FROM 1ST July 2021- NEW TDS PROVISION ON PURCHASES OF GOODS | SECTION 194Q | ANALYSIS OF SECTION 194Q A new provision of TDS is coming into force on the purchase of ‘goods’ with effect from 1st July 2021, under which the buyer of the goods has to deduct TDS from his seller at a […]
Divergent opinion on constitutional validity of Section 13(8)(b) IGST Act pertaining to intermediary services The Hon’ble Bombay HC in Dharmendra M. Jani v. Union of India [W.P. No. 2031 of 2018 dated June 09, 2021] Justice Ujjal Bhuyan held that Section 13(8)(b) of the Integrated Goods and Service Act, 2017 (“IGST Act”) is ultra vires […]
CESTAT set aside the order passed by the Commissioner (Appeals) disallowing the refund claims of the assessee on the ground that credit reversal in Form GSTR-3B pertains to GST credit and not CENVAT credit. Held that, procedural delay will not disentitle the assessee from claiming refund when credit had been reversed in Form GSTR-3B.
BARE ACT: Payment of certain amounts in cash. 194N. Every person, being,— i) a banking company to which the Banking Regulation Act, 1949 applies (including any bank or banking institution referred to in section 51 of that Act); ii) a co-operative society engaged in carrying on the business of banking; or iii) a post office, who […]
These are financial advice that even the common man understands. I request everyone to follow. 4 things that are very, very necessary for any person, whether they know i or not in share market or insurance or mutual find. These are really basic advices. These four things will give so much Financial protection to your […]
Objective of this article is to understand the reason behind the zero or minimal conviction rate in offences relating to Insider Trading in India. As per a RTI Reply received on 23rd November 2019 there were zero convictions in offences related to Insider Trading between 2014-2019.
For Filing the ITR you need to download a JSON-based offline utility. ITR-1 can be filed online also. The following steps are help to file ITR-1 at New e-Filing portal 2.0 STEP 1: After Login we should click on the Dashboard to find out the page where we can file our return STEP 2: Select […]
INTRODUCTION FAST-MOVING CONSUMER GOODS (hereafter referred to as FMCG) are goods that sell quickly and for a low price. Consumer packaged goods are another name for these goods. This is one of the industries that makes a significant contribution to our economy. India is one of the largest producers of FMCG products. The FMCG industry […]
1. What is Dividend? ♦ A dividend is a share of profits and retained earnings that a company pays out to its shareholders. When a company generates a profit and accumulates retained earnings, those earnings can be either reinvested in the business or paid out to shareholders as a dividend; ♦ However, Capitalization of Profit […]
In this article we will discuss all about what is softex form, requirements to fill softex form, procedures to obtain STPI registration, manner to file and process of approval softex form online and filling approved softex to AD i.e. remittee bank. 1. what is softex form Softex form are related to specifically export of software […]
