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What you need to keep in mind before September 30, 2020?

September 21, 2020 8442 Views 1 comment Print

The Central Board of Direct Taxes (CBDT) had earlier provided for the last day to file belated or revised returns for the assessment year 2019-20, and for the previous year (2018-19) which September 30, 2020. It has also been decided that the deadline to file taxes ends on September 30, 2020. On the other hand, for FY 2020, it is […]

Section 50 – NDPS Act applies in cases of Personal Search only

September 21, 2020 8604 Views 0 comment Print

Applicability of Section 50 of the NDPS Act in cases of Personal Search Only The Supreme Court of India has recently ruled a judgement under section 50 of the Narcotic Drugs and Psychotropic Substances Act 1985 holding the opinion that the section 50 of the abovementioned act shall be applicable only in cases of personal search and thereby affirmed the […]

GST Trans-1 Form to be Accepted either Electronically or Manually Within 30 Days

September 12, 2020 2361 Views 0 comment Print

In its recent ruling on September 9, 2020, the Andhra Pradesh High Court has reached a judgment out of a writ petition filed under Article 226 of the Constitution and ordering the respondent authority to permit acceptance of GST TRANS-1 to form either electronically or manually within a period of 30 days. Facts of the Case- The […]

Decriminalisation of various Offences under GST Laws

September 12, 2020 2355 Views 0 comment Print

It could be truly acknowledged that the year 2020 is a year of reformations and “Ease of Business” for the Indian masses. Starting from decriminalisation of various offences under Companies Act 2013 in Feb 2020 to new GST portal changes and the “Transparent Taxation and immunity from Prosecution” in August 2020. Similarly, most of the Government Departments are looking for […]

Motor Vehicle Compensation can also be Granted to Children & Parents

September 11, 2020 20331 Views 0 comment Print

Supreme Court in a recent ruling has observed that in the Motor Accident Compensation Claims, that the children and family would also be authorized for compensation under ‘Loss of consortium’ in claims of Motor Accident under the Act.

Importance of Annual Compliances for a “Company”

September 10, 2020 7719 Views 0 comment Print

Starting a company of your own may be a dream come true for you. However, most frequently, the persons intending to start a company are unaware of the important terms or compliances failing to comply which can lead them to expend hundreds or thousands in penalties. Apart from penalties, the company and its officers may also be required to […]

Why is “Keshvanand Bharati vs State of Kerela” still relevant today?

September 9, 2020 1479 Views 0 comment Print

The world got to know about the passing away of the sage Keshvanand Bharati or Kesavananda Bharati Sripadagalvaru at the Edaneer Mutt, in the early hours of 6th September 2020, whose petition made the Supreme Court of India reach a landmark decision on the celebrated doctrine of ‘basic structure of the Constitution‘ in 1973 and set a precedent for […]

Wife is Best Guardian for her husband – Bombay HC

September 8, 2020 5274 Views 2 comments Print

On 3rd September 2020, the Bombay High Court has passed a landmark ruling placing the wife in a position as a Guardian for her comatose (in the position of coma).  The Bombay High Court thereby affirmed that a spouse could be the best Guardian for his/her spouse and thus, appointed the spouse of a comatose man as his guardian for making it easier […]

Revision of Disclosure norms for Mutual Fund Houses Transactions

September 8, 2020 900 Views 0 comment Print

Slowly and steadily India is moving towards a transparent and efficient economic system through good corporate governance. While we witnessed changes in the Income-tax provisions and the revamped GST Portal for the ease of doing business, the capital market regulator of the country has also announced a revision in the disclosure requirements for transactions in […]

What’s new about the Faceless Assessment under Income Tax?

September 4, 2020 5019 Views 0 comment Print

CBDT had earlier this month notified the National e-Assessment Centre (NeAC) for all communications with the taxpayers under the faceless assessment scheme. Under the new system, taxpayers need to not to physically visit their regional jurisdiction tax officers or the IT department on receiving income tax scrutiny or assessment notices. The CBDT has also notified that the cases related to domestic […]

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