Though as a Company or a Firm you are required to file a return irrespective of whether you have income or losses. In cases where a person (an individual) has Loss under the head ‘Income from House Property’ or loss under the head ‘ Profits & Gains of Business or Profession’ ‘Capital Gains’ or losses from ‘Income from Other Sources’. Such losses may be allowed to be carried forward and set off (upon fulfillment of certain conditions) provided a Return has been submitted by you in time.
ATF requested for Extension of due date for filing GSTR-9/9A & GSTR-9C for F.Y. 2017-18 as due to System Problems, members were not able to file GSTR-9/9A & GSTR-9C for F.Y. 2017-18.
The issue under consideration is whether the re-opening of assessment is justified if it is based on the similar issues and evidences which have been already considered in original assessment?
The Union Finance Minister of India, Nirmala Sitharaman presented the Finance (No. 2) Bill, 2019 in the Lok Sabha proposing several amendments and insertions in the Income Tax Act, 1961. The Bill received the President’s assent and has come into force from 1st September, 2019. This amendment provides for some major changes in the ongoing […]
Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks shall continue to be serviced by the respective insurance companies which issued the policies till the end of policy period. The insurance companies shall make suitable arrangements with the acquiring banks to this effect.
In re Lakhpat Trading & Industrys Pvt Ltd (GST AAAR Rajasthan) What is HS code and GST rate of Copra other than of seed quality, Coconuts, fresh or dried, whether or not shelled or peeled and Desiccated coconuts? Coconuts, fresh or dried, whether or not shelled or peeled fall under heading 0801 and attract Nil […]
a. Norms for composition of IPF Trust, as provided in Clause 3(i)(4) of SEBI circular dated February 23, 2017, are uniformly applicable across Exchanges and Depositories. b. The functions of IPF Trust, as prescribed in Clause 3(i)(4) of SEBI circular dated February 23, 2017, shall be applicable only to Exchanges.
CBDT further amends Income Tax jurisdiction vide Notification No. 05/2020-Income Tax dated 28th January, 2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES Notification No. 05/2020-Income Tax New Delhi, the 28th January, 2020 S.O. 388(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, […]
Appointment of Common Adjudicating Authority by DGRI vide Notification No. 9/2020-Customs (N.T./CAA/EXTENSION/DRI) Dated 28.01.2020. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 9/2020-Customs (N.T./CAA/EXTENSION/DRI) New Delhi, dated the 28th January, 2020 S.O.447(E). – In exercise of powers conferred upon by first […]
Appointment of Common Adjudicating Authority by DGRI vide Notification No. 8/2020-Customs (N.T./CAA/EXTENSION/DRI) Dated 28.01.2020. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 8/2020-Customs (N.T./CAA/DRI) New Delhi, dated 28th January, 2020 S.O.446(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide […]
