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Archive: 09 August 2022

Posts in 09 August 2022

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7008 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

All 4 PSU insurers incurred losses in health insurance business in 2016-17 to 2020-21

August 9, 2022 1350 Views 0 comment Print

All the four PSU insurers incurred losses in the health insurance portfolio in all the five years from 2016-17 to 2020-21. Aggregate loss of the four PSU insurers was ₹26,364 crore during 2016-17 to 2020-21.

Loss of directors not allowable to the company

August 9, 2022 618 Views 0 comment Print

Held that activities of share trading were carried out by the directors in their individual capacity from their unique client codes. Accordingly, loss incurred in same is not allowable in the hands of company

What Your Pension Plan Can Do For You

August 9, 2022 2439 Views 0 comment Print

Retirement is something that needs meticulous planning and thought, especially in today’s age, with an uncertain economy throwing new financial challenges continuously and inflation always being on the rise.

Residential Dwelling Under GST – Unanswered Questions

August 9, 2022 20325 Views 1 comment Print

Unanswered questions about renting residential dwellings under GST. Learn about the recent changes and implications for registered persons.

DRI’s Existential Crisis: Governmental Blunder or Judicial Overlook?

August 9, 2022 5229 Views 0 comment Print

The elite investigation wing of the Central Revenue Department – DRI had been facing an existential crisis since the landmark Canon India v. Commissioner of Customs judgement which ousted its jurisdiction to exercise the functions of Officers of Customs viz. issuance of Show Cause Notice under Section 28 of Customs Act, 1962

Penalty for expired e-way bill for reasons beyond control of taxpayer is not justified

August 9, 2022 1362 Views 0 comment Print

Penalty u/s 129 due to expired e way bill for reasons beyond the control of taxpayer is not justified: Uttarakhand First Appellate Authority

FDI compliance- Steps for successfully filing form FC-GPR

August 9, 2022 1542 Views 0 comment Print

Once the decision of FDI is made by the Board, the very first step is to set up a good co-ordination with the Authorized Dealer Bank in India and the remitting foreign bank in advance so that all the documents are received on time from both the banks, consequently avoiding any unexpected delay in paperwork.

Secretarial Audit – Applicability, Scope & Procedure for appointment of Secretarial Auditor

August 9, 2022 39921 Views 0 comment Print

Learn about the applicability, scope, and procedure for appointment of secretarial auditors. Ensure compliance with company regulations and detect non-compliance.

Loss on investment in equity shares is business loss

August 9, 2022 2982 Views 0 comment Print

Held that the claim of loss accruing or arising as investment in equity shares, non-convertible debentures and zero coupon redeemable preference shares is not capital loss but eligible for deduction in computation of business loss

No Revision proceedings in highly debatable issue of Stamp duty guideline value

August 9, 2022 2295 Views 0 comment Print

PCIT was of the view that the difference of Rs.25 lakhs in view of the guideline value fixed by Stamp Valuation Authority at Rs.3.50 crores is to be accepted and added to the return of income of the assessee. We are of the view that this is highly debatable issue and even the tolerance limit of 10% is to be considered or not is again a debate.

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