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Govt allows employee to submit option to employer and employee will accordingly deduct TDS
Circular C 1 of 2020 Clarification in respect of option under section 115BAC of the Income-tax Act, 1961 Section 115BAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 w.e.f. the assessment year 202 1-22, infer alia, provides that a person,
GST on Director’s Remuneration- Whether payable?
A. Decoding the Advance ruling on director’s remuneration Imagine you are the whole-time director of your company and drawing remuneration in the form of salary, allowances, and perquisites on a monthly basis. Now, if the GST Department audits books of accounts of your company and
CA Nikhil M JhanwarApr 14, 2020BJA can’t be pass when there is no reason to reject returns and BoA of taxpayer
Case Covered: Audco India Limited Versus Commercial Tax Officer Read the full text of the case here. Facts of the case: The Assessee has filed this writ petition aggrieved by the order dated 12.11.2007, whereby the learned Tribunal sustained and upheld the penalty imposed on
Madras HC in the case of Audco India Limited
IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 10.03.2020 CORAM THE HON’BLE DR.JUSTICE VINEET KOTHARI AND THE HON’BLE MR.JUSTICE R.SURESH KUMAR W.P.No.4554 of 2008 Audco India Limited represented by its Company Secretary R.Naveenan, 9/10, Club House Road Chennai. … Petitioner Vs. 1.Commercial Tax
Is it harmful to go for an advance ruling in GST?
Are you planning to go for an advance ruling in GST? It sounds a little weird, right? But based on the past record we can say that. Many important issues messed up by some ruling of advanced ruling authority. If you don’t know what is
CA Shafaly GirdharwalApr 13, 2020Strict action for not following the COVID-19 instructions
Dear Chief Secretary, Kindly refer to the Guidelines on LOckdown measures to be taken by Ministries/Departments of Government of India, States/Union Territory Governments and States/Union Territory Authorities for containment of COVID-19 epidemic in the country, as notified by Ministry of Home Affairs on 24.03.2020, and
Reverse Charge Mechanism under GST
Reverse Charge Mechanism under GST Section 9(3): U/S 2(98) of CGST Act Reverse charge is defined as “liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under subsection
“Fresh start over a Clean Slate” CFSS-2020
“Fresh start over a Clean Slate” CFSS-2020 Fresh Start COVID-19 if taken positive then this Circular dated 30th March 2020 from the Ministry of Corporate Affairs must be the first one to note down on a plain paper especially by every Defaulting Companies and those
PCS Vinit NagarApr 13, 2020Relaxations / Extensions of various Compliance Deadlines for Exporters: PIB
Relaxations / Extensions of various Compliance Deadlines for Exporters Department of Commerce has provided a number of Relaxations / Extensions of various Compliance Deadlines etc. to address Corona Pandemic Related Hardships of Exporters. In order to give relief to businesses and affected individuals amidst the
Customs Duty and Health Cess exempted under Notification 20/2020 Customs dt 09/04/2020 on Face Masks, PPE Kits, COVID-19 Testing Kits, etc.
Notification No. 20/2020– Customs G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 141 of Finance Act, 2020 (12 of 2020), the Central Government on being satisfied that it
Coverage of international transactions in GST
Are you making any international transactions? have a look at it There can be instances when we feel that our transaction is export. But it may not be an export. What will be the taxability of international transactions ? when they will fall under GST?
CA Shafaly GirdharwalApr 13, 2020What is an advanced ruling in GST?
What is an advance ruling? You must have heard a lot about the advance rulings. Many times it gets viral in our whats app groups and posts. A particular advance ruling authority decided something. It just increases the creases on the forehead of many experts.what
CA Shafaly GirdharwalApr 13, 2020