Input Tax Credit Checklist Under GST Audit This article provides some insights into the possible coverage in this ITC review providing draft a step wise…
CA Blog India’s Latest Articles ⇒ GST RECENT NOTIFICATIONS, CIRCULARS AND ORDER ON GST 80 Questions on GSTR-9 GST on Gold and Jewellery made out…
Listed companies will pay tax on buy-back of shares- Finance Bill 2019 A company generally buys-back its shares if they are in excess or market…
During tax filing season, most people turn to Chartered Accountants to do their filing for them. This puts the onus of error-free filing on the…
Gift received by a non-resident from a resident person shall be deemed to accrue or arise in India – Finance Bill 2019 [Applicable from Assessment…
Section 139A lays down the conditions in which a person is required to obtain PAN. In current sce-nario, PAN has to be mentioned in all…
Finance bill 2019 made return filing mandatory in certain circumstances (To be Applicable from Assessment Year 2020-21) As per current provisions, if income of an…
Interest to be computed on net tax liability A Proviso has been inserted in Section 50 of the CGST Act, 2017 (‘Interest on Delayed Payment…
Individuals and HUFs (not liable for tax audit) shall deduct tax from the sum payable to the resident contractor or professional (Applicable from September 1,…
Association of Persons (AOP) vs Body of Individuals (BOI) The Income-tax Act, 1961 defines the term “person” in section 2(31). Terms such as individual, HUF,…
1. Due date prescribed for filing of GSTR-1[Notification No. 27/2019 and 28/2019-Central Tax] A registered person can file a quarterly return in Form GSTR-1 (for…
Application of Income Tax on Trusts Under the Indian Income Taxation Laws, a trust is considered as charitable, if its objects are directed to the…