Category Archives: News Desk on Income Tax, GST & Corporate Laws

Happy Father’s Day 2021-Investment ideas to secure the financial future of your father

This can be the time for creating a whole new world of memories that our father would treasure – literally and figuratively – – with financial instruments such as Senior Citizen FDs, mutual fund investment plans, insurance policies. Here are some sound gifting options to further secure your father’s future in the second innings MutualContinue reading “Happy Father’s Day 2021-Investment ideas to secure the financial future of your father”

Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland, Information sought from Swiss Authorities to verify increase/decrease of deposits

Ministry of Finance issued Press release today (19th June 2021) says that : Certain reports have appeared in the media on 18.06.2021 stating that funds of Indians in Swiss Banks have risen to over Rs 20,700 crore (CHF 2.55 billion) at the end of 2020 from Rs 6,625 crore (CHF 899 million) at the end ofContinue reading “Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland, Information sought from Swiss Authorities to verify increase/decrease of deposits”

Registration of documents under the Registration Act, 1908

What do you mean by registration of documents? Registration is recording the matters of a document with an authorized or recognized officer (Registering officer) and preserving the copies of the original document. One needs to register the legal documents so as to prevent any property dispute, fraud, conserve the evidence, be assured of the titleContinue reading “Registration of documents under the Registration Act, 1908”

New functionalities on GST Portal-11 June 2021

Dear Sir, Please find below *YouTube video Link on *New functionalities on GST Portal-11 June 2021*https://www.youtube.com/watch?v=I6rTi0Zsc5c 1.Ledgers: Negative liability statement made available to composition taxpayers 2. Returns: Download of Form GSTR-4A in excel and auto-population of its details in Form GSTR-4 of the composition taxpayer 3. Front: Office Inclusion of common names in the HSNContinue reading “New functionalities on GST Portal-11 June 2021”

43rd GST Council Meeting recommedations -28th May 2021

Dear Sir, Please find below YouTube link of latest amendments in GST: 43rd GST Council Meeting recommedations -28th May 2021 GST Amnesty Scheme (July 2017 to April 2021-GSTR 3B Return)https://youtu.be/NQ_XeOv_uXU Late fees Rationalisation for April 2021 onwards periodhttps://youtu.be/NZMZhi5mG2k Simplification of Annual Return for FY 2020-21 https://youtu.be/L21Over9X3w Covid related measures for taxpayers https://youtu.be/Mb7Ae2LMm1E RegardsBipul Kumar

Fair Market Value calculation for Section 50B (Slump Sale) of Income Tax Act, 1961 – Updated by Notification No. 68/2021 -24th May, 2021

Dear Sir, Please find below YouTube link of Fair Market Value calculation for Section 50B (Slump Sale) of Income Tax Act, 1961 – Updated by Notification No. 68/2021 -24th May, 2021 Topic cover ✅ What is Slump sale? Computation of Capital Gain ✅ Amended provisions of Section 50B by FA 2021 (Comparison with old sectionContinue reading “Fair Market Value calculation for Section 50B (Slump Sale) of Income Tax Act, 1961 – Updated by Notification No. 68/2021 -24th May, 2021”

Latest updates & video series on Company Law, Income Tax, GST & Financial awareness-April 2021

Dear Friends, Please find below link of latest updates & video series on Company Law, Income Tax, GST & Financial awareness 🎯 Company Law MCA defers Audit Trail Provisions by 1 year w.e.f. 01st April 2022 https://youtu.be/tSUMiQh9oNA Presentation of Financial Statements w.e.f. 01st April 2021 (After incorporating Schedule III of Companies Act 2013 amendments )https://www.youtube.com/watch?v=kExSlqi14osContinue reading “Latest updates & video series on Company Law, Income Tax, GST & Financial awareness-April 2021”