"23 May 2020" Archive

Admission in Balance Sheet – Mere Statutory Compliance or Admission of Debt?

V. Padmakumar Vs. Stressed Assets Stabilisation Fund (SASF) & Anr. (NCLAT)

Recently, a three judge bench of NCLAT in V. Padmakumar vs. Stressed Assets Stabilisation Fund (SAFS) & Anr. considered the issue that ‘whether admission of debt in balance sheet would amount to acknowledgement of debt which would further amount to extension of period of limitation as per Section 18 of the Limitation Act, 1963 (Limitati...

Read More

GST on Director Remuneration- Analysis of ruling by Rajasthan & Karnataka AAR     

The taxability of director remuneration under GST law should be determined on the basis of appointment terms, copy of agreement between director & company, principle of whether a director is employee or not, details of statutory deduction such as PF, ESI, and TDS etc....

Read More
Posted Under: Corporate Law |

Webinar on GST Audit, Notices from GST Dept & Reply to such notices

NEW DATES FOR 2 Day Web Series on GSTAM (GST Audit Manual) issued by CBIC &Various Notices & Orders received from the GST Department across India and how to prepare for or reply to such notices Tax Guru in association with Tax Connect is Organizinga 2 Day Series for discussions on GSTAM (GST Audit Manual) […]...

Read More
Posted Under: Corporate Law | ,

Reopening of assessment without bringing any fresh material on record is not justified

Chordia Buildcon Pvt. Ltd. Vs DCIT (ITAT Jaipur)

Chordia Buildcon Pvt. Ltd. Vs DCIT (ITAT Jaipur) The issue under consideration is whether the action taken by the AO u/s 147 r.w.s 148 is justified in law? The case of assessee was originally selected for scrutiny and a detailed questionnarie was issued alongwith notice u/s 142(1). The AO asked specific queries with regard to […]...

Read More

HC justifies addition of interest related to transaction with related party done with intention of deliberate tax evasion

Yenepoya Resins & Chemicals Vs DCIT (Karnataka High Court)

It has also been held that the appellant has deliberately created an artificial and colourable devise for reducing its income offered for taxation through an arrangement of letter of credit and thus, the deduction claimed by the assessee on account of interest paid to the bank and also to its creditors are not allowable....

Read More

Analysis of SEBI (LODR) Regulations, 2015

Analysis of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 i.e. SEBI (LODR) Regulations, 2015 Introduction LODR is one of the most important regulation mandated by Securities and Exchange Board of India to enable transparency and fair disclosures by all listed entities in India. Under regulation 30 of SEBI (Lis...

Read More
Posted Under: Corporate Law |

Section 45(2) not apply on Land transferred by partner as capital contribution recorded as stock-in-trade in books of firm

ITO Vs Shri Mahendrabhai D. Zalavadia (ITAT Rajkot)

ITO Vs Shri Mahendrabhai D. Zalavadia (ITAT Rajkot) The issue under consideration is whether section 45(2) will be applicable in situation where Land transferred by partner as capital contribution recorded as stock-in-trade in the books of firm? In the given case, ITAT state that the impugned land was transferred by the partners to the fi...

Read More

Depreciation Calculator | Schedule II | Companies Act 2013

Calculator for Depreciation under Schedule II (upto F.Y. 2020-21) I am sharing with you an exclusive Calculator for working Depreciation on the Property, Plant & Equipment (hereinafter referred to as “PPE”) of the Companies in accordance with the Schedule – II under the Companies Act, 2013. This calculator is updated till F.Y. 2...

Read More
Posted Under: Corporate Law |

How to Correct or Check Export Invoice Details with ICEGATE for Quick Refund under GST (With Payment Tax)

Many of us have issue with Export Refund not getting credited to our Bank account, even if we have correctly filed all required data in our GSTR 1, GSTR 3B and also with Custom, Then why we are not getting Refund ?? > What are Reasons for this type of Issue? > What are the […]...

Read More
Posted Under: Corporate Law |

Holding of AGM via Video Conferencing under Companies Act, 2013

Clarification on holding of agm through video conferencing (Vc) or other audio visual means (OAVM) Due to the threat of COVID – 19, there is a restriction on the movement of persons from one place to other in the country. Several Representations have been received in the ministry for providing relaxations in the provisions of […]...

Read More
Posted Under: Corporate Law |

Search Posts by Date

April 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930