Category: Miscellaneous

The Govt. has clarified that it is not considering proposal to merge the Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs as published in a leading newspaper. The news was published without due verification of facts from the competent authorities of Ministry of Finance. Ministry of finance 06 JUL 2020 4:34PM by PIB Delhi

5S Method explains *how a work space should be organized* for *efficiency* and *effectiveness* by *identifying and storing* the items used, *maintaining the area and items*, and *sustaining the new order*.

*Sort (Seiri)*

• Make work easier by eliminating obstacles and evaluate necessary items with regard to cost or other factors.
• Reduce chances of being disturbed with unnecessary items.
• Prevent accumulation of unnecessary items.

• Set In Order (Seiton)

• Arrange all necessary items into their most efficient and accessible arrangements so that they can be easily selected for use and make workflow smooth and easy.
• Ensure first-in-first-out FIFO basis, so that it is easy to find and pick up necessary items.
• Place components according to their uses, with the frequently used components being neared to the work.

• Shine (Seiso)

• Clean your workplace on daily basis completely or set cleaning frequency.
• Keep workplace safe, easy to work, clean and pleasing to work in.
• In an unfamiliar environment, people must be able to detect any problems within 50 feet.

• Standardize (Seiketsu)

• Standardize the best practices in the work area.
• Maintain high standards, orderliness, everything in order and according to its standard.
•  Every process has a standard.

• Sustain (Shitsuke)

• Not harmful to anyone, training and discipline, to maintain proper order.
• Also translates as “do without being told”.
• Training is goal-oriented process. Its resulting feedback is necessary monthly.

Professionals firm (CA/CS/CMA Firms, Law Firms, Architects etc.) having huge amounts of paperwork and this not only makes processes slower but also allows errors to be introduced.  5S is a method of both cleaning out of working area and maintaining the cleanliness to improve process quality.

*Today thoughts*
*We’re born alone, we live alone, we die alone. Only through our love and friendship can we create the illusion for the moment that we’re not alone.*

*YouTube Updates*
*News update* https://youtu.be/qhiOeb1NY9U
Latest video on *DTAA* https://youtu.be/ydEAPrngBQA
1.Corporate Laws
Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.(General Circular No. 23/2020 Dated: 17th June, 2020)

2. Income Tax
(i) Reassessment notice can’t be issued if proceeding with respect to notice issued u/s 142 is pending. Sections 142(1) and 148 cannot operate simultaneously; if notice has already been issued under section 142 and proceedings are pending, income cannot be said to have escaped assessment [2020] 116 taxmann.com 995 (Gujarat) HC  
(ii) Tiger Global AAR’s ruling-the Hon’ble AAR has rejected the applications made by Tiger Global International (“TGI”) entities in relation to taxability of capital gains earned by it from sale of shares in Flipkart in India. The AAR relied upon the facts of the case to suggest that the transaction is prima facie designed to avoid tax and thus, rejected application filed by the Applicants. In this regard, it is relevant to note that Section 245R(2) of the Income tax Act provides for three reasons on which application made to AAR can be rejected which are as follows:-a. The matter already pending with income tax authority or tribunalb. The matter involves determination of FMVc. The matter relates to transaction or issue which is designed prima facie for avoidance of tax. Since, the third condition was satisfied, the AAR rejected the application. 
(iii) HC remanded matter to give opportunity to assessee to submit particulars related to claim of condonation of delayWhere assessee claimed condonation of delay in filing return on account of serious cancer ailments that had affected his infant daughter, however, his application for condonation of delay was rejected on ground that he had not placed material particulars regarding his pressing compulsions to give more devoted attention to treatment of his daughter, matter was to be remanded back for consideration afresh giving one more opportunity to assessee to produce all material particulars relating to treatment of child [2020] 116 taxmann.com 997 (Kerala)
3. GST 
GST on Director’s remuneration
 CBIC clarifies on  Leviability of GST on remuneration paid by companies to the independent directors or  those directors who are not the employee of the said company  and Leviability of GST on remuneration paid by companies to the directors, who are also an  employee of the said company Vide Circular No: 140/10/2020 – GST Dated 10th June, 2020.

Thank You !
Regards,
Bipul Kumar

1. Corporate Laws  

(i) MCA allows companies to conduct their EGMs via. e-mode up to Sep 30, 2020

The Ministry of Corporate Affairs (MCA) is fully cognizant of the difficulties faced by companies on account of the ongoing nation-wide lockdown and social distancing due to COVID 19. The Ministry has also taken note of various representations received from industry associations and corporates on the need to facilitate companies in taking certain emergent/ urgent measures in the face of extreme disruptions and dislocation caused by the pandemic.

MCA vide General Circular No. 22/2020 Dated:  15.06.2020 has been decided to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot in accordance with the framework provided in the aforesaid Circulars upto 30th September, 2020. All other requirements provided in the said Circulars remain unchanged.

(ii) MCA allows companies to hold Annual General Meetings (AGMs) through VC or OAVM

The Ministry of Corporate Affairs (MCA) vide its General Circular No. 18/2020, dated 21.04.2020 has already allowed the companies whose financial year ended on 31st December, 2019, to hold their AGM by 30th September, 2020.

However on account of need for continuous adherence to the social distancing norms and restrictions placed on movement of persons, it has become necessary and hence it has been decided to allow companies to hold their annual general meeting (AGM) by Video Conferencing (VC) or other audio visual means (OAVM) during the calendar year 2020. Accordingly, the General Circular No: 20/2020 has been issued on 05 May 2020.

The framework provided in the earlier Circulars for holding of extraordinary general meeting (EGM) would be applicable mutatis mutandis for conduct of AGMs during 2020, based on the classification of companies which are required to: (i) provide the facility of e-voting or have opted for the same, and (ii) those companies which are not required to provide such a facility.

Owing to the difficulties in sending physical copies of the financial statements, the Circular allows the companies to send the financial statements, along with Board’s reports, Auditor’s reports and other documents required to be attached therewith, only through email. The companies are also required to provide a window to the shareholders for registering their mandate for transferring dividends electronically to them through the Electronic Clearing Service (ECS) or any other means.

The measure has been taken to facilitate Companies to conduct their ordinary & special business through AGMs conducted by leveraging the Digital India platforms.

MCA General Circular No. 20/2020 dated 05 May 2020

2.Income tax

• CBDT notifies Income Tax Cost Inflation Index for Financial Year 2020-21 or Assessment Year 2021-22 vide  Notification No. 32/2020-Income Tax dated 12th June 2020 at 301. Cost Inflation Index helps taxpayer calculation his Long Term Capital Gain on sale of Long Term Capital Assets.

• CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20. (Notification No. 31/2020-Income Tax dated 29^th May 2020

• CBDT notifies new Form 26AS [Annual Information Statement]

CBDT notifies new Form 26AS [Annual Information Statement] pursuant to Finance Act, 2020 and amendment, inserts new Rule 114-I to be effective from June 1st and omits Rule 31AB.

Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act to implement revised Form 26AS . In that effect CBDT has notified new FORM 26AS [Annual Information Statement] via Notification No. 30/2020 dated 28th May 2020, Rule 31AB has been omitted and Rule 114-I has been inserted after Rule 114H to share annual financial information in respect of each taxpayer not only of taxes paid by of TDS/TCS or otherwise.

This form will also have mobile no, email I’d and Aadhar no. of the taxpayer.

Information on this form 26AS will not be a onetime affair at year end. This will be a live 26AS , as this will be updated regularly within 3 months from the end of the month in which such information is received.

The revised 26AS Form is more comprehensive and informative and will be a complete profile of the taxpayer for a particular year

The implication of this new form 26AS will be that banks, financial institutions or any other authority or customer , buyer etc. while carrying out due diligence of the person/corporate ,concerned will now ask for form 26AS so as to be sure that there are not any major issues about such person/ corporates.

As a result of introduction of New 26AS now it will be difficult for any taxpayer to hide information from any bank / financial institution/ authority about any proceedings against under any law or tax demand , tax disputes etc .

Notification No. 30/2020–dated 28 May 2020

3.GST   

• Recommendations of GST council related to Law & Procedure

a. Reduction in Late Fee for past Returns:

b. Further relief for small taxpayers for late filing of returns for February, March & April 2020 Tax periods:

c. Relief for small taxpayers for subsequent tax periods (May, June & July 2020):

d. One time extension in period for seeking revocation of cancellation of registration

Ministry of Finance, Press Release dated 12 June 2020

अनिमेष अमिताभ सिद्धार्थ
तथागत गौतम बुद्ध की
तपोभूमि बुद्धत्व प्रदायिनी
विश्व-विमोहिनी नगरी बोधगया…
बहुआयामी बौद्ध आस्था का सर्वोच्च शिखर…
मुमुक्षा तितिक्षा चिर प्रतीक्षा का पाथेय सम्हाले…
बौद्ध भिक्षुओं का चिर अभीप्सित
बोधिसत्व का अन्वेषक
बोधीवृक्ष का संरक्षक
बोधीवृक्ष से समृद्ध महिमामंडित….
लिप्सा की लपटों से स़ंतप्त हो उठे
काल के भाल पर सुशोभित …
मध्यम मार्गदर्शन के मर्म-मंथन में निरत…
समशीतोष्ण शरतचंद्र की
शीतल किरणों से जगमग …
आत्म प्रकाश का पियूष-पयोनिधी…
भारतभूमि की गरिमा का ध्वज…
भारतभूषण बोधगया….
आम्रमंजरियों से सुवासित
आम्रपाली के प्रिय आम्रवन के
अमल अर्पण का साक्षी बोधगया….
भोगी मानस मे विकसित
वैराग्य की योग-शिखा
कि
अनिकेत बुद्धदेव के अपरिग्रही जीवनदर्शन का प्रचंड प्रवाह….
कि
अनिमेष की पतित पावनी मर्मज्ञ दृष्टि से
छलक उठी
दिव्य करुणा की
तरंग….
रुप गर्विता नगरवधू का
बौद्ध भिक्षुणी बन कर रहने की उमंग….
संचय का त्याग मे
भोग भावों का
योगमय जीवन की चाह मे
अप्रत्याशित भव्य रुपांतरण…..
कामनाओं के प्रज्जवलित सघन वन में
निष्काम करुणा के
शांति जल का अभिसिंचन…
हे मोक्षभूमि हे बोधगया
अतीत के आकाश मे तुम्हारे
बिखरे हुए कौंधते हुए
ना जाने कितने कितने इन्दधनुषी रंग….
भीड़भरे वाहन-कोलाहल मे खोये खोये …
क्रय विक्रय मे मशगूल जनप्रवाह से साराबोर..
सारे के सारे
पथ हैं तुम्हारे…
और जनसंकुल से आकुल व्याकुल सभी पथों के दोनो किनारे..
दीर्घकाय और दीर्घायु प्राण वायु के परम प्रवाहक …
औषधीय आगार विविध वृक्षों की संरक्षित कतार….
धूप ताप सहते
सतत कोलाहल का गरल पीते….
धूलधूसरित भाग्य रेखा का कुचक्र निरखते हुए..
वर्षा ऋतु की बाट जोहते हुए…
शीतल छांव भरी बयार का उपहार …
पथिक वृन्द पर उड़ेलते हुए …
मर्माहत मौन मे डूबे हुए..
ना जाने कितनी जातक कथाओं का
संस्कृति के कितने कितने
लुभावने और डरावने
वृत्तांत का
बखूबी बखान हैं कर रहे…
जड़ों का सफर अंधकार की गहराई तै करता हुआ…….
अंधकूपों मे तिरोहित जीवन जल का
अनुसंधान करता हुआ
अदम्य जीजिविषा इन वृक्षों की
धरा को धन्य करती हुई …
परहित निरत जीवनवृत्त के आग्रही
ये वृक्ष महज वनस्पतियों के वंशज नहीं…
काल के गर्भ में समाहित
समग्र इतिवृत्तात्मक
दस्तावेजों के
अनमोल कोषागार हैं ये…
पर्यावरण के नहीं मात्र ये संशोधक…
धरा के धरातल पर प्रवाहित
समग्र जीवन चेतना के सौंदर्य और सजीवता के
संजवनी सम…
नैसर्गिक उपहार है ये. ..
बोधगया मे प्रस्फुटित
बुद्धत्व का
बोधीवृक्ष ही तो विश्व विख्यात आधार है…
वृक्षों का आभारी
हमसब और हमारा संसार है..

Prabha Kumari Gupta
B.Ed, M.A. Retired from Deputy Secretary, Sugarcane and Agriculture Department, Jharkhand.

सजग सबल मातृस्नेह की
सुधामयी परिभाषा हैं जो….
अबोध शिशु सम शिष्यों के हृदय की
चिर अभिलाषा हैं जो…
सरल सहज सारभूत सुषमा की
रहस्यमयी स्वामिनी हैं जो….
निखिलधाम मे मुखरित मुकुलित…
अंगीभूता दिव्य दामिनी हैं जो…
प्रवाहमयी प्रचंडा नर्मदा की
अनन्त लहरों में व्याप्त
जल-विद्युत का
अभंग तरंगित प्राण -प्रकाश हैं जो
अखंड प्रचंड रहस्यमय तप -निरत
अहर्निश आकंठ मगन मीरा की
अनुपम प्रीत का आकाश हैं जो…
निज दीक्षित संतानों के हित
पतझड़ विहीन नित नवीन
ममत्व का मधुमास हैं जो…..
ऐश्वर्य और माधुर्य के सौंदर्य की
मधुरतम सुवास हैं जो…
भुवनेश्वरी ब्रह्मांड नायिका त्रिशक्ति स्वरुपिणी..
हमारी नेहमयी गुरु मां की जन्मतिथि की
सुनहरी भोर और रुपहली रजनी
साक्षी स्वरुपिणी …
प्यारी सी गुरूमां के श्री चरणों में अर्पण..
सादर अभिनन्दन ….
शत् शत् वंदन… (Written by Prabha Gupta my spiritual mother)

Usually, the Income-tax Department notifies the ITR forms in the first week of April of the relevant assessment year. However, this year, due to the exceptional circumstances, the Dept. has notified all ITR forms in last week of May.

For the assessment year 2020-21, the Dept. has notified the ITR forms twice. In the month of January 2020, the Dept. notified two ITR forms (ITR-1 and ITR-4). Now, in the month of May 2020, all ITR Forms (ITR-1 to ITR-7) have been notified which eventually replace the two previously notified forms.

When the ITR Forms (ITR 1 and ITR 4) were notified in January 2020, Rule 12 was amended to provide that ITR-1 cannot be used by a person falling under two categories, namely, First, who owns a house property in joint-ownership and second, who has entered into specified transactions mentioned in the seventh proviso to section 139(1), that is, payment of electricity bill in excess of Rs. 1 lakh, a deposit of more than Rs. 1 crore in one or more current accounts, etc. However, a person falling under the second category is allowed to furnish a return in ITR-4.

Immediately after notifying the changes to Rule 12, the Govt. announced to withdraw the prohibition on filing of return in ITR-1 and ITR-4 by a person falling in the above referred to categories. The recent notification maintains status-quo by removing these prohibitions. Thus, a person owning a property in joint-ownership or covered under the seventh proviso can file return in ITR-1 or ITR-4 if they fulfil other conditions. Further, in the new ITR forms, a new Schedule DI has been inserted to seek details of the investment, deposit and payments made during the extended period till June 2020 for claiming deduction under Chapter VI-A or for rollover of investment in the Financial Year 2019-20 .

The new ITR forms have introduced new additional columns and schedules. These changes have been introduced to capture new, yet essential information. Some changes are consequential to the amendments made to the Income-tax Act by the recent Finance Acts.

Income Tax Changes

1. Income Tax New disclosures asked in the new ITR forms 1to7 are: 1. House ownership: Individual taxpayers who are joint owners of house property cannot file ITR 1 or ITR4.

2. Passport: One needs to disclose the Passport number if held by the taxpayer. This is to be furnished both in ITR 1-Sahaj and ITR 4-Sugam. Hopefully, it will be made mandatory in other ITR Forms as and when they are notified.

3. Cash deposit: For those filing ITR 4-Sugam, it has been made compulsory to declare the amount deposited as cash in a bank account, if such amount exceeds Rs 1 crore during the FY.

4. Foreign travel: If you have spent more than Rs 2 lakh on travelling abroad during the FY, you need to disclose the actual amount spent.

5. Electricity consumption: If your electricity bills have been more than Rs 1 lakh in aggregate during the FY, you need to disclose the actual amount.

6. Investment details:  Details of investment qualifying for deduction under chapter VIA with bifurcation of details of investment made during the period from April 1, 2020 to June 30, 2020.

7. For every assessment year, the last date for filing tax returns is July 31, However, this year ITR filing date has been extended till November 30, 2020 due to pandemic Covid-19. 

8. Income Tax Exemptions and Deductions that you can claim under the New Tax Regime for FY 2020-21 (AY 2021-22): Withdrawal by an employee from the Employees’ Provident Fund (EPF) is not taxable after 5 years of continuous service.

9. Withdrawal from National Pension Scheme (NPS) on maturity or premature closure up to 40% of the amount received on such withdrawal remains tax free for all. In case of partial withdrawal from NPS, up to 25% of the contributions made by the individual will be tax free. Employer’s contribution to NPS up to 10% of their basic salary and dearness allowance also remains tax free.

10. Under Section 10 (10D) of the Income Tax Act, the sum assured and any bonus paid on maturity or surrender of the life insurance plan is tax free. Maturity proceeds continue to be exempt under Section 10(10D) even in the new regime. The maturity amount including interest received on the Sukanya Samriddhi Yojana will not attract any tax.

11. Conveyance Allowance granted to meet expenditure incurred on conveyance in performance of duties of an office and any allowance granted to an employee to meet the cost of travel on tour or on transfer (including relocation) are tax free. Interest received from post office savings account balance up to ₹3,500 annually per individual will remain free from tax.

12. Any scholarship granted to meet education costs is tax exempt under Section 10 (16) of the Income Tax Act. Gratuity received from the employer up to ₹20 lakh after rendering 5 years of continuous service. Leave encashment received at the time of resignation or retirement up to ₹3 lakh.

13. Form 26AS will now be a complete profile of the taxpayer w.e.f. 01.06.2020, CBDT vide Notification dated May 28, 2020 amended Form 26AS in Sec 285BB w.e.f. 01.06.2020. Key takeaways are:

14. New form 26AS will also provide information in respect of “Specified financial transactions” which include transactions of purchase/ sale of goods, property, services, works contract, investment, expenditure, taking or accepting any loan or deposits of such value as may be prescribed but not less than of Rs 50,000.     

15. Information about income tax demand, refund, proceedings pending, and proceedings completed which may include assessment, reassessment under section 148,153A 153C, revision, appeal will also be shared in this form 26AS.      

16. Information on this form 26AS will not be a one-time affair at year end. This will be a live 26AS, as this will be updated regularly within 3 months from the end of the month in which such information is received.       

17. Form 26AS will now be a complete profile of the taxpayer for that particular year as against earlier form 26AS which just provided the information about taxes paid by way of TDS/TCS or self-assessing. This form will also have mobile no, email I’d and Aadhar no. of the taxpayer.      

18. Further an enabling provision has been notified empowering the CBDT to authorise DG Systems or any other officer to upload in this form, information received from any other officer, authority under any law. Thus any adverse action initiated or taken or found or order passed under any other law such as custom , GST , Benami Law etc. including information about Turnover , import , export etc. will also be put in this form 26AS so that not only the concerned taxpayer but  also all the Income Tax authorities will  know and have access to such information.      

19. This form 26AS will also provide information received by Tax Deptt from any other country under the treaty /exchange of information about income or assets of the taxpayer located outside India.     

20. The implication of this new form 26AS will be that banks , financial institutions or any other authority or customer , buyer etc. while carrying out due diligence of the person/ corporate concerned will now ask for form 26AS  so as to be sure that there are not any major issues about such person/corporates.   

21. This will now make difficult for any taxpayer to hide information from any bank / financial institution/ authority about any proceedings against under any law or tax demand, tax disputes etc.

10-06-2020

Today thoughts

Distance never breaks a relation and Closeness never builds a relation. If feelings are True, Honest & Sincere, all relations will remain forever.

Happy people build and enjoy their inner world. Unhappy people always blame their outer world.

Latest YouTube updates:

1. कौन से ITR फॉर्म AY 2020-21 के लिए लागू होंगे ? ITR 1 से 7 दाखिल के लिए इन बातों का रखें ध्यान I (हिंदी में) (Applicable for AY 2020-21 (FY 2019-20) https://youtu.be/t9fEepIvszQ
2. Changes in ITR Form Applicable for AY 2020-21 (FY 2019-20)

I. New ‘Schedule DI’ to furnish details of investments made during the extended period [ITR 1 to 6]

II. Additional details to be furnished by a person who is filing return under the Seventh proviso to section 139(1) [ITR 1, 2, 3 & 4]

III.Option to quote PAN or Aadhaar in various schedules [ITR 1 to 7]

IV. Reporting of income or loss from pass-through entities [ITR 2, 3, 5, 6 & 7]

V. Reporting of cash receipt or payment where turnover of assessee is between Rs. 1 crore to Rs. 5 crore

VI. Reporting of dividend received from the specified foreign company [ITR 6]
Link:
https://youtu.be/Pv2T6Ay2xUQ

Have a good day 💐💐💐💐

Regards,

Bipul Kumar

6-06-2020

1. Government is exploring changes to the equalisation levy, and may stop charging the tax on digital transactions either partially or in its entirety for a year as it works on the options. The government is doing a cost-benefit analysis and has reached out to stakeholders to figure out if it needs to suspend or shelve the 2% equalisation levy imposed this fiscal year on any purchase by an Indian or India-based entity through an overseas ecommerce platform.

 
2. Central Government has releases INR.36,400 Cr as GST Compensation to States. Taking stock of the current situation due to COVID-19 where State Governments need to undertake expenditure while their resources are adversely hit, the Central Government has released to the States/UTs with Legislature for the period from December, 2019 to February, 2020 today.

3. CBDT assigned jurisdiction to officers from its international tax division over assessees coming under the purview of ‘equalisation levy’ on e-commerce companies. Experts said the CBDT’s move is a sign that the government is moving ahead with the levy, which came into force on April 1, despite several representations from industry bodies on behalf of foreign companies calling for deferment of the tax due to the fear that the wide-ranging scope of the law may end up taxing even non-digital transactions, leading to possible double taxation. 

4. GST: Co-operative society is not liable to deduct TDS where Government participation is less than 51%. AAR gave an ruling regarding clarification in respect of applicability of TDS in respect of Cooperative Societies in case of Tamil Nadu Coop. Silk Producers Federation Ltd  [2019] 112 taxmann.com 7 (AAR – TAMILNADU)

02-06-2020

1. CBDT has notified the income-tax return forms for the financial year ended March 31, 2020 (assessment year 2020-21). The I-T return forms (ITR-1 to ITR-7) incorporate the recent announcement made by the finance minister to ease the burden on taxpayers owing to the Covid-19 pandemic. 

2. ITR forms for AY 20-21 notified. Joint property owner can file ITR 1 & 4. ITR-1 can be used if electricity / travel expenses or deposits in current accounts exceed limit.

3. GST ITC-02A enabled at GST common portal for transfer of ITC in Credit Ledger to other registered entities/place of businesses in same state. 


4. GSTN said it has enabled new registration functionality on the GST portal for erstwhile registered entities who are now corporate debtors under the provisions of the Insolvency and Bankruptcy Code (IBC). This facility will benefit the companies that are undergoing the corporate insolvency resolution process and whose management affairs are being undertaken by IRPs or RPs. 

01-06-2020

1.The Central Board of Direct Taxes (CBDT) has notified new Income-tax Return (ITR) forms applicable for the Assessment Year 2020-21. A new schedule ‘Schedule DI’ has been inserted to claim benefit of investment/ deposit/payments made between 01-04-2020 to 30-06-2020 for the previous year 2019-20.

2. CBDT notifies new Form 26AS; widen its scope to include info. received under DTAA/TIEA

The CBDT has notified new Rule 114-I which prescribes uploading of annual information statement in Form 26AS in the registered account of assessee. A new Form 26AS has been notified for reporting of information related to TDS/TCS, specified financial statements, payment of taxes, demand & refund, pending & completed proceedings & any info. in relation to sub-rule(2) of 114-I which includes info. received under agreement referred to in section 90 or 90A.

3. Latest YouTube updates “Tax planning on Sale of RESIDENTIAL HOUSE (रेज़िडेंशियल हाउस)(Exemption u/s 54, 54EC, 54EE & 54GB)” https://www.youtube.com/watch?v=SjMD-TfEKLE&t=89s

29-05-2020

1. Income Tax Dept launches facility for free instant online allotment of PAN for persons with a valid Aadhaar number and a mobile number registered with Aadhaar. 
2. Insolvency Resolution Professionals (IRPs/RPs), appointed to undertake corporate insolvency resolution proceedings can apply for new registration on GST Portal, on behalf of the Corporate Debtors, in each of the States or Union Territories, on the PAN and CIN of the Corporate Debtor, where the corporate debtor was registered earlier, in terms of Notification No. 11/2020-CT, dated 21st March, 2020 and as amended vide Notification No. 39/2020-CT, dated 5th May, 2020. 

06-06-2020

No one can stop you from becoming successful until you allow someone to do so. Everyone has some hidden potential to become successful which is all required to unhide.

Everybody has problems in life, sometimes big sometimes small. The person always complaining about his problems is not telling about those but is actually showing his weakness or incapabilities to tackle them. Always remember that your problems are not bigger than you. Solution always lies within a problem.

03-06-2020

The more you grow, the more are the problems you are required to face. The person who resists or runs away from problems instead of solving them can’t be a big person.

In case of pain, we often think “why me” and complained to god but don’t even realise to thank him in favourable situations.

02-06-2020

BEING alive is something, being well is great but being happy is a valuable ACHIEVEMENT, probably, the closest thing to perfect.

 
Life is too short. One must listen/ follow his/her heart without waiting for the right time because there is nothing called right time. The time you start following you heart becomes the right time to do that job.

01-06-2020

Life can be full of unexpected things, either happy or sad. But no matter what happens. Just keep a loving heart, a wise mind, and a strong faith in God. He will always stay with us through all the journeys of our Life. 

God has given few incapabilities to everyone. Some people make excuses about such incapabilities whereas some people work on it. make such incapabilities as their strengths. Choosing from above category is always your choice.

29-05-2020

You will always find time for your priorities, no matter how much busy you are. If you are not finding time to do any particular act for long, that doesn’t mean you don’t have time, its simple that such act is not in your priority list

A good writer until he has actually experienced as to what he is writing, similarly, a reader can’t connect with the writer’s writing unless he has experienced such situation.