FILLING OF EFORM 23C – Form of application to the Central Government for appointment of cost auditor Attachments required with EFORM 23C ♦ Copy of the Board resolution of the company sanctioning the proposal for which the government approval has been sought is a mandatory attachment. ♦ Copy of the certificate obtained from cost auditor […]
Annual Information Statement (AIS) – Payment to non-resident sportsmen or sports association under section 115BBA The new Annual Information Statement comprises 50 different information categories. The present article deals with one such information category, namely, ‘Payment to non-resident sportsmen or sports association u/s 115BBA’. Understanding relevant taxing provision covered under section 115BBA and TDS provision […]
पिछले दिनों वित्त मंत्री द्वारा बजट पूर्व सुझावों हेतु कई बड़े व्यापारिक, उद्योगिक एवं अर्थशास्त्रियों के साथ मीटिंग और विचार विमर्श किया गया जिसमें कुछ मुख्य सुझाव जो सामने आए: 1. आम टैक्सपेयर्स के लिये इनकम टैक्स स्लैब को तर्कसंगत करने का सुझाव दिया गया. 2. रिसर्च एंड डेवलपमेंट के लिये ज्यादा बजट का आवंटन […]
Part I – Law(s) Governing the eForm Refund Purpose of the eForm Refund The user is required to make various payments to avail MCA2 1 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the stakeholders […]
Since the issue of benchmarking the international transaction is required to be examined qua both the segments i.e. CSDS and ITES separately and independently for factual analysis of taxpayer’s TP study, the case is remanded back to ld. TPO who shall determine the ALP of international transactions of both the segments independently afresh after providing an opportunity of being heard to the parties.
FORM I (Cost Audit Report-XBRL) – Form for filing XBRL document in respect of cost audit report and other documents with the Central Government NOTE: ♦ For detailed process in respect of XBRL filings, refer the filing manual available on the MCA21 XBRL portal (http://www.mca.gov.in/XBRL) ♦ The following shall be validated while filing this Form […]
In re Shilchar Technologies Limited (GST AAR Gujarat) Q. Whether supply of Aluminium Foil Type Winding Inverter Duty Transformer classifiable under Chapter Heading 8504 and parts of Transformer supplied / to be supplied for initial setting up of solar project falls under Sr. No. 234 in Schedule-I to Notification No.01/2017-Central Tax (Rate) dated 28th June, […]
In re Almora Van Prabhag (GST AAR Uttarakhand) 1. The contractor, undertaking tapping /extraction and collection of Lisa/Resin, from the Chir/Pine trees located on the reserved forest, van panchayat and civil forest, is liable to payment of GST on composite supply. 2. An individual permit holder, undertaking tapping /extraction and collection of Lisa/Resin, from the […]
Few of the problems listed out are as below which calls for immediate resolution or for extension of the return filing dates. Also ReadIncome Tax Date Extensions 1. Problem in downloading AIS/ TIS Apart from recently introduced AIS/ TIS near the last dates, increasing the burden of reconciliations, there has been problems in downloading AIS. […]
GST_Update – Notification No. 39/2021 – Central Tax dated 21st December, 2021 Union Budget 2021 has presented various amendments to the GST Law through Finance Act, 2021. However, the same were not notified at that time. Now, the department has issued Notification No. 39/2021 – Central Tax dated 21st December, 2021 notifying the applicability of the […]
