Jain Shwetamber Murtipujak Sukrat Fund Kaoda Committee Vs. CIT (ITAT Indore) On perusal of the record we find that the assessee trust was incorporated in the year 1945 and even in the Permanent Account Number (PAN) allotted by the Income Tax Department the date of incorporation of the trust is 16.4.1945. The assessee has claimed […]
TCS to be Collected on Collection for the sale of goods from 01/10/2020. If Your turnover > 10 crore in FY 19-20 Here is my write up on TCS to be collected on Amount Received from SALE OF GOODS levied from 01-10-2020. It covers – How TCS on Goods will be collected? What rate in […]
THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 (12 OF 2017) AS AMENDED BY THE :- –THE CENTRAL GOODS AND SERVICES TAX (EXTENSION TO JAMMU AND KASHMIR) ACT, 2017 (NO. 26 OF 2017); –THE FINANCE ACT, 2018 (NO. 13 OF 2018); –THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 (NO. 31 OF 2018); –THE […]
Casual Vacancy of the Auditor means a vacancy which is unpredictable and caused due to death, resignation, disqualification etc. of and auditor. Appointment of Auditor in case of casual vacancy is regulated by Section 139(8) (i) of the Companies Act, 2013. According to Section 139(8)(i) of the Companies Act, 2013, any casual vacancy in the […]
Equalisation Levy was introduced in 2016 with the intention of taxing the digital transactions on certain non-residents businesses. It aimed at taxing business to business transactions. The levy was applied at a rate of 6% on certain specified services such as online advertisement and any provision for digital advertising space or any other facility or service for the purpose of online advertisement.
Documents/Information Checklist for Company Incorporation in India by Foreign national DOCUMENTS REQUIREMENT: -Photo; -PAN (in case of Indian National) -Passport- Identity Proof; -Voter ID/DL/Aadhar (in case of Indian National) -Bank Statement/Electricity/Gas/Telephone Bill (Not older than 2 months)-Residence Proof *Other Documents: -Form INC-9; -Subscriber Sheet of MOA (For Person Residing outside India); -Subscriber Sheet of AOA […]
Direct Remittance or D-Remit – an additional option to contribute – is now available for the Subscribers. D-Remit is an electronic system through which money can be transferred from Subscriber’s Bank account to the Trustee Bank directly. To use D-Remit, Subscriber is required to have a Virtual ID (Virtual Account). The introduction of the D-Remit […]
Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2020-21 (starting from 1st October ,2020 and ending on 31th December, 2020) shall remain unchanged from those notified for the second quarter of Financial Year 2020-21
The issue under consideration is whether service tax is applicable on income received from screening of movies for the annual film festival?
GMMCO Limited Vs Regional Provident Fund Commissioner (Madras High Court); The Madras High court held that is not possible to countenance the contention raised by the Learned Counsel for the Petitioner in W.P. No. 949 of 2020 that the decision of the Hon’ble Supreme Court of India in Surya Roshni Ltd. -vs- Employees Provident Fund […]
