Prohibited use or application of income or property OF Charitable trust
Posted Date : 27-Jun-2020 , 03:06:36 pm | Posted By
CA Sandeeprawat
Prohibited use or application of income or property OF Charitable trust when any part of the income or any property of the trust whenever created, is, during the previous year, used or applied directly, for the benefit of any person referred to in section 13(3), the denial of exemption opera...
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Category : Income Tax |
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Time Of Supply under RCM in GST With Practical Point
Posted Date : 26-Jun-2020 , 09:37:30 pm | Posted By
CA Sandeeprawat
Time Of Supply under RCM in GST With Practical Point Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism. Reverse charge means the...
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Category : GST |
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GEARING UP FOR ASSESSMENT YEAR 2020-21 & SUBSEQUENT ASSESSMENT YEARS
Posted Date : 22-Jun-2020 , 08:47:41 pm | Posted By
Supriya Dewan
GEARING UP FOR ASSESSMENT YEAR 2020-21 & SUBSEQUENT ASSESSMENT YEARS
BACKGROUND: This article shall provide an insight into changes in Income tax forms, additional disclosures required by income tax department and main considerations while filing Income tax returns. It is advisable for u...
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Category : Income Tax |
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Is Indian Economy Sinking ? It’s Impact on Common Man & Financial Tips
Posted Date : 20-Jun-2020 , 12:54:57 pm | Posted By
CA JATIN RATHOR
IS INDIAN ECONOMY SINKING ? ITS IMPACT ON COMMON MAN AND FINANCIAL TIPS As per the World bank Forewarn the global economy is going to shrink by 5.2% this year resulting into a global economic crisis deepest recession catastrophe ever in decades.
We cannot deny the fact that Indian economy is...
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Category : Finance |
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Documents required for the GST Registration
Posted Date : 13-Jun-2020 , 06:45:00 pm | Posted By
CA. Ajay Agrawal
(Please STRICTLY follow the Guidelines of Dept for size of the files )
Documents for Proprietor / Each Partner / Each Director -
1) PAN Card copy
2) Aadhaar Card copy
3) Mobile number and email id
4) Photo ( in JPG Format Only - max size 100 kb)
5) Place of Business - Detailed Address wi...
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Category : GST |
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GST on Director’s Services - An Instigating Litigation with multiple Absurdity
Posted Date : 05-Jun-2020 , 03:14:42 pm | Posted By
Neelam Yadav
GST on Director’s Services - An Instigating Litigation with multiple Absurdity
General Background:
1.1 The legislature seems to have been marred by numerous interpretation and cause unintended disputes between tax payers and tax authorities. The corporates are still trying to...
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Category : GST |
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Art of fund raising
Posted Date : 04-Jun-2020 , 06:22:29 pm | Posted By
CA JATIN RATHOR
“Capital crunch in business” – 10 possible ways of refinancing your business- “ART OF FUND RAISING”
Leave a Comment / Uncategorized / By CA Jatin Rat
Getting battle ready for post covid 19 world is the real test of time and could rack one brain t...
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Category : Finance |
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HOW TO MAINTAIN FINANCIAL HEALTH DURING COVID-19
Posted Date : 25-May-2020 , 10:01:01 pm | Posted By
Supriya Dewan
HOW TO MAINTAIN FINANCIAL HEALTH DURING COVID-19
BACKGOUND: The whole world economy is expecting an uncertainty and hardship because of the unprecedented COVID 19 pandemic. There has been a slump in stock markets, failures in reviving businesses, catastrophic impact on workings hours and earni...
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Category : Income Tax |
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Forensic Accounting and Auditing - An opportunity in today's world
Posted Date : 23-May-2020 , 05:31:17 pm | Posted By
Shankit Sharma
What Is Forensic Audit- Forensic Audit is an examination of evidence regarding an assertion to define its correspondence to established criteria carried out in a manner suitable to the court. For example, a forensic audit of sales records to determine the quantum of rent owing under a lease agreemen...
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Category : Auditing |
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OPPORTUNITY IN CHAOS: THE ERA OF STARTUPS AND INNOVATION
Posted Date : 20-May-2020 , 09:50:49 pm | Posted By
Supriya Dewan
OPPORTUNITY IN CHAOS: THE ERA OF STARTUPS AND INNOVATION
BACKGROUND:
The COVID 19 pandemic persists to be a health and human crisis, but the impact on business organisations is sagacious. Amidst this crisis, the major focus of Government is on promotion of start-ups as they are much more flexible,...
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Category : Income Tax |
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REMOTE BANK AUDIT: A VALUABLE TOOL DURING PANDEMIC
Posted Date : 20-May-2020 , 09:49:17 pm | Posted By
Supriya Dewan
REMOTE BANK AUDIT: A VALUABLE TOOL DURING PANDEMIC What is Remote Auditing??? The remote audit also may be referred to as E Auditing is exactly same as an audit but in involves use of electronic means to collect Audit Evidence. Remote Auditing techniques involve sharing files via email, Googl...
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Category : Auditing |
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CARO 2020: A TOOL FOR BETTER CORPORATE GOVERNANCE- INCREASED ONUS ON AUDITORS
Posted Date : 11-May-2020 , 10:25:19 pm | Posted By
Supriya Dewan
CARO 2020: A TOOL FOR BETTER CORPORATE GOVERNANCE- INCREASED ONUS ON AUDITORS
CARO 2020 is a contemporary layout for issuance of audit reports in case of statutory audits of companies under Companies Act, 2013. After debates with the National Financial Reporting Authorit...
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Category : Auditing |
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AREAS OF FOCUS AND AUDITOR REPORTING ISSUES RELATED COVID 19
Posted Date : 10-May-2020 , 08:14:59 pm | Posted By
Supriya Dewan
AREAS OF FOCUS AND AUDITOR REPORTING ISSUES RELATED COVID 19
BACKGROUND:
The COVID –19 outbreak is a human tragedy and has a growing impact on global economy which has resulted in “severe demand shock” and global supply chain disruptions. However, the actual severity and duration...
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Category : Auditing |
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Dividends - No longer Tax Exempt?
Posted Date : 09-May-2020 , 02:34:52 pm | Posted By
CA (CS) Ujjwal Jindal
In India, there are numerous instruments available for an investor wherein he can park his fund and reap a bonus/reward. Depending on the type of instrument, this bonus/reward has been named differently. When the investment instrument is debt, the bonus/reward is termed as interest and when it is eq...
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Category : Income Tax |
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Recovery of Outstanding Tax Demand- Resources with the assesse
Posted Date : 05-May-2020 , 11:57:10 am | Posted By
CA MUKESH KABRA
RECOVERY OF OUTSTANDING TAX DEMAND Month of February is the Valentine month and everyone in this world must grapple with their respective valentine. Taxman will also be busy with their valentine i.e. Recovery of the tax arrears whereas tax practisoners will also be busy with their valentine i.e. Pr...
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Category : Income Tax |
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Decoding of section 115BAB
Posted Date : 05-May-2020 , 11:54:55 am | Posted By
CA MUKESH KABRA
DECODING OF SECTION 115BAB It is said that a person feels joyous and happy when something unexpected positively happened in one’s life but on other hand unexpected kindness showered on them by almighty God also frightened one’s inner soul simultaneously from an unexpected fear that what ...
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Category : Income Tax |
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Agriculture Income Under Income Tax
Posted Date : 05-May-2020 , 11:49:41 am | Posted By
CA MUKESH KABRA
Agriculture Income under Income Tax Income Tax have various contentious issues despite being one of the oldest Law of the Land. On these issues assesse and revenue used to loggerhead each other on various form of Authorities. Taxation of AGRICULTURAL INOCME is also one of such contentious issue. One...
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Category : Income Tax |
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Check List and procedure for Registration under U/S. 12A & 80G of Income Tax Act, 1961
Posted Date : 04-May-2020 , 04:46:36 pm | Posted By
CA Sandeeprawat
Check List and procedure for Registration under U/S. 12A & 80G of Income Tax Act, 1961 Section 10(23C), inter alia, exempts income received by any person on behalf of university, or other educational institution or any hospital. Section 11 provides exemption in respect o...
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Category : Income Tax |
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MSME REGISTRATION –BENEFIT To All Enterprise
Posted Date : 04-May-2020 , 04:25:54 pm | Posted By
CA Sandeeprawat
MSME REGISTRATION –BENEFIT To All Enterprise The registration has no statutory basis. Enterprise would normally get registered to avail some benefits, incentives or support given either by the central or state govt. benefit available under MSMED Act. Registration of micro, small and med...
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Category : General |
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FCRA REGISTRATION -Brief
Posted Date : 04-May-2020 , 04:20:29 pm | Posted By
CA Sandeeprawat
Why FCRA REGISTRATION -Brief Whenever any NGO either in the form of Trust, Society or Section 8 company is willing to receive any kind of foreign contribution or donation, they are required to obtain FCRA Registration under Section 6 (1) of Foreign Contribution (Regulation) Act, 2010. Irrespective ...
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Category : Income Tax |
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