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Archive: 04 September 2023

Posts in 04 September 2023

Mera Bill Mera Adhikar Scheme: GST Lottery Rewards for Taxpayers

September 4, 2023 23244 Views 0 comment Print

Discover Mera Bill Mera Adhikar scheme, a GST lottery for taxpayers, rewarding those who demand GST invoices. Learn how to participate and benefit from this initiative.

Attribution of profit unsustainable in absence of Permanent Establishment in India

September 4, 2023 873 Views 0 comment Print

ITAT Delhi held that attribution of profit from offshore supply and services to the Permanent Establishment unsustainable as assessee didn’t have any Permanent Establishment in India in the assessment years under dispute.

Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2023

September 4, 2023 6801 Views 0 comment Print

Explore 2023 updates to Prevention of Money-laundering (Maintenance of Records) Rules. Learn how these changes impact trust, control, and reporting.

Tax Implication on Gifts Under Section 56(2)(x)(b) of Income Tax Act, 1961

September 4, 2023 55452 Views 16 comments Print

In this blog, we will discuss provisions relevant with taxation of gifts in the hands of individual. First of all, receiver must ensure that gift is from genuine source and is not involving any black money and proceeds of crime.

How to Draft Income Tax and GST Notice Reply

September 4, 2023 9213 Views 0 comment Print

Learn how to effectively draft replies to Income Tax and GST notices. Navigate recent tax law changes, faceless scrutiny, and utilize professional drafting skills. Ensure compliance, avoid defaults, and protect your interests. Expert advice from CA. Shiv Kumar Sharma.

AO cannot interpolate Salary for extra work on mere presumption of Monthly Payment

September 4, 2023 420 Views 0 comment Print

Assessing Officer’s claims on the irregularity of additional salary payments are unfounded, says ITAT. When payments are made via cheque and duly recorded, there’s no reason to treat them as ‘outside the books.’ The assessee provided evidence that these are year-end calculations, not fictitious transactions. The additional salaries are legitimate and shouldn’t be interpolated for 12 months.

Complete Guide to Start-up Registration in India: Eligibility, Benefits & Process

September 4, 2023 8574 Views 0 comment Print

Discover ins and outs of registering your start-up in India. Understand eligibility criteria, benefits like tax exemptions, and the step-by-step registration process.

MCA Imposes Rs. 6 Lakh Penalty for Non-Maintenance of Registered Office

September 4, 2023 21789 Views 0 comment Print

Tunwal E-Vehicle India Pvt. Ltd. & its directors ordered to pay penalty for not maintaining its registered office under Companies Act, 2013.

Representation on adjustments (over & above 20% of disputed demand) by CPC

September 4, 2023 3252 Views 0 comment Print

KSCAA Representation regarding adjustments (over and above 20% of disputed demand) by CPC despite assessments pending before first appellate authority

Indian Cyber Crime Coordination Centre (I4C): Alert on Counterfeit Emails

September 4, 2023 12504 Views 0 comment Print

An urgent alert from Indian Cyber Crime Coordination Centre (I4C) about counterfeit emails impersonating its CEO. Learn how to recognize these deceptive messages and what actions are being taken.

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