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Archive: 08 October 2020

Posts in 08 October 2020

Various Aspect of GSTR-10 (Final Return)

October 8, 2020 7827 Views 11 comments Print

1. What is GSTR-10? GSTR-10 is the final return (Statement of Stock held at the time of Cancellation) to be submitted by the Taxpayers who has cancelled their registration by applying form REG-16 on GST Portal or ‘Suo Moto’ cancelled by the Department. 2. Latest Update on GSTR-10 waver of late fee: as per Notification […]

Once quantum addition deleted, penalty u/s. 271(1)(c) has no legs to stand

October 8, 2020 4305 Views 0 comment Print

ACIT Vs Thermax Limited (ITAT Pune) Revenue has not doubted the genuinity of the return filed by the assessee and has not said that the particular of expenses claimed in the return were not correct. The expenses were claimed and quantum additions have been upheld by the Tribunal. However, in the separate proceedings of penalty […]

Is Man The Master of His Own Destiny or Fate?

October 8, 2020 6264 Views 5 comments Print

When I was taking one of the classes for the MBA (Finance) students, I was asked a question by a curious student. He asked me, ‘Sir, can we make our own destinies?’. I said that it was a very good thought-provoking question to be pondered over. I asked the other students whether anyone knew the […]

Arbitrage Funds-Safe & Most Tax Proficient Investment tool for Contingent Funds

October 8, 2020 1491 Views 0 comment Print

Meaning, Modus operandi, and SEBI mandate of Arbitrage Funds  Arbitrage is the process of simultaneous buying and selling of financial instruments from different platforms, exchanges, or locations to cash in on the price difference (usually small in percentage terms). While getting into an arbitrage trade, the quantity of the underlying asset bought and sold should […]

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