"11 March 2020" Archive

No deduction for education expenses incurred prior to set up of business

Shri Harshvardhan Johari Vs DCIT (ITAT Jaipur)

Assessee-sole proprietor was not eligible for a tax deduction for his own education expenses as the same could not be treated as business expenses and the point in time when the expenditure was incurred, the business of the assessee was not set up. ...

Read More

Relevant date of which GSTR-2A is used to calculate Restriction on ITC of 10%

Circular No. 123/42/2019– GST (11/03/2020)

Relevant date of which GSTR-2A is used to calculate Restriction on Input tax credit of 10% FORM GSTR-2A being a dynamic document, So the question arise here is that what would be the amount of input tax credit that is admissible to the taxpayers for a particular tax period in respect of invoices/debit notes whose […]...

Read More

Exemption to Banking Compares from Section 5 & 6 of Competition Act, 2002

Notification No. S.O. ........... (E) (11/03/2020)

In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government hereby exempts a Banking Company in respect of which the Central Government has issued a notification under Section 45 of the Banking Regulation Act, 1949 (10 of 49), from the application of the provisions of S...

Read More

Amendment in Rights and Obligations of Stock Brokers and Clients’

Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/33 (11/03/2020)

In case, client opts to receive the contract note in electronic form, he shall provide an appropriate email id (created by the client) to the member (Kindly refer Appendix A of Annexure 3). Member shall ensure that all the Rules / Business Rules / Bye-Laws / Circulars issued from time to time in this regard are complied with. The client s...

Read More

The Best Online Brokers in Asia

Online trading is associated with many benefits that it’s something everyone with a little extra money should consider. Traditional investments are also beneficial and should not be ignored, but by combining investments with online trading, you will be able to take advantage of many more opportunities. Despite this, many are still scept...

Read More
Posted Under: Income Tax |