In the last two articles, we have discussed the Concept of Advance Ruling under Income Tax Act 1961 and Application for seeking Advance Ruling under Income Tax Act’1961.
Circular No. 129/48/2019 – GST dated 24th December, 2019 SOP in case of non-filers of GST returns 1. Section 46 of the CGST Act read with rule 68 of the CGST Rules, 2017 requires issuance of a notice in FORM GSTR-3A to a registered person who fails to furnish return under section 39 or section […]
Notification No. 75/2019–Central Tax Dated: 26th December, 2019 Blocking of E-way Bills for non-furnishing of GSTR-1 With effect from the 11th January, 2020, in rule 138E, after clause (b), the following clause shall be inserted, namely:- “(c) being a person other than a person specified in clause (a), has not furnished the statement of outward […]
Find out how to respond to outstanding income tax demands under Section 143(1). Learn the steps for online payment and dispute resolution.
Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department. The […]
To avoid paying tax on same income twice, one can use the provisions of the Double Taxation Avoidance Agreement (DTAA), a tax treaty India has signed with many countries.
Q 1. What is Employee Company Secretary Identification Number (eCSIN) Guidelines, 2019? Ans. It is 17 digit alphanumeric number used to enable the Institute to identify a Company Secretary employed in particular company and bring transparency. Q 2. What is the objective of Employee Company Secretary Identification Number (eCSIN) Guidelines, 2019? Ans. The Company Secretaries […]
‘Nidhi’ means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with the rules made by the Central Government for regulation of such class of companies.’
Public Provident Fund ( PPF) was initially introduced in India in 1968, which is now overruled by the new scheme introduced by Central Government on 12th December, 2019 i.e Public Provident Fund Scheme, 2019 vide notification No. G.S.R. 915(E). As we all aware that the Public Provident Fund (PPF) is considered as most important and […]
Sub-Comparison of Private Limited Company and LLP Both the Private Limited Company and LLP (Limited Liability Partnership) are corporate forms of business structures, yet there is difference between the two. The company form of structure is older but the LLP is comparatively a modern structure introduced in the year 2008 to provide more flexibility to […]
