Work Contract of Nuclear Fuel Complex will attract GST rate of 18% and ( not 12%) as NFC is engaged in manufacture of fuel which will be used for production of electricity . Thus activity of production and generation of electricity will be a commercial activity. Rajashtan AAR TATA Projects Pvt Ltd RAJ/AAR/2018-19/42 dated 29.03.2019… Read More »
Ombudsman Scheme for Non-Banking Financial Companies, 2018 Ref. CEPD. PRS. No.4535/13.01.004/2018-19 April 26, 2019 The Reserve Bank of India (RBI) had vide Notification Ref.CEPD.PRS.No.3590/13.01.004/2017-18 dated February 23, 2018, implemented the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs) as defined in Section 45-I(f) of the Reserve Bank of India Act, 1934 and registered with the RBI under… Read More »
Guidance Note on Related Party Transactions Download Click here Related Party Transactions, Download ICSI guidance Note on Related Party Transactions, What is Related Party Transactions,
i. The royalty paid by M/s NMDC in respect of mining lease is classifiable under sub heading 997337 ; ‘Licensing services for the right to use minerals including its exploration and evaluation’ (covered under entry no. 17 of Notification No. 11/2017 (Rate), dated 28.06.2017, attracting GST at the same rate as applicable for the supply… Read More »
Facts of the Case : The company is incorporated to provide back office support services to overseas companies (hereinafter referred to as ‘Clients’). services being offered by Appellant is a package of services, which is nothing but a composite supply, of which the principal supply is that of intermediary services. Appellant have misconstrued the definition… Read More »
Held A.O. shall furnish reasons for re-opening of assessment of income for the said assessment years so as to enable the petitioner to file objections and after hearing the petitioner, to pass speaking orders then to proceed with the assessment and to pass appropriate orders as shall be warranted HIGH COURT OF MEGHALAYA North Eastern… Read More »
Master Guide To Income tax Rules 26th Edition 2019 Taxmann A Rule-wise commentary on Income-tax Rules Description of Master Guide To Income tax Rules Also Incorporating Comprehensive Commentary on Determination of Disallowance under section 14A TDS Rules Valuation of Perquisites Transfer Pricing Provisions Depreciation Provisions Valuation of Gifts Taxation of Start-ups Rs 1775 Buy online… Read More »
Income Tax Rules (Set of 2 Volumes) (56th Editon 2019) – 2019 Income Tax Rules (56th Edition 2019 is by Taxmann Description of Book Income Tax Rules (56th Edition 2019 Volume 1 Income-tax Rules Comprehensive Action Points for Filing Forms Income Computation & Disclosure Standards Commodities Transaction Tax Rules Securities Transaction Tax Rules Equalisation Levy… Read More »
Q.1. What is E-form ACTIVE? ACTIVE stands for Active Company Tagging Identities and Verification. The Ministry of Corporate Affairs has introduced the same for address validation of Active companies. Q.2. What is the applicability of the form? The form is applicable to every company incorporated on or before the 31st December, 2017. Such companies shall file the… Read More »
Extension of due date to 15th June, 2019 for filing E-Form ACTIVE (Active Company Tagging Identities and Verification) by any company incorporated on or before the 31.12.17 The Ministry of Corporate Affairs has issued Companies (Incorporation) Fourth Amendment Rules, 2019 and Companies (Registration offices and Fees) Second Amendment Rules, 2019 which shall come into force from 25.04.19 wherein the due… Read More »