), 2017 of which Section 20 will be effective from July 5, 2018 while date of enforcement of remaining Sections is w.e.f. August 15, 2018.

eform DIR-3 KYC – Time Limit and Consequence of non-filing

July 7, 2018 16704 Views 0 comment Print

For the purpose of updating its registry, MCA has introduced a new eform DIR-3 KYC to conduct KYC of all Directors of all Companies annually. So every individual who has been allotted a DIN as at 31st March of a financial year is required to intimate his particulars to the Central Government by filing eform DIR-3 KYC.

FAQ’s Foreign investment in India – Reporting in Single Master Form

July 7, 2018 6621 Views 0 comment Print

As per Reserve Bank of India, There are various ways of investment in India by foreigners and there are different forms for each type of investment like: Capital contribution in Company, LLP or investment in other investment vehicles.

GST on Back office support services to overseas companies

July 7, 2018 9507 Views 0 comment Print

In re Vservglobal Private Limited (GST AAR Maharastra) The applicant is registered person under GST ACT who is supplier of Services, which is a corporate entity incorporated in India and having its registered office in Mumbai. The orders for supply of said services are received in its Mumbai office and also services are executed from […]

Reco-GSTR-3B-1-Tally

July 7, 2018 4488 Views 3 comments Print

Copy your data from  GSTR-3B/1-PDF file and paste the same in the sheet given in the file. Provide details as per tally. That’s it! your reconciliation of Tally-GSTR-1-GSTR-3B is ready.

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