फायदा देखो यार – Avoid Confusion with Normal & Composition- Make/Modify choice with this Excel worksheet If a businessman chooses the type of his GST registration without calculating the actual impact of his choice, there is scope for making wrong choice. This article explains what should be the real basis for selecting the right type […]
In the present article, we will discuss detail description and purpose of Authority of Advance Ruling (AAR) established under GST. I will try to cover or describe all the need and purposes of AAR under GST. INTRODUCTION: “Advance ruling” means a decision provided by the Authority or the Appellate Authority to an applicant on matters […]
Pak-Indo-Lanka, Joint Management Committee (Hereinafter, ‘PILCOM’) filed a special leave petition (Civil Appeal No. 5749/2012) in Supreme Court challenging the decision of High Court of Calcutta whereby High Court dismissed Income Tax Appeal No. 196 of 2000 and affirmed the view taken by the Income Tax Appellate Tribunal, Calcutta.
This article covers the provisions of The Income Tax Act, 1961 and rules made there under in regard to the Carry Forward and Set Off of Losses. The Income Tax Act has prescribed rules to set-off loss arising from one head against other heads of income. The process of setting off of losses and their […]
The dilemma of which scheme should an employee opt for Income tax in FY 20-21 Everything has been changed in the beginning of new FY 2020-21 like the new virus, lockdown, work from home and also popped up new question i.e. ‘Which scheme should an employee opt for Income Tax ?’ A new section 115BAC […]
Vivad se Vishwas is a direct tax scheme for settling tax disputes between assessee’s and the income tax department. The extension of the deadline has come as a relief for those individuals who want to settle their tax disputes. The Government on May 13, 2020, announced that is has extended the deadline for tax […]
As per The Companies Act, 2013 – Every company is required to file the annual accounts & annual returns within 30 days and 60 days respectively from the conclusion of the Annual General Meeting. The ROC filing of annual accounts is governed under Section 129 (3), 137, of The Companies Act , 2013 read with […]
Acceptance of Deposits Section 73 to 76 of the Companies Act 2013 (herein after called the Act) read with Rules made under Chapter V of the Companies Act, 2013 Acceptance of deposit Deposit is one of the sources available with company to raise funds for meeting its short term and long term fund requirements. Section […]
Extensions and relaxations announced in the due dates of Goods and Services Tax Act by the Government of India in the wake of COVID-19 Notification No. 31/2020; 32/2020; 33/2020; 36/2020 CGST Act 2017 GST COMPLIANCES CHART – JUNE 2020 MONTH GST T/O UPTO1.5CRT/O > 1.5CRUPTO 5CR T/O > 5CR FEB 20 GSTR 3B 30/06/20 29/06/20 […]
INTRODUCTION:– The word ‘Composition’ comes from the Latin , meaning ‘Put together’. It is a feature of Indirect tax laws that in order to provide comfort to an assessee from completing with the requirement of paying tax on value addition by maintaining details of ‘inputs’ & ‘outputs’, an option is provided to go for a […]
