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Tax Invasion is a Social Injustice to fellow citizens: Chief Justice of India Tax Judiciary plays an important role in resource mobilization of the country; Artificial Intelligence is a new hope for Public Institutions; Inaugurates 79th Foundation Day Celebrations and All India Members’ Conference of the Income …
SOP to be followed by exporters for claiming IGST refund. Format of details to be provided for verification SOP for exporters to claim IGST refund Circular No.131/1/2020-GST CBEC-20/16/07/2020-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing***** New Delhi, Dated the 23rd January, …
Section 68 not applicable to sales receipt shown in books of accounts. A Receipt can not be treated sale proceeds & unexplained cash credit simultaneously. ABCAUS Case Law Citation:ABCAUS 3232 (2020) (01) ITAT In this case, appeal had been filed at the instance of the Assessee against the …
MCA to notify new SPICe Plus Form replacing existing SPICe form. SPICe+ would be an integrated Web form offering multiple services including GSTIN allotment New SPICe Plus Form Features According to MCA as part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate …
Belief of income escapement must indicate income escaping assessment than need of probe which may, or may not, lead to income escaping assessment. Reopening to verify source of cash deposits in bank is no requisite satisfaction ABCAUS Case Law Citation:ABCAUS 3231 (2020) (01) ITAT Important case law relied …
Registration u/s 12A declined due to byelaws/memorandum not signed/certified by Authorized Signatory of trust. ITAT set aside the order of CIT(exemption) This is a classic example where Tax Authority failed to consider that the Income Tax Act is a beneficial and not a penal legislation and CIT(A) could …
SOP for suspension/ revocation of trading of specified securities for non-compliance with SEBI Listing Regulations Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD/CIR/P/2020/12 January 22, 2020 To,All the Recognized Stock ExchangesAll Depositories Dear Sir/Madam, Sub: Non-compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, …
SEBI Streamlines Process of Rights Issues where Letter of Offer (LoF) is filed with stock exchanges on or after 14.02.2020 Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/DIL2/CIR/P/2020/13 January 22, 2020 ToRecognized Stock ExchangesDepositoriesRegistered Stock BrokersRegistered Merchant BankersRegistered Registrars to an Issue and Share Transfer AgentsRegistered Depository ParticipantsRegistered …
GST Taxpayers allowed to file GSTR-3B Returns in Staggered Manner due to difficulties faced in filing of the returns due to GSTN portal glitches. GSTR-3B Returns can be filed in Staggered Manner Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner Considering …
Income Tax advisory on phishing scams, shares list of trusted emails, website urls & text codes Income Tax Department has issued an advisory alerting assesses on phishing scams. Phishing is the fraudulent attempt to obtain sensitive information from the target person such as usernames, passwords, bank/credit/debit card details etc. by disguising …
