New and amended TDS provisions proposed in Union Budget 2019
Insertion of Section 194M – TDS on payment by individual / HUF for contractual / professional services A new section 194M has been inserted effective...
Category : Blogs
Detailed analysis of Notifications issued by CBIC on 28th June 2019
Notification No. 26/2019-Central Tax Extension of GSTR 7 for the period from October 2018 to July 2019 till 31st Day of 2019. Notification No. 27/2019-Central...
Decoding GSTR 9A
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/06/Decoding-GSTR-9A-1.odt” comments=”true” SVG=”true”] To download the complete article, click here Decoding GSTR 9A...
Understanding the basics of GST Annual Return for Regular Taxable Person (GSTR – 9)
Introduction Section 44(1) read with Rule 80(1) stipulates every regular taxable person to file the Annual Returns under GST within the due date specified under...
New Set off rules as per Rule 88A
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/Rule-88A-clarification.odt” comments=”true” SVG=”true”]...
Quoting of Permanent Account Number in Returns, Certificates and Correspondence with any Income Tax Authority
After demonetisation, there is a fear in everyone’s mind whether to submit their PAN to certain department or not or whether this transaction requires submission...
Summary of all Changes made by various GST Councils as applicable from 01st Feb, 2019
The GST Council from time to time has made certain changes in the GST Act to made it more powerful. On recommendations of the GST...
ALL ABOUT FORM DPT-3 INTRODUCED BY MINISTRY OF CORPORATE AFFAIRS
On 22nd January 2019, The Ministry of Corporate Affairs has notified The Companies (Acceptance of Deposits) Amendment Rules, 2019, which has come into force with...
How to increase the Authorised share capital of the Company
In the Companies Act 2013, the procedure for the increase in the Authorised share capital has been governed in sections 61 and 64 of the...
All about “Damages”
DAMAGES Damages, in simple terms, refer to a form of compensation due to a breach, loss or injury. “Damages” are often confused with “damage”. However,...
GST is attracted on the services of employees of Corporate Office to Branch Office : AAR Karnataka
Ruling : The activities performed by the employees at the corporate office in the course of or in relation to employment such as accounting, other...
National Company Law Tribunal approves the merger of LLP with Private company – NCLT Chennai
The recent case law of M/s Real Image LLP with M/s Qube Cinema Technologies Private Limited before the National Company Law Tribunal , Chennai wherein...
Excise & Customs : Exemption notifications should be interpreted strictly, assessee cannot take benefit of ambiguity in exemption notification – SC
The Constitution Bench of Supreme Court of India in Commissioner of Customs vs Dilip Kumar & Company [Civil Appeal No. 3327 of 2007] on July 30,...
Penalty or Additional Fee for delay in Filing ROC Forms.
Penalty or Additional Fee for delay in Filing ROC Forms. Background: In Northern region comprising Punjab, Chandigarh and Himachal Pradesh, around 51% of the active...
Section 185 of the Companies Amendment Act 2017
Section 185: Loan to directors. Summary: In this we are referring the provision of Section 185 of Companies Amendment Act 2017 (Loan to directors...
Unique Document Identification Number (UDIN)
In an initiative towards maintaining the integrity of the certification being done by the Chartered Accountants and to keep a track that no person other...
Analysis of Section 44AD & 44ADA of the Income Tax Act, 1961
Brief History : Special Provisions for computing Profits and Gains of Business on Presumptive Basis Presumptive Taxation u/s 44AD and 44AE was introduced by the...
No GST on “Duty Free Shops” at Airports
The travelers of the International flights do not have to pay the Goods and Services Tax (GST) while purchasing the goods from the Airport’s duty...
High Value Transactions – This is how IT Dept comes to know
Have you ever wondered how the income tax authorities got to know that you have purchased gold jewellery of more than Rs. 2,00,000 or a...
How to claim missed tax invoices having Input Tax Credit in the subsequent months
Recently, a lot of discussion has been going on regarding the claim of the missed tax invoices having input tax credit in them. The possible...
All about Foreign Contribution Regulation Act (FCRA), 2010
Introduction Foreign Contribution (Regulation) Act , 2010 is enacted by the Parliament to consolidate the law to regulate the acceptance and utilization of foreign contribution...