Posted Date : 24-Feb-2020 , 11:48:18 am | Posted By CA. PIYUSH KAPOOR

INTRODUCTION   The government imposed a tax collection at source akin to TDS on remittances — after an internal survey by the income tax department, showed that a large number of those sending out money had not filed income tax returns. The finance bill 2020 has proposed an amendment to ...

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Category : Income Tax | Comments : 0 | Hits : 1739

Posted Date : 22-Feb-2020 , 09:39:06 am | Posted By May I Help You.

1) Visit the income tax department's e-filing portal and click on "Instant PAN through Aadhaar" section under "Quick Links" on the left side. 2) Click on "Get New PAN" on the new page. 3) Enter your Aadhaar number for allotment of new PAN card and the Captcha code to generate an OTP on your Aadhaa...

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Category : Income Tax | Comments : 0 | Hits : 1536

Posted Date : 14-Feb-2020 , 06:36:09 pm | Posted By CA. PIYUSH KAPOOR

Meaning under GST ACT  ‘Search’ involves an attempt to find something. Search, in tax/legal parlance, is an action of a government official (a tax officer or a police officer, depending on the case) to go and look through or examine carefully a place, person, object etc. in order to...

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Category : GST | Comments : 0 | Hits : 1939

Posted Date : 09-Feb-2020 , 03:10:01 pm | Posted By Anshul Medatwal

ITC on Corporate Social Responsibility Some Important Definitions:     Goods means every kind of movable property other than money and securities but includes actionable claim, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before s...

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Category : GST | Comments : 0 | Hits : 1721

Posted Date : 02-Feb-2020 , 07:09:49 pm | Posted By ATUL KHURANA

Dear Readers, Here I am presenting the simplified and summarized version of Direct Tax Proposals in Union Budget 2020 presented by Honorable Finance Minister of India on Feb 1, 2020. This article will help you to grasp the new insertions/amendments without going into the depth of each and every se...

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Category : Income Tax | Comments : 0 | Hits : 2011

Posted Date : 14-Jan-2020 , 09:02:39 pm | Posted By CA Prabhava Hegde

Goods and Service Tax is the best step in India’s indirect tax reforms. GST is a path breaking indirect tax regime which creates a national common market. GST was implemented not only to get rid of fallacies of the then indirect tax models but also to improve tax compliances and check black ma...

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Category : GST | Comments : 0 | Hits : 606

Posted Date : 08-Jan-2020 , 07:22:29 pm | Posted By Akash Dhanuka

Section - 270AA, Income-tax Act, 1961 Immunity from imposition of penalty, etc. 270AA.    (1) An assessee may make an application to the Assessing Officer to grant immunity from imposition of penalty under section 270A and initiation of proceedings under section 276C&n...

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Category : Income Tax | Comments : 0 | Hits : 3338

Posted Date : 06-Jan-2020 , 10:03:26 am | Posted By May I Help You.

A.         Empanelment of CA firms/LLPs Chartered Accountant firms (firms) and Limited Liability Partnerships (LLPs) in India with at least one full time [1] FCA (Partner/Sole Proprietor) can apply for empanelment with this office for the purpo...

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Category : Income Tax | Comments : 0 | Hits : 4839

Posted Date : 06-Jan-2020 , 12:06:40 am | Posted By Akash Dhanuka

Taxation of land or building or both under income tax act, 1961 certain issues..   1) Normally, there are two types of transaction that prevailed in the transfer of land or building or both. One is transfer made for some consideration and other is without consideration which is generally term...

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Category : Income Tax | Comments : 0 | Hits : 1879

Posted Date : 04-Jan-2020 , 10:22:16 pm | Posted By Akash Dhanuka

General notes on Return of losses us 139(3) followed by chapter VI consisting of section 70 to 80.   1) if the assessee consisting of any losses , the loss return shall be filled us 139(3).   2) for company and firm it is mandatory to filled their return even in the cases of losses. ...

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Category : Income Tax | Comments : 0 | Hits : 1695

Posted Date : 06-Nov-2019 , 05:03:21 pm | Posted By ATUL

Overseas Direct Investment (ODI) Overseas investment in Joint Venture (JV) and wholly-owned subsidiaries (WOS) have been recognized as important avenues for promoting global business by Indian entrepreneurs in terms of Foreign exchange earnings like dividend, royalty, technical know-how and other ...

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Category : FEMA | Comments : 0 | Hits : 3747

Posted Date : 04-Nov-2019 , 10:58:48 pm | Posted By Rishi Goyal

For issuing Show Cause Notice and receive replies in respect of non-compliance of provisions of Companies Act 2013, MINISTRY OF CORPORATE AFFAIRS has implemented online web portal - Compliance Monitoring System (https://mcacms.gov.in).   MCACMS (MINISTRY OF CORPORATE AFFAIRS COMPLAINCE MONITORI...

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Category : Corporate Law | Comments : 0 | Hits : 3255

Posted Date : 18-Oct-2019 , 11:08:29 am | Posted By CA. Shiv Kumar Sharma

Niti Aayog Registration The government of India has started automation in nearly all fields and now wants to maintain an online database of all Registration Process. With this aim, now the Government of India has made it mandatory for all NGO/ Society/ Trust, who wants to avail any Government grant...

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Category : General | Comments : 0 | Hits : 3580

Posted Date : 13-Oct-2019 , 06:19:09 pm | Posted By CS Piyush Jain

Introduction   Limited Review can be defined as the audit of financial statements on quarterly basis.   Listed companies are required to conduct limited review through statutory auditors   Every listed co. under clause 41 of the listing agreement is required to fur...

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Category : SEBI | Comments : 0 | Hits : 3371

Posted Date : 10-Oct-2019 , 12:39:16 pm | Posted By RATHI

A COMPARISON OF TWO CO-OP. BANK FAILURES – MADHAVPURA BANK & PMC BANK   Since 23rd Sept, 2019, there is lot of stress in the Co-op. Banking Sector in the Indian Economy. On 24th September, the Reserve Bank of India, keeping aside the normal procedure of issuing a notice for irregulari...

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Category : Banking | Comments : 1 | Hits : 12374

Posted Date : 02-Oct-2019 , 11:07:45 pm | Posted By CS Piyush Jain

What is Form BEN – 2?? According to Section 90 of Companies Act, 2013; every company is required to file the declaration to the concerned RoC i.r.o. Significant Beneficial Owners of the company, Disclosing their interest in the company by way of : -   shareholding or &nbs...

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Category : Corporate Law | Comments : 0 | Hits : 2738

Posted Date : 01-Oct-2019 , 10:24:07 am | Posted By CA. Shiv Kumar Sharma

HOW TO INCREASE SHARE CAPITAL OF LIMITED COMPANY When a company wants to Increase its share capital, then it has to follow a specified procedure as laid down by Companies Act, 2013. Section 61 of Companies Act, 2013 describes about power of Limited Company to alter its share capital. According to th...

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Category : Corporate Law | Comments : 0 | Hits : 2602

Posted Date : 24-Sep-2019 , 11:07:52 pm | Posted By Sagar

“Six things must To Do” in Sept-19 for every GST registered person!! 20th October, 2019 is approaching soon & every person registered under GST must be aware that 20th October, 2019 is the due date for availing ITC for FY 2018-19. The extract of the section 16(4) of CGST Act, 2017 i...

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Category : GST | Comments : 0 | Hits : 3105

Posted Date : 15-Sep-2019 , 07:09:54 pm | Posted By CS Piyush Jain

Introduction According to Regulation 55A (1) of SEBI (Depositories and Participants) Regulations, 1996, every issuer company who has issued its any security whether shares, debentures etc. on a recognized stock exchange is mandatorily requires to submit the concerned Stock Exchanges where the issu...

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Category : Corporate Law | Comments : 0 | Hits : 2590

Posted Date : 13-Sep-2019 , 11:24:55 am | Posted By Lalit Rajput

CORPORATE Compliance CALENDAR For the month of September, 2019 ­­­­­­­­­­­­­­­­­­­----------------------------------------------------------------------------------------------------------------     About Article...

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Category : Corporate Law | Comments : 0 | Hits : 2067