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Allow Urgent relaxation in GST Compliance due to Covid 19

April 22, 2021 13095 Views 4 comments Print

Jaipur Tax Bar Association has written a letter to Chief Minister of Rajasthan State and requested for Urgent Relaxation In GST Compliance due to Outbreak of Covid 19 again In whole country. JAIPUR TAX BAR ASSOCIATION 1101, Sushil Sadan, Rasta Churukan, S.M.S. Highway, Jaipur 302 003 (Affiliated with Bar Council of rajasthan Regn. 159/12 (x) […]

Supply of Remdesivir to 19 States/UTs with High Burden of COVID cases

April 22, 2021 447 Views 0 comment Print

Union Government allocates supply of Remdesivir to 19 States/UTs with High Burden of COVID cases. Manufacturers mapped to States to smoothen the Supply Chain. NPPA and the National Regulator to monitor movement and demand

FM assures ramp up in supply of Oxygen & Remdesivir to States

April 22, 2021 468 Views 0 comment Print

Finance Minister Smt. Nirmala Sitharaman assures ramp up in supply of Oxygen & Remdesivir to States; reiterates the importance of micro – containment policies over lockdown in virtual interaction with Industry Captains

Complete Refund for Non or partial allotted Rights Issue application on or before T+1 day

April 22, 2021 870 Views 0 comment Print

a. Refund for un-allotted / partial allotted application shall be completed on or before T+1 day (T: Basis of allotment day). b. Registrar to the issue, shall ensure that all data with respect to refund instructions is error free to avoid any technical rejections. Further, in case of any technical rejection of refund instruction, same shall be addressed promptly.

Taxes paid by Taxpayer includes TDS (Taxes paid on its behalf)

April 22, 2021 888 Views 0 comment Print

ACIT Vs North American Coal Corporation India Pvt. Ltd. (ITAT Pune) A careful perusal of the ITSC direction explicitly indicates that the AO shall compute the tax payable ‘after giving credit for taxes already paid by the applicant’. `Taxes already paid’ do not mean only the taxes directly paid by the assessee but also those […]

Live Coaching Classes for Students of CA Intermediate course

April 21, 2021 735 Views 0 comment Print

Live Coaching Classes (LCC) Batch -3 commencing from 10th May 2021 respectively for Students of Intermediate course appearing in Nov 2021 examination and Final course for Nov 2021 and May 2022 examination.

Section 80IC deduction allowable when existing plant & machinery not exceeds 20%

April 21, 2021 2880 Views 0 comment Print

DCIT Vs Pool Thevar Marimuthu (ITAT Chennai) The Assessing Officer alleged that assessee has used old plant and machinery previously used in the unit of M/s. Arun Plasto Moulders Private Ltd at Rs.31 ,20,023/- out of total plant and machinery installed at new unit of Rs.59,81,123/- and the said used plant and machinery is more […]

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income

April 20, 2021 113274 Views 0 comment Print

The reporting entities are advised to provide information of interest income, reported to Income Tax Department, to the account holder (in the form of Interest Certificate either through email or portal) which will enable taxpayers to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

Measures to Prevent/Control Covid-19 in Prisons/Correctional Homes

April 20, 2021 519 Views 0 comment Print

It is of utmost importance to follow test-track-treat protocol, which includes aggressive testing for early detection of Covid-19 positive cases, timely isolation and treatment. The prison authorities, in consultation and coordination with state health authorities, may ramp up testing in jails – both at the point of entry as well as regular testing of inmates as well as jail staff.

Rajasthan HC declines Bail in Alleged Fake ITC case of Rs. 47 crore

April 20, 2021 1023 Views 0 comment Print

Sumit Dutta Vs Union of India (Rajasthan High Court) FULL TEXT OF THE JUDGMENT/ORDER of RAJASTHAN HIGH COURT 1. Petitioner has filed this bail application under Section 439 of Cr.P.C. 2. Complainant No. IV(06)157/AE/JPR/2020 was registered at Central Goods and Service Tax & Central Excise Commisionrate, Jaipur, for offences under Section 132 of CGST Act, 2017. […]

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