Assessee could not be compelled to wait for eternity to agitate its claim seeking refund under the provisions of GST of the amount to which it was entitled to under the statute and also blocking its funds affecting its cash flows, merely because of existence of (non functional) alternate forum/remedy on paper, by not invoking the jurisdiction under Article 226 of the Constitution of India.
Circular seeking applications from Chartered Accountants for engagements as Professionals in NFRA on contractual basis Government of India National Financial Reporting Authority ***** 7th Floor, Hindustan Times House, Kasturba Gandhi Marg, New Delhi Dated 17th November, 2021 A-12011/8/2019-ESTT-NFRA CIRCULAR National Financial Reporting Authority (NFRA) intends to engage eligible and interested persons as professionals purely on […]
Hello readers – Now days tax audit date approaching so I think relevant clause under which tax audit to be conducted we must know- Clause 8 of 3CD- Clause 44AB (a) – Every person carrying on business shall get accounts audited if receipts of business exceeding specified limits – The limit provided in the clause […]
A new scheme of taxation has been introduced by the Finance Act ,2020 by insertion of a new Section 115BAC. The basic feature of this new tax regime is lower tax rates as compared to existing slab rates but on the other hand the assessee has to forego around 70 exemptions and deductions presently available .
This is not the first time wherein GUJ RERA has given an opportunity to the defaulting promoter to opt for the VCS scheme. Various VCS scheme has been notified by GUJ RERA giving remedy to the Promoters. All the defaulting promoter shall take note of the VCS scheme as various suo-moto order has been passed GUJ RERA for non-compliance of Quarterly return and a penalty as high as Rs 1,25,000/- has been charged.
Intellectual Property Rights (IPR) is the need of hour. Almost all the businesses have this Intangible Property in Form of IPR. The topic of the Article signifies when is the right time to take the IPR and Why we should take the IPR? Without wasting more time, let’s get into it. What is IPRs? IPR […]
COVID -19, lead to Supply-Chain Disruptions & Blockages that has a Significant Economic Effect, Health, Safety and Social Impacts Globally – like Delivery Delays, Increased Costs, Shortage of Labor, Shortage of Inputs, Shut down of Operations, Health Issues of People, Job Loss, Income for Survival, Increased Inflation etc… etc…. and created a lot many uncertainties. […]
Checklist for Incorporation of Foreign Subsidiary / Wholly Owned Subsidiary in India Following details are required for WOS (to be incorporated) 1. Authorized Share Capital 2. Paid- up Capital 3. Per share value (Face value) 4. Number of Shareholders 5. Registered Office Address 6. Phone No. & Mail id of the Company 7. Copy of […]
Foreign Currency – transfer of shares (FC-TRS) FCTRS : 1. The Form FC-TRS shall be file within 60 days from the date of receipt/date of payment of the amount of consideration. 2. There will be no official fee for filing of form FC-TRS, if the form is filed within 60 days . 3. Form shall […]
In order to promote transparency and simplifying the tax return filing process, CBDT vide Notification dated May 28, 2020 has amended Form 26AS vide Sec 285BB of Income Tax Act, 1961 r.w.r.114-I of Income Tax Rules, 1962 w.e.f. 01.06.2020. The new Form 26AS is an Annual Information Statement or AIS which will provide a complete […]
