"03 April 2021" Archive - Page 3

Timely release ITR Utilities & Stop sending Panic Messages

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 infr...

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Posted Under: Income Tax | ,

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

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 […]...

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Posted Under: Income Tax |

Unethical and illegal business practices in e-pharmacy trade

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...

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Posted Under: Income Tax |

Redeposit of cash withdrawn from bank – Submission in Reassessment

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Judgement regarding reopening of assessment u/s 147 of the Income Tax Act, 1961 and redeposit of the same cash withdrawn from the bank earlier in sample written Submission before the Hon’ble CIT (A), Faceless...

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Posted Under: Income Tax |

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

Unit Linked Insurance Policy means a life insurance policy which has components of both investment and insurance and is linked to a unit. In other words, Unit Linked Insurance Plan is a hybrid investment option which consists of a component of insurance as well as investment to serve the needs of the respective investors. The […]...

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Posted Under: Income Tax |

Applicability of Secretarial Audit

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, l...

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Posted Under: Income Tax |

Strike Off of Company- Regulatory & Procedural Aspect

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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Posted Under: Income Tax |

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