c

"30 August 2020" Archive

FAQs on MCA notifications for web link of Annual Return

FAQs on MCA Notification for Web Link of Annual Return and Companies (Management & Administration) Amendment Rules, 2020 1. What are the effective dates of the amendment of Section 92(3) and the  Companies (Management and Administration) Amendment Rules, 2020? Ans. Both the notifications are effective from 28th August, 2020. 2. What ...

Read More
Posted Under: Company Law |

GSTR 2B, a new era of Reconciliation of Input Tax Credit

GSTN has enabled Form GSTR 2B in the GST Portal. The Taxpayer can log in with there login credentials then go to F.Y 20-21 for July 2020, the Form GSTR-2B is available on the Portal. The GST Council, in its 39th meeting held March 2020, had recommended to adopt and implement the incremental approach of […]...

Read More
Posted Under: Company Law |

SOP for limited physical hearing before Hon’ble Supreme Court

NA 30/08/2020

SUPREME COURT OF INDIA Standard Operating Procedure for limited physical hearing before Hon’ble Court In continuation of directions already notified regarding functioning of the Supreme Court of India, in the wake of the Covid-19 pandemic, more particularly through Circulars dated 14.03.2020 and 23.03.2020, and on consideration of the r...

Read More

Section 269SU: Banks to Refund charges received on or after 01.01.2020

Circular No. 16/2020-Income tax 30/08/2020

Banks are, , advised to immediately refund the charges collected, if any, on or after 1st  January 2020 on transactions carried out using the electronic modes prescribed under section 269SU and not to impose charges on any future transactions carried through the said prescribed modes....

Read More

CBIC Launches GSTR-2B (29th August 2020): Key Features

The government has decided to continue the existing GST (Goods and Services Tax) return filing system for the time being. The new GST return filing system with forms ANX-1, ANX-2, RET-1 and RET-2 as proposed by the government for the launch has been put on hold until further notice. In place of launching the new GST […]...

Read More
Posted Under: Company Law |

Cabinet Clears Introduction of Punjab GST (Amendment) Bill, 2020

CABINET CLEARS PROPOSAL FOR INTRODUCTION OF PUNJAB GOODS AND SERVICES TAX (AMENDMENT) BILL, 2020 FULFILLS DEMAND OF TAX PAYERS TO SIMPLIFY PROVISIONS AND PROCESSES FOR SMOOTH LEVY AND COLLECTION OF TAXES UNDER GST Chandigarh, August 25: The Punjab Cabinet on Tuesday approved the proposal for introduction of the Punjab Goods and Services T...

Read More
Posted Under: Company Law |

Practical understanding of effect of ITC in GSTR 9 for F.Y. 2018-19

Form GSTR-9 is an annual return to be filed by all registered taxpayers whose turnover is Rs. 2 crores or more. A taxpayer shall report all outward supplies, inward supplies, taxes paid, refund claimed, demands raised and ITC availed and utilized in Form GSTR-9. It has been observed that practitioners are facing many difficulties to [&hel...

Read More
Posted Under: Company Law |

Depreciation not Disallowable merely for Purchase of car in Personal Name

Desh Raj Arora Vs ITO (ITAT Delhi)

Whether the depreciation on car purchased by assessee can be disallowed only because the payment towards purchase of the same is made through his personal account?...

Read More

Section 153A Assessment Invalid if no Incriminating Material Found during Search

Shri Amit Arora Vs ACIT (ITAT Delhi)

The issue under consideration is whether the assessment u/s 153A can be considered as valid even if no incriminating material found during the course of search?...

Read More

Change Your Mindset

Everything depends on our mindset. Whatever happens with us is the result or outcome of our mindset only. Therefore change your mindset first. If you want fit physically, mentally, emotionally you have to work on your mindset first. It works like an antibiotic pre-disease and after disease. If you have ‘O’ as Opportunity and ‘O’ [...

Read More
Posted Under: Company Law |

Search Posts by Date

January 2022
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31