GSTR-2A Business to Business (B2B) Consolidated Percentage Wise Report Utility in Excel Format helps you in merging All GSTR2A Excel Sheet & Prepares the Percentage Wise Report. Please note Form GSTR-2A is a system generated ‘draft’ Statement of Inward Supplies for a receiver taxpayer. It is auto-populated from the Form GSTR-1/5, Form GSTR-6 (ISD), Form […]
Ministry of Corporate Affairs (MCA) vide its notification dated 22.01.2019 has notified amendment in the Companies (Acceptance of Deposits) Rules 2014 and a new sub–rule 16A(3) was inserted which read as follows: “Every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not […]
Explore the ITAT Bangalore case Ananda Social & Education Trust vs ACIT. Analysis of MBBS Management Quota fees suppression and legal conclusions. Learn more.
CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20. Also Read- Rule 12 of Income Tax Rules wef 29.05.2020 | ITR | AY 2020-21 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) […]
The current times have witnessed great economic turmoil in the country owing to the COVID-19 outbreak. Measures taken by the Government to contain the spread of this virus has had its own repercussions one of the major ones being difficulty in normal functioning of companies. This has in turn posed a situation where in almost […]
As per Section 25(2) of CGST Act 2017, A person seeking registration under this Act shall be granted a single registration in a State or Union territory: Provided that a person having multiple business verticals in a State or Union territory may be granted a separate registration for each business vertical, subject to such conditions […]
MCA has notified vide Notification No. G.S.R. 313(E) 26/05/2020 that contribution to ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ will fall under CSR Activities wef 28th March 2020. Article analyses CSR Provisions and related amendments in view of Pandemic Covid-19. (i) Corporate Social Responsibility (CSR) The corporate beyond making […]
LLP (Limited Liability Partnership) a perfect blend of Company and Partnership Firm though having less compliances as compared to Company still needs to be taken care off. If Ignored, Penalty meter of late statutory fees will rise.
Compensation received in respect of non agricultural land which has been exempted from levy of income-tax vide section 96 of the RFCTLARR Act shall also not be taxable under the provisions of income-tax Act, 1961 even if there is no specific provision of exemption for such compensation in the Income-tax Act, 1961
The issue under consideration is whether A.O. is correct by adding long term capital gains by applying section 50C in case where land is transferred by the partner in his firm as capital contribution?
