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Archive: 26 February 2019

Posts in 26 February 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.

Procedure for Movement of Coastal Goods through foreign territory

February 26, 2019 3525 Views 0 comment Print

Issues related to carriage of coastal cargo from one Indian port to another port in foreign going vessels/coastal vessels through foreign territory-regarding.

CBIC direct tax Recovery by attachment & sale of defaulter’s property

February 26, 2019 2949 Views 0 comment Print

Authorised Officer should proceed to realise the amount by attachment and sale of the defaulter’s property, in accordance with the procedure of attachment and proclamation and sale as prescribed manner. Circular No. 1066/5/2018-CX F,No.298/05/2017-CX9 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Room Nq.267-D, North Block, New […]

Service of Notice of court through Listing Centre only of Schemes of Companies Compromise, Arrangement, Amalgamation

February 26, 2019 483 Views 0 comment Print

Henceforth, any service of notice under Section 230 (5) or Section 66 of the Companies Act 2013 seeking Exchange’s representations or objections if any, would be accepted and processed through the Listing Centre only and no physical filings would be accepted.

Reassessment based on material giving rise to reason to believe is valid

February 26, 2019 1257 Views 0 comment Print

Reassessment made by AO was valid as assessee was unable to explain the source of income from which investments had been made by furnishing her bank statements and AO clearly had reason to believe that income of assessee with reference to these three investments had escaped assessment.

Disallowance of employees contribution of EPF & ESI for payment made beyond due date U/s 36(1)(va)

February 26, 2019 111084 Views 3 comments Print

Employees contribution towards EPF and ESI was rightly disallowed by AO as payment was made beyond the due date stipulated under the relevant enactment for making such payment u/s 36(1)(va)

Non-reporting of specified domestic transactions U/s 92BA with related parties

February 26, 2019 2685 Views 0 comment Print

Transaction of purchase of loan from HDFC ltd. would not cover within the meaning of Specified Domestic Transactions (SDTs) as the shareholding of HDFC Ltd. of 16.39% could not be clubbed with the shareholding of the HDFC Investments Ltd. of 6.25% to cross the threshold limit of substantial interest of 20%.

No addition on mere frequent withdrawal and deposit of own money

February 26, 2019 13638 Views 0 comment Print

Addition made by AO merely on the ground that assessee made frequent withdrawal and deposit of his own money was not justified as the same was not prohibited under any law.

Why does the government not enhance the exemption limit

February 26, 2019 8457 Views 2 comments Print

The government has by a stroke made the taxable income upto Rs. 5 lakhs fully tax free in the hands of small taxpayers without raising the exemption limit. Most of the people have been wondering why the government is not raising the exemption limit instead of playing with Section 87A. I feel the government has […]

MCA upcoming compliances Chart

February 26, 2019 15858 Views 0 comment Print

MCA compliances to be done in upcoming days includes filing of E-form – INC-22A (Active Company Tagging Identities and Verification), Initial MSME-1, Half yearly MSME return, One time DPT-3, DPT-3 Yearly, DIR-3 KYC, BEN-1, BEN-2, NFRA-1 and E-form – INC-20A. MCA compliances to be done in upcoming days S.No. Forms Applicability & Purpose Due Date […]

Banning of Unregulated Deposit Schemes Ordinance, 2019: Brief Analysis

February 26, 2019 7743 Views 0 comment Print

In a bid to save credulous investors from ponzi schemes, the Central government has banned unregulated deposit schemes, a move that may help tackling the menace of illicit deposit-taking activities. Pursuant to Banning of Unregulated Deposit Schemes Ordinance, 2019 now any Individual or group of individuals cannot take any deposit or loan from any person other […]

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