Unadjusted part of mobilization advance received prior to July 01, 2017 held as taxable under GST The West Bengal AAAR vide its Order No. 11/WBAAAR/APPEAL/2019 dated 16.12.2019 uphold the advance ruling given by West Bengal AAR (Order No. 18/WBAAR/2019-20 dated 19.08.2019), wherein it was held that unadjusted part of mobilization advance received prior to July […]
MCA has vide notification no. G.S.R. 804(E) dated 01st December, 2019 introduced new rules called the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019 for person eligible and willing to be appointed as an Independent Director. The rule states the compliances to be carried out before the appointment of independent director as well […]
Dear Professional brothers and sisters I have a thought in my heart that what is the definition of PRACTITIONER and what is his ‘ROLE IN BUSINESS SOCIETY”. So, I am preparing this article for dedicated to my professional brothers and sisters. Kindly read and think I am correct or not and kindly give your valuable […]
A couple of years back, the only option available to home buyers was to approach consumer court to proceed against the developer. The enactment of Insolvency and Bankruptcy Code (IBC) in 2016 strengthened the position of homebuyers by expanding the options for redressal of grievances. Initially, when IBC came into force there was no clarity […]
38th council meeting which is the last meeting of the year held on 18th December, 2019 chaired by our honorable Union Finance Minister for Finance and Corporate affairs Smt Nirmala Sitharaman. The GST Council has taken several decisions in order to improve revenue collection, for GST rates rationalization.
TAX DEDUCTORS: IT’S TIME TO FILE TDS RETURN FOR QUARTER 3 OF FINANCIAL YEAR 2019-20 31st January, 2020 is the last date for filing TDS statement for the quarter October- December, 2019. The more you delay, the more you pay! 1. Time Limit to File Statement for quarter ending on 31.12.2019: Due date of filing […]
Every Political Party, whether big or small, need funds to run its’ election campaigns, advertise heavily and buy votes to win the elections. With elections around the corner in various Legislative Assemblies and the upcoming elections of Lok Sabha in 2019, the political funding flight is on the runway to take-off.
Avoid penalties for non-filing of ITR before December 31st, 2019. Learn about Section 271F and the consequences of not filing your income tax return on time.
ncome from House Property covers the rent earned from the House property which is chargeable to tax. Sometimes, the owner may have to pay tax on ‘deemed rent’ in case the property is not let out or vacant. The income from house property would be taxable if it satisfies the following three essential conditions:
Objection to be filed by the assessee in case notice u/s 148 is issued to the assessee . Below is the complete procedure laid down by the Hon’ble SC In the case of GKN Driveshafts (India) Limited v. ITO (2003) 259 ITR19(sc), The Hon’ble Supreme Court has laid down an elaborate procedure as to the […]
