"07 October 2018" Archive

Refund of Double Payment by Electronic Challan cum Return (ECR) -Reg

No. Bkg.1 (34) 2017/Bank Commn./UBI/157 (05/10/2018)

In spite of guidelines issued in above matter, a number of complaints are being received in Head Office in connection of non refund of wrong / excess / double payments made by establishment through ECR....

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E-Way Bill New Analytic Reports in Officer (MIS) Module

(Some are available and others will come in 15 days) Q.1 Tax Payer-wise outward/inward supplies (Available) Ans: Using the Outward Supplies option under Summary Reports, officer can view the monthly reports for all the outward supplies for a selected office and month. This can be used to compare with the filing/non-filing of the return 3...

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Posted Under: Corporate Law |

E-Way Bill : FAQs on Officer (MIS) Module

1. Why alerts are provided while verifying the EWB by officer? •Alerts are provided to officers so that he is informed beforehand that the e-Way Bill which is being verified by him is needed to be examined further. The types of alert are > EWB is cancelled > EWB is rejected > EWB is expired […]...

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Posted Under: Corporate Law |

TCS provisions for E-commerce Operator

Important Definition under GST law: (i) Section 2: Definitions Section 2(41)-electronic commerce means supply of goods and/or services including digital products over digital or electronic network. Section 2(42)-electronic commerce operator means any person who owns, operates or manages digital or electronic facility or platform for ele...

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Posted Under: Corporate Law |

Amendments in Auditing for November 2018 Exam

Exam fever is in the air as November approaches closer. So, here are some relevant amendments for CA students for November 2018 including the some from May attempt. It is divided in two parts so you can choose and can have a quick revision....

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Posted Under: Corporate Law |

Automated Income Tax Arrears Relief Calculator with Form 10E

Automated Section 89(1) Income Tax Arrears Relief Calculator with Form 10E From F.Y.2000-01 to Financial Year 2018-19 [Updated Version) HOW TO CLAIM RELIEF WHEN SALARY IS PAID IN ARREARS OR IN ADVANCE Whereby any portion of assessee’s salary is received in arrears or in advance or by reason of his having received in any one […]...

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Posted Under: Corporate Law |

DIR 3 KYC – What if it is not filed on time?

DIR 3 KYC when not filed on time it will amount to change in status of DIN to 'Deactivated due to non filing of KYC Form' but what will be the actual impact of such 'Deactivation' and way ahead for such Individuals?...

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Posted Under: Corporate Law |

Disallowance of Service Tax U/s. 43B when payment not received from customer

PCIT Mumbai Vs. Tops Security Limited (Bombay High Court)

Service tax due not disallowed under section 43 if payment not received from the customer...

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Income Tax Survey Information cannot be denied under RTI without communicating reasons for such rejection

Mr. Champa Lal Soni Vs. CPIO & ITO (Central Information Commission)

On being queried, if there existed any specific provision regarding non-disclosure of survey related information to the concerned Assessee, he cited the provision of the Finance Bill, 2017....

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Dandiaya between Income Tax TDS & GST TDS

Recently TDS was made applicable under GST w.e.f. 1-10-2018. But it is a good old concept under income tax. How dandiaya will be played between these two players i.e, TDS of Income tax and GST, is there any similarities between the two?...

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Posted Under: Corporate Law |