GST on Housing Societies & Resident Welfare Associations. supply of service by RWA (unincorporated body or a registered non- profit entity) to its own members by way of reimbursement of… Read More
When is compulsory GST registration required? A person registered under the Pre-GST law (i.e., Excise, VAT, Service Tax, etc.) Casual taxable persons rendering taxable supplies A person who is required… Read More
CBDT clarifies extension validity of lower or nil TDS/TCS certificate CBDT issued order an explanation/ clarification U/s 119 on 9-04-2020 on questions arising from orders issued on 31 March and… Read More
CASE UPDATES: It is explained by the Central Board of Direct Taxes (CBDT) that the limited scrutiny cases referred under CASS cycles in 2017 and 2018 where the issues referred… Read More
Direct Tax:- CBDT has issued a clarification regarding taxability of the compensation received by the land owner for the land acquired under the right to fair compensation and transpereancy in… Read More
Direct Tax: Gujarat High court held that tax cannot be levied on gain from sale of agricultural land based on intention of buyer to use the land for business purpose. Principal… Read More
UPDATES WITH GST GST COMPLIANCE CALENDAR- JANUARY, 2021 Key Due Dates: 10 Jan 2021 (Sunday) ✓ GSTR-7 for the month of December 2020 (For TDS Deductors under section 51) ✓… Read More
Implementation of NFRA-''a encroachment in independence of ICAI'' ICAI has formed a special group to interact with the Government on a day-to-day basis for the formation of the National Financial… Read More
corporate and professional updates 18th oct 2018 DIRECT TAX Addition on account of un-explained loan - assessee discharged its initial onus to prove the identity of the investor company, its… Read More
corporate and professional updates 15th oct 2018 DIRECT TAX Bombay High court held that reassessment for non-disclosure of bank A/C which was disclosed during the original assessment is invalid. Akshar… Read More