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Archive: 03 April 2021

Posts in 03 April 2021

Timely release ITR Utilities & Stop sending Panic Messages

April 3, 2021 23634 Views 14 comments Print

Chartered Accountants Association, Surat has written a letter to Chairman of Central Board of Direct Taxes and demanded for Timely release of Income Tax Return Utilities and Stopping of Panic Messaging. They also demanded that A suitable and adequate time compensation be provided for the amount of stakeholder’s time lost due to infrastructure failure, so […]

CBDT releases JSON Utility for ITR1 & ITR 4 for AY 21-22

April 3, 2021 21306 Views 6 comments Print

CBDT has decided to discontinue Excel & Java version of ITR utilities  from AY 2021-22 and it has released  JSON Utility for ITR1 & ITR 4 for Assessment Year 2021-22. The utility for other ITRs will be enabled shortly, the ITR 1 to 4 can be filled using single JSON Utility. Import of Prefill file […]

Unethical and illegal business practices in e-pharmacy trade

April 3, 2021 2634 Views 0 comment Print

As soon as the markets started reopening in October 2020, after the lockdown, e-pharmacies like Pharmeasy and Medlife indulged in deep discounting on their platforms by giving a flat discount of 30%. To capture the market even further, an additional cashback of 2 0 % was wended to customers with free shipping. Effectively, this translated to a whopping discount of around 40%-45% with free shipping.

Redeposit of cash withdrawn from bank – Submission in Reassessment

April 3, 2021 9597 Views 3 comments Print

Important Judgement regarding reopening of assessment u/s 147 of the Income Tax Act, 1961 and redeposit of the same cash withdrawn from the bank earlier in sample written Submission before the Hon’ble CIT (A), Faceless

Unit Linked Insurance Policy (ULIP) under Finance Act, 2021

April 3, 2021 3480 Views 2 comments Print

Discover the benefits of Unit Linked Insurance Policy (ULIP) under the Finance Act, 2021. Get the best of both investment and insurance in one plan.

Applicability of Secretarial Audit

April 3, 2021 235587 Views 1 comment Print

WITH ANALYSIS Every Company, while pursuing its business activities, has to comply with  so many rules and regulations relating to the Companies Act, Securities laws, FEMA, Industry Specific laws and General laws like Labour laws and so on… Therefore company have chances to face non- compliance risk like fine imprisonments penalties, loss of goodwill etc […]

Strike Off of Company- Regulatory & Procedural Aspect

April 3, 2021 30552 Views 2 comments Print

PROJECT REPORT ON STRIKE OFF THE NAME OF COMPANY Strike Off means removing the name of the Company from the Register of Companies maintained by Registrar of Companies. Section 248 of Companies Act, 2013 consists of the provision relating to strike off the name of the Company. Now there are two modes of Strike off […]

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