Month: January 2020
Claim of exemption u/s 10 for agricultural land not liable to penalty u/s 271(1)(c). ITAT directed Assessing Officer to delete the penalty. ABCAUS Case Law Citation:ABCAUS 3214 (2019) (01) ITAT Important case law relied upon by the parties:Shri Prakash Raj Bhansali vs ITO In the instant case, an …
Additions agreed during assessment proceedings can be challenged in appeal when assessee itself not made disallowance in return of income ABCAUS Case Law Citation:ABCAUS 3213 (2020) (01) ITAT Important case law relied upon by the parties:CIT vs. Everest Kento Cylinders Ltd (2015)(58 taxmann.com 254)(378 ITR 57), In the …
IIT (Indian School of Mines) Dhanbad approved u/s 35(1) (ii)/(iii) from AY 2019-2020 and onwards MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 2 /2020 New Delhi, the 3rd January, 2020 S.O. 74(E).—It is hereby notified for general information that the organization M/s Indian Institute …
Whole-time company secretary must for Private companies with paid up share capital of ten crore or more, Secretarial audit must for company having outstanding loans or borrowings from banks/PFIs of 100 crore or more. Share capital limit increased for appointment of company secretary MINISTRY OF CORPORATE AFFAIRS NOTIFICATION …
Opportunity to update email ID in eRegiter of Trade Mark Registry Office of the Controller General of Patents, Designs & Trade Marks has offered opportunity to update email ID in eRegiter of Trade Mark Registry(TMR) According to the Press Release issued in this regard, during the stakeholders meetings …
RBI launches Mobile Aided Note Identifier (MANI) mobile app for visually impaired persons to identify denomination of Indian Banknotes. RBI has launched a “Mobile Aided Note Identifier (MANI)”, a mobile application for aiding visually impaired persons to identify the denomination of Indian Banknotes. Indian banknotes contain several features …
CBDT notifies and revises eligibility norms for ITR-1 SAHAJ and ITR-4 SUGAM for AY 2020-21 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 01/2020 New Delhi, the 3rd January, 2020 INCOME-TAX G.S.R. 9(E).—In exercise of the powers conferred by section 139 read with section 295 …
Increase in GST threshold turnover from 20 lakh to 40 lakh for suppliers to take affect from 01.01.2020 where recommended. Read Notification Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 01/2020–Central Tax New Delhi, the 01st January, 2020 G.S.R. 2(E).— In …
Extension of last date for exercising option to transfer ITC from registered GSTIN in J&K and Ladakh MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 03/2020 – Central Tax New Delhi, the 01st January, 2020 G.S.R. 5(E).—In exercise of the powers conferred by …
Extension of last date for submitting GST TRAN-1 / TRAN-2. CGST (Amendment) Rules 2020 Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 02/2020–Central Tax New Delhi, the 01st January, 2020 G.S.R……… (E). – In exercise of the powers conferred by section 164 …