Statutory Compliance Calendar for June 2022 S. No. Statue Under Which Period Of Compliance Filling Purpose Timeline Date Particular of Compliance Details 1 Goods and Services Tax May-22 GSTR -7 Tax deducted at source return under Goods and Services Tax 11-Jun-22 GSTR -7 is a return to be filed by the persons who …
The Government of India provides the following updates in the month of May 2021, under various laws. INCOME TAX The due date for depositing TCS for the month of March -2021 has been extended up to 15th May 2021. Income Tax Department issued a notice stating that it has issued over Rs 17,061 crore of …
www.caindelhiindia.com; Corporate updates DIRECT TAX:- CBDT has issued a circular via circular no. 42 of 2016 regarding clarifications on the Direct Tax Dispute Resolution Scheme, 2016. This scheme provides an opportunity for taxpayers who are under litigation to come forward & settle the dispute in accordance with the provisions of the scheme. ITAT Bench Jaipur …
CORPORATE AND PROFESSIONAL UPDATE DATED 28 JANUARY INCOME TAX ACT SECTION 9 INCOME – DEEMED TO ACCRUE OR ARISE IN INDIA Treaty Shopping : SLP granted against High Court’s ruling that where shares of Indian company were listed, income arising from any future transfer of those shares would itself be exempt by virtue of section 10(38) …
CORPORATE & PROFESSIONAL UPDATE DECEMBER 19, 2015 CBDT takes various significant decisions in last three months for providing better taxpayer services, improving ease of doing business and reducing the burden of compliance on the tax payer The Central Board of Direct Taxes (CBDT) has taken a number of decisions over last three months with the …
CORPORATE AND PROFESSIONAL UPDATE ON DECEMBER 6, 2015 DIRECT TAX No reassessment beyond 4 years to tax deemed dividend if material facts of such income were disclosed in assessment [2015] 104 (Gujarat) Viren Sureshchandra Shah v. ACIT. Personal loan given by a company to its shareholder holding substantial interest in it would be taxable as deemed dividend [2015] …
Corporate tax Update for the Month : Company Law: Query: Is sitting fees payable to a director who participates in a meeting through video conferencing? Answer: Yes, sitting fee is payable to a director who participates in a meeting through any of two modes viz. in person or through video conferencing or any other audio visual means. …
KEY POINTS ON ANNUAL FILINGS TO ROC – MGT-14 for Approval of Accounts & draft board report a. Pvt Co. – Not Required b. Public Co. – Required New forms AOC-4 (earlier 23AC/23ACA) and MGT-7 (earlier 20B) are introduced for annual filings. Board Report shall include various disclosures as per sec 134 & other section …
Service tax shall not liable in respect of the packaging of fertilizer Recently, the Supreme court in the case of Commissioner of Central Excise, Goa. v/s M/s. New Era Handling Agency, (2015) 59 438 (SC), has held that manufacturing is not complete without packaging and therefore, packaging would be essential part of manufacturing and Service tax shall not …
BASIC FOR THE ISSUE OF BUSINESS VISAS AND EMPLOYMENT VISAS FOR FOREIGN NATIONALS The Department of Industrial Policy and Promotion of the Ministry of Commerce and Industry notified certain guidelines for the issue of Business Visas (“BVs”) and Employment Visas (“EVs”) to foreign nationals. Per these guidelines all foreign nationals in India who were on …