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Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961
Circular No. 06/2020 Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in the filing of Return of Income for A.Y 2016-17,2017-18, and 2018-19 and Form No.9A and Form No. 10. Representations have been received seeking condonation of delay in filing Return of
How to make amendments in Annex 1 of new return
Introduction to amendments in Annex 1 : The best thing with the new return of GST is that it can be amended. You need to learn how to edit it and what data can be edited. Amendments in Annex 1 are possible using 1A. Some of
CA Shafaly GirdharwalFeb 27, 2020Companies (Incorporation) Amendment Rules, 2020.
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION G.S.R 128(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely:
Interest demand stayed by the Rajasthan High court
Case covered: M/s Perfect Turners Versus Union Of India Order: Issue notice. Issue notice of the stay application also. Mr. Kinshuk Jain learned counsel accepts the notices on behalf of the respondents. Learned counsel seeks two weeks’ time to file a reply to the writ
Forex Loss is Revenue Expenditure: M/s Coffee Day
Case Covered: The Deputy Commissioner of Income-tax Versus M/s. Coffee Day Global Limited Facts of the case: The facts of the issue as narrated in ITA No. 3040/Bang/2018 are that the Assessing Officer by placing reliance on the CBDT Circular No. 5/2014 dated 11/02/2014 quantified
Stay order on service tax audit by Kolkata high court following interim orders of Delhi & Gujarat HCs.
Case covered: Magma Housing Finance Ltd. Versus Union of India & Ors. Facts of the case: It has been brought to my notice that particular coordinate Bench judgment of Calcutta High Court was referred to by the Division Bench of the Jharkhand High Court wherein
Utilities for 2A Reconciliation
2A Converter – When documents are downloaded from the GSTN portal (i.e. 2A), it is not compatible with further analysis/scrutiny. This utility helps in making it compatible, comparable with books and convert in single line item with all credit notes prefixed by minus (-) sign.
Companies (Auditor’s Report) Order, 2020.
MINISTRY OF CORPORATE AFFAIRS ORDER S.O……………(E).—In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013 ) and in supersession of the Companies (Auditor’s Report) Order, 2016, published in the Gazette of India, Extraordinary, Part II, Section
Rule 117 of CGST Rules,2017 is Procedural in nature and is not mandatory.
Case Covered: THE NODAL OFFICER Versus The Goods and Service Tax Council Facts of the case: The present Misc. Civil Applications have been filed by the applicants – original respondents praying for review of the judgment and order dated 06.09.2019 passed by this Court in
Provisional attachment of bank account of assessee merely on the basis of summons was without jurisdiction
Case Covered: Kaish Impex Private Limited Versus The Union of India Facts of the case: The Petitioner has challenged the action of the authorities under the Central Goods and Service Tax, Mumbai of attaching the Petitioner’s bank account in State Bank of India. The Petitioner-Kaish
Interest on wrongly paid tax in GST: An analysis
Wrongly paid tax in GST vis a vis interest Place of supply is the base criteria to decide the nature of tax in GST. In many cases, we pay tax under the wrong head. How this wrongly paid tax will be treated? There may be
CA Shafaly GirdharwalFeb 26, 2020CARO 2003, 2015, 2016 and 2020 comparison table
Clause by Clause Comparison of the Reporting Companies (Auditor’s Report) Order 2020 vis a vis Previous CAROs CARO 2003 2015 2016 2020 ISSUE DATE June 2003 10 April 2015 29 March 2016 25th February 2020 EFFECTIVE DATE July 2003 Audits of FY 2014-15 and onwards