CA Amresh Vashisht

An open letter to Union Minister of Finance for opening a window to pay under SVLDRS

Excise Duty - Memorandum seeking a special measure for the opening of Limited Time Window to process of Payment of Taxes under Sabka Vishwas - (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS)...

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File GNL-1 for if looking for 2020 AGM Extension

Excise Duty - Ministry of Corporate Affairs has surprised all by issuing a circular No 28/2020 Dated 17th August 2010 clarifying about the extension of holding Annual General Meerut for the companies completing their financial year as at 31st March 2020. The said circular has suggested an old provision for application in GNL-1 for extension of Annual G...

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CA and Economic Patriotism

Excise Duty - Amidst, the pandemic with a firm hope to come out from this unexpected spell of hitting the world economies, Prime Minister Narendra Modi Ji addressed the nation on 12 May 2020 and declared to fight the pandemic coupled with the opportunity to be self-reliant. Thus, he has marked the national goal to become self-reliant with […]...

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Application for Exemption U/S. 10(23C)(VI) – Detailed Discussion

Excise Duty - As we all know that earlier application for granting exemption u/s 10(23C)(vi) is applied in Form 56D, which is now omitted w.e.f. 05 November, 2019. Notification No. 60/2019–Income Tax- CBDT amends rules 2C and 2CA related to Application for the purpose of grant of approval for the exemption under sub-clause (iv), sub-clause (v), s...

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Time to say Thank You & Respect Small Taxpayers from Business Sector

Excise Duty - Who are these people; they are those who are paying the taxes. They are traders; small entrepreneur, Hotelier, Manufacturers, professionals and they are called by a name VYAPARI. This is the time to say thanks to them and to award them with VYAPARI SAMMAN. ...

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Allahabad Bank – Empanelment for Concurrent & Revenue Audit

Excise Duty - Application For Concurrent / Revenue Audit ( Year 2015-16 )- 1. Allahabad Bank invites applications in the under noted prescribed format from practicing firms of Chartered Accountants of India who are willing to have their firm empanelled as Concurrent / Revenue Auditor in the Bank....

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Today is last day to submit form to secure Unstructured CPE learning Hours

Excise Duty - As per CPE learning which is eligible for CPE credit for Unstructured Learning Activities(ULAs), the members are required to submit their Self-declaration in the form enclosed once in a year before 31st May, to avail the CPE Hours Credit for the ULAs undergone by them in the previous year. These forms would have to be submitted to the con...

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Soon you will be able to Download your TDS Certificate online; Deductor will not be required to issue manually

Excise Duty - Under the new scheme Form 16/16A shall not be issued manually. A deductor shall download Form No. 16/16 A from the online system. The generation of firm 16/16A shall be based on the Form 26Q submitted by the Deductor. The tax credit shall be directly linked to the submission of TDS Returns. Every 16 /16A Form shall also have a unique Numb...

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Afresh attempt of ICWAI to rename its organisation to ICMAI fumes ICAI

Excise Duty - ICAI has expressed its serious concern to rename the ICWAI body to a name identical to Institute of Chartered Accountants of India. The matter of renaming Institute of Cost & Works Accountants of India proposed to name Institute of Cost & Management Accountant of India has been resurfaced again because of sub-clause II of clause (i) of Se...

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Appointment of statutory auditor for Public sector bank for 2009-10

Excise Duty - Allocation of Banks and finalisation of Statutory Branch Auditors are in process. It is expected that the same shall be completed by the end of first week of March.As you know there are 26 public sector banks and like previous year Fifteen banks shall opt for autonomy .But in practical ,there will not be change of any policy as these Bank...

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ST- Service Tax Levied On Presumptive Basis Not Sustainable

Al-Faheem Meatex Private Limited Vs Commissioner of Service Tax, Meerut (CESTAT Allahabad) - Show cause notice was issued without scrutiny of the taxable value on which service tax was due from the appellant. He submitted that had Revenue scrutinized the entire transaction that was reflected in balance sheet, Revenue would have come to know that the freight charges reflected in balance shee...

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IF Valuation referred by AO, then DVO valuation shall be final sale consideration for computing capital gain

Sudha Garg Vs ITO (ITAT Delhi) - Sudha Garg Vs ITO (ITAT Delhi) The assessing officer made the assessment order u/s 147/143(3). The only issue involved in this appeal is regarding computation of long term capital gain on sale of property located at Ghaziabad. The assessee has declared the long term capital gain on the sale of the s...

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Recent Posts in "CA Amresh Vashisht"

An open letter to Union Minister of Finance for opening a window to pay under SVLDRS

Memorandum seeking a special measure for the opening of Limited Time Window to process of Payment of Taxes under Sabka Vishwas - (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS)...

Read More
Posted Under: CA, CS, CMA |

File GNL-1 for if looking for 2020 AGM Extension

Ministry of Corporate Affairs has surprised all by issuing a circular No 28/2020 Dated 17th August 2010 clarifying about the extension of holding Annual General Meerut for the companies completing their financial year as at 31st March 2020. The said circular has suggested an old provision for application in GNL-1 for extension of Annual G...

Read More
Posted Under: CA, CS, CMA |

CA and Economic Patriotism

Amidst, the pandemic with a firm hope to come out from this unexpected spell of hitting the world economies, Prime Minister Narendra Modi Ji addressed the nation on 12 May 2020 and declared to fight the pandemic coupled with the opportunity to be self-reliant. Thus, he has marked the national goal to become self-reliant with […]...

Read More
Posted Under: CA, CS, CMA |

Application for Exemption U/S. 10(23C)(VI) – Detailed Discussion

As we all know that earlier application for granting exemption u/s 10(23C)(vi) is applied in Form 56D, which is now omitted w.e.f. 05 November, 2019. Notification No. 60/2019–Income Tax- CBDT amends rules 2C and 2CA related to Application for the purpose of grant of approval for the exemption under sub-clause (iv), sub-clause (v), s...

Read More
Posted Under: CA, CS, CMA |

Time to say Thank You & Respect Small Taxpayers from Business Sector

Who are these people; they are those who are paying the taxes. They are traders; small entrepreneur, Hotelier, Manufacturers, professionals and they are called by a name VYAPARI. This is the time to say thanks to them and to award them with VYAPARI SAMMAN. ...

Read More
Posted Under: CA, CS, CMA |

Appeal to President, ICAI for deferring May 20 exams to November 20

It is prayed to merge the May 2020 exam with November exams and initiate the remedial measures of providing options of students to their chosen groups etc. Further in a stressful and trying situation, and I look forward to your understanding to make decisions in a timely and well-informed manner....

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Decoding the End of Perpetuity Regime for NGOs, Charitable Trusts etc.

The Finance Act 2020 has brought in some dynamic changes in respect of the exempted Trusts, Societies, NGOs, Charitable Trusts, Section 8 Companies including educational, medical and/or religious institutions complying with the certain rules of registration under the Income Tax Act, 1961 (the Act). The registrations were perpetuity in nat...

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Posted Under: CA, CS, CMA |

108 Economist Vs 131 CA- Tracking The Trial

On 14th March 2019, The 108 economists and social scientists issued an open letter alleging that Indian statistics were “under a cloud for being influenced and indeed even controlled by political considerations.” In clear words they mention “[Any] statistics that cast an iota of doubt on the achievement of the government see...

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Posted Under: CA, CS, CMA |

Considerable Points for Staying of Income Tax Demand

Applications seeking of stay of demand during the pendency of first appeal before CIT (Appeals) are generally rejected in a casual manner causing considerable hardships to the assessee. The assessing officers insist to deposit 20% deposit of tax demand as per July 2017 revised guidelines as precondition to grant a stay. However, the same ...

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Posted Under: CA, CS, CMA |

Enforceability of Section 153A/ Section 153C –An Analysis

Section 153 A of the Income-tax Act, 1961 provides for the scheme of assessment of income in case of a searched person. In terms of the said section, the Assessing Officer can frame assessment of a searched person for six assessment years immediately preceding the year of search. One of such facet is whether while […]...

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Posted Under: CA, CS, CMA |

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