ITAT Delhi rules on capital gains vs. business income in Amit Kumar Dey’s case. Details on bonus shares, sale transactions, and CBDT Circular 13.12.2005.
Result Analysis of The Institute of Cost Accountants of India Examination held in December 2020 (Intermediate and Final) Intermediate Examination held in December 2020 The details of percentage of the candidates passed in the above said examinations are given below: Intermediate Examination held in December 2020 Candidate appeared for No of candidate appeared No of […]
Office Order No. 83 of 2021 Consequent upon approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Principal Chief Commissioner of Income Tax (Pr. CCIT) (level 17 in the pay matrix Rs. 2,25,000/-) for the panel year 2021 on in-situ basis with immediate effect or w.e.f. the date of assumption of the charge of the post by them, whichever is later:
Keeping in view of practical difficulties in submission of bills/claims for purchases made particularly in late hours of 31st March, 2021(including on-line purchases), it is clarified that submission of bills/claims may be entertained and settled by Ministries/Departments not later than 30th April However, it is reiterated that the payment for the purchases should be made not later than the due date i.e. 31st March, 2021.
Asessee-bank had not deducted TDS under section 194A in respect of customers who had provided Form No. 15G and 15H as the prime responsibility relating to TDS deduction u/s 201 was of the recipient assessee to pay the tax directly once they filed From No. 15G/15H and any tax liability would be held as pending in recipient assessee’s cases and hence Section 201 of the Act could not be invoked as it was a recovery provision.
A person may misplace a GST Invoice that was issued or may require additional copies of the same invoice. In such cases, he faces the need to contact the supplier repeatedly. QR Codes in invoice solves this issue. By scanning the QR Code, the GST Invoice can be generated any number of times.
Confused about the new income tax regime? Find out whether to opt for the old or new scheme and understand the tax slabs and rates.
As the Financial Year is ending, below five actions are need to be taken on immediate basis for compliance under GST:- 1. New Invoice series Ensure to create new/ unique invoice series. The same should be consecutive and unique for a financial year. Also, multiple invoice series for various branches/segments/Products & Services can be generated […]
Since teaching of Indian Classical Music was within the field of ‘education’ and the activities of the studio were carried on in order to achieve the main object of the Trust, the same could not be construed as a business and the proviso to section 2(15) did not apply on the same.
Passionate entrepreneurs aim to build practical unique solutions for customers through their start-up venture. The business has to focus on its potential customer base, its USP and market situation. At the same time Entrepreneur should have or they should hire or outsource someone who has a good understanding about the basic laws of the land, rules, regulations that are applicable and various government schemes that are drawn for the welfare of the budding businesses and their smooth functioning.
