1. Background When a foreign Company holds shares of foreign companies which having substantial interest in Indian entities and derive their value from Indian assets. In this article we are addressing if a company transfers its stake of Foreign entity outside India whether capital gains will be applicable on the said transaction. This Article addresses […]
Article summarises 5 recent Judicial ruling in which it was held that 1. Order of Prohibition passed by DC without authorization is invalid 2. Best Judgement assessment cannot be invoked on failure to file GSTR-3B 3. The ex-parte assessment order passed during lockdown period needs to be Quashed 4. No GST on Whole Time Director’s […]
History repeats itself with the second article of mine, updated with latest instructions on government securities, particularly after the first one published in 2018 on the same subject. Introduction of an electronic screen-based trading system, dematerialized holding, straight through processing, establishment of the Clearing Corporation of India Ltd. (CCIL) as the Central Counter Party (CCP) […]
OUTPUT LIABILITY OF POINT 4, 10 & 11 of GST ANNUAL RETURN FY 2018-19 Sales Part Illustration Illustration -1 Illustration -2 Illustration -3 Particulars IGST CGST SGST IGST CGST SGST IGST CGST SGST Sales as per Books FY 18-19 42000 30000 30000 42000 30000 30000 42000 30000 30000 Sales Returns as per Books FY 18-19 […]
Practical Aspects – How To Undertake Meetings Through Video Conferencing (VC) Or Other Audio Video Means (OAVM), Known As Electronic Mode, Its Requirements With Step By Step Process
INSERTION OF NEW SECTION 194K FOR TDS ON DIVIDEND INCOME IN RESPECT OF UNITS OF MUTUAL FUNDS Background 1. Existing Tax Regime: How STT came into picture? a. When some taxpayers started evading tax on capital gains by not showing the details of gain on the sale of stocks b. The Finance Act, in 2004, […]
When the supplier uploads the B2B transaction details in GSTR-1& 5/ & ISD details will be auto-populated on submission of GSTR-6 by the counterparty / & TDS & TCS details will be auto-populated on filing of GSTR-7 & 8 respectively by the counter party.
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended date for GST filings, return lower or nil Interest, Late fee & Penalty for Regular & Composite Taxpayers. I have prepared an article regarding various changes in Goods & Service Tax. This article provides summary of major changes from the inception of Lock […]
Article contains Procedure for Splitting of Share Certificate, Format of Request Letter for Splitting of Share Certificate, Format of Board Resolution for Splitting of Share Certificate and Format of Share Certificate split in lieu of Original Share Certificate. What is the procedure if a shareholder wants to split his share certificate into two share certificates […]
Explore IND AS 32: Financial Instruments (Presentation) and understand the contractual nature of financial assets and liabilities.
