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Archive: 23 August 2020

Posts in 23 August 2020

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

July 1, 2024 2352 Views 0 comment Print

Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.

Section 80EE – Analysis of The Forgotten One

August 23, 2020 10179 Views 1 comment Print

The boon for the first time home buyers, the section 80EE has been reintroduced from FY 2016-17. According to which, the interest paid on loan for buying house property shall be allowed upto Rs. 50,000/-. The said deduction can be claimed over and above Rs. 2,00,000/- under section 24 and Rs. 1,50,000/- under section 80C. […]

जीएसटी रजिस्ट्रेशन के लिए नया नियम- इसमें भी व्यवहारिक समस्या है

August 23, 2020 10398 Views 3 comments Print

जीएसटी रजिस्ट्रेशन के लिए जो नया नियम आया है जिसमें  अपने रजिस्ट्रेशन के प्रार्थना पत्र के साथ आधार का वेलिडेशन करावाना है और यदि प्रार्थी  ऐसा नहीं करते हैं तो जीएसटी अधिकारी द्वारा आपके व्यवसाय स्थल का भौतिक सत्यापण आपकी उपस्तिथी में किया जाएगा. यह एक अच्छी सुविधा और नयी सुविधाजनक प्रणाली है और आयकर […]

Webinar on Intricacies of ITC with practical issues & solutions

August 23, 2020 13893 Views 1 comment Print

It is our extreme pleasure to inform you that TaxGuru is organising a Webinar on Intricacies of Input Tax Credit along with Discussion on Relevant Advance Rulings by a renowned speaker CA Sunnay Jariwala.

New Form 26AS – The Game-Changer In Income-Tax

August 23, 2020 10473 Views 9 comments Print

New Form 26AS – The Game-Changer In Income-Tax IMPLICATIONS TO ASSESSEES AND PROFESSIONALS IN THE FACELESS SCENARIO It seems to be a human trait not to divulge financial information to anybody outside their inner-circle.The experience of many tax professionals has been that similar restraint is observed by clients even in their consultations in tax affairs. […]

Is Tonnage Tax Scheme Restricted only for Companies Handling Cargo?

August 23, 2020 4593 Views 0 comment Print

IS TONNAGE TAX SCHEME RESTRICTED ONLY FOR COMPANIES HANDLING CARGO? It has been presumed by many that the benefit of Tonnage Tax Scheme (TTS) should only be restricted to companies with ships carrying on cargo handling activities. Since there are various other companies which are not handling cargo but are involved in moving men and […]

GST & Income Tax on Joint Development Agreement

August 23, 2020 23022 Views 1 comment Print

JOINT DEVELOPMENT AGREEMENT AND ITS TAXABILITY UNDER PROVISIONS OF THE GST ACT 2017 AND INCOME TAX ACT, 1961. A piece of land, carry various rights with it. An owner of a land has right to possess, right to easement, right to sale, right to rent, right to develop, right to sub-let, right to occupy and […]

7 Common Mistakes Investors do While Investing In Debt Funds

August 23, 2020 3471 Views 0 comment Print

In the recent times with the failures of payment on account of interest/principal on their bonds, debentures and other debt instruments issued by the large corporations i.e DHFL, Yes Bank, IL & FS, Reliance Home Finance Limited, Reliance Infrastructure Limited etc., resulting in the significant decline in NAVs of the Debt Mutual Funds, investors of […]

Types of Partners

August 23, 2020 49230 Views 0 comment Print

A partnership firm can have different types of partners with different roles and liabilities. It is important to know about the different types of partners for a clear understanding of their rights and responsibilities. Let us take a look at different types of partners.  1. Active or working partner: An active partner is the one who […]

GST on transfer of development rights and FSI

August 23, 2020 43824 Views 0 comment Print

What is Joint Development Agreement The joint development agreement is a contract between a landowner and a real estate developer to build a new project on the land of the owner. There are 2 types of agreement that may be entered into, they are Revenue sharing or Area sharing, sometimes it is partly revenue sharing […]

Confiscation & Penalties | Section 129 | CGST ACT 2017

August 23, 2020 3459 Views 0 comment Print

Simplified GST Series- Offenses & penalties/Section 130-131/CGST ACT 2017 Article explains Section 130-Confiscation of goods or conveyances and levy of penalty and Section 131- Confiscation or penalty not to interfere with other punishments. Section 130-Confiscation of goods or conveyances and levy of penalty- (1) Notwithstanding anything contained in this Act, if any person – (i) […]

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