Follow Us :

Archive: 27 July 2021

Posts in 27 July 2021

Marriage Gifts And Its Taxation

July 27, 2021 51762 Views 2 comments Print

It is customary in Indian for families to exchange gift at the occasion of marriage. This article deals with tax implications of such gifts received. General Provisions for taxation of Gifts in India Before abolition of the Gift Tax Act in  1998  the donor (giver of the gift) was required to pay gift tax on […]

Received Notice or Order from GST Department? Try to find out what it is…

July 27, 2021 4023 Views 2 comments Print

♦ INTRODUCTION Assessment means determination of tax liability. There are several types of assessments in the GST regime i.e., self-assessment, provisional assessment, summary assessment and best judgment assessment. Under GST, an assessee is first required to self- assess his tax liability and furnish returns for declaring the taxable turnover, tax payable or refundable, input tax […]

Dynamic QR Code under GST

July 27, 2021 3699 Views 0 comment Print

1. Applicability of Dynamic Quick Response Code (QR) Dynamic Quick Response Code QR is applicable whose aggregate turnover exceeds Rs 500 crores rupees in any of the financial year from 2017-18 onwards. Exclusions: – Supplier of taxable services i. An insurer or a banking company or financial institution, a non- banking financial company. ii. A goods transport […]

Mere filing of voluminous correspondence, reports etc. not a proper compliance

July 27, 2021 780 Views 0 comment Print

M/s. Exide Life Insurance Company Ltd. Vs ACIT (ITAT Bangalore) The assessee has in the present case filed material before the TPO to demonstrate the nature of services rendered. In the paper book filed before us the index of the paper book gives a description of the service. We are of the view that the […]

List of valid Nominations for CS EIRC Election

July 27, 2021 510 Views 0 comment Print

List of Valid Nominations for the Election to Fill Casual Vacancy of the ICSI Eastern India Regional Constituency of the 13th Council, 2021

Format of Certificate For Asset Cover

July 27, 2021 11673 Views 0 comment Print

CERTIFICATE To, XYZ ltd This certificate is issued in accordance with the terms of our arrangement with XYZ Private Limited (CIN-), having registered address ……………..IN, vide engagement letter dated ——————–with reference to Appointment of ABC & Associates as the Chartered Accountant Firm for conducting due diligence of security provided by XYZ Pt. Ltd.. Management’s Responsibility […]

A brief description of Section 9B & 45(4) along with rule and guidelines (income tax provision on reconstitution of firm or AOP or BOI)

July 27, 2021 2589 Views 0 comment Print

A brief description of Section 9B & 45(4) along with rule and guidelines (income tax provision on reconstitution of firm or AOP or BOI) The finance act, 2021 introduced a taxation provision on reconstitution of firm, AOP, BOI (Not being a company or a co-operative society). Here, I try to produce the brief of these […]

Analysing Cross Margin in Commodity Index Futures and Its Underlying Constituent Futures or Its Variants: SEBI

July 27, 2021 588 Views 0 comment Print

Analysing Cross Margin in Commodity Index Futures and Its Underlying Constituent Futures or Its Variants: SEBI A commodity market may be a place where raw materials or main goods are often bought, sold, and traded. Currently, there are over 50 major commodity markets throughout the globe that support trade about 100 primary commodities. Commodities are frequently divided into two types: hard and soft […]

HS codes 30036000 & 30046000 included in MEIS Schedule

July 27, 2021 3135 Views 0 comment Print

Two ITC HS codes 30036000 and 30046000 have been included in the MEIS Schedule and are eligible for MEIS benefits for exports made in the period 01.01.2017 to 31.12.2020 at the rate of 3% . Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 18/2015-2020 […]

New proforma (ANF) for filing applications for revalidation of SCOMET export authorisation

July 27, 2021 639 Views 0 comment Print

The new ANF proforma, namely ANF 20(d) will facilitate the trade and industry to file application for revalidation of SCOMET export authorisation. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Public Notice No. 17/2015-20 New Delhi, Dated the 27th July , 2021 Subject:- Introduction of […]

Search Post by Date
July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031