The Hon’ble Calcutta High Court in the case of M/s LGW Industries Limited & Ors. v. Union of India & Ors., (WPA No.23512 of 2019) vide its judgment dated 13th December’2021 has remanded the matter back to the GST authorities to consider afresh the cases of the petitioners on the issue of their entitlement of […]
In the last one year, the Nifty 50 Index has registered a 24.13% increase. What other investment option would generate similar returns? The answer is nothing but the stock market. And the first step to stock market riches is to open a demat account.
Currently, listed entities are submitting various disclosures to the Exchange via NEAPS (NSE Electronic Application Processing System). With the launch of the new Digital Portal, listed entities shall make all the filings through the Digital Portal. However, the transition from NEAPS to the Digital Portal would be carried out in a phased manner.
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th January, 2022 vide Notification No. 02/2022 – Customs (N.T.), Dated: 06.01.2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 02/2022 – Customs (N.T.) New Delhi, dated the 6th January, […]
Vide Notification No. 1/2022-Income Tax | Dated: 6th January, 2022 CBDT notifies Tax Exemption to ‘Regional Air Connectivity Fund Trust (PAN AADTR1130P), a trust constituted by the Central Government, in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, Notification […]
ICAI, Indore has requested CBDT Chairman to consider waiver of penalty for delay in furnishing of Report of Audit under any provision of the Income-tax Act, 1961 for the A. Y. 2021-22. Full Text of their representation is as follows:- THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of parliament) Indore (CIRC) Indore/2021-22/Rep-1 […]
Since the amount received in the form of credit note is actually a discount and not a supply by the applicant to the supplier, no GST is leviable on receiver on cash discount/incentive/schemes offered by the supplier to applicant through credit note against supply without adjustment of GST.
The present article covers the information category ‘Receipt of foreign remittance’ covered under the ‘Annual Information Statement’. Information source for information category ‘Receipt of foreign remittance’ under ‘Annual Information Statement’- As per provisions of rule 37BB, the authorized dealer is required to furnish information relating to foreign remittances made by remitter PAN in Form 15CC. […]
New Functionalities made available for Taxpayers on GST Portal in December, 2021 New Functionalities made available for Taxpayers for the Month of December, 2021 on GST Portal related to Changes in Form GSTR-1/IFF, Creation of My Masters facility in Form GSTR-1/IFF, Allowing entry of suspended GSTINs as recipients in Form GSTR 1/IFF (B2B Tables), Integration […]
The new income tax e-filing portal has successfully gained all sorts of publicity due to the continuous glitches being faced by the common man as well as the professionals. Recently, everyone would be aware that there was a lot of hue and cry carried out by the professionals to extend the due date for filing […]
