"15 March 2020" Archive - Page 2

Dues of secured creditor have preference over Crown debts: SC

Connectwell Industries Pvt. Ltd. Vs Union of India (Supreme Court)

Connectwell Industries Pvt. Ltd. Vs Union of India (Supreme Court) It is trite law that, unless there is preference given to the Crown debt by a statute, the dues of a secured creditor have preference over Crown debts. Rule 2 of Schedule II to the Act provides for a notice to be issued to the […]...

Read More

STRATEGIC USE OF TECHNOLOGIES – AI & ML for Professionals

STARTEGIC USE OF TECHNOLOGIES – AI and ML for Professionals- By CS Haresh Jani and CA Vikram Pandya & ANALYSIS OF IMPACT OF TECHNOLOGY ON PROFESSIONALS By CS Amita Desai CS Haresh Jani initiated the session at IMC organized by Manoyog GRC Advisors Private Limited. He explained in brief the advantages and use of Technology. […...

Read More
Posted Under: Income Tax |

Satisfaction Of Charge, Satisfied More Than 300 Days

What is Charge? As per sec 2(16) “charge” means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage. Section 77 of Companies Act, 2013, deals with Registration of Charge Any company creating charge should register the particulars with […]...

Read More
Posted Under: Income Tax |

Outcome of 39th GST Council Meeting held on 14th March 2020

The GST Council in its 39th meeting held on 14th March 2020 at New Delhi discussed and approved: (i) certain amendments in the GST Law and procedures; (ii) Changes related to GST Rates; and (iii) Recommended IT Roadmap   I. Recommendations on IT Roadmap – A presentation was made by Mr. Nandan Nilekani on behalf […]...

Read More
Posted Under: Income Tax |

Procedure for change of name by NBFC in India

Article contains Procedure for change of Name for company in India (Including NBFC), Action required to be taken after getting new certificate of incorporation post name Change of Company and Specimen of Resolutions and RBI Letters for change of name by NBFC in India....

Read More
Posted Under: Income Tax |

9 Key Highlights of 39th GST Council Meeting

Key Highlights of 39th GST Council Meeting – 14th March, 2020 1. Current return filing system: GSTR-1, GSTR-3B continue till 30th September, 2020. New return filing deferred till 30th Sept, 2020. 2. E-invoicing: E-invoicing Extended till 01st October, 2020. Exempted certain classes of persons from generating E-invoicing. 3. Interest...

Read More
Posted Under: Income Tax |

CBHFL Invites Applications for Empanelment as Concurrent Auditors

CBHFL invites application for empanelment as Concurrent Auditors for its Branches at Surat, New Delhi, Bangalore, Indore, Jaipur from Partnership or Proprietorship firm of Chartered Accountant of at least 1 year of vintage or retired officers of Public Sector Banks (PSBs) who retired in Scale III or above and had experience in Branch Mana...

Read More
Posted Under: Income Tax |

TCS on sale of Motor Vehicles and goods or services

The existing provision of section 206C of the Act, inter alia, provides that the seller shall collect tax at source at specified rate from the buyer at the time of sale of specified items such as alcoholic liquor for human consumption, tendu leaves, scrap, mineral being coal or lignite or iron ore, bullion etc. in cash exceeding two lakh ...

Read More
Posted Under: Income Tax |

Exemption from PAN furnishing U/s. 206AA to non-resident

In order to reduce compliance burden, it is proposed to amend the said section 206AA so as to provide that the provisions of this section shall also not apply to a non-resident, not being a company, or to a foreign company, in respect of any other payment, other than interest on bonds, subject to such conditions as may be prescribed....

Read More
Posted Under: Income Tax |

No capital gains tax liability on firm U/s. 45(4) on retirement of its partner

As is well-known in income-tax circles, there continues to be a lot of controversy about the interpretation of the provisions of section 45(4) of the Income-Tax Act, 1961 (the Act). Under section 45(4) of the Act, capital gains tax is sought to be charged on a firm in case of transfer of a capital asset and distribution of capital assets,...

Read More
Posted Under: Income Tax |

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930