Daily Archives: February 14, 2019

Link PAN with Aadhaar by 31.03.2019 : CBDT

By | February 14, 2019

Aadhaar-PAN linking is mandatory now which has to be completed till 31.3.2019 by the PAN holders requiring filing of Income Tax Return. Constitutional validity of Aadhaar has been upheld by the Hon’ble Supreme Court of India in September 2018. Consequently, in terms of Section 139AA of Income Tax Act., 1961 and order dated 30.6.2018 of the Central Board of… Read More »

No GST Advance Ruling for Past period activity : AAR

By | February 14, 2019

Whether I can now be converted into regular GST dealer w.e.f. 25.11.2017? If yes, then whether I can avail credit of stock in hand as on 25.11.2017? If I can’t converted into regular GST dealer w.e.f. 25.11.2017 then in that case what will be situation to me. Whether my assessment will be as per return… Read More »

Release of attached bank accounts due to good track record of tax payment of assessee : HC

By | February 14, 2019

  HIGH COURT OF GUJARAT Mono Steel India Ltd. v. State of Gujarat HARSHA DEVANI AND DR. A.P. THAKER, JJ. R/SPECIAL CIVIL APPLICATION NO. 618 OF 2019 JANUARY  17, 2019  Amal Paresh Dave and Paresh M. Dave for the Appellant. JUDGEMENT   Harsha Devani, J. – Mr. Paresh Dave, learned advocate for the petitioner has submitted that for recovery of a… Read More »

HUF Property can not be taxed in individual coparcener name : ITAT

By | February 14, 2019

Held Hindu Undivided Family is not a legal entity under the common law. Therefore, it cannot hold any property / title over the immovable property. Hence, the registered sale deed for purchase of the property in question has to be in the individual name of the coparcener. In this case on our hand, the assessee… Read More »

Common GST Errors – Part 2

By | February 14, 2019

Common GST Errors – Part 2 जीएसटी की आम गलतियां – भाग 2 (Errors relating to Taxability) In case of an item of supply that was exempt before GST Act  but taxable under GST regime, the assesse might continue to treat the same as exempt resulting in erroneous exemption. If goods/ service are absolutely exempt,… Read More »

The Banning of Unregulated Deposit Schemes Bill 2018 : Download

By | February 14, 2019

The Banning of Unregulated Deposit Schemes Bill 2018 : Donload Download The Banning of Unregulated Deposit Schemes Bill, 2018 As Passed in Lok Sabha on 13.02.2019 Click here Download The Banning of Unregulated Deposit Schemes Bill, 2018 As introduced in Lok Sabha on 18.07.2017 Click here Related Post Banning of Unregulated Deposits : All you wants to Know !