Income tax return (ITR) filling time has begun for financial Year 2018-19. All forms are open and utilities are available for individual, HUF and firm for which due date for filing ITR is 31.07.2019 make appointment CA in Gurgaon. Don’t wait till the due date and keep your all documents ready and handy. It will […]
How to Revocation of Cancelled GST Registration. – CA in Gurgaon
As per section 2(42) of Companies act 2013 “foreign company” means any company or body corporate incorporated outside India which- (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) conducts any business activity in India in any other manner. A Foreign company[…..]
Working capital play vital role in business as it covers company’s short term expenses, including inventory, short-term debts and operating expenses. What happens when all of a sudden it gets increased. Recently GST law changed the pattern of utilization of Input tax credit which may increase your working capital requirement in future though you have[…..]
Central Board of Direct tax (CBDT) has issued Standard Operating Procedure (SOP) for hading of cases related to cash deposit during the demonetisation period. Income tax official issued around 3 lakh notices under section 142(1) for filing of Income tax return of which around 87000 assessee has not complied the notices. SOP has clearly spelled[…..]
Section 68 of Income tax act attract when Investor invest in your company. This section describes that when company issues its share then it has to prove Credit-worthiness of Investors and genuineness of transactions. In a recent case a company issued its shares for Rs.17.60 crore to the investors companies. Income tax official questioned the[…..]
YouTube is a platform where YouTubers uploads the videos and earns revenue when their video gets minimum viewers. Revenue depends upon the agreement signed with YouTube. Today YouTubers are earning in crores. They works as a freelancer and receives money in their saving bank accounts without taking GST registration. They don’t even think of[…..]
Every supplier shall be liable to be registered under the Act but government has given exemption to small suppliers to get them register under the GST act after crossing the threshold limit. (1) Section 22 mandatorily provides the following conditions where you have to take GST registration if his aggregate turnover in a financial year[…..]
The economies that rank highest in the ease of doing business are those that have consistently well designed business regulation and Singapore is amongst the top 3 countries as per the report of Worldbank. Several Indian startups, although operating in India, have registered holding companies in Singapore to benefit from increased funding opportunities, business and[…..]
GST is applicable on the transaction made for consideration. In many cases transactions become taxable even consideration is absent, which includes transaction made between ‘Related person’ Under the GST Employees and Employers are related person accordingly service given by employee to employer is taxable under the GST. However Schedule III of CGST act provides that[…..]