Covid Surge 2021
One day at a time. Adventure is calling, but I can come only to phone now. [...]
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Jul
NewsLetters and Updates
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value of supply of lottery for GST
CGST, IGST, RCM Notification.No.08/2020 dated 02.03.2020
May 27 , 2020
Do I have to pay GST on money received on breach of contract?
GST, Section 15, Schedule II, 12/2017.
Feb 17 , 2020
STANDARD OPERATING PROCEDURE (SOP) TO CANCEL GST REGISTRATION.
SOP, Cancellation of GST Registration, GST Registration
Oct 30 , 2021
Applicability of B2C dynamic QR code provisions extended to 30.09.2021
QR code for B2C transactions, GST QR code
Oct 27 , 2021
Companies can now file GSTR 1 & 3B through EVC: Is it a temporary arrangement or permanent relief?
CGST, GST, Returns, Section 39
Sept 08 , 2020
NO ITC ON FREE DISTRIBUTION OF PROMOTIONAL PRODUCTS TO RETAILERS OR ITS CUSTOMERS
ITC , Promotional products , free distribution
Aug 29 , 2021
GST Interest to be paid on Gross or Net Tax Liability
GST, Section 50, ITC, GSTR1, GSTR3B
Mar 19 , 2020
What are the Exception to Faceless Assessment Scheme?
Faceless Assessment, Income Tax Notifications
Dec 23 , 2021
INTEREST ON ENHANCED COMPENSATION FROM GOVT FOR COMPULSORY LAND ACQUISITION IS EXEMPT FROM TAX
Interest from enhanced compensation, Taxability, Exempt income
Oct 23 , 2021
Foreign travel expenses for business purpose: Allowed or disallowed
Foreign travel expense, Talera vs ACIT, Business Expenditure
Oct 20 , 2021
Submission of Statement of Financial Transaction (SFT) for Interest Income.
SFT, SFT for Interest Income
Sept 20 , 2021
Is TDS applicable on sales commission paid to non- residents for services rendered outside India?
TDS on sales commission paid to non-residents
Sept 18 , 2021
Interest on late payment of TDS does not constitute Business Expenditure
Tds late payment , interest , Business Expenditure.
Aug 28 , 2021
Penalty for fake invoices false entry or omission of any entry (Sec 271AAD)
S 271AAD,Omission of invoices, Penalty
Aug 08 , 2021
FOREIGN TAXES WHICH ARE NOT ELIGIBLE FOR RELIEF U/S 90 AND 91 - WHETHER ALLOWABLE AS EXPENSE?
Foreign Taxes , S 90and 91 ,whether allowable as expense ?
Aug 05 , 2021
Royalty Payments Under Income Tax Act
IT, Income Tax, Section 9, Section 45, Section 115A
July 13 , 2021
SECTION 44AD - NOT ELIGIBLE ON INTEREST/REMUNERATION INCOME OF PARTNER FROM PARTNERSHIP FIRM
Presumptive Taxation Applicability on Partners Remuneration
June 20 , 2021
Prefilling of Capital Gains, Dividends and Interest Income in your ITR
Notification 16/2021, 26AS, Form 61A
May 02 , 2021
ELIGIBILITY CONDITIONS FOR CLAIMING DEDUCTIONS ON CONTRIBUTION TO PF.
DEDUCTION ALLOWABLE ON EMPLOYEE CONTRIBUTION TO PF-SECTION 43B, FINANCE BILL 2021
Mar 03 , 2021
EFFECT OF BUDGET ON DEPRECIATION OF GOODWILL
Depreciation on goodwill, finance bill 2021
Mar 01 , 2021
Rent income from mall- Income from business or house property
CIT VS PRESTIGE ESTATE PROJECTS,ITAT BLR
Sept 08 , 2020
Smt Subbalakshmi Kurada vs Assiatant Commisioner of income
Income tax, IT, Section 45, Section 54, Section 54EC
Jul 27 , 2020
Tax Audit Report- Applicability of Clause 30C and Clause 44 deferred
Income Tax, IT, 44AB, Tax Audit, 3CA 3CD, Tax audit
June 27 , 2020
Amended Provisions of Equalisation levy
Income Tax Act, IT, Finance Bill 2020, E Commerce
Apr 29 , 2020
EXPENSES INCURRED FOR EARNING REMUNERATION FROM PARTNERSHIP FIRM IS AN ALLOWABLE EXPENDITURE
Income Tax, Section 28, Section 40, ITAT, PF
Apr 13 , 2020
Highlights of FAQ issued by CBDT on Vivad Se Vishwas
Income Tax, CBDT, Section 220, Appeal, Section 234e and F
Apr 10 , 2020
SECTION 68 APPLIES ONLY TO UNEXPLAINED CREDIT ENTRIES WITHOUT PROPER EXPLANATION
Income Tax, Section 68, ITAT, 143(3)
Apr 13 , 2020
Tax on fees for technical services
: Income tax, DTAA, Section 115A, Transfer Pricing, Section 90,91
Mar 19 , 2020
Can't I accept payments through cash in my business?
Income Tax, Section 269SU, Debit Card, UPI, QR Code
Feb 06 , 2020
Prosecution and Penalties for default in depositing TDS
Income tax act, IT,TDS, 201(1A), 234E
Dec 11 , 2020
Tax Benefits on Conversion of Private Limited Co into an LLP
Income Tax, IT, Capital Gain, section 47, Section 57, section 49
Feb 05 , 2021
How to appoint a managing director in a company?
Companies Act, MGT 14, DIR12, Section 196
Apr 20 , 2020
Relaxation of Due Dates-By MCA (Companies Act and LLP’s) due to CoVID-19
Companies Act, PF Act, ESI Act, MCA, Registration
Apr 18 , 2020
LOANS AND INVESTMENT BY THE COMPANY
Companies Act, Section 185, Section 186, Special Resoloution.
Feb 14 , 2020
Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021
Custom rules 2021, Import of Goods, Concessional Duty
Nov 05 , 2021
Whether services provided by a establishment of a foreign company come under the ambit of Export of Services?
Export of service, CBIT, RBI
Dec 04 , 2021
COVID-19 enhancing the Transfer Pricing Risk ( Flyer )
COVID-19 CHALLENGES FOR TRANSFER PRICING
Jul 27 , 2020
TDS on purchase of Software
Section 194J, Section 9(1)vi -Income tax Act, Software Import
Dec 11 , 2020
ANGEL FUNDING VS VENTURE CAPITAL FUNDING VS SEED FUNDING
startup, funding, angelfunding, venturecapital
July 13 , 2021
Fast Track Mergers Extended to Starts-ups & Other Small Companies
Fast Track Merger under U/s 233 Companies Act, 2013
Mar 03 , 2021
What is Transfer pricing?
TP, Income Tax, Section 92, 92F, 3CEB, ITR6, 3CEAA, 3CEAB, 3CEAC
Mar 19 , 2020
Guidance for Transfer pricing transactions?
GST, Section 50, ITC, GSTR1, GSTR3B, Tran 1, Tran 2
Mar 19 , 2020
Guidance for Transfer pricing transactions?
Income Tax, IT, Treaty, Section 90, Section 91, TP, Transfer Pricing
Mar 19 , 2020
04
Aug
Resistance … a Sheer Sigh!
Would you give up?
When things go amiss as they sometimes will, obviously?
When the road you're tramping seems all tough? [...]
04
Aug
Home away from Home, Amidst the Pandemic
My sweetest memories of my childhood have always been the ones where we used to go on for a good summer vacation. Those getaways which we had been planning for the entire year. [...]
14
July
How can we overcome Unemployment & reap fruits of Demographic dividend?
India being the second most populated country in the world is witnessing demographic transition and is entering a phase where approximately 62% of its population will be in the working age group (15-65 [...]
SERVICES COVERED UNDER REVERSE CHARGE MECHANISM UNDER GOODS AND SERVICES TAX ACT,2017
Rent a Cab, RCM, Advocate, GTA, GST
Mar 10 , 2020
FDGFT Allows submission of self-attested Exporters copy of Shipping bill
48/2015-2020, FTP, Proof of Export, Shipping bill
Feb 06 , 2020
Major Tax Exemptions to Startups
Section 54, Income Tax, Section 80 IAC, Section 56, Section 54EE, Section 54GB
38TH GST Council Meeting Updates
GSTR9, GSTR9C, Extention, Waiver of Late Fees, E-Way bill, Blocked, ITC 10%, Lottery
Does ITC Reversal Applicable in GST, if recipient fails to pay to the Supplier within 180 Days ?
GST, ITC, Inputs
Is your entity considered as Startup
Income Tax, 80IAC, 56(2)(viib), Form 2 to DPIIT, Form 1 to DPIIT
Recommendations of 34th GST council Meeting
GST, TDR lease, Development rights, construction, ITC on construction
Are you in the "List of Directors Disqualified" published by MCA?
Companies Act, Law, Section 164, Disqualiication
Section164 Disqualification under Companies Act
Company law, Default by director, Companies act, appointment of director
Disallowance of Interest expense under Income Tax Act
Income Tax, Interest Expense, Loan from associated enterprise
Tax Planning: Deduction of 30% of Additional Employee Cost in Business
Income tax, deduction, 80JJAA, Business Income, Profits or gains from Business, Employee Cost,Form 10DA, Tax Audit
Beware, You should mandatorily quote your PAN for these transactions
PAN, Income Tax, Life Insurance, Banking, Property Purchase or sale
Export of Goods and Services without paying IGST
GST, IGST, Export of goods, Rule 96A, Letter of Undertaking, Export under bonds, GST RFD-11
Disclosure of Prevention Of Sexual Harassment in Director's report
Director's report, Prevention of Sexual Harassment, Companies Act
When & to Whom is Equalization Levy Applicable for
Income tax, equalization levy,Advertisers, Non Resident, PE, Specified services
Notice of Removal of Companies Name from Registrar of companies
Closure of Limited Companies procedure
Issues regarding "Bill to Ship to" for e-way bill
GST, e-way bill, electronic way bill, bill to ship to
How to reserve unique name for a company during Incorporation
Companies, Reserving name, Name of company, RUN
Effects of Partial withdrawal of National Pension Scheme
Income tax, exemption, NPS, 80CCD, self employed
Single Master Form- Should Companies report Foreign Investment
MCA, Companies Act, SMF,Foreign investment
Transfer Pricing: Specified Domestic Transaction
Specified Domestic Transaction, Income tax, Transfer Pricing
TDS Implication on Joint Development Agreements
TDS, Income tax, Joint development agreements, sec 194-IC, resident
Applicability of GST for Clinical Establishments
GST, Clinical Establishments, Clinics GST, Healthcare
Latest Newsletters
What are the Exception to Faceless Assessment Scheme?
Faceless Assessment, Income Tax Notifications
Dec 23 , 2021
Whether services provided by a establishment of a foreign company come under the ambit of Export of Services?
Export of service, CBIT, RBI
Dec 04 , 2021
Finance Automation for E-commerce using QuickBooks
ECO, e commerce, Quickbooks, Accounting
Nov 08 , 2021
Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021
Custom rules 2021, Import of Goods, Concessional Duty
Nov 05 , 2021
STANDARD OPERATING PROCEDURE (SOP) TO CANCEL GST REGISTRATION.
SOP, Cancellation of GST Registration, GST Registration
Oct 30 , 2021
Disclaimer:
Information contained herein is for informational purposes only and should not be used in deciding any particular case. The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Though utmost efforts have been made to provide authentic information, it is suggested that to have better understanding and obtaining professional advice after thorough examination of particular situation.