"03 April 2020" Archive

Section 10(7) Perquisites/allowances exemption to Govt employees serving outside India

Exemption towards perquisites or allowances paid by the Government to its employees serving outside India Section 10(7) of the Income Tax Act exempts any perquisites / allowances which are paid or allowed, outside India, by the Government to its employees for providing services outside India. The current article explains the exemption pro...

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Posted Under: Income Tax |

Customs Measure to facilitate trade during lockdown period

Circular No. 17/2020-Customs (03/04/2020)

CBIC has decided to take certain measures for a temporary period in terms of section 143AA of the Customs Act, 1962 with a view to expedite Customs clearance of goods and for maintaining balance between Customs control and facilitation of legitimate trade....

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Booking of train tickets never stopped except for lockdown period

Rail Ministry of India has clarified on twitter that booking of reserved train tickets never stopped except for the lock down period from March 24 to April 14, 2020. CLARIFICATION A section of Media is reporting that Railways has resumed ticket booking from 15th April, which is not correct. It is clarified that booking of […]...

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Posted Under: Income Tax |

RBI Notifies Changes in Market Hours

Press Release: 2019-2020/2175 (03/04/2020)

The unprecedented situation created by the COVID-19 outbreak has necessitated lockdowns, social distancing, restrictions on movement of people and non-essential activities, work from home arrangements and business continuity plans....

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Exemption to continuous process industries from closure-COVID-19 

No. Cl 06 SPI 2020 (03/04/2020)

The Govt. of Karnataka in its order referred at (1) above has exempted certain category of industries to carry on their manufacturing activities keeping in view the importance of maintaining supply chain of essential commodities during lock down....

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ICSI Clarifies on applicability of Secretarial Standards on Meetings

THE INSTITUTE OF Company Secretaries of India  IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) 03.04.2020 Dear Professional Colleagues, Subject: Clarification/ Guidance on applicability of Secretarial Standards on Meetings of the Board of Directors ...

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Posted Under: Income Tax |

CIT (A) cannot admit additional evidences without calling remand report from AO

ITO Vs Manish Jeevan Bhaliya (ITAT Pune)

The appeal preferred by the Revenue. The issue under consideration is with regard to the bogus purchases conducted by the assessee and as per revenue CIT(Appeals) has erred in granting relief to the assessee without dealing specifically with the facts of the case and even not calling for any remand report from the Assessing Officer....

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No IGST liability on ocean freight and hence collected IGST will be refunded

Gokul Agro Resources Ltd. Vs Union of India (Gujarat High Court)

Gokul Agro Resources Ltd. Vs Union of India (Gujarat High Court) In the given case the HC have reached to the conclusion that no tax is leviable under the Integrated Goods and Services Tax Act, 2017, on the ocean freight for the services provided by a person located in a non-taxable territory by way of […]...

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No Section 2(22)(e) deemed dividend addition if lending was substantial part of business of company

PCIT Vs Mohan Bhagwatprasad Agrawal (Gujarat High Court)

No addition could be made by way of deemed dividend in case advances or loan made to a share holder by the Company in the ordinary course of business where lending of money was a substantial part of the business of the Company. ...

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No attachment of property acquired prior to commission of criminal or PMLA offence

Seema Garg Vs Deputy Director, Directorate of Enforcement (PMLA) (Punjab and Haryana HC)

Where property acquired could not be attached prior to the commission of a scheduled offence such as criminal offence or introduction of Prevention of Money Laundering Act (PMLA) unless the property obtained from the offence was held or taken outside the country....

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Delay in uploading of GST TRAN 1 due to technical glitches was justified

Rohan Dyes and Intermediates Ltd. Vs Union of India (Gujarat High Court)

Assessee should upload the form GST TRAN1 within a period of two weeks from the date of receipt of the writ of this order as the delay was due to technical glitches in the GST portal....

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Section 263 Revision not justified in case AO conducted proper enquiry

Dena Bank Vs PCIT (ITAT Mumbai)

Revision under section 263 by PCIT was not justified as all the four issues questioned by PCIT were thoroughly examined by AO during the assessment proceedings, and after considering relevant facts and explanations furnished by assessee had chosen to accept the claim of the assessee and hence, the same could not be termed as non considera...

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No demand of service tax could be fastened on construction of complex

Prakash Builders Vs Commissioner, Central Excise, Customs and Service Tax (CESTAT Delhi)

The definition of 'construction of complex' and a 'residential complex' continued to remain the same after 1 July, 2012 and, therefore, service tax liability could not have been fastened even after 1 July, 2012 under 'construction of complex'....

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Service tax is applicable on clubs or associations incorporated prior to 1st July, 2012

Principal Commissioner of Central Tax, GST Vs Indian Medical Association (Delhi High Court)

Principal Commissioner of Central Tax Vs Indian Medical Association (Delhi High Court) The issue under consideration is that whether service tax is applicable on clubs or associations incorporated prior to 1st July, 2012? The definition of “club or association” contained in Section 65(25a) makes it plain that any person or body of per...

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Income Tax Calculator from FY 2016-17 to 2020-21

Automated Income Tax Calculator from FY 2016 – 17 to 2020 – 21 in a single click under Old and New Tax Regime You can use 10 Employees Income Tax calculation & their monthly TDS details in a Single File under Free version You can Calculate 500 Employees Income Tax & their monthly TDS details […]...

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Posted Under: Income Tax |

How to e-File Form 15CA and 15CB

In this article we have discussed the procedure for e-filing of form 15CA and Form 15CB by remitter and Chartered Accountant using their digital Signature on e-filing website of Income Tax Department i.e. http://incometaxindiaefiling.gov.in...

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How to E-verify & know status of Income Tax Return filed online

There are two option to know your status of Income Tax Return filed online without digital signature or say Status of ITR-V sent by Post to Bangluru. Login on the Income Tax e-filing Portal www.incometaxindiaefiling.gov.in and follow the following steps...

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Duties of Person Deducting Tax at Source (TDS)

Deduct Tax at Correct Rate and deposit in Government Account, Electronic payment of taxes, Issue a TDS certificate, File Return/Quarterly Statement, Filing of Annual Return on Computer Readable Media, Quarterly statement of TDS...

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Tax on Capital gain on sale of Assets by Charitable Trust/NGO

The definition of income under section 2(24) includes Capital Gains and therefore for the purposes of section 11, Capital Gains should form part of the income and consequently it should be treated at par with any other income under section 11....

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Helpline Number – Income Tax department with FAQs

To assist taxpayers CPC has established Customer care helpline, a limited call center service at ITD-CPC, Bangalore for queries related to ITR-V Receipt Status, Refund /Refund re-issue, Rectification, Income tax /PAN/TAN, e-Filing of returns, e-Filing Login, Form 26AS and Form 16. ...

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Section 80G No deduction if donation in cash exceeds Rs. 2000

A new clause has been added to sub-section (5C) of Section 80G vide Finance Bill 2012 where no deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees, unless such sum is paid by any mode other than cash. As per the new sub-section (5D) to Section 80G any payment exceeding a sum of ten...

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Posted Under: Income Tax |

COVID-19 lockdown- ITAT begins regular interactive sessions

The Income Tax Appellate Tribunal (ITAT) has commenced today a series of Video Conferences involving regular interactive sessions to productively utilise the time available during the 21-day lockdown to tackle the COVID-19 pandemic....

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Posted Under: Income Tax |

Relax compliance of Regulation 76 of SEBI- ICSI to NSDl & CDSL

ICSI Request for relaxation from compliance with the provisions of Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018 to CDSL and NSDL....

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Posted Under: Income Tax |

CMA June 2020 examination -Studies & Exam related FAQs

What is the last date of filing application form for CMA June 2020 examination? Students willing to apply for CMA Foundation, Intermediate, and Final exams will now be able to fill their examination forms till April 20, 2020. Candidates will not have to pay any late fee....

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Posted Under: Income Tax |

TDS on Cash Withdrawal – Amendment In Section 194N

TAX DEDUCTION AT SOURCE ( TDS )  ON CASH WITHDRAWL ( Amendment in Sec 194N of the Income Tax Act, 1961 ) 1. The Finance Bill 2020 ( Bill) introduced vide Union Budget 2020-21 is passed by both Houses of Parliament, with few amendments  on 27th March 2020 and also received President’s assent . 2. […]...

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Posted Under: Income Tax |

Audit Evidence Protects the Auditor from Failure

Auditor’s are expected to provide an unbiased and objective opinion on the facts they have examined. Boards and shareholders expect that the Auditor’s opinion must be near precise, however, auditing standards prescribe that auditor’s opinion is reasonable and not absolute as the auditors are never able to scrutinize all accounting a...

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Posted Under: Income Tax |

Ind AS 33 EPS- Contingently returnable ordinary shares

This article specifically covers the details / point in time when the contingently returnable ordinary shares shall be included in calculation of Basic and Diluted Earnings Per Share (EPS) :  Definition :  1. Contingently issuable ordinary shares are ordinary shares issuable for little or no cash or other consideration upon the satisfac...

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Posted Under: Income Tax |

Advisory on Amendments in SVLDRS Module

Athrisory No. 2/2020 (03/04/2020)

The Designated Committee Members can issue SVLDRS Form-3 to the taxpayers on or before 31.05.2020. After 31.05.2020. Designate Committee Members will not able to issue SVLDRS Form-3, in any However, the Designated Committee Members will be able to issue Rectified SVLDRS Form-3 after 31.05.2020....

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9 FAQs on Limited Liability Settlement Scheme 2020

AN INTRODUCTION Ministry of Corporate Affairs (MCA) introduced a scheme which gives an opportunity to the Limited Liability Partnership(LLP) to make all its pending compliances (including annual filing) without any additional fees. This means that the Limited Liability Partnership(LLP) can file the pending documents with only normal fees ...

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Posted Under: Income Tax |

CFSS 2020- Opportunity to file Pending ROC Forms without Penalty

Opportunity For Defaulting Companies To File Pending Annual Statutory Documents / Forms And Other Documents / Forms Without Any Penalty AN INTRODUCTION Ministry of Corporate Affairs (MCA) introduced a scheme which gives an opportunity to the Companies to make all its pending compliances (including annual filing) without any additional fee...

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Posted Under: Income Tax |

CFSS 2020- The Fresh Start Amidst The Covid 19

There has been a lot of representation from the stakeholders before the Ministry of Corporate Affairs (‘MCA’) to provide a one-time opportunity to file all the pending documents including the Annual Filing of the Company without charging additional fees. In the wake of the coronavirus pandemic, MCA by exercising his power under sectio...

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Posted Under: Income Tax |

‘Evacuation of Ash Pond’ and its Transportation are not Cleaning activities and hence service tax not leviable

Blue Star Civil Engineering Company Private Limited Vs Commissioner of Central Excise (CESTAT Kolkata)

Blue Star Civil Engineering Company Private Limited Vs Commissioner of Central Excise (CESTAT Kolkata) The facts of the case are that the assessee M/s. Blue Star Civil Engineering Co. Pvt. Ltd. Mecheda was engaged in evacuation of ash pond for Durgapur Projects Ltd., Purba Medinipur Zilla Parishad, Rites Ltd. for railway and McNally Bhara...

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Clarification on issues under GST Law for companies under IBC, 2016

Clarification in respect of issues under GST Law for companies under Insolvency and Bankruptcy code, 2016 (IBC, 2016) As per IBC, once an entity defaults of payment to creditors, CIRP gets triggered and management of such entity removed by the NCLT. NCLT appointed IRP or RP and all management power assigned to the IRP and […]...

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Posted Under: Income Tax |

Limiting Turnover to 1.5 times for Refund under Zero rated supplies

Section 16 of IGST Act 2017 deals with Refund and Rule 89 explains the procedural and calculation of Refund. Sub rule (4) of Rule 89 explains the formula for calculation of Refund under Zero rated supplies without payment of tax. The formula for calculation of refund under Zero rated supply without payment of tax is […]...

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Posted Under: Income Tax |

Fall of The Giants – Corporate Governance Failures

The Indian Corporate landscape has come a long way. The Liberalization in 1991 paved the way for foreign companies to set up operations in the country. It has been greatly recognized that with the passage of time, the laws evolve; hence, in the same way the regulatory legal framework of companies has also matured. One […]...

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Posted Under: Income Tax |

LLPs and FDI in India

The concept of LLP, introduced in India through the Limited Liability Partnership Act, 2008 has become a popular form of business entity in India owing to its simplified procedures for registration and maintenance. LLPs allow many of the small and medium-sized to enjoy a separate legal entity, improve transferability and provide its promo...

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Posted Under: Income Tax |

Companies Fresh Start Scheme 2020: Golden Opportunity For Companies & LLP’s

Introduction & Brief Background: In line with its circular dated March 24, 2020, the Ministry of Corporate Affairs (‘MCA’) has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 and 13/2020 dated March 30, 2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403. I...

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Posted Under: Income Tax |

Change of Date of Birth of EPF/EPS members

No. WSU/37(1)2019/DOB (03/04/2020)

in case of a dispute in the date of birth, any of the following documents may be accepted as valid proof of date of birth: > Birth Certificate issued by the Registrar of Births and Deaths. > Any school/education related certificate. > Certificate based on the service records of the Central/State Government Organisations. > Any other ...

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Crux of Share Warrant 

Introduction A Share Warrant is a document issued by the company under its common seal, stating that its bearer is entitled to the shares or stock specified therein. Share warrants are negotiable instruments. They are transferable by mere delivery without registration of transfer. It is a negotiable instrument and mere delivery transfer...

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Posted Under: Income Tax |

DDT Abolition & TDS on dividend to Non-Resident Investors

Abolition Of Dividend Distribution Tax (DDT) – A Compliance Burdens When It Comes to TDS Of Non-Resident Investors Introduction:- Finance Act, 2020 has abolished DDT regime under which Dividends paid by Domestic Company were exempt in the hands of receivers (including Non-Residents). Thus now companies will be liable to deduct TDS under...

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Posted Under: Income Tax |

Company Law Fresh Start Scheme 2020- Applicability

MCA took an initiative to allow corporate to make a ‘Fresh Start’. A circular issued by MCA on 30.03.2020 for the benefit of all Companies. This Scheme starts from 01st April, 2020 to 30th September. Before this scheme company has to pay an additional fees in delay of the  filing the form mention below with […]...

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Posted Under: Income Tax |

Donation made to PM CARES Fund eligible for 100% deduction

The pandemic of COVID-19 has engulfed the entire world and has posed serious challenges for the health and economic security of millions of people worldwide. In India too, the spread of coronavirus has been alarming and is posing severe health and economic worries for our country. Keeping in mind the need for having a dedicated […]...

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Posted Under: Income Tax |

Company Law Compliance Calendar on regular filings for FY 2020-21

Compliance Calendar on regular filings for Financial Year (FY) 2020-21 under Companies Act 2013 Presenting on brief compliance Calendar on regular filings for financial year 2020-21 under Companies Act 2013, however, the same differs to each entity depending upon applicability of provisions and corporate actions undertaken by the company....

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Posted Under: Income Tax |

TDS on Cash Withdrawals -Section 194N

As it is evident that Government of India is continuously striving to discourage cash transactions and moving towards less cash economy, in this move a new section of TDS (Tax deducted at Source) 194N was introduced in income tax act through Finance act 2019. The provisions of new section were applicable from 1st September 2019.  [&helli...

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CBIC extends due date for furnishing GSTR-3B for May 2020 Month

Notification No. 36/2020-Central Tax [G.S.R. 236(E)] (03/04/2020)

CBIC extends due date for furnishing FORM GSTR-3B for supply made in the month of May, 2020 vide Notification No. 36/2020- Central Tax, dated 03.04.2020 Extended due date for filing of return in Form GSTR-3B in a staggered manner for the month of May, 2020 is  as under:- Class of Taxpayers Revised Due Date Registered […]...

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CBIC extends Due date of GST compliance & validity of e-way bills

Notification No. 35/2020-Central Tax [G.S.R. 235(E)] (03/04/2020)

Notification No. 35/2020- Central Tax, dated 03.04.2020– Notification under section 168A of CGST Act for extending due date of compliance which falls during the period from the 20th day of March, 2020 to the 29th day of June, to 30th day of June, 2020. Seeks to extend due date of compliance which falls during the […]...

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Due date to furnish CMP-08 & GSTR-4 extended for March Quarter

Notification No. 34/2020-Central Tax [G.S.R. 234(E)] (03/04/2020)

Notification No. 34/2020- Central Tax, dated 03.04.2020 -Extension of due date of furnishing statement, containing the details of payment of self-assessed tax in FORM GST CMP-08 for the quarter ending 31st March, 2020 till the 7th day of July, 2020 and filing FORM GSTR-4 for the financial year ending 31st March, 2020 till the 15th [&helli...

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List of Forms Eligible for Additional Fee Waiver Under Company Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020

List of Forms Eligible for Additional Fee Waiver Under Company Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020 The MCA vide its circular dated 30th March 2020 has issued Companies Fresh Start Scheme, 2020 to promote defaulting companies to make a fresh start on a clean slate and waive the additional fee as charged under sect...

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Posted Under: Income Tax |

Conditional waiver of late fee for delay in furnishing FORM GSTR-1

Notification No. 33/2020-Central Tax [G.S.R. 233(E)] (03/04/2020)

Notification No. 33/2020- Central Tax, dated 03.04.2020 -Notification under section 128 of CGST Act for waiver of late fee for delay in furnishing the statement of outward supplies in FORM GSTR-1 for taxpayers for the tax periods March, 2020 to May, 2020 and for quarter ending 31st March 2020 if the same are furnished on […]...

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Conditional waiver of late fee for delay in furnishing FORM GSTR-3B

Notification No. 32/2020-Central Tax [G.S.R. 232(E)] (03/04/2020)

Notification No. 32/2020- Central Tax, dated 03.04.2020- Notification under section 128 of CGST Act for waiver of late fee for delay in furnishing returns in FORM GSTR-3B for the tax periods of February, 2020 to April, 2020 provided the return in FORM GSTR-3B by the date as specified in the Notification. Seeks to provide relief […]...

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Lower GST interest Rate only on timely filing of FORM GSTR-3B

Notification No. 31/2020-Central Tax [G.S.R. 231(E)] (03/04/2020)

Notification No. 31/2020- Central Tax, dated 03.04.2020- A lower rate of interest of NIL for first 15 days after the due date of filing return in FORM GSTR-3B and @ 9% thereafter is notified for those registered persons having aggregate turnover above Rs. 5 Crore and NIL rate of interest is notified for those registered […]...

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GST Composition Scheme for FY 2020-21 can be opted till 30.06.2020

Notification No. 30/2020-Central Tax [G.S.R. 230(E)] (03/04/2020)

Notification No. 30/2020- Central Tax, dated 03.04.2020- Amendment in the CGST Rules so as to allow taxpayers opting for the Composition Scheme for the financial year 2020-21 to file their option in FORM CMP-02 till 30th June, 2020 and to allow cumulative application of the condition in rule 36(4) for the months of February, 2020 [&hellip...

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Opting Legal Lowest tax liability alternative not amounts to Tax Evasion

Nanavati Constructions Vs DCIT (ITAT Mumbai)

If the taxpayer was in a position to carry a transaction in two alternative ways, one of which would result in lower tax liability, the assessee would be at liberty to choose that particular method.  Pursuant to the terms of both the agreements, the transactions had been carried out and assessee as well as other 6 persons had offered the...

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Posted Under: Income Tax |

60% depreciation was allowable on ATM machines

Financial Software and Systems Pvt. Ltd. Vs DCIT (ITAT Chennai)

Higher rate of depreciation was allowable on ATM machines as these machines was to be treated as “Computers” for the purpose of Section 32 of the Income Tax Act, 1961....

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No detention of goods under GST for undervaluation in invoice

K. P. Sugandh Ltd. Vs State Of Chhattisgarh (Chhatisgarh High Court)

Under valuation of a good in the invoice could not be a ground for detention of the goods and vehicle for a proceeding to be drawn under Section 129 of the Central Goods and Service Tax Act, 2017 read with Rule 138 of the Central Goods and Service Tax Rules, 2017....

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Section 68 had no application when shares were allotted under a barter system

DCIT Vs Alishan Steels Pvt (ITAT Kolkata)

Section 68 had no application when the shares were allotted by the assessee-company under a barter system as the respective parties did not receive cash nor did pay any cash, there was no real credit of cash in the cash book and the question of inclusion of the amount of the entry as unexplained cash credit could not arise....

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Demanding increased enrolment fee by Bar Council of Gujarat was justified

Rajesh Manibhai Patel Vs Bar Council of Gujarat (Gujarat High Court)

On harmonious reading provisions of the Advocates Act, 1961 and the Bar Council of India Rules it was held that the increase in the rate of enrollment fees was properly and adequately justified and the provisions of both the Advocates Act, 1961 and the Bar Council of India Rules were not in conflict with each another and would prevail u...

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CBIC Clarifies GST Return due date extension and related issues

Circular No. 136/06/2020-GST (03/04/2020)

CBIC Clarification in respect of various measures announced by the Government for providing relief to the GST taxpayers in view of spread of Novel Corona Virus (COVID-19) vide Circular No. 136/06/2020-GST dated 3rd April, 2020. Circular No. 136/06/2020-GST CBEC-20/06/04-2020 -GST Government of India Ministry of Finance Department of Reven...

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Interest expenditure for expansion of business was allowable as revenue expenditure

CIT Vs Nirma Ltd (Gujarat High Court)

Expenditure incurred on soda ash project interest expenses and lab project interest was allowable and it was not pre-operative expenditure of interest by way of revenue expenditure as it was for an expansion of the existing business....

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ICAI Facility to Pay Membership/COP Fee for Upto 10 years

As you are aware with the advent of new Financial Year, your Membership fee and Certificate of Practice (COP) fee for the year 2020-21 has become due and I am pleased to inform that from 01st April 2020, members are allowed to pay advance Membership and/or COP fee for a period up to maximum 10 years along with GST at the rate determined a...

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Posted Under: Income Tax |

Form 15G & 15H submitted for FY 2019-20 would be valid up to 30.06.2020

F. No. 275/25/2020-IT(B) (03/04/2020)

To mitigate the hardships of small taxpayers, it has been decided that if a person had submitted valid Forms 15G and 15H to the Banks or other institutions for F.Y. 2019-20, then these Forms would be valid up to 30.06.2020. This will safeguard the small tax payers against TDS where there is no tax liability […]...

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Lower/nil rate of TDS/TCS applications to be disposed liberally by 27.04.2020

F. No. 275/25/2020-IT(B) (03/04/2020)

In case of pending applications for lower/nil rate of TDS/TCS for F.Y. 2019-20, the Assessing Officers have been directed to dispose off the applications through a liberal procedure by 27.04.2020, so that the taxpayers may not have to pay extra tax which may cause liquidity issues to them. F. No. 275/25/2020-IT(B) Government of India Mini...

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Rupee Drawing Arrangement – Remittance to PM-CARES Fund

RBI/2019-20/208 A. P. (DIR Series) Circular No. 28 (03/04/2020)

RBI permitted receipt of foreign inward remittances from non-residents through non-resident exchange houses in favour of the ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund’,subject to the condition that AD Cat-I banks shall directly credit the remittances to the Fund and maintain the full det...

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List of 76 forms allowed to be filed under CFSS-2020 & LLPSS-2020

List of 76 forms which can be filed with MCA under Fresh Start Scheme, 2020 (CFSS -2020) and Modified LLP Settlement Scheme, 2020 (LLPSS-2020) and which are eligible for additional fees waiver. MCA has released a list of 76 forms which  will be allowed to be filed with MCA under Fresh Start Scheme, 2020 (CFSS […]...

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Posted Under: Income Tax |

CFSS -2020 & LLPSS-2020- List of Forms, FAQs, Clarifications 

Fresh Start Scheme, 2020 (CFSS -2020) and Modified LLP Settlement Scheme, 2020 (LLPSS-2020)- Golden Opportunity to clean the slate. List of Forms and certain FAQs/ Clarifications  This Scheme is for Defaulting Companies who have failed to file the Forms, Returns, Statement or Documents with Ministry of Corporate Affairs. You may say that...

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Posted Under: Income Tax |

TCS provisions applicable from 01.10.2020 – Detailed Analysis

As we all are aware that Finance Act, 2020 has come up with new insertion of TCS Provisions of Section 206C(1G)(a) – TCS on foreign remittance through Liberalised Remittance Scheme (LRS), Section 206C(1G)(b) – TCS on selling of overseas tour package and Section 206C(1H) – TCS on sale of any goods [except goods on which [...

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Posted Under: Income Tax |

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