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Archive: 09 October 2022

Posts in 09 October 2022

Criminal Liabilities of KMPs under Companies Act, 2013

October 9, 2022 17355 Views 0 comment Print

Explore the criminal liabilities of Key Management Personnel (KMPs) under the Companies Act, 2013. Understand statutory and vicarious liabilities, protection mechanisms, and aligning provisions for effective corporate governance.

Deposits with Co-operative Society by a Charitable Trust under Section 11(5) of Income Tax Act, 1961

October 9, 2022 5358 Views 0 comment Print

Discover the nuances of deposits with a co-operative society by a charitable trust under Section 11(5) of the Income Tax Act, 1961. Learn from judicial rulings for compliant investments.

Transactions by Charitable Trust with Persons Specified U/s. 13(3) of Income Tax Act, 1961

October 9, 2022 30282 Views 0 comment Print

Explore the intricacies of transactions by charitable trusts with specified persons under Section 13(3) of the Income Tax Act, 1961. Learn about exemptions, restrictions, and compliance to ensure lawful dealings.

Provisional ITC and Matching Concept under Section 41 of CGST Act, 2017 is now overruled w.e.f. 01.10.2022 

October 9, 2022 26268 Views 0 comment Print

section 41 of the CGST Act, 2017 provided that the ITC claimed by a taxpayer in GSTR 3B shall be provisional, until it is matched and finalised as per provision of section 42 & 43 and corresponding rules. However, this mechanism could never be implemented as GSTR 2 return was never filed.

Letter complaining against Justice D. Y. Chandrachud is malicious: BCI

October 9, 2022 3663 Views 0 comment Print

Bar Council of India has thoroughly examined contents of 165- pages long letter against Justice D. Y. Chandrachud and it finds that it is nothing but a scurrilous and malicious attempt to interfere with functioning of Judiciary and administration of Justice.

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