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Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government would count towards a company’s CSR obligations.

August 27, 2020 CA Rekha K MittalLeave a Comment

G.S.R. 525(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of […]

Verify the exemptions status under Income Tax for making donations

August 25, 2020 CA Rekha K MittalLeave a Comment

Income Tax Department has provided the facility of verifying the registration status of any Society, Trust or company (NGOs) under […]

Invoice under GST

August 24, 2020August 24, 2020 CA Rekha K MittalLeave a Comment

There is no format prescribed for an invoice, however, Invoice rules makes it mandatory for an invoice to have following […]

If Demand Notice is not served refunds cannot be adjusted

August 24, 2020August 24, 2020 CA Rekha K MittalLeave a Comment

When Department cannot provide evidence of service of demand notice cannot adjust refunds againt the demand outstanding or when demand […]

Change in Tariff Value of Certain Items under Customs

August 24, 2020 CA Rekha K MittalLeave a Comment

Notification No. 70/2020-CUSTOMS (N.T.)

Income Tax Department will capture the following data for Processing of Income Tax Returns

August 23, 2020August 24, 2020 Karunesh MittalLeave a Comment

*Now, Income Tax Department will capture the following data for Processing of Income Tax Returns and issuing Scrutiny Notices:* 👉 […]

Whether exchange of shares in amalgamation is a transfer under Income Tax?

August 22, 2020 Karunesh MittalLeave a Comment

THE COMMISSIONER OF INCOME TAX-V, NEW DELHI V M/S NALWA INVESTMENT LTD. ITA 822/2005 Del Nalwa Investment Limited belongs to […]

GST Audit & Annual ITC Reconciliation will become Easier

August 22, 2020 CA Rekha K MittalLeave a Comment

Downloading document-wise details of Table 8A of Form GSTR-9 17/08/2020 A facility has been provided to the taxpayers to download […]

Adhaar Authentication in GST Registration & Change in time lines for grant of Registration

August 22, 2020August 22, 2020 CA Rekha K MittalLeave a Comment

Provision for Aadhar Authentication in GST Registration 21/08/2020 Aadhaar Authenticatiobn process has been introduced, for the persons applying for GST […]

Congratulations to officers are promoted to the grade of Principal Chief Commissioner of Income Tax (Pr. CCIT) w.e.f. 01-09-2020

August 22, 2020August 22, 2020 CA Rekha K MittalLeave a Comment

We congratulate and convey our best wishes to the following officers on being promoted to the Grade of Principal Chief […]

Assessment Under Section 147 r w s 143(3) When there are no additions on grounds on which reassessment was reopened the addition in respect of the other items, which were not part of the “ reasons to believe” cannot be made

August 22, 2020August 22, 2020 CA Rekha K MittalLeave a Comment

Decisions in Favour of the assessee – Prepared By CA Rekha K Mittal & CA Karunesh Mittal : Citation [2017] […]

Amendment of rules for Pension Funds u/s 10(23FE)

August 22, 2020August 22, 2020 CA Rekha K MittalLeave a Comment

Amendment of Income-tax Rules, 1962 rules for providing conditions and guidelines for Pension Funds u/s 10(23FE) of the Income-tax Act, […]