Pr. CIT Vs Sterlite Opportunities and Ventures Ltd. (Bombay High Court) revised return filed under Section 139(5) of the Act, was valid return of income filed by the Respondent on its own and not on the basis of any investigation/ discovery done by the department of inaccurate particulars in the original return of income. Thus, […]
ITO Vs M/s. Mundela Service Co-operative Bank Ltd. (ITAT Cochin) With regard to non granting of deduction u/s. 80P(2) of the Act, treating the unexplained credits as ‘income from other sources’, this issue was considered by the Jurisdictional High Court in the case of Kerala Sponge Iron Ltd., 79 taxmann.com/379 ITR 330 wherein ‘the income […]
Notification No. 43/2019-Central Government notifies ‘Tamil Nadu Real Estate Regulatory Authority’, an Authority constituted by the State Government of Tamil Nadu in exercise of powers conferred under sub-section (1) of Section 20 of The Real Estate (Regulation and Development) Act, 2016 (16 of 2016) for the purposes of section 10(46) of Income Tax Act, 1961. […]
Notification No. 42/2019- Central Government notifies ‘All India Council for Technical Education’, New Delhi, a Council established by the Central Government, in respect of the following specified income arising to that council under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 42/2019 New […]
SMEs are backbone of India economy. Earlier, the large organizations were only considered potential economy boosters but now the scenario has changed. Small and medium-sized enterprises (SMEs) are seen as the growth engine of the Indian economy. There are over 5.5 crore small enterprises that drive our Indian economy through manufacturing, exporting, importing, trading, etc. Along […]
The objective of this discussion paper is to seek comments / views from the public on suggestions relating to review of conditions for buy-back of securities.
All Companies having share capital registered on or after 02nd November 2018, are required to declare commencement of business to the authorities, before it could start its business. This needs to be declared within 180 days of incorporation to avoid penalties. This requirement was also present there in erstwhile Companies Act 1956 and Companies Act […]
This Article is all about the procedure to be followed by the shareholder in case his Share certificate(s) Lost or Misplaced. WHAT TO DO IF YOUR SHARE CERTIFICATE HAS LOST OR MISPLACED? – *Note-1: All Documents shall be submitted to the Company/RTA. *Note-2: Indemnity Bond and Affidavit shall be notarized by First class Magistrate. DRAFT […]
Steps of Installation of Install Digital Signature certificate PFX file/Hard Token Requirement for usage of Digital signature certificate : ♣ Valid Digital Signature should be obtained from Third Party Vendor. ♣ Only class 2 or class 3 digital Signature certificates are allowed for the purpose of registration on TRACES. ♣ TRACES supports downloadable pfx files […]
Important information on Request for resolution Only registered Deductor can avail the facility of Request for Resolution under Online grievances module. Request for Resolution can be raised from FY 2007-08 onwards Deductor can upload the relevant documents along with the query Status of Tickets Open–Ticket is with TDS CPC and will be responded within the prescribed […]
