1. What are the implications of tax under the IT Act for gift received by the Trust, being movable or immovable property or money, from relatives? 2. What are the implications of tax under the IT Act for gift received by the Trust, being movable or immovable property or money, from persons other than relatives?
√ Section 22(1) of the CGST Act, provides for registration to supplier of services or goods & services having aggregate turnover exceeding Rs. 20 lacs. Hence every supplier having turnover more than Rs. 20 lacs is required to register. √ Section 24 (Compulsory registration) of CGST Act,2017 requires as Flows – (iv) person who are […]
Whether Hitches In E-Payments of Taxes Will Be Resolved In NSDL Website/New I-T Portal While we make payment of Direct Taxes via the ‘NSDL Web site’, every time we have to fill the address of the assessee, which in my opinion can be dispensed with since the address of the assessee is already available with […]
Format of NOC by Female Coparceners to waive off their right/share in HUF property DECLARATION/NOC BY CO PARCENERS OF HUF To Dear Sir, 1) I/we ……………………………………………( Name of Co-Parceners ) hereby declare that I/we are the Co-Parcener of the HUF ……………….. … (Name of HUF) 2) We all the below mentioned coparceners declare that we […]
यदि जीएसटी से जुडी कुछ अन्य समस्याए गंभीरता पूर्वक विचार करते हुए हल कर दी जाए तो ना सिर्फ करदाताओं को इस कर के पालन करने में आसानी रहेगी बल्कि अर्थ व्यवस्था के विकास में भी यह कर अपनी महत्ती भूमिका अदा कर सकेगा. इस पत्र के साथ हम आपको जीएसटी से जुडी हुई निम्नलिखित समस्याएं बता रहें हैं जिनका हल यदि हो जाए तो व्यापारी वर्ग , प्रोफेशनल्स और देश का करदाता आपका आभारी रहेगा :-
The Hon’ble ITAT, New Delhi in DCIT v. Planman HR Pvt. Ltd. (ITA No.5152/Del/2017, dated July 15, 2021) disposed of the appeal filed by the Revenue Department (Respondent) and upheld the order passed by the Commissioner of Income Tax (Appeals) (CIT Appeals), deleting the disallowance of INR 54,31,041/- being interest on late payment of service […]
Recognizing that efficient and expeditious release of temperature-sensitive vaccines would be a critical requirement in the collective fight against the COVID-19 pandemic, CBIC has proactively put in place a COVID Response Plan (CRP) ( Annexed herewith) for speedy clearances of COVID-19 vaccines at all major airports.
Ministry of Finance has released today ₹75,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. This release is in addition to normal GST compensation being released every 2 months out of actual cess collection.
Honourable Calcutta High Court too stayed the reassessment proceedings under section 148 read with section 148A , notices issued post 31/03/2021 and the notifications of extension of notices , following the ratio of the other HC judgements on similar issues . Interim order of STAY PASSED
KSCAA has made a representation highlighting an anomaly in Transfer Pricing Assessment proceedings (TP proceedings’) concerning the AY 2018-19. Full text of their representation is as follows:- KARNATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R) CA. Kumar S jigajinni | President KSCAA CA. Pramod Srihari | Secretary KSCAA 13th July 2021 To, Smt. Nirmala Sitaraman Hon’ble Union […]
