INCOME TAX

NITI Aayog suggest for mandatory savings plans for elderly & tax reforms

RJA 23 Feb, 2024

NITI Aayog recommends for mandatory savings plans for elderly & tax reforms The apex public policy think tank of the Government of India NITI Aayog has pitched for Income tax & GST tax reforms, mandatory saving plan, & housing plan for elderly in India, as the recent data shows that ...

Goods and Services Tax

Changes in ISD Concept & Definition: Union budget 2024

RJA 05 Feb, 2024

Changes in Input Service Distributer (ISD) Concept & Definition: Union budget 2024 Registration as input service distributer (ISD) & Distribution of Input Tax Credit is proposed that to to necessary every person receives GST invoices for or on behalf of other branches having separate Goods and Services Tax Identification Number. It ...

INCOME TAX

Outstanding Small Income Tax Demands Not required pay off: Budget 2024

RJA 05 Feb, 2024

Outstanding Small Income Tax Demands Not required pay off : Budget 2024 The Indian Government has extended an olive branch to Income tax taxpayer those who are still handling with Petty small Income tax Demands related to previous year. Tax Dept to waive off small Income tax demands autonomously clear pending petty ...

Goods and Services Tax

Excess RCM claimed: ITC Claimed Twice against the RCM paid

RJA 18 Jan, 2024

Interest on ITC Credit Claimed Twice against the RCM paid : Excess RCM claimed Relevant provisions under GST Act. : Interest on ITC wrongly availed and utilised. As per substituted subsection 50 (3) of the act, interest is applicable only where ITC is wrongly availed and utilized. In order to attract interest u/...

Goods and Services Tax

Compulsory e-Invoice Details & New HSN Code Requirements

RJA 17 Jan, 2024

Compulsory e-Invoice Details & New Harmonized System of Nomenclature (HSN) Code Requirements: Here are main basic points related to 2 update related to e-Way bills- New requirement of Changes in e-Waybill Generation/ issuing in GST HSN code is Compulsory in GSTR 1 for B2B exempt supply, depending on the AATO of ...

TDS

Payment made for official Sponsor/Promotion objective is not consider royalty

RJA 31 Dec, 2023

Payment made for official sponsor / promotion objective is not consider royalty: ITAT Assessee had been taken an appointed as the official sponsor of ICC Events, after that said assessee submit an application to remit professional sponsorship amounts to Global Cricket Corporation PTE Ltd. – Singapore (GCC) without deduction of TDS ...

Goods and Services Tax

GST Taxpayers will be permitted to submit Revised GST Returns w.e.f April 2025

RJA 30 Dec, 2023

GST Taxpayers May be permitted to submit Revised GST Returns with effect from Apr 2025 At present, there is no provision for filing revised goods and Services Tax Returns under GST, barring minor corrections in GST Invoice details & information uploaded on goods and Services Tax portal. Indian Industry has been ...

IBC

IBC Code Section 29A disqualification applies in the present time.

RJA 24 Dec, 2023

Principles enshrined in relation to IBC Code Section 29A disqualification applies in the present time. National Company Law Appellate Tribunal give the judgments that Non-Executive Director who wasn’t involved in Mgt of company affairs couldn’t be disqualified u/s 29A, Managing Director of a Successful Resolution ...

IBC

Complete Explanation on IBC Section 29A Eligibility Check

RJA 23 Dec, 2023

Complete Explanation on IBC Section 29A Eligibility Check IBC Section-29A clearly states that “A person shall not be eligible to file a Vibal resolution plan, In case that person, or any other person acting jointly or in concert with a such person— As above expression ...

INCOME TAX

Income Tax refund claimed in ITR for AY 2018-19 to 2020-21 to Jan 31, 2024

RJA 13 Dec, 2023

Income Tax refund claimed in ITR for AY 2018-19 to 2020-21 to Jan 31, 2024 Central Board of Direct Taxes via Order F. No. 225/132/2023-ITA-II, issued on October 16, 2023 extends Timeline for process income Tax refund claimed Income Tax return for Assessment Year 2018-19 to Assessment Year 2020-21 to January 31, 2024 The Central Board ...

COMPANY LAW

Statutory & Tax Compliance Calendar for December 2023

RJA 01 Dec, 2023

Statutory & Tax Compliance Calendar for December 2023 S. No. Statue Purpose Compliance Period Due Date Compliance Details 1. Goods and Services Tax GSTR-7- Tax Deducted at Source Return under Goods and Services Tax Nov-23 10-Dec-23 GSTR 7 is a return to be filed by the persons who is required to deduct ...

INCOME TAX

CBDT: 11.5 Cr PAN cards were deactivated for failing to be linked with Aadhaar cards

RJA 21 Nov, 2023

CBDT: 11.5 Cr PAN cards were deactivated for failing to be linked with Aadhaar cards Link PAN and Aadhaar card: Failure to link PAN and Aadhaar card by 30 June will result in a fine of Rs. 1,000 and PAN deactivation. PAN will become inoprative from 1 July 2023, therafter you needed Reactivating the ...

IBC

Supreme Court upholds validity of Personal Guarantors’ IP of IBC Code

RJA 07 Nov, 2023

Supreme Court upholds validity of main provisions of Personal Guarantors’ Insolvency Resolution of IBC Code, Supreme Court on Nov 2023 upheld few IBC Provisions of the IBC which were challenged on grounds of being violative of fundamental rights like the right to equality of those against whom insolvency proceedings are ...

GST Filling

GST apply to corporate guarantees between Subsidiaries, Parent & parties

RJA 28 Oct, 2023

18% GST apply to corporate guarantees between Subsidiaries, Parent & Related parties GST on service supplied by State or Central Govt. to their undertakings or Public sector undertaking’s by way of guaranteeing loans taken by them -The Central Board of Indirect Taxes and Customs issue explanation that guaranteeing of ...

INCOME TAX

Basic Conditions of Condonation in filing of Income Tax Form 10-IC

RJA 24 Oct, 2023

Conditions of Condonation in filing of Income Tax Form 10-IC  1. Representations had been received by The Central Board of Direct Taxes stating that Income Tax Form No. 10-IC could not be submitted for A.Y. 2021-22 within the Timeline date or extended Timeline date, as the case may be. ...

INCOME TAX

IT Dept. : More than INR 102 Cr value of jewellery & cash seized in searches on contractors

RJA 18 Oct, 2023

More than INR 102 Cr value of jewellery & cash seized in searches on contractors: the Income Tax Department has disclosed. The Income Tax Department has revealed that searches conducted between October 12 and 15 at 55 locations in Karnataka, Telangana, Andhra Pradesh, and Delhi in connection with alleged illicit earnings generated by civil ...

INCOME TAX

Mode of operation in financial fraud & tax avoidance made by contractor

RJA 18 Oct, 2023

Mode of operation in financial fraud & tax avoidance made by contractor The basic method of operation outlined points to a typical scheme for financial fraud and tax avoidance. To decrease their tax liability and produce unaccounted cash and hidden assets, contractors engaging in such activities overstate their expenses and ...

Goods and Services Tax

New Changes in Goods and Services Tax Law which come to be effective from 01.10.2023

RJA 17 Oct, 2023

New Changes in Goods and Services Tax Law which come to be effective from 01.10.2023 ITC for Corporate social responsibility Expenses has been restricted. Time Limit to generate E-Invoice with effect from 01 Nov 2023. Govt may share the information of assessee by taking prior consent. New condition has been inserted for Supply ...

INCOME TAX

Timeline Date for Payment of Second Instalment of Income Tax Advance Tax

RJA 12 Sep, 2023

Timeline Date for Payment of Second Instalment of Income Tax Advance Tax Tax Dept. has notifies that Second Instalment of Advance Tax Payment is approaching soon. Timeline Date of payment of second instalment of Advance Tax is 15th Sep, 2023. Pay your Second Instalment of Income Tax Advance Tax by 15th ...

IBC

Model time line for CIRP (Corporate Insolvency Resolution Process )

RJA 10 Sep, 2023

Model time line for CIRP (Corporate Insolvency Resolution Process) Under IBC law  Section/ Regulation Description of Activity Norm Latest timeline Section 16(1) Commencement of CIRP and appointment of IRP   T Regulation 6(1) Public announcement inviting claims within 3 Days of Appointment of IRP T+3 Section 15(1)(e)/Regulations 6(2)(e) and 12(1) Submission of ...

IBC

Filing of Forms under the Insolvency & Bankruptcy Code

RJA 10 Sep, 2023

Filing of Forms under the Insolvency & Bankruptcy Code  (1) The insolvency professional, interim resolution professional or resolution professional, as the case may be, shall file the Forms, along with the enclosures thereto, on an electronic platform of the Board, as per the timelines stipulated against each Form, in ...

IBC

Summary of Important Rulings on Insolvency & Bankruptcy Code

RJA 09 Sep, 2023

Summary of Importants Rulings on Insolvency & Bankruptcy Code       Court:  Supreme Court   S.no Name of Case Law Decision 1 Innoventive Industries Ltd Vs ICICI Bank and Anr.  IBC has overriding effect of all Acts. Moratorium imposed in IBC will previal aginst all other Acts &...

IBC

Summary of Importants Penalties on Insolvency & Bankruptcy Code

RJA 09 Sep, 2023

Summary of Importants Penalties on Insolvency & Bankruptcy Code CIRP Section 68 to 77 - Penalties on Insolvency & Bankruptcy Code     S.No Nature of Offence Punishment       Imprisonment Fine 1 Concealment of Property 3-5 1-100 2 Misconduct during CIRP by CD/officer 3-5 1-100 3 Falsification of Books of ...

COMPANY LAW

Taxation & Statutory Compliance Calendar for Sept 2023

RJA 07 Sep, 2023

Taxation & Statutory Compliance Calendar for Sept 2023 Important dates in Sept 2023 for compliance under GST & Income tax & Other Law    S. No. Statue Purpose Compliance Period Due Date Compliance Details 1 Income Tax Tax Deducted at Source / Tax Collected at Source Liability Deposit Aug-23 7-Sep-23 Timeline ...

Money Back Guarantee

Not happy with the service? You can request a refund at anytime within 30 days!

24/7 Support

Get support through phone, email, mobile app or live chat - 24/7, 365 days.

EMI Payment

Easily pay online with EMI payments, credit or debit card, net banking, PayPal and more.

Private Limited Company

Popular Categories

Browse Blogs

Recent Posts

NITI Aayog suggest for mandatory savings plans for elderly & tax reforms

NITI Aayog suggest for mandatory savings plans for elderly & tax reforms

Outstanding Small Income Tax Demands Not required pay off: Budget 2024

Outstanding Small Income Tax Demands Not required pay off: Budget 2024

Changes in ISD Concept & Definition: Union budget 2024

Changes in ISD Concept & Definition: Union budget 2024

Excess RCM claimed: ITC Claimed Twice against the RCM paid

Excess RCM claimed: ITC Claimed Twice against the RCM paid

Compulsory e-Invoice Details & New HSN Code Requirements

Compulsory e-Invoice Details & New HSN Code Requirements

Connect with a RJA Advisor

Fields marked with an * are required

Enquire Us

Please send us your query and we feel very happy helping you

Testimonials

  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

    A Leading Consultancy Firm in Dubai

Get In Touch--

Rajput Jain & Associates

Add: P-60, Connaught Circus, Connaught Place, New Delhi-110001

Email: singh@carajput.com

Phone: 9555555480

Legal Disclaimer--

The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

© 2016 Rajput Jain & Associates. All Rights Reserved | Sitemap

Call Email