Articles by sivadas chettoor
View Full Profile
No deduction if return not filed
There may be some hope for relief from the courts based on the 1955 circular of CBDT and the decision of the Supreme court in Goetze case but it appears to be very risky. Therefore the author would advise all the entities to file the return immediately before 31-10-2019 without going for risky adventurous legal battle.
March towards cash less economy
Cash has always been a facilitator of black money since transactions made in cash do not leave any audit trail. It is easy to hide the identity of the payer and receiver of cash making it difficult to trace the transaction and realise tax or other revenue legitimately due to the government.
Provisions relating to accounts under CGST Act 2017
INTRODUCTION: The need to keep and maintain proper and correct accounts is of fundamental importance in taxat
Actionable Claims under GST
GST law deines goods to include actionable claims and hence there will be a tax liability on such items from the date GST comes into force. Hitherto it was not ...
Law relating to legal tender and demonetisation
An article on demonetisation and legal tender
Co-operative societies and TDS on interest
INTRODUCTION: This brief article seeks to discuss about the liability of cooperative societies to deduct income tax (Tax Deduction at Source or TDS) at the time
Search and seizure under ST law
INTRODUCTION:The Central Excise authorities who are entrusted with the task of implementation of the service tax law enjoy wide and sweeping powers in respect of search and se
Taxation of heriditary LIC insurance commission
TAXATION OF HERIDITARY LIC INSURANCE COMMISSION- A STUDYSIVADAS CHETTOOR BCOM FCA LLMINTRODUCTION:- The brief study in this article relates to some legal and taxation issues connected with the receipt of hereditary commission by nominee or legal heir
Power to dismiss appeal for default
1. INTRODUCTION: This article deals with the power of the Appellate Tribunal constituted u/s 4 of the Kerala Value Added Tax Act 2003 ( for short the Act) to dismiss an appeal for default without deciding
Power to call for general information u/s 133(6)
POWER TO CALL FOR GENERAL INFORMATION U/S 133(6) OF THE INCOME TAX ACT 1961- A STUDY INTRODUCTION:The Hon Supreme Court of India, in August 2013, pronounced its judgment in Kathiroor Service Cooperative Bank Ltd & Others V Commissioner of
sss
CAclubindia
