Everyone is talking about Recession and we heard this quite often in different parts of world and for different economies or Industries, in last couple of decades. Be it post mortgage crisis or current economic downturn we all are facing slow down. Even economists and analysts are discussing and predicting more recession for India now.
Tax Bar Association, Guwahat has made a representation on Compliance with GST Law and issues in maintaining details of HSN/SAC Summary of Supplies, Procedural difficulty in complying with the provisions of Rule 42 of the CGST Rules 2017, Procedural difficulty in complying with the provisions of Rule 43 of the CGST Rules 2017, Procedural difficulty […]
Tax Bar Association, Guwahat has made a representation on Compliance of Income Tax Laws Regarding CPC, Regarding TDS/TCS, Regarding CIT (Appeals), Settlement of Past Disputes (TDS), Regarding ITR and Other Forms, Exempted income specially in context of N E Region & Agricultural Income, E-assessments, Compliance, Special tax incentives for NE States, Deduction u/s 80DD/ 80U, […]
Now wait is over, finally gst council has come with a wonderful surprise of New gst return having SAHAJ and SUGAM. Earlier we heard that in the direct taxes for the ease of small taxpayers concept of SAHAJ and SUGAM came in the income tax return and it got huge popularity among the small taxpayers […]
As per Section 124 of Companies Act, 2015 Where a dividend has been declared by a company but has not been paid or claimed within 30 days from the date of the declaration to any shareholder entitled to the payment of the dividend, the company shall, within 7 days from the date of expiry of […]
Provision of Companies Act, 2013 related to Lending by Companies as amended by Companies (Amendment) Act, 2017 Section 185 – New Provisions with respect to giving loans or Providing any guarantee/security by the companies (made applicable with effect from 7th May 2018). With effect from 7th May 018 Section 185 newly substituted, as under : […]
This Article is as per THE COMPANIES (AMENDMENT) ACT, 2019, hereinafter referred to as the Act. When a company requires funds, financial assistance, working capital finance as loan or debt, or to raise capital for financing large scale projects and expanding its business they certainly approach the banks and the financial institution for the same. […]
To err is human and GST authorities are no exception. The adjudicating authority, while passing or issuing any decision or order or notice or certificate or any other document, it is expected to be free from errors. But errors may creep in inadvertently or unintentionally. It is the duty of the adjudicating authority, who has […]
It has been over 58 years since the Income-tax Act 1961 was drafted, needs an overhaul, but at the same time it should be in sync with the economic circumstances of the country. The income tax act, 1961 is just like a building (Income Tax Act,1961) which was constructed on a piece of land (Democracy) […]
We thought that first GST audit under GST regime would be over by the August end but it was not to be, the last data stands extended to 30th November, 2019 now. For whatever reasons, most of the taxpayers and professionals are not happy at this approach and looking at deferring permanent solution, while taking the entire system for a ride. On the contrary, Income tax returns have been filed very smoothly and with record return filings.
