GSTR-7 is filed every month by the taxpayers who deduct TDS as per the GST regulations. The GSTR 7 return form includes the details of tax deducted at source, TDS liability that has been paid or is payable, TDS refund claimed (as per Section 54 of CGST Act, 2017), interest, late fees paid/payable. GSTR-7: Meaning […]
Acquisition And Transfer of Immovable Property In India: FEMA and International Taxation Perspective ACQUISITION AND TRANSFER OF IMMOVABLE PROPERTY – A NRI or an OCI may acquire immovable property in India other than an agricultural land or farm house or plantation property. POI as a category is no longer eligible to acquire immovable property as […]
Commencement of limitation period to file application under Section 9 of IBC in case of an Arbitral Award of Default Applicability of the Limitation Act, 1963 to proceedings under Insolvency and Bankruptcy Code, 2016 (IBC) had long been a debated issue. Initially, as IBC was silent on this issue, NCLAT in M/s Neelakanth Township and […]
EXTENSION OF DUE DATES UNDER INCOME TAX ACT- RELIEF MEASURE UNDER THE LOCKDOWN I. The Ministry of Finance, had announced few relief measures under the Income Tax Act, to the assesse under the pandemic COVID-19 by extending certain due dates in the The Taxation And Other Laws (Relaxation of certain Provisions) Ordinance, 2020 which was […]
Point no-1 Whether we need to update the information and transition period in classification, every year? As we know ministry of MSME has issued a notification as on 26th June 2020 which notifies certain criteria for classifying the enterprises as micro, small, and medium enterprise and specifying the form and procedure for filling memorandum w.e.f […]
Difference Between Equalisation Levy (El) on Specified Services and on E-commerce Supply of services The Finance Act 2020 has now been amended to impose an Equalisation Levy of 2% on consideration received by ‘e-commerce operator’ for e-commerce supply of goods or service. While the levy was initially imposed on B2B transactions, the present amendment attempts […]
Striking off the Company under section 248 of the Companies Act is one of the easiest method for winding up.In this article author has tried to explain the procedure of strike off the company in FAQ manner answering the question like What are the conditions under which the registrar can strike off the name of […]
Avoid penalties and maximize your refund with these income tax return filing tips for individuals. Learn what to keep in mind when filing your ITR for the first time.
Unraveling complexities in Income Tax Search & Seizure Operations: AO scenarios, New Claims, Section 143(2) Notice, Section 132 compliance, and the scope of Section 153A. Explore recent judgments and expert analysis.
CA Sudhir Halakhandi My Good wishes on the third anniversary of GST . Today is 1st. July 2020 and now 3 years have been passed since introduction of Goods and Service Tax in India. Now the time has come when we should analyse the performance of GST in our country. I have written so many […]
