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विवाद से विश्वास स्कीम 2020

विवाद से विश्वास स्कीम 2020 कुछ महत्वपूर्ण बातें 1.विवाद से विश्वास स्कीम में निम्न विवादित केसेज में लाभ लिया जा सकता है commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts, the Supreme Court and those in international arbitration. 2.विवाद…
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Vivad se Vishwas Scheme 2020

ITAT INDORE on 5th Feb, 2020 held that when the penalty notice issued by the ‎assessing officer did not specify Which limb of section of the Act, the penalty ‎proceedings had been initiated i.e., Whether for concealment of particulars of ‎income or furnishing of inaccurate particulars of income or to say the matter ‎written in the body of the notice issued under section 274 of the Act does not refer ‎to the charges of provision of section 271AAB of the Act makes the alleged notice ‎defective and invalid and thus deserves to be quashed

ITAT INDORE on 5th Feb, 2020 held that when the penalty notice issued by the assessing officer did not specify Which limb of section of the Act, the penalty proceedings had been initiated i.e., Whether for concealment of particulars of…
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271AAB, Indore Tribunal

सुप्रीम कोर्ट ऑफ इंडिया ने धारा 12AA पर फैसला देते हुए कहा कि कमिश्नर या चीफ कमिश्नर धारा 12AA में रजिस्ट्रेशन करने का ट्रस्ट या इंस्टिट्यूशन को इस आधार पर मना नहीं कर सकते कि अभी कोई चैरिटेबल एक्टिविटीज नहीं हुई है क्योंकि यह धारा रजिस्ट्रेशन के समय यह देखने के लिए है कि उद्देश्य चैरिटेबल है या नहीं।

सुप्रीम कोर्ट ऑफ इंडिया ने धारा 12AA पर फैसला देते हुए कहा कि कमिश्नर या चीफ कमिश्नर धारा 12AA में रजिस्ट्रेशन करने का ट्रस्ट या इंस्टिट्यूशन को इस आधार पर मना नहीं कर सकते कि अभी कोई चैरिटेबल एक्टिविटीज नहीं…
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12AA, 12AA, Registration 12AA, Supreme Court

February 29, 2020

benefit of exemption under entry No 77 of Notification No 12/2017 CT(R) dated 28.06.2017 (as amended by Notification No 02/2018 dt 25.01.2018), was available to assessee only if maintenance charges (contributions) did not exceed Rs 7500 per month per member and in case charges exceed Rs 7500 per month per member, entire amount was Taxable

M/S. VAISHNAVI SPLENDOUR HOMEOWNERS WELFARE ASSOCIATION APPELLATE AUTHORITY FOR ADVANCE RULING D.P. NAGENDRA KUMAR, MEMBER , M.S. SRIKAR, MEMBER Order No. KAR/AAAR-10/2019-20 Jan 21, 2020 2(17), 2(31), 2(84), 2(102), 7, 8, 9, 17(2), 98, 100 & 101 of Central Goods…
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February 26, 2020

An association collecting annual contributions from its members ensuring maintenance and upkeep of residential complex, in name of corpus funds for future contingencies is liable to pay CGST and SGST as their activities amount to taxable supply of service

M/S. VAISHNAVI SPLENDOUR HOMEOWNERS WELFARE ASSOCIATION APPELLATE AUTHORITY FOR ADVANCE RULING D.P. NAGENDRA KUMAR, MEMBER , M.S. SRIKAR, MEMBER Order No. KAR/AAAR-10/2019-20 Jan 21, 2020 2(17), 2(31), 2(84), 2(102), 7, 8, 9, 17(2), 98, 100 & 101 of Central Goods…
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7, Central Goods & Service Tax Act 2017, GST, Principal of mutuality

February 26, 2020

Formalities to be completed for 80G approval

Process of Obtaining 80G Registration Registration under this section will be processed by the Commissioner of Income Tax after receiving an application from the applicant in Form 10G. The application should be accompanied by the following documents: Form 10G Original…
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Articles, formalities to be completed, HOW TO, Income Tax-How to, Office system, Papers required for filing

February 7, 2020

जिस का टर्नओवर 50 करोड़ से ज्यादा है उन्हें डिजिटल पेमेंट सिस्टम इंस्टॉल करना पड़ेगा तथा वह सिस्टम चालू हो जाए इसकी व्यवस्था करनी पड़ेगी अगर 31 जनवरी 2020 तक यह व्यवस्था नहीं होती है तो धारा 271DB प्रोविजन के आधार पर ₹5000 रोज की पेनल्टी लगाई जा सकती है

जिस का टर्नओवर 50 करोड़ से ज्यादा है उन्हें डिजिटल पेमेंट सिस्टम इंस्टॉल करना पड़ेगा तथा वह सिस्टम चालू हो जाए इसकी व्यवस्था करनी पड़ेगी अगर 31 जनवरी 2020 तक यह व्यवस्था नहीं होती है तो धारा 271DB प्रोविजन के…
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January 29, 2020

दो या दो से ज्यादा रजिस्ट्री से मकान के लिए खरीदे गए दो बंगलों पर धारा 54f में छूट मिल जाएगी अगर दोनों पास पास है कारण कि बंगले different graphical area में नहीं है। हैदराबाद ट्रिब्यूनल ने 6Jan, 2020 को फैसला देते हुए कहा कि मकान बनाने के लिए जरूरी नहीं की एक ही रजिस्ट्री से खरीदा जाए।

दो या दो से ज्यादा रजिस्ट्री से मकान के लिए खरीदे गए दो बंगलों पर धारा 54f में छूट मिल जाएगी अगर दोनों पास पास है कारण कि बंगले different graphical area में नहीं है। हैदराबाद ट्रिब्यूनल ने 6Jan, 2020…
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54, 54F, Hyderabad ITAT

January 10, 2020

The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment.

The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment. Further Issues of bogus share capital and share premium requires to be disposed in the…
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46A Rule, 68, bogus, bogus share capital, Bogus share premium, Delhi Tribunal, share premium

December 4, 2019

As per the insertion of the “Explanation” to sub-section (2) of section 11, if a trust donates its entire income for a year to another charitable trust, it would still be entitled to exemption under section 11(1)(a).

As per the insertion of the “Explanation” to sub-section (2) of section 11, if a trust donates its entire income for a year to another charitable trust, it would still be entitled to exemption under section 11(1)(a). IN THE…
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11(1)(a), 11(2), Delhi High Court

December 4, 2019