In the matter of Mr. Anupam Tiwari, Insolvency Professional under Section 220 of the Insolvency and Bankruptcy Code, 2016 (Code) read with Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016.
FLA Full Form:- FLA stands for Foreign Liabilities and Assets. Meaning of FLA Return:- It’s an Annual Return on Foreign Liabilities and Assets required to be filed by an Indian Company and LLP to RBI within the prescribed due date. This Return is filed Online on RBI Portal. The portal on which you can file […]
It was well settled position, before the amendments made by Finance Act 2021, that the depreciation can be claimed on ‘Purchased Goodwill’ under the Income tax Law and it was also supported by the decision of Hon’ble Supreme Court in the case of Jogta Coal Co. Ltd. v. CIT 36 ITR 521 where the treatment […]
International Management Vs National Faceless Assessment Centre (Delhi High Court) 1. The basis of addition was not furnished to the petitioner. He emphasizes that no draft assessment order was issued which is mandatorily required under the Faceless Scheme. 2. In a similar case being Smart Vishwas Society vs. National Faceless Assessment Centre Delhi (Earlier National […]
Office of the Official Liquidator is in the process of recruiting Chartered Accountants, Company Secretaries, Cost and Works Accountant and LLB as Associates on contract basis for a period of 12 months on a monthly remuneration of Rs.40,000/- p.m. subject to TDS and on the terms and conditions governing such appointment.
The Ministry of Ayush has noticed a media report based on a study published in Journal of Clinical and Experimental Hepatology, a peer reviewed journal of the Indian National Association for the study of the liver. This study mentions that use of herb Tinospora Cordifolia (TC), commonly known as Giloy or Guduchi, resulted in liver failure in six patients in Mumbai.
What was the need OF TDS/TCS u/s 194Q/206C(1H)? (If the purpose is to get Information to whom big sales are made then, we could have given the list PAN +Aadhar of such parties). Whosoever has brought the idea of 194Q and 206C(1H) i.e. TDS/ TCS on Goods PURCHASE/SALE, deserves Global Award for ‘World’s Most Innovative Taxation Compliance’.
In an important memorandum sent to Union Consumer Affairs Minister Shri Piyush Goel Confederation of All India Traders on 07th July, 2021 has urged the Govt to withdraw the latest notification putting stock limits on “Pulses” as it is arbitrary, unjustified and in contravention of the advice of Hon’ble Office of the Prime Minister of […]
Cabinet Secretariat Modi Government creates a new Ministry of Co-operation Posted On: 06 JUL 2021 In a historic move, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for realizing the vision of ‘Sahkar se Samriddhi’. This ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement […]
Improvement of owner’s title to asset is different from improving asset itself | Section 48, 49, and 55 of the Income Tax Act, 1961 Cost of improvement which is liable to be deducted , should be an improvement to the asset itself , not an improvement of the owner’s title to the asset . Meaning […]
