Understand the provisions of Section 270AA for immunization from income tax penalties. Learn how to apply for immunity from penalty and proceedings under Section 270A.
What is LLP Settlement scheme 2020 The defaulting LLP (which has made default in filing of documents in due dates specified under LLP Act,2008) can file the documents which were due for filing till 31st October,2019 on payment of additional fees of Rs. 10/-per day instead of Rs. 100/- per day provided that such payment of additional fees shall not exceed Rs. 5000/- per documents.
In this article we would be discussing the third moot question i.e. is it mandatory to issue notice for dispute in reply to demand notice for raising dispute under IBC
CBIC vide press release dated 14 March 2020 stated that No Late fees for delayed filing of the Annual Return for the financial year 2017-18 and 2018-19 for taxpayers with aggregate turnover less than Rs. 2 crores. Before this, filing of GSTR 9 was made optional for those with a turnover of less than Rs 2 crores […]
Legal Analysis of the condition of payment of tax by the seller for availing ITC by buyer [Section 16(2)(c)] Input Tax Credit is the soul of the GST Law. Ever since the enactment of the Goods and Services Tax Act, 2017 conditions for availment of input tax credit has been the subject matter of debate. […]
In this article , an attempt has been made to simplify the content of Ruling by Tamilnadu AAR in response to question raised by M/S Shapporji Pallonji & Co Pvt Ltd. Whether mobilization advance received prior to implementation of GST towards supply of Works Contract Service is subjected to GST? Facts & Figures: M/s. […]
Article explains Circumstances to be fulfilled for availing exemption under section 54F, What ‘Net Consideration’ means for Section 54F, Non-availability of exemption under section 54F, Amount of exemption available under section 54F, Circumstances under which Section 54F exemption would be withdrawn and Synopsis of the entire provisions of section 54F of the Income Tax Act. […]
Foreign Exchange Management (Debt) And (Non-Debt) Regulations, 2019 Read With (Non-Debt) Amendment Regulations, 2019 A STEP TOWARDS STREAMLINING THE INVESTMENT PROCESS IN INDIA To bring in line the changes as proposed in the Finance Act, the Ministry of Finance vide its Notification (S.O. 3732(E)) dated October 17, 2019 notified the Foreign Exchange Management (Non-debt Instruments) […]
Various recommendations have been made by the GST Council in its meeting held on 14.03.2020 which is likely to be notified soon. Relevant points are as follows: 1. Interest for delay in payment of GST to be charged on net cash tax liability w.e.f. 01.07.2017 instead of gross tax liability (Law to be amended retrospectively). 2. […]
That’s why if you start any business must considered Legal Compliance Management Company first. thay give proper guidance legal and compliance auditing services and same handle every thing through legal and regulatory compliance software. In today’s legal landscape, commencing a private practice as a health care service provider be it a small Clinic, individual practice, […]
