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MINISTRY-OF-CORPORATE-AFFAIRS

MCA issues Merger and Amalgamation Amendment Rules effective from 17th September.

Taxation of ESOPs

Block Assessment in case of Search Proceedings Re-introduced in the Budget 2024

Amendments made in Form 3CD effective from AY 2024-25

TDS on Partner’s Remuneration introduced in the Budget 2024

RBI allows Indian Resident to open foreign currency accounts in GIFT City under LRS

Lower Tax Deduction certificate (TDS)

Sec 54 – Date of possession of new property is to be considered in the case of constructed property: ITAT Mumbai

Transit rent paid by the developer is not a revenue receipt and so not taxable: Bombay HC

Legal precedents on Ad- Hoc Disallowances

Monday, May 19, 2025

Category: Uncategorized

GSTN Enables OTP based EVC Verification for GST Return filled by Companies & LLP
Uncategorized

GSTN Enables OTP based EVC Verification for GST Return filled by Companies & LLP

admin April 23, 2020

Earlier Companies and LLP were not eligible to file GST Return with OTP based EVC (Electronic Verification Code). They were required to file the GST Return with DSC (Digital Signature … Read More

GSTGST ReturnGSTNOTP
CBIC enables Form PMT-09 for Shifting Wrongly Paid Tax in the Electronic Cash Ledger
Uncategorized

CBIC enables Form PMT-09 for Shifting Wrongly Paid Tax in the Electronic Cash Ledger

CA Adityavikram Banka April 21, 2020

The Central Board of Indirect Taxes and Customs (CBIC) has enabled Form PMT-09 for shifting wrongly paid Tax in the electronic cash ledger. Form PMT-09 enables a registered taxpayer to … Read More

CBICElectronic Cash LedgerGSTGSTN
CBDT Clarification on Income Tax Slab Rate TDS that needs to be deducted by employer on salary of employees – Old Slab Rate or New Rate
Uncategorized

CBDT Clarification on Income Tax Slab Rate TDS that needs to be deducted by employer on salary of employees – Old Slab Rate or New Rate

admin April 14, 2020

As per CBDT, Employer has to take declaration from Employee. An employee, having income other than the income under the head “profits and gains of business or professions” and intending … Read More

CBDTIncome TaxTDSTDS on Salary
ICAI announces use of Electronic Signature (DSC) for Signing of Audit Reports and Certificates
Uncategorized

ICAI announces use of Electronic Signature (DSC) for Signing of Audit Reports and Certificates

admin April 14, 2020

The Institute of Chartered Accountants of India ( ICAI ) has allowed the use of Electronic Signature for Signing Audit Reports and Certificates. In an announcement issued by ICAI, “ … Read More

Audit ReportCertificatesDigital SignatureDSCICAI
CBIC allows GST Refunds for event cancellations
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CBIC allows GST Refunds for event cancellations

admin April 14, 2020

In a big relief to the tourism, hospitality and entertainment sectors, the Central Board of Indirect Taxes and Customs (CBIC) has allowed for claiming of refunds of goods and services … Read More

CBICGSTGST Refund
GST Compliance  Requirement at the beginning of Financial Year 2020-21
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GST Compliance Requirement at the beginning of Financial Year 2020-21

CA Adityavikram Banka April 14, 2020

Under GST in the beginning of the every year there are certain compliance that every registered person has to take. We have summarized GST Compliance Requirement as under:

Composition SchemeFY 2020-21GSTLUTYear End
Reverse Charge Mechanism (RCM) under GST applicable from April 2020
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Reverse Charge Mechanism (RCM) under GST applicable from April 2020

admin April 11, 2020

We have compiled Reverse Charge Mechanism (RCM) under GST applicable from April 2020.

GSTRCMReverse Charge Mechanism
Relaxation on Input Tax Credit Limit from February 2020 to August 2020
Uncategorized

Relaxation on Input Tax Credit Limit from February 2020 to August 2020

CA Adityavikram Banka April 11, 2020

The Government has issued several notifications in order to implement the compliance relaxation announced by Hon’ble Finance Minister amid Pandemic COVID 19. We have compiled various Clarification on Relaxation on … Read More

GSTGSTR2AGSTR3BInput Tax CreditITC
Relaxation of GSTR Return for Composition Dealer for quarter ending 31st March 2020
Uncategorized

Relaxation of GSTR Return for Composition Dealer for quarter ending 31st March 2020

CA Adityavikram Banka April 11, 2020

The Government has issued several notifications in order to implement the compliance relaxation announced by Hon’ble Finance Minister amid Pandemic COVID 19. We have compiled various Clarification on Compliance Relaxation … Read More

Composition DealerDue DateExtensionGST
Relaxation of GSTR-1 & GSTR-3B Return for Feb, March and April 2020
Uncategorized

Relaxation of GSTR-1 & GSTR-3B Return for Feb, March and April 2020

CA Adityavikram Banka April 11, 2020

The Government has issued several notifications in order to implement the compliance relaxation announced by Hon’ble Finance Minister amid Pandemic COVID 19. We have compiled various Clarification on Compliance Relaxation … Read More

Due DateExtensionGSTGSTR1GSTR3B

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Recent Posts

  • MCA issues Merger and Amalgamation Amendment Rules effective from 17th September.
  • Taxation of ESOPs
  • Block Assessment in case of Search Proceedings Re-introduced in the Budget 2024
  • Amendments made in Form 3CD effective from AY 2024-25
  • TDS on Partner’s Remuneration introduced in the Budget 2024

INCOME TAX

  • Taxation of ESOPs
  • Block Assessment in case of Search Proceedings Re-introduced in the Budget 2024
  • Amendments made in Form 3CD effective from AY 2024-25
  • TDS on Partner’s Remuneration introduced in the Budget 2024
  • Lower Tax Deduction certificate (TDS)

Corporate Law

  • MCA issues Merger and Amalgamation Amendment Rules effective from 17th September.
  • Eligibility Criteria for listing on SME Platform of BSE
  • FCRA Registration by Charitable Organisation for Foreign Donation
  • Key Managerial Personnel: Section 203 of the Companies Act, 2013
  • How Stock Market Work – IPO – Animated Video

CASE LAW

  • Sec 54 – Date of possession of new property is to be considered in the case of constructed property: ITAT Mumbai
  • Transit rent paid by the developer is not a revenue receipt and so not taxable: Bombay HC
  • Legal precedents on Ad- Hoc Disallowances
  • Additions cannot be made based on profit assumptions: Punjab & Haryana HC
  • Excessive or unreasonable salary, is a sine qua non in invoking the provision of Sec 40A(2)(b): ITAT Ahmedabad

GOODS & SERVICE TAX (GST)

  • Remuneration paid to directors to attract GST – AAR
  • CBIC notifies the changes recommended in the 43rd GST Council meeting
  • Key points from 43rd GST Council Meeting
  • Presentation on E-Invoice Under GST
  • Extension of Due Date of GST for March & April 2021 Return

OTHER POSTS

  • MCA issues Merger and Amalgamation Amendment Rules effective from 17th September.
  • Taxation of ESOPs
  • Block Assessment in case of Search Proceedings Re-introduced in the Budget 2024
  • Amendments made in Form 3CD effective from AY 2024-25
  • TDS on Partner’s Remuneration introduced in the Budget 2024

AY 2021-22 Budget Changes Case Law CBDT CBIC Circular Companies Act Corporate Law Director Dividend DTAA Due Date Extension Finance Act fundraising FY 2020-21 GST GST Council GSTN GSTR1 GSTR3B GST Refund GST Return High Court IBC Income Tax initial public offering Insolvency and Bankruptcy Code International Taxation ipo ITAT LLP MCA Notification NRI NRI Taxation Permanent Establishment (PE) RBI RCM Residential Status Reverse Charge Mechanism startup strategy TDS Unexplained Income

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