CA Amresh Vashisht
63 articles written by CA Amresh Vashisht on ConsultEase.
New Regime of Re-Assessment
New Regime of Re-Assessment The new scheme of re-assessments are contained in the following provisions: (a) Section 147: Assessment of income escaping assessment; The new Section 147 provides that the Assessing Officer can make the re-assessment of an income escaping assessment if the following conditions
High Court slams AO for withholding refunds so as to window dress collection of tax revenue
High Court slams AO for withholding refunds so as to window dress collection of tax revenue Huawei Telecommunications (India) Company (P.) Ltd. v. Union of India – [2020] (Punjab & Haryana) The issue before the Punjab & Haryana High Court was: Whether refund can be
Incorporation of companies with zero fees and with simple procedures
Incorporation of companies with zero fees and with simple procedures Government has announced the incorporation of companies with zero fees and with simple procedures. It will help the small companies and business to get registered. Five procedures for starting a business are now integrated and
Transfer of Shares in Companies Act
Transfer of Shares in Companies Act Where the appellant’s shares in respondent-company were transferred to respondent No. 3 without notice, transfer of shares in name of respondent No. 3 was illegal and appellant’s name was to be restored in the register of members. NATIONAL COMPANY
Basic points of NFRA & ITS coverage
Basic points of NFRA & ITS coverage The NFRA & ITS Coverage has been discussed in the article. The basic questions are also bieng answered in the article regarding the NFRA & ITS. Companies Covered By NFRA The Authority shall have power to monitor and
12 Important Points regarding Section 8 Company
12 Important Points regarding Section 8 Company Following are the 12 Important Points regarding Section 8 Company: – 1. The General Meeting of Sec. 8 Company can be conducted with Notice of 14 Clear days instead of 21 days. 2. Revised SS-1 & SS-2 is not applicable. Provisions
Considerable points related to NBFC
Considerable points related to NBFC NBFC is the non-banking financial Companies in which people can invest and gain the something in return. So, following are the considerable points related to NBFC: 1.NBFC is engaged in the business of loans and advances, acquisition of shares/ stocks/bonds /debentures
Being First Audit under GST regime ,Have a timely preparation
Being First Audit under GST regime ,Have a timely preparation Considering the various detailed reconciliations required under the Form GSTR-9C & details to be furnished under GSTR-9, lot of efforts would be required on part of both GST Auditor & GST Auditee to prepare and
New functionalities for refunds
New functionalities for refunds, which was made available on GST Portal, recently The government has issued and applied the new functionalities for refunds, which was made available on GST portal, recently. Let us discuss those new functionalities for refunds: (i) Taxpayers can now file Application
Checklist for GST Annual return
Checklist for GST Annual return The due date for filing the GST Annual return is very near. So, let us discuss the checklist for GST Annual return to make the process easier for the taxpayer and consultants. Four types of annual returns are there: GSTR-9:
Changes made to Schedule III for AS & Ind AS
Changes made to Schedule III for AS & Ind AS compliant companies There are some changes made to the schedule III for AS & Ind AS. On October 11, 2018, the Ministry of Corporate Affairs (MCA) has amended the Schedule III to the Companies Act, 2013. Schedule
Last date to avail input tax credit
Last date to avail input tax credit in respect of invoices or debit notes Last date to avail input tax credit in respect of invoices or debit notes relating to such invoices pertaining to the period from July 2017 to March 2018. There appear to be misgivings