When we talk about a company, Board of directors of company are important persons who are responsible for operating a business operation of company. However, there some situations when the Management of company decides to remove a director due to any negligence, breach of privacy or any other condition. Term which a director was supposed […]
The concept of deposits was first introduced in 1974 through the Companies (Amendment) Act 1974, the said amendment was brought to curb the practices, that once the deposits were accepted by a company, the concerned company was not in the position to repay the same at the time of maturity. Section 2 (31) of Companies […]
1st October, 2020 was a crucial date for businesses to implement a major reform in the field of e-invoicing across the country. In recent times the Union of India is going through various structural reforms in the field of taxation and compliances like E-waybill in GST, Faceless Assessment scheme in Income Tax, Inter departmental data […]
Dear Friends/Taxpayers Recently, CBIC extended the date of filing of GSTR 9 from 30.09.2020 to 31.10.2020. Last date is approaching very fastly and still every taxpayer is facing number of challenges at the time of filing the GSTR 9 like; a) How to report the transactions or supply pertaining to FY 2017-18 in GSTR 9 […]
The battle with COVID-19 is not only to save the country and its people but also to ensure that the banking channels are working round the clock to cater to the needs of the public as well as financial market. Needless to say, that banking system is the backbone of any country and its failure […]
GOOD NEWS FOR ASSESSEE WHO HAD OR PLANNING TO PURCHASE ELECTRIC VEHICLE ON LOAN To encourage the purchase of ‘electric vehicle’, Govt of India had come with new incentive plan .In the union budget 2019, the government has announced an incentive for purchase electric vehicle. In the budget speech, the finance minister has stated that […]
1. The concept of Matching forms the backbone of ITC (Input Tax Credit) under the GST regime. According to this concept, ITC of the recipient for inward supply to be accepted only if the corresponding outward supply of supplier is matched. 2. Section 42 of the CGST Act prescribed the procedure for matching the outwards […]
माल की बिक्री पर लगने वाले टीसीएस के सम्बन्ध में 15 सवाल और उनके जवाब माल की बिक्री के सम्बन्ध में लागू हुए टीसीएस के प्रावधानों के बारे में कुछ सवाल और उनके जवाब यहाँ दिए जा रहे हैं जो कि सभी के लिए उपयोगी हो सकते हैं. कृपया एक बार ध्यान से पढ़ें :- […]
As we know that the September 2020 returns are the most crucial returns. Because these are the last returns to rectify the error made in the FY 19-20 returns. September 2020 returns has to be filed before time to make the changes as as the last date for rectifying the mistakes or availing the ITC […]
THE CURATIVE PETITION Evolved from the landmark case of ASHOK HURRA CASE to the appropriate usability of NIRBHAYA CASE. This curative petition has rendered and proved that now judiciary will not leave no stone unturned to give correct and proper and unbiased justice to the petitioner. The word “curative petition” means the petition filed by […]
