Restriction on availment of the input tax credits (ITC) not appearing in form GSTR-2A In a major move to linked the ITC of the recipient with the payment of the taxes by the suppliers of the services, Government of the India, Ministry of the Finance vide notification number 49/2019-Central Tax dated 09th October 2019, has amended Centra...
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ANNUAL RETURN Q.) WHAT IS ANNUAL RETURN? Section 92 of the Companies Act, 2013 requires every company to prepare an annual return, a comprehensive document which contains information of a company relating to its share capital, indebtedness, directors, shareholders, changes in directorships, corporate governance disclosures etc. The annual...
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Notification No. G.S.R. 792(E). -
(15/10/2019) -
The companies who have already filed their Cost Audit Report in form CRA-4 for the financial year 2018-19 with the Central Government before the publication of this notification are not required to file their Cost Audit Report for the said financial year....
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Working as a trader for a living is something most of the millennials today aspire to. You could be your boss, work on your schedule and set your own goals. Not just that, you could work from anywhere with a stable internet connection. What else could one wish for? However, if forex trading is your […]...
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Notification No. 80/2019-Income Tax [S.O. 3719(E)] -
(15/10/2019) -
CBDT exempts cash withdrawal by the authorised dealer and its franchise agent and sub-agent; and Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of India and its franchise agent from TDS under Section 194N subject to conditions specified in Notification No. 80/2019-Income Tax dated 15th October, 2019. MINISTRY OF FINANCE (D...
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Constitutional validity of this tyrannical notification No. 49/2019 dated 9-10-2019 capping the ITC to 20% The point of contention in this latest Notification No. 49/2019 dated 9-10-2019 wherein revenue placed the 20% as maximum cap for availing ITC on Invoices not uploaded by the supplier. Isn’t this notification is just a vice versa s...
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If you are looking forward to buying your dream house, you may consider availing a home loan that fulfills all your requirements. Factors such as low-interest rates, flexible repayment options, minimal formalities, and quick disbursal decide the viability of a home loan. It is important that you study all the features of your home loan [&...
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Mrs. A. Vijayakumari Vs ITO (ITAT Chennai) -
Mrs. A. Vijayakumari Vs ITO (ITAT Chennai) The provisions of section 54 of the Act are beneficial and are to be considered liberally for reasonable bonafide cause but investment in residential property is mandatory which is not in dispute in this case. The Assessing Officer was not justified in rejecting the case law relied on […]...
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SEBI/HO/MIRSD/DOP/CIR/P/2019/111 -
(15/10/2019) -
Since KYC Registration Agencies (KRAs) perform important function of maintaining KYC records of the clients in the securities market, it is desirable that KRAs have robust Cyber Security and Cyber Resilience framework in order to provide essential facilities and perform systemically critical functions relating to securities market....
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Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2019/110 -
(15/10/2019) -
Quarterly reports containing information on cyber-attacks and threats experienced by QRTAs and measures taken to mitigate vulnerabilities, threats and attacks including information on bugs / vulnerabilities / threats that may be useful for other QRTAs should be submitted to SEBI in soft copy to rta@sebi.gov.in....
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