Annual Information Statement – Interest on bonds & government securities (AIS) The income tax department has newly introduced Annual Information Statement (AIS). AIS is likely to replace existing Form 26AS once the same is fully validated and operational. Accordingly, all the taxpayer is now required to grab more and more information about various information categories […]
1. Compliance burden reduced for GST Taxpayers -Taxpayers with Annual Aggregate Turnover (AATO) upto 2 5 Crore not required to file the reconciliation statement in FORM GSTR-9C for FY 2020-21 onwards -Taxpayers with AATO above 2 5 Crore can now self-certify the reconciliation statement in FORM GSTR-9C for FY 2020-21 onwards (instead of getting it […]
India’s Demat account holders more than double in 3 years to 7.38 crore in Oct. 2021 As per the information provided by Securities and Exchange Board of India (SEBI), as on October 31, 2021, there are around 2.75 crore mutual fund (MF) investors, 7.38 crore Demat account holders and 1,324 SEBI Registered Investment Advisors (RIA). […]
Notification No. 69/2021-Customs (ADD), Dated: 13.12.2021 – Seeks to impose Anti-Dumping duty on the imports of Axle for Trailers in CKD/SKD form originating in or exported from the Peoples Republic of China. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 69/2021-Customs (ADD) New Delhi, the 13th December, 2021 G.S.R. 854(E). Whereas, in […]
GST Returns: Monthly vs Quarterly Point of difference Monthly Quarterly (QRMP) Applicability Mandatory if Annual Aggregate Turnover (AATO) is more than ₹5 crores. Can be opted if AATO is not more than ₹5 crores. No. of returns to be filed GSTR-1: 12 returns for 12 months GSTR-3B: 12 returns for 12 months GSTR-1: 4 returns […]
HC held that adjustment of Input Tax Credit (ITC) with tax dues to be paid off by the assessee in 24 equal or nearly equal monthly installments on account of the orders passed in the pending appeals and on account of ITC, if any, against the last installment. Further held that, the assessee will also be liable to pay interest on reducing balance basis on the tax due component of the amount less any adjustment on account of appellate orders or ITC.
a) We appreciate the alternate tax regime offered for personal taxation under section 115BAC. However please allow benefit of section 80D for medical insurance premium to help taxpayers to keep their medical policies alive in view of exorbitant expenses for hospitalisation & treatment even in case of taxpayers opting for sec. 115BAC.
Any statement recorded prior to the issuance of such show-cause notice is not a statement recorded in the course of an inquiry or proceeding and no right accrues in favour of a noticee to insist that he be offered for cross-examination the witnesses, whose statements have been recorded.
In order to facilitate investor awareness about various activities which an investor deals with while availing the services provided by investment advisers, SEBI has developed an Investor Charter for Investment Advisers. This Charter is a brief document containing details of service provided to investors, their rights, dos and don’ts, responsibilities, investor grievance handling mechanism and timelines thereof etc., at one single place, in a lucid language, for ease of reference.
In order to facilitate investor awareness about various activities which an investor deals with while availing the services provided by research analysts, SEBI has developed an Investor Charter for Research Analysts. This Charter is a brief document containing details of services provided to investors, their rights, dos and don’ts, responsibilities, investor grievance handling mechanism and estimated timelines thereof etc., at one single place, in a lucid language, for ease of reference.
