Bharti Infratel Limited Vs DCIT (Delhi High Court) Conclusion: Notice for re-assessment issued under Section 148 against assessee-company was quashed as assessee had made full and true disclosure of material facts; nothing was concealed, withheld and left to be factually discovered in the form of ‘material’ mentioned in detail in accounts and other evidence and […]
In Circular No.1/2019 dated 1st January, 2019 on the above- mentioned subject, the provisions of section 80TTB were not correctly explained in para 5.5.12 of the circular. In the said circular, it is written that, Interest on deposits (Not being the time deposit) i.e. Interest on saving deposit would be allowed to be deducted in […]
As per Regulation 23(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, payments made to related parties towards brand usage or royalty are to be considered material if the transaction(s) exceed 2% of the annual consolidated turnover of the listed entity during a financial year.
Detailed Checklist, Procedure and Documents required for filing of Form INC-22A, ACTIVE (Active Company Tagging Identities and Verification) and Effect Of Non-Filing or delayed filing of Form INC-22A. Documents and Details Required For Filing The Form INC 22A (Active): 1. E-mail ID of the Company (the mail ID will be verified by OTP); 2. Latitude […]
Lump Sum Settlement Money received at time of Divorce or Monthly Alimony Money received is Taxable in Income Tax Law? A divorce is the legal termination of a marriage by a court in a legal proceeding, requiring a petition or complaint for divorce (or dissolution in some states) by one party. There are two types […]
In order to carry out the charitable activities, the Chairman of the society needs accommodation otherwise he would have to be put in rented accommodation and hence the same eligible for benefit of section 11 and 12.
In long-term capital gains, one must calculate tax with and without indexation and avoid dividend plans while making any debt-related investment. While making any investment decision, one needs to understand each and every detail of the income as it’s an investors right to maximise the investment if there is any option available. In India, people […]
Streamlining of Issue of shares through Rights Issue and Bonus Issue The NEW FDI Regulations have streamlined the issue of shares under the right issue and bonus issue subject to adherence: 1. The offer made by the Indian company is in compliance with the provisions of the Companies Act, 2013 2. Such issue shall not […]
The Principal commissioner(GST) of Central Board of Indirect Taxes and Custom vide its Circular No. 92/11/2019-GST dated 7th March 2019 has clarified the following issues:- 1) Free samples and gifts: As per sub clause (a) of sub-section (1) of section 7 of the said Act, the expression “supply” includes all forms of supply of goods […]
National Informatics Centre (NIC) which maintains the GST E-Way Bill Portal has released a document on the proposed changes in the e-way bill portal. Some of the important changes being – 1. Auto Calculation of route distance based on Pin Codes 2. Blocking of generating multiple e-way bills on same document 3. Extension of validity […]
