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Updates on Income tax, GST, Company Law, SEBI, FEMA, FCRA
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 section 50B)
✅ Fair Market Value of Undertaking as per new rule 11UAE (N/No. 68/2021) dated 24 May 2021
Regards,
Bipul Kumar
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=kExSlqi14os
Audit Trail, Reporting in Auditors Report, Schedule III amendments https://www.youtube.com/watch?v=mxUhhUs0ILo
Limited Liability Partnership(LLP)-is suitable form of business ? Let’s analyze
https://youtu.be/_06iCBKsDc8
One Person Company-is suitable form of business ? let’s analyze (एक व्यक्ति कंपनी)
🎯 Income Tax
Reduce Capital Gains Tax Liability for the Year II कैपिटल गेन टैक्स प्लानिंग II
https://youtu.be/1kuDvQ4wJSM
Deductions on Interest income https://youtu.be/pP_ZI7ztIlM
Tax benefits on job creation(Employ more-save more) (Deduction u/s 80JJAA)
https://youtu.be/sfvj8x9J1zc
Deductions for House Rent u/s 80GG of Income Tax Act 1962
https://youtu.be/Dj-5I2gkljI
Political Funding https://www.youtube.com/watch?v=iklwX0k_XY0&t=312s
Tax Planning series 6: Deductions in respect of Donations u/s 80G of Income Tax Act 1961
https://youtu.be/G9NQPFEiEmA
Trusts & NGOs: Changes in Tax provisions for FY 2021-22 or subsequent years
https://youtu.be/4rOzcjMceE0
One Person Company-Is it tax beneficial?
https://youtu.be/lNxclckEyJo
Tax Planning Series 5: Deductions on certain interest expenses (Section 80E, 80EE/80EEA, 80EEB)
https://youtu.be/pP_ZI7ztIlM
Tax Planning series 4: Tax benefits on Medical Deductions (u/s 80D, 80DD, 80DDB, 80U)
https://youtu.be/YwvNjWXHMh0
Tax Planning Series 3: Deductions more than 2 lakhs u/s 80CCD (NPS, APY)
https://youtu.be/mS2qJLubeOk
Tax Planning Series 2: Deductions u/s 80C(Max. 1.5 Lakh)
https://youtu.be/vbVOVDR-Uew
Tax Planning Series 1: Deductions under Chapter VI A
https://youtu.be/g63SVwE4zfY
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🎯 GST
Do this before filing GSTR-1(Q) return for Jan 21 to March 21 under QRMP Scheme
https://youtu.be/I50h2PdvxHw
CBIC notification dated 30th March 2021-B2C QR Code compliance exemption extended till 30th June 2021.
https://youtu.be/qmKBVnDuS7A
Mandatory e- invoicing for B 2B transactions for Taxpayers having turnover over Rs. 50 Cr. From April 1, 2021.
Notification dated 08th March 2021
🎯 Financial awareness
Partition of Property II संपत्ति का बंटवारा (कानूनी प्रावधान) II
https://youtu.be/IaQ03qcRWDg
ELSS is best option to create wealth https://youtu.be/RgOFI0tJs6c
How to improve CIBIL score to get loans quickly https://youtu.be/SpiU_N9CYhQ
🎯 Compliance list under Income Tax, GST & Corporate Laws for the month of April 2021
https://youtu.be/LkSA75PsCQ4
Please also suggest for improvement.
Regards,
Bipul Kumar🙏🙏🙏
Dear Friends,
Please find below YouTube link of video on Tax Planning Series 2: Deduction u/s 80C(Max. 1.5 Lakh)
https://youtu.be/vbVOVDR-Uew
Regards
Bipul Kumar
Dear Friends,
Please find below YouTube link of video Tax Planning Series 1: Deductions under Chapter VI A
https://youtu.be/g63SVwE4zfY
Regards
Bipul Kumar
Dear Friends,
Please find below link of YouTube video How to improve CIBIL score to get loans quickly?
https://youtu.be/SpiU_N9CYhQ
Regards
Bipul Kumar
Dear Friends,
Please find below YouTube link for understanding How many years your money will be QUADRUPLE ?
कितने समय में आपका पैसा होगा दुगुना, तीनगुना और चारगुना ?
https://youtu.be/samgAJoMlN8
Regards
Bipul Kumar
Dear Friends,
Please find below YouTube Link of Changes in Company Law (Budget 2021)
✅ One Person Company (OPC)
✅ Small Company -Definitions, Benefits of small company
✅ Fast track merger of Start up co
✅ E proceedings
✅ MCA 21 Version 3.0
✅ Decriminalization of LLP Act
Regards
Bipul Kumar
Updates-Income Tax, International Taxation & Transfer Pricing
| *Income tax* | Karnataka HC | *Discount on issue of debentures is deductible u/s. 37 in proportion to percentage of redemption* |
| *Income tax* | SC | *Transfer of case was justified as show-cause notice has clearly spelt out reasons for transfer; SC dismissed SLP* |
| *Income tax* | Madras HC | *HC remanded matter as ITAT failed to examine fact that whether investment in gold bullion violate Sec. 11(5)* |
| *Income tax* | Ahmedabad – Trib. | *Amount paid over net book value of assets & liabilities acquired in amalgamation eligible for depreciation* |
| *International taxation* | Delhi – Trib. | *Huawei’s branch office constitutes PE as expat employees have control to carry out business activities in India* |
Updates-Goods and Service Tax (GST)
| *GST* | Gujarat HC | *Rule 86A which enables Dept. to block ITC of taxpayers has been challenged before GUJ HC* |
| *GST* | AAR – WEST BENGAL | *No GST on supply of conservancy service to military Stations: AAR WB* |
| *GST* | AAR – WEST BENGAL | *Fabrication and painting of steel structures at construction site to be treated as mixed supply* |
| *GST* | AAR-HIMACHAL PRADESH | *Advance Ruling non-maintainable on admissibility of ITC where tax not paid or paid through ineligible ITC* |
| *GST* | Gujarat HC | *SEZ unit allowed refund of ITC received from the ISD unit : Gujarat HC* |
| *GST* | Allahabad HC | *HC permitted to reproduce online records maintained by assessee before the authority* |
| *GST* | Kerala HC | *Goods detained on grounds of bona fide dispute of rate of tax are not sustainable : Kerala HC* |
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