Articles by sivadas chettoor

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No deduction if return not filed

  sivadas chettoor    25 October 2019 at 11:04

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.

Posted in Income Tax  4 comments |   51501 Views

March towards cash less economy

  sivadas chettoor    05 October 2019 at 12:36

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.

Posted in Income Tax  4 comments |   9090 Views

Provisions relating to accounts under CGST Act 2017

  sivadas chettoor    09 June 2017 at 11:17

INTRODUCTION: The need to keep and maintain proper and correct accounts is of fundamental importance in taxat

Posted in GST  2 comments |   15045 Views

Actionable Claims under GST

  sivadas chettoor    17 April 2017 at 11:27

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 ..

Posted in GST  4 comments |   54936 Views

Law relating to legal tender and demonetisation

  sivadas chettoor    23 November 2016 at 12:49

An article on demonetisation and legal tender

Posted in Income Tax  12 comments |   27757 Views

Co-operative societies and TDS on interest

  sivadas chettoor    01 August 2015 at 13:37

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

Posted in Income Tax |   85156 Views

Search and seizure under ST law

  sivadas chettoor    05 March 2015 at 10:10

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

Posted in Service Tax |   11526 Views

Taxation of heriditary LIC insurance commission

  sivadas chettoor    10 February 2015 at 10:56

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

Posted in Income Tax  1 comments |   30219 Views

Power to dismiss appeal for default

  sivadas chettoor    29 December 2014 at 17:57

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

Posted in VAT |   9766 Views

Power to call for general information u/s 133(6)

  sivadas chettoor    09 December 2013 at 11:36

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

Posted in Income Tax  4 comments |   184801 Views