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Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!
Hon’ble Mr. Justice M. M. Kumar, President, National Company Law Tribunal (NCLT) released a publication titled ‘Understanding the Insolvency and Bankruptcy Code, 2016: Analysing developments in jurisprudence’, jointly prepared by the Insolvency and Bankruptcy Board of India and Vidhi Centre for Legal Policy.
CIT Vs Alpha G. Corp Development Ltd. (Delhi high Court) High Court held that strategic investments have to be considered for disallowance under Section 14A but assessee is entitled to contend that the investments are legacy Investments or one-time investment and that there is in fact no expenditure incurred to earn the tax-free income. FULL […]
CIT Vs Maheshchandra G Vakil (Gujarat High Court) HC held that Where assessee proved genuineness of share transactions by contract notes for sale and purchase, bank statement of broker, demat account showing transfer in and out of shares, as also abstract of transactions furnished by stock exchange, Assessing Officer was not justified in treating capital […]
Receiving multiple query about filling of DPT-3. People are asking about number of DPT-3 are required to file for FY ended on 31-03-2019 including one time return of deposit? MCA has inserted an explanation to rule 16 and a new rule 16A vide notification dated 22-01-2019. Explanation to rule 16: [Explanation- It is hereby clarified […]
Section 55 of the Companies Act, 2013 (the Act) prescribes that a company shall not issue an irredeemable preference shares. Further, it also imposes restriction on companies limited by shares to issue preference shares liable to be redeemed at the end of the end of twenty years.
Discover the significance of AS – 9 and IND AS – 18 in accounting standards. Learn how these standards impact financial reporting globally.
Based on the report of the Committee on Corporate Governance under the Chairmanship of Mr. Uday Kotak, SEBI notified the amendments to the SEBI LODR Regulations. These amendments are expected to improve the governance standards in large listed companies. The listed companies are expected to be in compliance with the requirements of the revised SEBI […]
With the deadline to file DPT-3 inching closer day by day, the professionals are rushing today to prepare/review the necessary data for filing of such form timely as well as accurately. As per Rule 16A(3) of the of the Companies (Acceptance of Deposits) Rules, 2014, “Every company other than Government company shall file a onetime […]
What is Electronic Invoicing model? All the taxpayers will create, issue and distribute invoices directly through the GST network. Right now, the businesses issue the invoices through their accounting or billing software. Later, at the time of filing returns, they upload the details and invoices on GST portal.
INTRODUCTION The Corporate vehicle is considered as channel by defaulters for siphoning of funds for illegitimate purposes like money laundering, tax evasion, corruption, terror financing and illegal activities. In the wake to prevent the misuse of funds & money laundering, the Financial Action Task Force (FATF), an inter-governmental organization formulated various recommendations to tap such […]
