Issues on New ITD Portal – listed down – members can add other issues in comment section so that all issues can be compiled. 1. DSC not getting registered or updated 2. New Incorporated companies or Firms are not able to register themselves on ITD Portal 3. Forget password option not working 4. IT Returns […]
HSN & SAC Code Are Mandatory In Invoice And Form GSTR-1 W.E.F.01.04.2021 Brief Notes on mandatory mentioning of HSN & SAC Code in Invoice and Form GSTr-1 as per amendments to GST Law, 2017 w.e.f.01.04.2021. Dear Professional Colleagues, Good Day to you. I have gone through recent changes about mandatory to mention HSN & SAC […]
In the prevalent economic disorder, it is indeed necessary and obligatory for the holding companies to protect their subsidiary companies from any financial losses and difficulties. For doing so, the concept exists of providing a guarantee by the Holding Company on the loan taken by the subsidiary company from any banks or financial institutions. Guarantee, […]
Article explains Provisions of Section 194Q and 206C(1H) of Income Tax Act, 1961 in Tabular Format. Its Explains Applicability of TDS from TDS under Section 194Q will be applicable and Date since TCS under Section 206C(1H) is already applicable. Article explains provision of both these section as comparative analysis for easy understanding of readers. Section […]
Declaration for Commencement of Business Form INC-20A: e-Form INC-20A is required to be filed Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014 for the purpose of Declaration for Commencement of Business. Section 10A: COMMENCEMENT OF BUSINESS etc. A company incorporated after the commencement of the […]
Initially, people tend to form a partnership firm as it can be easily formed with minimum compliances and cost. Then, when the business grows or any dispute arises between the partners, they generally intend to convert their existing partnership firms into a Limited Liability Partnership (LLP) in order to formalise the business. The same trend […]
Finance Bill, 2021 inserted new Section 16(2)(aa) What is the impact of Section 16(2)(aa) on ITC in the near future which is introduced by Finance bill 2021. In this Article we are trying to discuss & analysis sec 16(2)(aa) with sec 37. Provision as per Law 16(2) (aa) The details of the invoice or debit […]
Marketing of Minor Forest Product & Development of Value Chain to Minimum Sales Price Problems to access proper banking system Due to dearth of fund, tribes are more prone to take loans from the money lenders and due to high rate of interest charged by the money lenders, they have to bear huge amount of […]
In any organization, We all work as a team and the success and failure of any organization depend upon the various members, it’s just like a puzzle where every piece has two play its part. In any given puzzle all parts are right we just need to place them in correct position but in the […]
Form 10BD statement & Certificate of Donation: As we are aware, section 80G of the income tax act,1961 provides for deduction on payment of donations. Until the last financial year there was no way to counter check the accuracy of the donations paid. The income tax department allowed deduction based on the claim made by […]
