New GST Toll-free help desk number 1800-103-4786 launched from 26.02.2020 old number is discontinued GSTN has launched a new GST Toll-free help desk number. The new GST Portal Help Desk number is 1800-103-4786 from 26th Feb 2020. The existing no. 0120-4888999 will be discontinued. As per GSTN, it …
Penalty notice u/s 271AAB without specifying at what percentage the penalty will be levied makes it defective and invalid and deserved to be quashed-ITAT ABCAUS Case Law Citation:ABCAUS 3274 (2020) (02) ITAT Important case law relied upon by the parties:DCIT v/s R. ElangovanRavi Mathur vs. DCITPr. CIT vs. …
Fixed medical allowance to employees taxable without proof that medical expenditure actually incurred. ITAT upheld addition u/s 201(1) for short deduction of TDS ABCAUS Case Law Citation:ABCAUS 3273 (2020) (02) ITAT In the instant case, the appeal was filed by the Branch Manager of LIC (the assessee) against …
SEBI allows investors to directly access infrastructure of recognised stock exchanges to purchase/redeem mutual fund units directly from MF/ AM Companies Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD1/DSAP/CIR/P/2020/29 February 26, 2020 ToAll recognised Stock Exchanges, Clearing Corporations and Depositories (except Stock Exchanges and Clearing Corporations in International …
Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be taxed not entire purchase ABCAUS Case Law Citation:ABCAUS 3272 (2020) (02) HC Important case law relied upon by the parties:Kaveri Rice Mills vs. Commissioner of Income-Tax, (2006)157 Taxman …
Salient features of the CARO 2020 applicable for financial year commencing on 1st April 2019 onwards MCA has notified the Companies (Auditor’s Report) Order, 2020, CARO 2020 is applicable for the financial years commencing on or after the 1st April, 2019. Salient features of the CARO 2020 are …