Author: administrator

Insolvency professional not to outsource his responsibilities-IBBI

Insolvency professional not to outsource his responsibilities. The Code read with regulations do not envisage such a certification from a third person. The Insolvency and Bankruptcy Code, 2016 (Code) read with regulations made thereunder cast specific duties and responsibilities on an insolvency professional. An insolvency professional is required to …

Share application money circular transaction addition u/s 68 deleted where loan creditors had subscribed

Share application money circular transaction addition u/s 68 deleted where loan creditors had subscribed out of the loans repaid by the company-ITAT upholds findings of CIT(A) as identity, genuineness of transaction and creditworthiness of subscribers were not doubted Prelude: Section 68 of the Income Tax Act, 1961 (Act) contains provisions …

Filing of returns under GST-CBEC Clarification with consolidated information in various notifications/circulars

Filing of returns under GST-CBEC circular. Clarification with consolidated information in various notifications and circulars regarding GST return filing  Circular No. 26/26/2017-GST F. No. 349/164/2017/-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 29th …