Posted Date : 06-Oct-2021 , 03:30:27 pm | Posted By CA Akhil Kumar

Future and Options is a derivative tool which was designed to hedge a portfolio but we all are aware that it has become one of the most traded instruments for regular gains. Hence Income Tax has realized the above and the Income from Future and Options is taxable under the head ‘Income from ...

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Category : Income Tax | Comments : 0 | Hits : 1722

Posted Date : 20-Sep-2021 , 11:50:49 am | Posted By Ishita Ramani

Introduction The 45th GST Council Meeting was held on 17th September, 2021 under the charimanship of Honourable Finance Minister Smt. Nirmala Sitharaman. The said Meeting took place at Lucknow, Uttar Pradesh. The meeting was attended by MOS Shri Pankaj Chaudhri besides Finance Ministers of States &...

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Category : GST | Comments : 0 | Hits : 1814

Posted Date : 01-Sep-2021 , 06:40:10 pm | Posted By Ishita Ramani

Compliance Calendar for the month of September 2021 It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before the due dates. It is important to stay compliant with enormous compliance falling in the y...

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Category : Corporate Law | Comments : 0 | Hits : 2381

Posted Date : 18-Aug-2021 , 05:59:53 pm | Posted By CA. Dr. Gaurav Bhambri

Author CA.Dr. Gaurav Bhambri   Latest GST News 1. 2021 GST Updates 30th July 2021 A GST registered person whose aggregate turnover in the financial year 2020-21 is up to Rs.2 crore has been given exemption from filing Form GSTR-9 (annual return) for the FY 20202-21. The section 35...

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Category : Income Tax | Comments : 0 | Hits : 1635

Posted Date : 17-Aug-2021 , 03:55:17 pm | Posted By CA. Dr. Gaurav Bhambri

In this article, I have tried to cover up most of the issues commonly being faced & there suggested resolutions. 1. Whether filing of ITR for AY 2021-22 started on New Income Tax Portal? Yes, ITR filing has started on New IT Portal. Form ITR 1 & ITR 4 can be filed with both offline utility...

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Category : Income Tax | Comments : 5 | Hits : 7557

Posted Date : 17-Aug-2021 , 03:49:38 pm | Posted By CA. Dr. Gaurav Bhambri

The government has said that more than 700 emails dealing with 2000 issues including 90 unique issues/problems in the new income tax e-filing portal have been received from various stakeholders. These issues were reported by various stakeholders including tax professionals, Institute of Chartered Ac...

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Category : Income Tax | Comments : 4 | Hits : 9052

Posted Date : 16-Aug-2021 , 11:46:09 pm | Posted By CA Ronak Khandelwal

Drinking water supply through mobile tankers taxable at 18% 1. Supply of drinking water to the public through mobile tankers or dispensers by a charitable organization is taxable at 18 percent under the GST, AAR has ruled. 2. The Andhra Pradesh bench of the Authority for Advance Ruling (AAR...

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Category : GST | Comments : 0 | Hits : 1654

Posted Date : 16-Aug-2021 , 11:45:53 pm | Posted By CA Ronak Khandelwal

Drinking water supply through mobile tankers taxable at 18% 1. Supply of drinking water to the public through mobile tankers or dispensers by a charitable organization is taxable at 18 percent under the GST, AAR has ruled. 2. The Andhra Pradesh bench of the Authority for Advance Ruling (AAR...

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Category : GST | Comments : 0 | Hits : 1255

Posted Date : 09-Aug-2021 , 12:27:03 pm | Posted By Ankit Khandelwal

Latest updates by way of Notifications issued   Notification No. 29/2021- Central Tax dated 30.07.2021 [Omission of Section 35(5) of the GST Act i.e. GST Audit and Substitution of Section 44 – by inserting Self-Certified Reconciliation Statement]   The said notification omi...

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Category : GST | Comments : 0 | Hits : 2147

Posted Date : 07-Aug-2021 , 12:17:32 pm | Posted By Ishita Ramani

Tax Compliance and Statutory due dates for the month of August, 2021 Compliance Calendar for the month of August 2021 The month of August is very crucial for many reasons. One of the major reasons is that it has been predicted by the experts that COVID 19 third wave might hit the country in the Augu...

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Category : Corporate Law | Comments : 0 | Hits : 1758

Posted Date : 30-Jul-2021 , 12:23:41 pm | Posted By CS MANJU LAUR

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Category : Corporate Law | Comments : 0 | Hits : 1144

Posted Date : 30-Jul-2021 , 12:14:52 pm | Posted By CS MANJU LAUR

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Category : Corporate Law | Comments : 0 | Hits : 1141

Posted Date : 26-Jul-2021 , 01:21:34 pm | Posted By CS MANJU LAUR

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Category : Corporate Law | Comments : 0 | Hits : 1138

Posted Date : 26-Jul-2021 , 10:50:51 am | Posted By Lalit Rajput

CBIC ABOLISHES LICENCE RENEWAL REQUIREMENT FOR CUSTOMS BROKERS, AUTHORISED CARRIERS   The Central Board of Indirect Taxes and Customs (CBIC) has w.e.f. 23.07.2021 abolished the requirement of periodic renewals of Licence/Registration issued to Customs Brokers and Authorised Carriers. This woul...

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Category : Corporate Law | Comments : 0 | Hits : 1004

Posted Date : 24-Jul-2021 , 05:21:24 pm | Posted By Lalit Rajput

AGM EXTENSION BY TOP 100 LISTED ENTITIES BY MARKET CAPITALIZATION Securities and Exchange Board of India (SEBI) vide notification / Circular SEBI/HO/CFD/CMD1/P/CIR/2021/602 dated 23rd July, 2021, has introduced and published “Extension of time for holding the Annual General Meeting ...

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Category : SEBI | Comments : 0 | Hits : 1154

Posted Date : 24-Jul-2021 , 05:14:04 pm | Posted By Lalit Rajput

Government includes Retail and Wholesale Trade as MSMES From 2nd July, 2021, the Government has included Retail and Wholesale Trades as MSMEs. The Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in...

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Category : Income Tax | Comments : 0 | Hits : 386

Posted Date : 24-Jul-2021 , 12:39:27 am | Posted By Ekta Sharma

REMOVAL OF COMPANY’S NAME AS PER SECTION 248(2) OF THE COMPANIES ACT, 2013: The Companies which do not want to carry out any business operations and are just bearing the burden of annual compliances can proceed with the closure of the Company through the provisions of Section 248 (2) and 249 o...

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Category : Corporate Law | Comments : 0 | Hits : 663

Posted Date : 23-Jul-2021 , 12:19:07 pm | Posted By CS MANJU LAUR

Foreign Liabilities and Assets (FLA) Foreign Liabilities and Assets (FLA) is an Annual Return which is to be submitted by all those Indian Resident Companies which have received Foreign Direct investment (FDI) and/or made Investment Overseas (FDI Abroad) in previous year(s) which shall also include...

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Category : FEMA | Comments : 0 | Hits : 355

Posted Date : 22-Jul-2021 , 05:42:08 pm | Posted By CS MANJU LAUR

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Category : Income Tax | Comments : 0 | Hits : 805

Posted Date : 21-Jul-2021 , 03:12:43 pm | Posted By CS MANJU LAUR

GST Registration   GST   GST is the biggest tax reform of the Country that subsumed various taxes in a single tax. With the introduction of GST the cascading effect has been abolished. It is an indirect nature tax applicable on the supply of goods or services or both. The taxable event...

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Category : GST | Comments : 0 | Hits : 412

Posted Date : 20-Jul-2021 , 01:37:38 pm | Posted By CS MANJU LAUR

LMPC Certification Customs Authorities are getting stricter regarding the implementation of Legal Metrology laws on businesses in India. No person can import any weight or measure, unless he obtains an importer certificate under section 19 of Legal Metrology Act, 2009. The purpose of these certific...

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Category : Corporate Law | Comments : 0 | Hits : 344

Posted Date : 20-Jul-2021 , 12:15:45 pm | Posted By CS MANJU LAUR

What is WPC? A wing was established in 1952 by the Government of India called The Wireless Planning & Coordination (WPC). WPC is a branch of Department of Telecommunications established under the Ministry of Communications and Information Technology of the Government of India. WPC is the Nationa...

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Category : Corporate Law | Comments : 0 | Hits : 269

Posted Date : 19-Jul-2021 , 06:01:26 pm | Posted By CS MANJU LAUR

                                               International Trademark Trademark   A trademark is a sign capable of distinguishing the goods or services of one ent...

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Category : Corporate Law | Comments : 0 | Hits : 252

Posted Date : 17-Jul-2021 , 04:04:13 pm | Posted By Ishita Ramani

  TDS- Tax Deducted at Source, is deducted for the payment that exceeds a specified due limit. However, this was the case earlier. But now, from 1st July 2021, apart from the current scope of TDS deduction applicable on the notified nature of payment of expenses, businesses are required to ded...

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Category : Income Tax | Comments : 0 | Hits : 381

Posted Date : 10-Jul-2021 , 01:29:55 pm | Posted By SUJEET KUMAR

FORM NFRA - 2   Applicable Section Section 132 of the Companies Act, 2013 and rule 3 and 5 of the National Financial Reporting Authority Rules, 2018. Provision Annual Return to be filed by Auditor with the National Financial Reporting Authority. Applicability Applicable on ...

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Category : Income Tax | Comments : 0 | Hits : 356

Posted Date : 10-Jul-2021 , 01:28:55 pm | Posted By SUJEET KUMAR

CHECKLIST FOR NAME CHANGE OF LISTED COMPANY   S. No Particulars Attachment/Agenda 1 Convene a Board Meeting Agenda: Approval for change in name of company. Authority for filing RUN form. 2 File RUN form Attachment: Copy of Board resolution. 3 Conve...

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Category : Corporate Law | Comments : 0 | Hits : 528

Posted Date : 10-Jul-2021 , 01:28:16 pm | Posted By SUJEET KUMAR

FORM FCGPR (THEORETICAL AND PRACTICAL ASPECTS)   With the objective of integrating the extant reporting structures of various types of foreign investment in India, RBI introduced Single Master Form (SMF) through its Notification RBI/2017-18/194 A.P (DIR Series) Circular No.30. Dated June 07, 2...

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Category : FEMA | Comments : 0 | Hits : 753

Posted Date : 08-Jul-2021 , 05:16:55 pm | Posted By CA JATIN KUMAR RATHOR

General believe lies among several goes saying Stock Market is very unstable, tempestuous, uncertain, gamble and nobody  likes taking risks in terms of hard earned money. But the truth lies in fact It has given Extraordinary returns to discipline Investors who understood the power of compoundin...

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Category : Finance | Comments : 0 | Hits : 604

Posted Date : 06-Jul-2021 , 05:50:29 pm | Posted By Ankit Khandelwal

Introduction Electricity or Electrical Energy is one of the major source of revenue for the state governments as it comes under the state list of the Constitution wherein they are collecting electricity charges from the customers. This is one of the major contentious issues whether it would be suppo...

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Category : GST | Comments : 0 | Hits : 597

Posted Date : 03-Jul-2021 , 02:32:43 pm | Posted By Shilpa Sardana

Dynamic QR Code for B2C Transactions: B2C transaction means all the supplies made to unregistered person or consumers. B2C invoices are those invoices where the end user will not be claiming input tax credit. E-invoicing refers to a method of processing invoices in an electronic format and on a un...

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Category : GST | Comments : 0 | Hits : 674