Money transfers/repatriation of non-repatriable earnings and NRO Account available balances: While under the FEMA Act, 1999, NRI’s non-repatriable current earnings, like rental, dividends, insurance, Interest on NRO investment, etc. attributed to the NRO account, is now completely repatriable subject to reasonable tax payment/deduction. NRIs that do not hold an NRO account is also given such …
The “Input Tax Credit” is NOT available for project development services under the Central Goods and Services Tax Act, 2017. RULING of AAR, Gujrat – M/s. Deendayal Port Trust (erstwhile Kandla Port Trust) The concern involved in this incident concerns the ‘Input Tax Credit’ under the CGST Act. A port trust that runs a big port …
RBI enforce withdrawal restriction of a total amount not exceeding 500 For Karnala Nagari Sahakari Bank Ltd., (Maharashtra) 1. Authority to issue certain Directions to Karnala Nagari Sahakari Bank Ltd., (Maharashtra) by which, as from of the end of trading on 15 June 2020, the Administrator of the aforementioned bank shall not, without prior written …
Does GST Late Fee past return Waiver decision – Correct or Incorrect? GST Council’s recent decision at the 40th Council meeting on the comprehensive waiver of the late fee for nil returns and the capping of Rs. 500 pm for others from July 2017 to Jan 2020 has decided to open the room for debate on …
Failed to file some form of charge because with the LockDown? If so, therefore the new MCA Circular will help you with this. Reference this Circular here MCA formed General Circular No. General Circular No. 23/2020 dated 20th June 2020 on Specific Steps under Companies Act, 2013 (CA-2013) in view of the COVID-19 outbreak which …
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Company Registration in Gurugram: A Step-by-Step Guide Company Registration in Gurugram is a simple and straightforward process; registering as a Private Limited (Pvt Ltd Registration) in Gurugram is the first step in the corporate route; it is a structure one where your liability in the event of a failure is limited to the capital invested; this …
Today Update : DIRECT TAX:- DVAT depth. the provisional login/ password removed from the dealer’s login has been restored for accessing to GSTN portal. Members instantly avail of this opportunity for timely migration to GST & do not wait for the next phase. TEAM STBA e- filing portal of income tax, wherein the functionality “My Account” has been …
Today Update : DIRECT TAX:- Bombay High court held that an unintentional error on the part of the assessee while filing an appeal, more so when the department also acted ignoring the error, would not result in rejecting the assessee’s appeal being time-barred. Therefore, in the present case, the mistake of the assessee to file …