Shri Suresh Shivlal Bhasin Vs ACIT (ITAT Mumbai) As regards imposition of penalty on the addition made on account of notional house property income, it goes without saying that in reality the assessee has not earned any income from house property. The Assessing Officer himself has observed that the addition made on account of income […]
Principal CIT Vs Smt. Charumathi Seshadri (Madras High Court) When assessee invested a sum in purchase of land, which was invested after date of sale of original asset and before due date of filing of return of income under section 139(1) as per requirement of section 54F, then, deduction under section 54F could not be […]
Haryana Authority of advance Ruling, in the case of YKK India Private Limited has pronounced that the ITC of tax paid on transportation services availed by the Company for the purpose of transportation of passenger shall not eligible as the same is a blocked credit u/s 17(5). Let us analyse the AAR in detail.
Learn how to appeal to the Appellate Authority for Advance Rulings in GST. Follow the procedure and checklist provided to ensure a successful appeal.
An application for obtaining an Advance Ruling under sub-section (1) of Section 97 of the CGST/MGST Act and the Rules made thereunder, shall be made in quadruplicate, in FORM GST ARA-01 (Please refer to Annexure-I) i.e. the set of physical four copies to be submitted to the office of the Maharashtra Authority for Advance Ruling (first main copy, two copies for Members of the Maharashtra Authority for Advance Ruling and one copy for Officer) at the below mentioned address:
Guidelines for Filling the Online Udyog Aadhaar Form Note: A. EM-I has been abolished. Need not file through Udyog Aadhaar. B. Udyog Aadhaar (UA) is for running units. No need to apply for upcoming units. C. New Feature Added for Search Facility of NIC Code to Avoid 3 Step Selection of NIC Activities. D. OTP […]
The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley releases a Compendium of Instructions on GST Refunds and a Copy of the Operational Manual on Internal Audit
On the eve of New Financial year ahead I want to take you to the path which helps you to reach a destination called Wealth. This article is for those who are in the age group of 18 to 45. As it is written particularly by keeping in mind that people would have sufficient wealth […]
In continuation of my last Article ‘Implication of Supreme Court Verdict on Provident Fund‘ published on 2nd March, 2019 on PF calculation after verdict of Hon’ble Supreme Court Judgment, the following illustration will help you to understand that how to calculate salary for PF deduction and extra cost you have to bear as Employer: Calculation […]
In this article we will be discussing about the precautions to be take care while entering into a real estate transaction. Let us understand this article in the form of short story; There are two brothers namely Pushp kumar sahu and Uday kumar sahu who have entered into a transaction of immovable property worth 48 […]
