Part I – Law(s) Governing the eForm DPT-3 eForm DPT-3 is required to be filed pursuant to rule 16 and 16A of the of the Companies (Acceptance of Deposits) Rules, 2014 which are reproduced for your reference. Rule 16: Return of deposits to be filed with the Registrar: Every company other than Government company to […]
Annual Information Statement (AIS) – Income by long-term capital gain (LTCG) from units by an offshore fund u/s 115AB(1)(b) With its recent roll-out, the Annual Information Statement is currently the latest talk of the town. Due to its comprehensive coverage, it has started creating havoc amongst the taxpayers. Broadly speaking, the Annual Information Statement is […]
Annual Information Statement (AIS)- Income and long-term capital gain (LTCG) from foreign currency bonds or shares of Indian companies under section 115AC Rule 31AB covering the provisions relating to Form 26AS was omitted vide the Income Tax (Eleventh Amendment) Rules, 2020. Correspondingly, rule 114-I was inserted in the Income Tax Rules. According to new rule […]
Introduction : Baghban was a Decent film released in the year 2003 which showcased the life of Retired Bank Manager beautifully essayed by Big B along with his onscreen wife essayed by Mrs Hema Malini who had spent all the money earned on raising their ( 3 +1) Male children who almost disown their parents […]
In re M/s. IOCL (GST AAR Odisha) On perusal of the documents and submissions submitted by the applicant, it is seen that the applicant has entered into an agreement with M/s Praxair for construction of Hydrogen and Nitrogen Gas Plant inside the applicants premises at Paradip. Pursuant thereto, M/s Praxair had constructed, installed and successfully […]
Petitioner submits that the impugned notifications are violative of Article 14 of the Constitution of India as they fail to satisfy the test of reasonable classification. He states that no differentiation in tax treatment can be created between passenger transport services rendered by auto drivers facilitated through e-commerce platforms versus passenger transport services rendered by auto drivers offline.
SEBI expands the ambit of Business Responsibility Reporting (BRR) by notification No. SEBI/LAD-NRO/GN/2019/45 dated 26.12.2019 (Securities and Exchange Board of India – Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2019. Before discussing the amendments, first we understand the concept and relevant provisions. What is Business Responsibility Reporting? Business Responsibility Report is a disclosure of […]
Property investment isn’t as straightforward as it once was. With traditional banks hesitant to grant loans to those who want to invest in development projects, finding the money to invest can be hard, especially if your money is already tied up in other investments.
CGST officers arrest Chartered Accountant for generating fake input tax credit to the tune of Rs. 92 crores. Case involves fake invoice of more than Rs. 500 crores. The officers of CGST, Thane (Rural) Commissionerate have arrested a Chartered Accountant who had generated fake input tax credit to the tune of Rs. 92 crores involving […]
As we move to the next cycle of Faceless Assessment under Income Tax, here’s a primer on the procedural aspects guiding the taxpayers through the compliance process, for a seamless experience. To ensure seamless communication, taxpayers should update their contact details including e-mail ID & phone number provided to the Income Tax Department and access […]
