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Archive: 15 January 2019

Posts in 15 January 2019

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

May 15, 2024 6501 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.

Real Estate (Regulation and Development) Act, 2016 – Interest Dharma

January 15, 2019 19173 Views 7 comments Print

Introduction: The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act establishes Real Estate Regulatory Authority (RERA) in each state for regulation of the real estate sector and also acts as an adjudicating […]

Comparison between provisions of Woman Director as per Companies Act 2013 & LODR

January 15, 2019 13584 Views 0 comment Print

This article seeks to highlight the common points and uncommon points on appointment of woman director as per Companies Act, 2013 and SEBI (LODR) Regulations Women Director comparison as per Companies Act and SEBI (LODR) Regulations 2015 Reg. or Section LODR Regulations 17 (1) :- The composition of board of directors of the listed entity […]

Income Tax Return Types, Filing dates, Verification & Consequences of not filing

January 15, 2019 16527 Views 0 comment Print

Discover the different types of income tax returns, filing dates, and verification process. Learn about the consequences of not filing your income tax return on time.

Security services under GST law – Transition to RCM

January 15, 2019 114921 Views 23 comments Print

Security service is a service wherein a person supplies security personnel to another person for a consideration. In the erstwhile Service tax regime, security services provided by individual, HUF or partnership firm to a body corporate were covered under Reverse Charge Mechanism (RCM). However, with the enactment of Goods & Services Tax Act, 2017, the […]

HC should have condoned delay in removing office objections : SC

January 15, 2019 3273 Views 0 comment Print

CIT Vs M/s Reliance Industries Ltd. (Supreme Court of India) The appeal was filed by the Department (appellant herein) before the High Court against the judgment of the Income Tax Appellate Tribunal (ITAT). However, the said appeal was defective and the appellant took abnormal time of 1371 days in removing those defects. An application for […]

Default in issuing Form 16 Salary TDS certificates makes employer liable to prosecution

January 15, 2019 1842 Views 0 comment Print

The petitioner says that he is a senior citizen of 65 years of age and because he is not in possession of Form No.16, he has suffered at the hands of the Department. Let, therefore, the necessary steps be taken in law so that such occurrences are avoided in future.

Merely holding shares for a short period will not convert capital gain into business income

January 15, 2019 1329 Views 0 comment Print

Pr. CIT Vs M/s Viksit Engineering Ltd. (Bombay High Court) We note the fact, that the issue of classification of income on sale of shares as business income or as short term capital gains is to be decided the facts of each case. The tests to be applied for such determination is provided in CBDT Circular No.4 of […]

Reg. Advance Authorisation by CA to avail Input Tax Credit

January 15, 2019 3669 Views 0 comment Print

Notification No. 48/2017 amended to amend the meaning of Advance Authorisation by  chartered accountant (CA) to avail Input Tax Credit vide Notification 01/2019 Dated 15th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS] Notification No. 01/2019-Central Tax New Delhi, the 15th January, 2019 G.S.R. (E).- In exercise […]

Section 148 notice cannot be issued against deceased Assessee

January 15, 2019 8385 Views 0 comment Print

Rajender Kumar Sehgal Vs ITO (Delhi High Court) When the notice was issued, the assessee was already dead. If the Department intended to proceed under Section 147 of the Act, it could have done so prior to 31st March 2017 by issuing a notice to the LRs of the deceased. Beyond that date it could […]

Service Tax Audit is Primafacie Permissible even under GST Regime

January 15, 2019 4626 Views 1 comment Print

M/s. Gitanjali Vacationville Private Limited & anr. Vs The Union of India & anr. (Calcutta High Court) Audit under Service Tax can continue post GST Section 174 is the repeal and saving provisions. Sub-Section 1 of Section 174 repeals the provisions of the various statutes as mentioned therein. Sub-Section (2) of Section 174 stipulates that, notwithstanding […]

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