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Archive: 30 December 2018

Posts in 30 December 2018

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3876 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3501 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Panel of Insolvency Professionals for 01/01/2019 to 30/06/2019

December 30, 2018 4833 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA Panel of Insolvency Professionals recommended for appointment as IRP and Liquidator for Corporate Debtors for the period from 01/01/2019 to 30/06/2019 NCLT Sr. No Name of IP IP Registration No E-mail ID Ahmedabad 1 Mr. Rajesh Lohia IBBI/IPA-002/IP-N00049/2016-17/10093 rlohiaandcompany@ gmail.com Ahmedabad 2 Mr. Shalabh Kumar Daga IBBI/IPA-001/IP-P00071/2017-18/10157 jlnus.ahd@ gmail.com […]

Uberrimae Fidei (Good Faith)

December 30, 2018 3465 Views 0 comment Print

The doctrine Uberrimae Fidei is originated from English law to the formation of insurance contract. Principle of Uberrimae fidei (a Latin phrase), or in simple English words, the Principle of Utmost Good Faith, is a very basic and first primary principle of insurance. Contract of Insurance is basically a contract for discharging indemnificatory liability by insurer for premium considered tendered by the insured to the insurer.

ICAI defers UDIN implementation to 1st Feb., 2019

December 30, 2018 1152 Views 0 comment Print

To enable TCS do the huge data migration and data audit which will require around 30 days before the UDIN Platform becomes mandatory, Central Council of ICAI has decided to mandate UDIN w.e.f 1st Feb., 2019 in a phased manner as against the earlier announced date of 1st Jan., 2019 .

Reminiscences of a CCIT: Public Relations, Grievances and Corruption

December 30, 2018 528 Views 0 comment Print

The most important aspects of a public service, public oriented, public contact department, like the Income Tax, are public relations, grievances and corruption. It is extremely important to handle these aspects in a meaningful and effective way.

DGFT & CBIC: The ugly face of corrupt practices

December 30, 2018 2064 Views 4 comments Print

There cannot be absolutely no quarrel with the fact that the DGFT is mandated to be the authority to facilitate the exporters. Therefore, it is really very surprising that why the DGFT should create stumbling blocks in the smooth implementation of the legal provisions contained in the FTP/HBP.  I am really very startled by the […]

Abridged Form of Directors Report for OPC and Small Companies

December 30, 2018 11292 Views 0 comment Print

Abridged Form of Directors Report For OPC And Small Companies Along-with Draft Notice of Annual General Meeting) {As per Provisions of Companies Act, 2013}

GST on Development Rights under Joint Development Agreement

December 30, 2018 23007 Views 3 comments Print

MEANING OF LAND DEVELOPMENT RIGHTS: Development rights mean the right to construct and own the superstructure of the land. Due to the increasing land prices, nowadays Joint development agreements (JDAs) are most prevalent form of land development in the real estate segment. Purchase of land makes it uneconomic for the developers to block huge capital […]

GST Council in a Bid to make Annual Return, “Easy-Peasy”

December 30, 2018 1803 Views 2 comments Print

The 31st GST Council Meeting was no less than Santa Clause for the trade and industry as many welcome amendments / clarifications have been proposed in the Annual Return.

IND AS Applicability under Companies (Indian Accounting Standard) Rules, 2015

December 30, 2018 19281 Views 1 comment Print

The Ind AS shall be applicable to the companies as follows: As notified by MCA as on 16/02/15 in Companies (Indian Accounting Standards) Rules, 2015. Obligation to comply with Indian Accounting Standards (Ind AS). – (1) The Companies and their auditors shall comply with the Indian Accounting Standards (Ind AS) specified in Annexure to these rules in preparation of their financial statements and audit respectively, in the following manner

Impact of Income Tax Assessment on GST Liability & Vice-Versa

December 30, 2018 19452 Views 8 comments Print

The author has tried to analyse the impact of assessment under Income tax law on the GST assessment /liability of the assessee and also the impact of GST assessment on the Income Tax assessment /liability of the assessee. The same is going to have far reaching impact in the near future.

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