Now form GST PMT-09 is available on the Common Portal, which enables a registered person to transfer any amount of tax, interest, penalty, fee, etc. available in electronic cash ledger, to the appropriate tax or cess head.
A charge is stated in Section 2 (16) of the Companies Act, 2013 . There are mainly two classes that charges on a corporation fall into that is Fixed and floating charges
This is the first month of the current financial year.Know how you can plan your Finances this Financial Year.
The Finance Act 2020 has made various amendments to the TDS Provisions. TDS Section 194O has been introduced in the Income Tax Act through Finance Act 2020.
In the wake of pandemonium caused by spread of the COVID-19 virus, several representations have been received from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December, 2019 due to COVID-19 has been extended to 30th September
The outbreak of COVID-19 is a very challenging time for the whole country. The best way to combat the widespread of the deadly coronavirus is to stay at home. All of us took to work from home in the past few days. Well, one thing that we all need to understand is that we should make the best of this time.
Section 143AA of the Customs Act, 1962' wherein relaxation was given to accept an undertaking in lieu of a bond required during customs clearance upto 30.04.2020, subject to conditions as underlined in the circular.
There is more emphasis on professional ethics by our ICAI to regulate the profession of the chartered accountancy. We all are well aware and masters of the professional ethics during our study while becoming the CA. as well as after becoming CA into the profession. As per our ICAI guidelines, some ethics are mandatory and others are re-commendatory.
The MCA has given relaxation to the companies whose financial year is ending on 31st December 2020. The MCA has allowed that AGM can be held till the 30th of September 2020.
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.
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