Daily Archive: Sunday, August 6, 2017

Increase in additional fee for late filing of Annual Return-Balance sheet with ROC by the Companies (Amendment) Act, 2017

Author: | Categories: Companies Act No comments
Increase in additional fee for late filing of Annual Return-Balance sheet with ROC by the Companies (Amendment) Act, 2017  The Companies (Amendment) Act, 2017 (Bill No. 73-C of 2016) was passed by the Lok Sabha on 27/07/2017. The Act inter alia has amended section 92 related to Annual Return

 

Penalty for failure to pay advance income tax by trust claiming exemption u/s 11 upheld by High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Penalty for failure to pay advance income tax by trust claiming exemption u/s 11 upheld when for last forty years, income was held to be taxable by ITAT- High Court   ABCAUS Case Law Citation: ABCAUS 2017 (2017) (08) HC The Substantial Question of Law framed for determination: The

 

For registration u/s 12AA only objects and genuineness of activities are relevant considerations

Author: | Categories: High Courts, Income Tax, Judgments No comments
For registration u/s 12AA only objects and genuineness of activities are relevant considerations. Failure to prove genuineness of donation or loan can not lead to negative inference. High Court approves ITAT view ABCAUS Case Law Citation: ABCAUS 2016 (2017) (08) HC The Substantial Question of Law framed for determination:

 

GST rates on thirteen services reduced by GST Council in its 20th meeting

Author: | Categories: GST No comments
GST rates on thirteen services reduced by GST Council in its 20th meeting The summary of Decisions taken with respect to revised rates at 20th GST Council Meeting on 5 August, 2017 are as under S. No. Description of service From To 1. Job work services in respect of