Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
In common parlance, Capital can be defined as wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing. As per Section 2 (84) of the Companies Act, 2013 shares mean a share in the share capital of a […]
Article explains Provisions related to Deposit under Companies Act 2013, Meaning of Deposit, Reason for introducing provisions relating to deposits in Companies Act, Difference Between a Loans and Deposits under Companies Act 2013, Provisions related to Accepting of Deposits from Members and Provisions related to Invitation of Deposits from Public under Companies Act 2013. What […]
Let us examine two latest Judgements decided by The High Court of Judicature at Bombay dated 22nd January 2020 and 29th January 2020 involving facts where assessing officers invoked section 68 of the Income Tax Act 1961 while making additions to the returned income. What is section 68 of the Income Tax Act 1961 and […]
Treatment of Performance Bonus under Section 10(13A) of the Income Tax Act 1961. In the case of Sudip Rungta Vs DCIT (ITAT Kolkata) ; ITAT No. 2370/Kol/2017 ; Date of Pronouncement: 10/01/2020 In the above order the ITAT has discussed and decided that performance bonus cannot be treated as salary for the purpose of calculation […]
Supply includes all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. Schedule-I: Activities to be treated as supply even if made without consideration Supply […]
The Notification No. 44 dated 31.01.2020 is amended to the extent that the items such as Surgical Masks/Disposable Masks (2/3 Ply) and all Gloves except NBR Gloves are allowed freely for export. However, export of all other Personal Protection Equipment including N-95 and other Personal Protection Equipment accompanying Masks and Gloves not specified in the […]
Learn about the penalty provisions of section 271FA of the Income Tax Act and understand the consequences of failing to furnish the statement of financial transactions or reportable account.
Q.1 Who are going to be benefitted from this scheme? Ans. Every person, to whom demand is raised and who has filed the appeal before the CIT(A), High Court or Supreme Court and such appeal is pending on 31st Jan 2020. Q.2 When is this scheme going to be implemented and what is the last […]
TDS on E Commerce Transactions under Section 194O with effect from 01st April 2020 Are you planning to start selling your products or providing service on e-commerce platforms or Are you E commerce participant i.e. currently selling your products or providing services on e-commerce platforms? If your answer is yes, then this article will be […]
Article on SEBI’s Circular dated January 22, 2020 on Streamlining of Fines for Non–Compliance of LODR by listed entities & Standard Operating Procedure (SoP) for Suspension and Revocation of Trading of Specified Securities A. BACKGROUND: 1. As per SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (“LODR”), the Stock Exchanges used to impose fines for […]
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