New President and Vice President of the Institute of Company Secretaries of India (ICSI) for 2020. CS Ashish Garg, a Fellow Member of the Institute has been elected as President of the Institute of Company Secretaries of India for the year 2020 w.e.f. 19th January, 2020. CS Nagendra D Rao, a Fellow Member of the Institute has been elected as the Vice-President of the Institute of Company Secretaries of India for the year 2020 w.e.f. 19th January, 2020.
GSTN has declared on twitter that 65,64,871 GSTR 3B were filed till 20th January 2020 and it thanked Taxpayer for their Overwhelming response. GSTR 3B were filed for the Month of December 2019. Message come amid reports of Taxpayer not receiving OTP which is essential to file GSTR -3B. Many Taxpayer also complained of issues […]
As we all aware that the Public Provident Fund (PPF) is considered as most important and safe amongst all tax saving investments schemes. This scheme is falls under the EEE category i.e Exempt, Exempt and Exempt which actually means if you invest in it, you will get a deduction u/s 80C on your income. Further, […]
The inequality crisis remains unaddressed and out of control. Hundreds of millions of people are living in extreme poverty while large rewards go to those at the very top. In 2019, the world’s billionaires, only 2,153 people, had more wealth than the poorest 4.6 billion people combined, according to Oxfam. A new generation of inequalities […]
Various additions/disallowances made by AO were clearly beyond the scope of authority vested under s.153A owing to absence of any incriminating material or evidence deduced as a result of search in so far as completed assessments were concerned and the same was not permissible in law.
The issue under consideration is whether the expenses incurred against the retention money or unrealised income is allowed under mercantile system of accounting?
No addition could be made by way of deemed dividend in case advances or loan made to a share holder by the Company in the ordinary course of business where lending of money was a substantial part of the business of the Company.
The issue under consideration is whether remuneration paid to a partner acting in a representative capacity as karta of HUF is allowed u/s 40(b)?
CBCI has clarified on its Twitter handle that FORM GSTR-1 late fee waiver scheme has ended on 17th January 2020 and No further extension has been given. CBIC further clarified that a A fake tweet in this regard has been circulating in social media in which it is said that due date is been extended […]
The Mumbai Central Commissionerate has unearthed a multi-crore tax evasion racket that has been found to be transporting jewellery goods without paying GST, employing a unique modus operandi. Ministry of Finance Multi Crore Tax Evasion Racket by Jewellers with unique modus operandi unearthed by Mumbai GST Commissionerate Posted On: 18 JAN 2020 Mumbai, January 18, […]
