"08 June 2020" Archive - Page 5

HC restrains schools from charging additional fee for online classes

As per the guidelines of MHA, the schools, colleges & coaching institutes were closed down because of the COVID pandemic. In order to impart uninterrupted study, the schools were constrained to conduct online classes. Some schools started levying & insisting for payment of additional fees for the conduct of such online classes....

Read More
Posted Under: Corporate Law |

New GST Returns – ‘Complexity with simplicity’ (Part-I)

Many of us are confused with New GST Returns forms, but it’s not so confusing if we differentiate Old Returns with New GST Returns, let’s look after one by one for easy learning without any delay. A) What we have in Old Return? B) What we have in New Return? C) What is the most […]...

Read More
Posted Under: Corporate Law |

Recent Changes and Benefits to MSME

MSME History ♣ Support measures for Micro, Small & Medium Enterprises are contained in the 2 Acts and notifications issued: ‘The Industries (Development & Regulation) Act, 1951’ & ‘The Micro, Small and Medium Enterprises Development Act, 2006’ Need for MSME division Under Industries (Development &...

Read More
Posted Under: Corporate Law |

Non-rejection of explanation in Assessment Order amounts to acceptance: SC

ACIT Vs Marico Ltd. (Supreme court)

The non-rejection of the explanation in the Assessment Order would amount to the Assessing Officer accepting the view of the assessee, thus taking a view/forming an opinion....

Read More

All about ITR filing for AY 2020-21

The CBDT has notified the Income Tax Return (ITR) Forms 1 to Form 7 vide notification number 329(E) dated 28th May 2020 for the assessment year (AY) 2020-21. However, the income tax return filing is currently available only for ITR 1 and ITR 4 whereas others will be available shortly. ITR-1: The ITR 1 form […]...

Read More
Posted Under: Corporate Law |

Compliances to be done by NBFCs whose assets size is below 100 Crores

NBFCs are registered under the companies act, 2013/1956 and are engaged in the business of loans and advances, acquisition of shares/stock/bonds, debentures and securities issued by government. NBFCs are the financial institutions which function according to set of rules and regulations prescribed by the Reserve Bank of India (RBI). Furth...

Read More
Posted Under: Corporate Law |

Aspects of right issue under Companies Act, 2013

What if your company requires funds/capital to transact any business activity? The best and simplest way to introduced capital in the Company is by way of right issue of shares. In simple language, Right issue is a right or a preference given to existing shareholders while issuing shares of the Company as compared to others. […]...

Read More
Posted Under: Corporate Law |

Service by NSDL to depository participants liable to Service Tax

National Securities Depository Ltd. Vs Commissioner of Service Tax (CESTAT Mumbai)

Services provided by NSDL to depository participants are aptly of 'provision and transfer of information and data processing', classifiable under (vii) of Banking and Financial Services as defined under Section 65(12) of Finance Act, 1994;...

Read More

Section 56(2)(vii)(b) cannot be Invoked in case of Agricultural Land

Sh. Prem Chand Jain Vs ACIT (ITAT Jaipur)

The issue under consideration is whether the provisions of section 56(2)(vii)(b) can be invoked in case of agricultural land where it doesn’t qualify as falling in the definition of capital asset?...

Read More

HC quashes Ex-Parte order passed without hearing petitioner during Covid-19 Pandemic

Remankhan Belin Vs State of Gujarat (Gujarat High Court)

It is an admitted position that the impugned order dated 14.5.2020 is passed without hearing the petitioner and only on the short ground, the impugned order dated 14.5.2020 is hereby quashed and set aside and the authorities concerned shall pass a fresh order on merits without being influenced by the order impugned after giving an opportu...

Read More

Search Posts by Date

June 2022
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930