National Association of Tax Professionals (Haryana Chapter) submitted a representation to The Central Board of Direct Taxes requested for Extension of Date of Filling of ITR and Audit Report. From: National Association of Tax Professionals (Haryana – Chapter) SCO-409,First Floor Mugal Canal, Karnal Haryana 5th, September, 2020. To, The Chairman, The Central Board of Direct […]
Representation on Goods and Service Tax (‘GST’) issues and hardships faced by taxpayers on certain issues- Returns should be allowed to be filed without payment of tax.
Representation for relaxation from levy of interest u/s. 234A on payment of self-assessment tax for A.Y. 2020-21 within extended due date of 30 November 2020
All circulars for conducting AGM EGM through VC AGM/EGM VC/OVAM 01. MCA ALLOWS COMPANIES TO HOLD EXTRAORDINARY GENERAL MEETINGS (EGMS) THROUGH VC OR OAVM [General Circular No. 14/2020] The Ministry of Corporate Affairs on 8th April, 2020 has issued a General Circular No. 14/2020 allowing companies to hold Extraordinary General Meetings (EGMs) through video conferencing (VC) or […]
Minutes of Board Meetings and Committee Meetings The Minutes of Meetings of the Board and any Committee thereof can be inspected by the Directors. A Director is entitled to inspect the Minutes of a Meeting held before the period of his Directorship. A Director is entitled to inspect the Minutes of the Meetings held during […]
As per Section 165(1) of Companies Act, 2013 No person shall hold office as a director, including any alternate directorship, in more than 20 Companies at the same time. Provided that the maximum number of public companies in which a person can be appointed as a director shall not exceed 10. Points to be consider: […]
Provisions- Establishment of Vigil Mechanism As per Sec. 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 -Every listed company or -The Companies which accept deposits from the public or -The Companies which have borrowed money from banks and public financial institutions in […]
The most ignored transaction from the transfer pricing perspective is the reimbursement of expenses. However, with the increasing complexity of modern business, it is important for us to properly understand the transaction relating to reimbursement of expenses and understand its benchmarking from an Indian Transfer Pricing perspective. Before starting with the issue of reimbursement of […]
CBT notifies undertaking of Softzone Tech Park Ltd as industrial park under section 80IA of Income Tax Act, 1961 vide Notification No. 72/2020-Income Tax dated 8th September, 2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 72/2020-Income Tax New Delhi, the 8th September, 2020 S.O. 3035(E).—Whereas the Central Government in […]
Ashokbhai Chinubhai Bharwad Vs ITO (ITAT Ahmedabad) The assessee has shown his share of sale consideration at Rs.81.00 lakhs being 25% share. The AO further found that sub-Registrar, Ahmedabad City Taluka had valued the property for the purpose of stamp duty payment at Rs.5,24,83,000/- as against sale consideration shown by the assessee at Rs.3,24,00,000/-. Therefore, […]
