Daily Archives: May 10, 2019

IRS Revenue Ruling 2019-13

By | May 10, 2019

RR-2019-13: Guidance on the application of subchapters C and S of chapter 1 of subtitle A of the Internal Revenue Code Revenue Ruling 2019-13 provides guidance on the application of subchapters C and S of chapter 1 of subtitle A of the Internal Revenue Code (Code) to cash distributions made in redemption of the stock of C corporations formerly classified… Read More »

How GST officer will do Assessment of Unregistered Persons on GST Portal u/s 63

By | May 10, 2019

Taking Actions during Assessment Proceedings u/s 63 against Unregistered Persons FAQS 1. Who all fall under “Unregistered Persons” category? Following persons will fall under “Unregistered Persons” category: 1. Taxpayers who are not registered under the GST and have not applied for registration under GST Act, but are liable to get registered as per the provisions… Read More »

GSTR 3B filing allowed without payment of GST by HC

By | May 10, 2019

Gujarat High Court Octagon Communications Pvt Ltd Vs Union of India Special Civil Application No. 5873 of 2019 Date of Judgement: 18/04/2019 1. Despite service of notice, there is no appearance on behalf of the respondents No.2 and 3. 2. Uchit Sheth, learned advocate for the petitioner has submitted that there is no condition for… Read More »

Notice issued in name of dead person isn’t binding on legal representative : ITAT

By | May 10, 2019

The issue of a notice under Section 148 of the Act is a foundation for reopening of assessment. The sine qua non for acquiring jurisdiction to reopen an assessment is that such notice should be issued in the name of the correct person. This requirement of issuing notice to a correct person and not to… Read More »

IRS : Small businesses can benefit from deducting vehicle costs on their taxes

By | May 10, 2019

Small businesses can benefit from deducting vehicle costs on their taxes Businesses that use a car or other vehicle may be able to deduct the expense of operating that vehicle on their taxes. Businesses generally can use one of the two methods to figure their deductible vehicle expenses: Standard mileage rate Actual car expenses For… Read More »

GSTR 9 Offline Utility for GST Annual Return filing

By | May 10, 2019

GSTR 9 Offline Utility से GST Annual Return ऐसे फाइल करें GSTR 9 Offline Utility to file GST Annual Return Related post GSTR-9 Offline Tool : Download Example of unreconciled differences to be reported in GSTR 9C (Sl. No.8 ) GSTR 9C Reconciliation Statement Filing on GST Portal by GSTN : GST Audit How to… Read More »

Taxmann Indian Accounting Standards (Ind AS) (May 2019 Edition) Book

By | May 10, 2019

Taxmann Indian Accounting Standards (Ind AS) (May 2019 Edition) As Amended by Companies (Indian Accounting Standards)Second Amendment Rules 2019 Price Rs 1350 Click here to buy online Edition : 2019 Edition Date of Publication : May 2019 Binding : Paperback No. Of Pages : 1028 Weight (Kgs) : 1.09 Other New Books Click here

ICSI issuesd 4 Auditing Standards mandatory from 1st April, 2020

By | May 10, 2019

ICSI issues four Auditing Standards which are mandatory from 1st April, 2020 ICSI issues four Auditing Standards on Audit Engagement; Audit Process and Documentation; Forming of Opinion and Secretarial Audit The Council of the Institute of Company Secretaries of India (ICSI) has approved the issuance of four ICSI Auditing Standards and the same were released… Read More »