The writ petitioners have filed these applications for getting the transitional input tax credits, for which Form GST TRAN-I was filled up by them.
Raja Ram Vs Jai Prakash Singh and Others (Supreme Court) The deceased undisputedly was over 80 years and above in age. The plaintiff pleaded that by reason of age and sickness, the deceased was unable to move and walk, with deteriorated eye sight due to cataract. The mental capacity of the deceased was impaired. The […]
The Tribunal noticed that the assessee was holding 1.07% shares of sister concern whereas the partners of the assessee firm Shri Balbir Kumar and Shri Harsh Kumar were holding 6.64% and 6% shareholding respectively.
The due date for a person (other than a company) whose accounts are required to be audited under the Income Tax Act, 1961, may be increased to 31st October 2019 as the numbers of cases of audit are increasing and auditors have to incorporate data of GST Returns in the audit report apart from checking of the purchases, turnover, ITC, etc., and also tax audit forms have seen changes.
One of the practiced business model in trade is that of ‘Bill-to-Ship-to’ model, which raises eyebrows in the Indirect tax world. The bill-to ship-to transaction typically involves two supplies- 1. The supply between the one who supplies the goods and the one who pays for it and 2. The supply between the one who receives […]
NEWS INTERNATIONAL 1. Australian Taxation Office publishes important guidance on cross-border tax measures 2. Singapore, Turkmenistan sign comprehensive tax treaty 3. Zimbabwe proposes amendments to thin capitalization rules. 4. Bulgarian mandatory transfer pricing documentation rules enacted 5. USA and Curacao negotiating country-by-country reporting exchange agreement. 6. Switzerland to exchange financial account information with 33 more […]
Features of Section 8 Company: A Section 8 Company is registered as a limited company under section 8 of Companies Act, 2013 and holds the licence from Central Government, having the following features: a. has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or […]
Urge to the FM to revoke Super Rich Surcharge on LTCG from the sale of properties. The current recession has hit the economy hard, causing layoffs and shutdowns across sectors.
PROCEDURE FOR OBTAINING INFORMATION UNDER THE RIGHT TO INFORMATION ACT, 2005 FROM THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA. Any citizen of India can obtain the required information by making a request under his / her signature addressed to the Central Public Information Officer / Central Assistant Public Information Officer of The Institute of Chartered […]
Important income tax tips after August 31, 2019. Learn about the amendments in the Finance Act and how they impact your tax planning.
