Volatility is a double edged sword. The recent crash of March 2020 and subsequent faster recovery has amplified this fact. Those who had taken the risk of investing during the crash are now reaping the benefits. However, the reality is that the risk of volatility deters many individuals with low risk appetite from investing into […]
New to Stock Market – Things should be aware of Taxes (3 minutes read) During the pandemic time most thinking about the extra sources of Income. From that majority started trading in Stock Market. Sure they are rewarded with handsome profits during the last financial year, 2020-21. But it is Tax time one should aware […]
Goods that are classifiable as used personal and household effect falls under Rule 138 (14) (a) of the Kerala Goods and Services Tax Rules, 2017 and are exempted from the requirement of e-way bill.
In FR TRADE LINKS v. STATE TAX OFFICER [WP(C) NO. 28917 OF 2020 dated August 05, 2021], FR Trade Links (Petitioner) filed Writ Petition at the Hon’ble Kerala High Court challenging the orders cancelling his certificate of registration under the CGST/SGST Act and rejection of his application for revocation of cancellation of registration certificate. The […]
The Hon’ble Supreme in the current matter observed that there was indeed a creation of a secured debt in favour of the State Bank of India which was later transferred to the Respondent. Noted, the Respondent cannot be prevented from exercising its rights as a secured creditor on the pretext that there was a debt to the Excise Government arising from a confiscation order.
Dont miss your last chance to submit an application to Settlement Commission by 30.09.2021! Learn more about this opportunity and how it impacts taxpayers.
CHAPTER 1 – INTRODUCTION 1.1 AIM & SCOPE The aim is to understand the control of Cryptocurrencies in Indian market and what the legal status is as well as in future what it will holds. This study also focuses on the pros and cons of Bitcoin and how does Bitcoin actually works. 1.2 STATEMENT OF […]
In the absence of any clear-cut clarification from the Govt., some dealers and manufacturers are taking a safe measure by charging 28% GST. If the dealers and manufacturers opt for 5% GST on the electric vehicles sold without battery, then the litigation may arise in future. Thus, there is a dire need from the Govt. to clear the dust regarding the taxability of electric vehicles sold without battery under GST as early as possible to avoid further disputes and litigations on the same.
A guiding note for freshers who intends to start Income tax practice with no commerce background I had been a science student with no commerce back ground. But I am in Income tax practice for the last 32 years. A brief background is as under. I completed my BSc. with mathematics from Nehru College, Faridabad, […]
Extension of time lines for filing of Income-tax returns (Audit /Non-Audit cases both and Furnishing of belated/revised Return of Income for the Assessment Year 2021-22) and various reports of audit including Tax Audit/ Transfer Pricing Audit for the Assessment Year 2021-22 by the Central Board of Direct Taxes (CBDT) vide Circular No. 17/2021 dated 09.09.2021 […]
