• GST

New GST Toll-free help desk number 1800-103-4786 launched from 26.02.2020

6 years ago

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…

  • Income Tax

Penalty notice u/s 271AAB without specifying percentage clause held invalid

6 years ago

Penalty notice u/s 271AAB without specifying at what percentage the penalty will be levied makes it defective and invalid and…

  • Income Tax

Fixed medical allowance to employees taxable without proof of actual medical expenditure

6 years ago

Fixed medical allowance to employees taxable without proof that medical expenditure actually incurred. ITAT upheld addition u/s 201(1) for short…

  • SEBI

Investors to directly access infrastructure of recognised SEs for MFs purchase/sale

6 years ago

SEBI allows investors to directly access infrastructure of recognised stock exchanges to purchase/redeem mutual fund units directly from MF/ AM…

  • Income Tax

Profit on Hawala/Bogus purchase/accommodation entries @ 5% upheld by High Court.

6 years ago

Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be…

  • Companies Act

Salient features of CARO 2020 applicable for financial year commencing 1st April 2019 onwards

6 years ago

Salient features of the CARO 2020 applicable for financial year commencing on 1st April 2019 onwards MCA has notified the…

  • Income Tax

“records” for Revision u/s 263 include records related to preceding assessment years also

6 years ago

For Revision u/s 263, records include records relating to assessment proceedings of preceding assessment years ABCAUS Case Law Citation:ABCAUS 3271…

  • Companies Act

CARO 2020- MCA notifies Companies (Auditor’s Report) Order 2020. Key Changes

6 years ago

CARO 2020. MCA notifies Companies (Auditor's Report) Order 2020. Read Key Changes / Highlights  CARO 2020 - Companies (Auditor's Report)…

  • Income Tax

Addition u/s 56(2)(ii) deleted as Law cannot ignore ground realities despite a deeming fiction

6 years ago

Addition u/s 56(2)(ii) deleted as Law cannot operate in vaccum de-horse ground realities though deeming section not requires any incriminating…

  • SEBI

Mauritius included in FATF list of “jurisdictions under increased monitoring” – SEBI 

6 years ago

Mauritius included in FATF list of jurisdictions under increased monitoring - SEBI. Though FPIs from Mauritius continue to be eligible…