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Archive: 20 January 2022

Posts in 20 January 2022

Result of CS Foundation Programme & CSEET Examination & List of Toppers

January 20, 2022 3657 Views 0 comment Print

The result of Company Secretary Foundation Programme Examination, December — 2021 session held on 03rd and 04′” January, 2022 and Company Secretary Company Secretary Executive Entrance Test (CSEET) held on 08th and 10th January, 2022 has been declared today, Wednesday, the 19′” January, 2022 at 4.00 P.M.

Taxability of Cryptocurrency

January 20, 2022 6729 Views 0 comment Print

Cryptocurrency is a virtual currency based on blockchain technology, which enables a peer to peer network without the intervention of a centralized agency. Cryptocurrency gained popularity with the introduction of Bitcoin by a programmer under the name Satoshi Nakatomo. Bitcoin gained significance in light of the collapse of the financial system which culminated in the Great Recession.

Summary of ITC Under GST Law

January 20, 2022 31125 Views 7 comments Print

Background of ITC In India, Indirect taxes are the major source of revenue for government. Indirect Taxes are the backbone of India’s economy. However, earlier tax regime had few drawbacks like cascading effect and multiple taxes. In order to overcome such problems, major reforms have been made in IDT Regime which is as follows: 1. […]

Know about CryptoCurrency in 5 Minutes

January 20, 2022 5268 Views 2 comments Print

CryptoCurrency is a buzzword in today’s digital times and has caught much attention of Investors and Legislators across the globe. I am sure you have heard about it through News, FB, or friends. Just keep reading to know Crypto Currencies Journey right from the start till the present time 1. What is Cryptocurrency? The word […]

Investment In Immovable Property Outside India and Black Money Act, 2015

January 20, 2022 3624 Views 0 comment Print

Learn about the rules for Indian residents acquiring property outside India under FEMA regulations and the tax implications under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

IBC And Defaulted Corporate Bond Market- FPI Paves The Way

January 20, 2022 2532 Views 0 comment Print

Insolvency and Bankruptcy Code, 2016[1] (IBC) aimed to encourage and effectively channelise recovery of debt for financial creditors and operational creditors. However, restrictions and market perceptions create hindrances in providing relief to the non-convertible debenture holders and bondholders when it comes to the debt instruments. This article will discuss the corporate bond market in India […]

If AO accepts objections of assessee and does not assess or reassess the income which was the basis of notice than he cannot made additions on other issues

January 20, 2022 2802 Views 0 comment Print

Yashoda Shivappa Nagangoudar Vs ITO (Bombay High Court) Mr. Walve submitted that as per explanation 3 to Section 147 of the Act, the Assessing Officer may assess or re-assess the income in respect of any issue which has escaped assessment even if such issue comes to his notice subsequently in the course of proceedings under […]

Say No To Cash- Cashless under Income Tax Act, 1961

January 20, 2022 9219 Views 5 comments Print

Understanding the Cashless Economy under Income Tax Act, 1961. Learn about the provisions and implications of going cashless for business transactions.

Check List for Incorporation of a Company

January 20, 2022 3825 Views 0 comment Print

Definition under the Companies Act 2013 Company : means a company incorporated under this Act or under any previous company law; Company Limited by Shares : means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them; Company Limited by […]

If VAT is paid under Works Contract category than service classifiable as works contract services

January 20, 2022 4416 Views 0 comment Print

Western Corrosion Controller Vs C.C.E. & S.T. (CESTAT Ahmedabad) CBEC clarified vide letter DOF No. 334/1/2008- TRU dated 29.02.2008 that if VAT is paid under the category of Works Contract then the service should be classified as works contract services. In the instant case while the appellant has submitted the challans under which VAT has […]

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