Tax Compliance and Statutory due dates for the month of January, 2022
Posted Date : 01-Jan-2022 , 02:34:44 pm | Posted By
Ishita Ramani
Compliance calendar for the month of January, 2022
Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Income Tax Return or GST Return or complying with the ROC Annual...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 2001 |
 |
Reasons for Suspended CCI 2019 nod : Amazon deal with Future Co.
Posted Date : 28-Dec-2021 , 10:46:42 am | Posted By
CA. Dr. Gaurav Bhambri
In this article the main highlights are suspended CCI 2019 nod for Amazon deal with Future co. India's antitrust body competition commission of India (CCI) on Friday said Amazon's 2019 deal with Future to remain in abeyance, citing US e-commerce major's failure to notify certain comm...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 3867 |
|
Plan to ban most cryptocurrencies : India is set to go ahead with its plan under a long-awaited bill.
Posted Date : 26-Dec-2021 , 11:21:17 am | Posted By
CA. Dr. Gaurav Bhambri
In this article main highlights are the planned legislation aims "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India (RBI)".According to a government bulletin, the ban is part of the proposed Cryptocurrency and Regulati...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1063 |
|
First Mover Asia: Asia Bump Sends Bitcoin Over $49K
Posted Date : 22-Dec-2021 , 07:21:14 pm | Posted By
CA. Dr. Gaurav Bhambri
After a price bump during Asian hours, bitcoin was well above the $48,000 level for all of Tuesday after the opening of U.S. markets. At the time of publication, bitcoin had soared beyond the $49,000 threshold.
While bitcoin sellers have dominated the market during Asian hours for...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1227 |
|
Taxation of gains on crypto currencies
Posted Date : 02-Dec-2021 , 06:05:58 pm | Posted By
Mahesh Bansal
Millions of Indians have invested in crypto currencies and have made huge gains in last couple of years. Now, it is the time to file their income tax returns. But they are not sure how to treat the income from cryptocurrency trading in their ITR. Nothing is specifically prescribed in Income Tax laws...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 2139 |
|
Micro finance: Empowering a Billion Dreams
Posted Date : 01-Dec-2021 , 03:28:57 pm | Posted By
MANMOHAN JINDAL
Micro finance: Empowering a Billion Dreams (Inaugural Address by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - October 27, 2021 - at the Sa-Dhan National Conference on “Revitalizing Financial Inclusion”)
Highlights:
The theme for this year 2021...
Continue Reading...
Category : Bank |
Comments :
0 | Hits : 1974 |
|
New Indian Companies Act: More Flexible & Less Stringent
Posted Date : 26-Nov-2021 , 10:03:29 am | Posted By
CA. Dr. Gaurav Bhambri
In this article main highlights are changes like decriminalizing various penal provisions of the Companies Act, 2013, setting up more benches of NCLAT, the establishment of Corporate Social Responsibility (CSR), etc. were brought up in the Companies Act, 2013 on the suggestion of the Company Law Com...
Continue Reading...
Category : Corporate Law |
Comments :
5 | Hits : 23131 |
|
My Experience in Registered Valuer Exam
Posted Date : 21-Nov-2021 , 01:25:08 pm | Posted By
MANMOHAN JINDAL
My Experience in Registered Valuer Exam
Passed the exam with bright colours. I thank the Almighty and my parents for blessings.
Understand the concepts by reading thoroughly and by listening experts through webinars time and again. It is concept based exam.
After one or tw...
Continue Reading...
Category : ICAI |
Comments :
0 | Hits : 1853 |
|
GST Rate analysis on Ice-cream parlours supplying manufactured ice creams
Posted Date : 15-Nov-2021 , 11:11:59 pm | Posted By
CA Ronak Khandelwal
*Takeaway from 45th GST Council meeting*(Ice-cream parlours supplying manufactured ice creams)
Recently in the 45th GST council meeting, it has been recommended that "Ice-cream parlours supplying manufactured ice-creams will be taxed @ 18% GST”. Further, the Circular issued pursuant t...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1934 |
|
Forms of Business Existing in India and Which one to choose? – Simplified
Posted Date : 21-Oct-2021 , 06:33:12 pm | Posted By
CA Akhil Kumar
Before we all start a profit-oriented business, we have a query which form of business you should go with? Since there are lot of options we get confused like Proprietorship, Partnership firm, LLP, One Person Company, Private Limited and Public Limited Companies.
We have simplified the major forms ...
Continue Reading...
Category : General |
Comments :
0 | Hits : 2632 |
|
Risks of leaving your bank account dormant
Posted Date : 19-Oct-2021 , 04:47:03 pm | Posted By
Mahesh Bansal
Are you also in habit of leaving your bank accounts unattended for long? Then, it's time to be alert. You may be deprived of entire money in your accounts by fraudsters. Howsoever rich you may be, but you won't want your single rupee to be taken away by fraud.
In a latest development, Delhi Po...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 3122 |
|
Names of Audit Firms approved for appointment as Statutory Central Auditors (SCAs) in 12 Public Sector Banks for the year 2021-22
Posted Date : 14-Oct-2021 , 07:50:21 am | Posted By
CA.Khurana Vivek
Names of Audit Firms approved for appointment as Statutory Central Auditors (SCAs) in 12 Public Sector Banks for the year 2021-22
Sl. No. Name of the Bank Names of audit firms approved for appointment as SCAs for FY 2021-22 Term in FY 2021-22 (in years)
1
...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 8085 |
|
India’s app developers, start-ups seek interim relief from CCI against Google’s new billing policy
Posted Date : 11-Oct-2021 , 07:04:24 pm | Posted By
CA. Dr. Gaurav Bhambri
This article is focus about the Alliance of Digital India Foundation (ADIF) on behalf of India’s app-developers & the start-up community has filed a petition before the Competition Commision of India (CCI) against Google’s new billing policy which comes into effect from March 2022. T...
Continue Reading...
Category : Corporate Law |
Comments :
5 | Hits : 18781 |
|
LEGALITY STATUS OF ITC BLOCK BY GST DEPARTMENT
Posted Date : 07-Oct-2021 , 04:11:18 pm | Posted By
CA. PIYUSH KAPOOR
The article explains the Meaning of Input Tax, Eligibility and Condition of Taking input tax credit, what is Blocked Credit under GST, and the Legality of block credit
Introduction
“input tax” in relation to a registered person, means the central tax, State tax, integra...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 2274 |
|
Turnover Calculation & Taxability of Future & Options – Simplified
Posted Date : 06-Oct-2021 , 03:30:27 pm | Posted By
CA Akhil Kumar
Future and Options is a derivative tool which was designed to hedge a portfolio but we all are aware that it has become one of the most traded instruments for regular gains. Hence Income Tax has realized the above and the Income from Future and Options is taxable under the head ‘Income from ...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 2230 |
|
Highlights of 45th GST Council Meeting dated 17th September, 2021
Posted Date : 20-Sep-2021 , 11:50:49 am | Posted By
Ishita Ramani
Introduction
The 45th GST Council Meeting was held on 17th September, 2021 under the charimanship of Honourable Finance Minister Smt. Nirmala Sitharaman. The said Meeting took place at Lucknow, Uttar Pradesh. The meeting was attended by MOS Shri Pankaj Chaudhri besides Finance Ministers of States &...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 2048 |
|
Tax Compliance and Statutory due dates for the month of September, 2021
Posted Date : 01-Sep-2021 , 06:40:10 pm | Posted By
Ishita Ramani
Compliance Calendar for the month of September 2021
It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before the due dates. It is important to stay compliant with enormous compliance falling in the y...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 2697 |
|
Latest GST News, Information, Notifications & Announcements
Posted Date : 18-Aug-2021 , 05:59:53 pm | Posted By
CA. Dr. Gaurav Bhambri
Author CA.Dr. Gaurav Bhambri
Latest GST News
1. 2021 GST Updates
30th July 2021
A GST registered person whose aggregate turnover in the financial year 2020-21 is up to Rs.2 crore has been given exemption from filing Form GSTR-9 (annual return) for the FY 20202-21.
The section 35...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1899 |
|
Solution to problem of New Income Tax Portal
Posted Date : 17-Aug-2021 , 03:55:17 pm | Posted By
CA. Dr. Gaurav Bhambri
In this article, I have tried to cover up most of the issues commonly being faced & there suggested resolutions.
1. Whether filing of ITR for AY 2021-22 started on New Income Tax Portal?
Yes, ITR filing has started on New IT Portal. Form ITR 1 & ITR 4 can be filed with both offline utility...
Continue Reading...
Category : Income Tax |
Comments :
5 | Hits : 7829 |
|
90 unique problems related to new income tax e-filing portal reported
Posted Date : 17-Aug-2021 , 03:49:38 pm | Posted By
CA. Dr. Gaurav Bhambri
The government has said that more than 700 emails dealing with 2000 issues including 90 unique issues/problems in the new income tax e-filing portal have been received from various stakeholders. These issues were reported by various stakeholders including tax professionals, Institute of Chartered Ac...
Continue Reading...
Category : Income Tax |
Comments :
4 | Hits : 21497 |
|
|
