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Archive: 02 September 2023

Posts in 02 September 2023

Checklist and procedure for Conversion of Private Company into LLP

September 2, 2023 4761 Views 1 comment Print

Explore the checklist and step-by-step procedure for converting a private limited company into an LLP under Section 56 of the LLP Act, 2008. Check eligibility criteria, required documents, and ensure a smooth conversion process.

सीजीएसटी नोटिफिकेशन संख्या 38 दिनांक 4 अगस्त 2023 – मुख्य संशोधन

September 2, 2023 1209 Views 0 comment Print

सीजीएसटी नोटिफिकेशन संख्या 38 दिनांक 4 अगस्त 2023  जीएसटी कौंसिल कि 50वीं बैठक के बाद लगातार कई सारे नोटिफिकेशन जारी किये गए हैं और बहुत सारे बदलाव हुए है, आप सभी ने वो सभी नोटिफिकेशन पढ़ लिए होंगे, कानूनी भाषा उनमे लिखी है, हम सब एक सामान्य तरीके से उनको समझने का प्रयास करेंगे – […]

Electronic ITC reversal and re-claim statement under GST

September 2, 2023 3084 Views 0 comment Print

Understand the new Electronic Credit Reversal and Re-claimed Statement in GST for efficient ITC reversal and re-claim. Learn about reporting, amending, and validating opening balances, with a deadline and amendment limitations. Stay compliant, reduce errors, and enhance transparency. Check your Electronic Credit Reversal and Re-claimed Statement on the GST portal for accurate ITC claims.

Condonation of delay in filing of LLP Form 3, Form 4, and Form 11

September 2, 2023 3906 Views 0 comment Print

Learn about the condonation of delay in filing LLP Form 3, Form 4, and Form 11 under Section 67 of the LLP Act, 2008. Explore the one-time relaxation in additional fees provided by the Ministry of Corporate Affairs (MCA) and the fee structure for compliance. Stay informed with insights and FAQs. Note: Consult professionals for personalized advice.

TDS on Cash Withdrawals

September 2, 2023 2592 Views 0 comment Print

TDS on Cash Withdraw Understand TDS on Cash Withdrawals with insights on applicability, rates, and exemptions. Section 194N mandates a 2% TDS on cash withdrawals exceeding ₹1 crore. Learn about the time and conditions for deduction, plus scenarios exempt from TDS. Author CA. Atif provides a detailed example for clarity.

इलेक्ट्रॉनिक क्रेडिट रिवर्सल और रिक्लेम आईटीसी

September 2, 2023 4977 Views 0 comment Print

जीएसटी विभाग  ने जीएसटी R3b में अधिसूचना के माध्यम से करदाता को प्राप्त आईटीसी रिवर्सल/ रिक्लेम आईटीसी और अयोग आईटीसी के संबंध में सही जानकारी देने के संबंध में यह परिवर्तन किया गया है। जब हम अधिसूचना संख्या 14/ 2022 /सेंट्रल टैक्स/ दिनांक 5 जुलाई 2022 तथा परिपत्र संख्या 170 /02 /2022/ जीएसटी /दिनांक 6 […]

Payments of PF and ESI made before filing of income tax return cannot be disallowed

September 2, 2023 1365 Views 0 comment Print

ITAT Mumbai held that disallowance on account of delayed payments of PF and ESI contribution unjustified as payment made well before the due date of filing of income tax return u/s. 139(1).

Delay in filing of an appeal not condoned as ignorance of law not sufficient cause

September 2, 2023 1776 Views 0 comment Print

ITAT Jaipur held that ignorance of law and bona fide belief cannot be termed as sufficient cause and hence condonation of delay in filing of an appeal not granted.

ITAT deletes Section 271D Penalty for Assessee with Majority Cheque Payments in Property Sale

September 2, 2023 6765 Views 0 comment Print

Assessee sold property for Rs. 50 Lacs, receiving Rs.45 Lacs through cheques and only Rs.5 Lacs in cash. Given transaction’s transparency and intent of Sec.269SS to curb black money, this case isn’t suitable for a Section 271D penalty.

Condonation not granted as reasonable cause for delay in filing of an appeal not shown

September 2, 2023 1371 Views 0 comment Print

ITAT Hyderabad held that condonation of delay in filing of an appeal not granted as the assessee miserably failed to prove her case for a reasonable cause not to file the appeals in time.

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