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Archive: 26 May 2022

Posts in 26 May 2022

Citizens can now access Digilocker services on MyGov Helpdesk on WhatsApp

May 26, 2022 894 Views 0 comment Print

Citizens can now access Digilocker services on the MyGov Helpdesk on WhatsApp Citizens can now download Digilocker documents such as PAN card, driving license, vehicle registration certificate, among others MyGov Helpdesk on WhatsApp will further PM Shri Narendra Modi’s vision of Digital India and Ease of Living WhatsApp users can use chatbot by simply sending […]

Amendments in Schedule III of Companies Act, w.e.f. 1st April 2021

May 26, 2022 690129 Views 5 comments Print

Stay updated with the latest amendments in Schedule III of the Companies Act. Get to know the additional disclosures required in financial statements.

Need to develop Jewelary Park in different States: CAIT

May 26, 2022 306 Views 0 comment Print

To develop best quality Jewelary for production of world class articles, Jewelary park will enhance global competitive- ness & capable to invite foreign investors and shall also widen the scope of employment & entrepreneurship in India.

Section 143(3) proceeding invalid if section 143(2) notice issued to Individual instead of HUF

May 26, 2022 402 Views 0 comment Print

Gourishankar Girdharilal Lohiya (HUF) Vs ACIT (ITAT Pune) This assessee’s appeal for assessment year 2009-10 arises against the CIT(A)-1 Aurangabad’s order dated 17.02.2020 passed in case no.ABD/CIT(A)-1/199/2011-12 involving proceedings u/s 143(3) of the Income Tax Act, 1961; in short the Act. Heard both the parties. Case file perused. 2. I straightway advert to the assessee’s […]

Analysis of ‘Domestic Transfer Pricing’ In India

May 26, 2022 5592 Views 0 comment Print

Multinational corporations are continuing to play an increasingly crucial role in international trade which directly affects taxation issues. Tax administrations as well as multinational corporations have felt the heat of such taxation issues and the global community has come to a consensus that such issues must be considered at a global scale instead of a narrow domestic context.

Brief Procedure of Buy Back u/s 68 of Companies Act, 2013

May 26, 2022 1572 Views 0 comment Print

Learn about the step-by-step procedure of buy back under section 68 of the Companies Act, 2013 for private and unlisted public companies.

Assessee have independent statutory right to file reply to SCN & draft assessment order

May 26, 2022 1563 Views 0 comment Print

Ketan Ribbons Pvt Ltd Vs National Faceless Assessment Centre Delhi (Delhi High Court) Hon’ble Delhi High Court quashed Assessment Order, Notice of demand and Penalty notice passed on 23-05-2021 during COVID-19 where show cause notice and draft assessment order were issued during lockdown and the assessee could not file any reply. The court further was […]

Late fees for GSTR 4 waived till from 1.5.2022 to 30.06.2022

May 26, 2022 19125 Views 1 comment Print

Seeks to waive off the late fee under section 47 for the period from 01.05.2022 till 30.06.2022 for delay in filing FORM GSTR4 – Notification No. 07/2022–Central Tax | Dated: 26th May, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 07/2022–Central Tax | Dated: 26th […]

Bharat Bill Payment System – Amendment to guidelines

May 26, 2022 783 Views 0 comment Print

As announced in the Statement on Development and Regulatory Policies dated April 08, 2022, the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 crore. The BBPS guidelines have been suitably amended.

Gorakhpur advocates not allowing CAs to appear before VAT/State GST Authorities

May 26, 2022 43380 Views 7 comments Print

Gorakhpur Chartered Accountants Association has in made a representation to Local GST Authorities for not allowing them to visit GST offices to Chartered Accountants allegedly by Few advocates and it is learnt by us that same is still continuing. Also Read: CAs authorised to Appear before GST Authorities- Gorakhpur Commissioner clarifies Full text of their […]

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