GST Act 2017 has introduced several discrepancies. Read harmoniously to make sense of them. We explore how to read the Act and find certainty.
Discover the Percentage Completion Method for Undisclosed Cash Receipts! Learn how the Excel sheet found during a search can be used as evidence and how figures mentioned in the sheet can be relied upon. Tax implications are also discussed!
Discover what disclosure requirements need to be made when promoters of listed companies encumber their shares, as dictated by Regulation 31 of SEBI’s Takeover Regulations. Learn more about the particulars involved!
HC held that, directing assessee to prefer an appeal will not be effective as the facts, which it seeks to bring on record were not a part of records before original authority.
Understand the distinction between the OPGSP and OEIF guidelines issued by the RBI for export/import payments. Learn the difference in requirements for foreign entities opening offices and maximum values for payments processes.
This article explains the appointment of an auditor in a casual vacancy under Companies Act 2013 according to Section 139(8). Learn how to fill a vacancy due to resignation of an auditor and understand Section 140(2) and 140(3) of Companies Act 2013.
ITAT Kolkata held that disclosure of undisclosed income under IDS, 2016 on which taxes are duly paid cannot be further added as undisclosed stock. Claim of set off of undisclosed income duly available against the undisclosed stock surrendered during the course of survey.
Commission earned by assessee on such “cheque discounting” was chargeable at 0.25% of total deposits in the bank accounts owned/ operated by the assessee as commission income of the assessee for the assessment year under consideration in absence of details provided by assessee for arriving at any methodology along-with supporting evidence viz. details of beneficiaries, details of middlemen, basis of arriving at commission etc.
Matter for denying the lower rate of duty prescribed for heading no. 3105 corresponding to ‘other fertilisers’ in Schedule to Central Excise Tariff Act, 1985 was remanded back to the original authority for subjecting the statement of the employee, considered to be of particular relevance in determining the outcome of the impugned order, to the prescriptive mandate of section 9D of Central Excise Act, 1944.
Investing and trading have different advantages and disadvantages. Learn more about the difference before making an informed decision of your investment strategy. With keyphrase Trading and Investing: A Brief Overview.
