Sales in case of stock broker and sub-broker.

Every assessee carrying on business shall get its accounts audited if certain conditions are fulfilled and the same is true in the case of stockbroker and/or sub-broker. The principles enumerated below are equally important for considering the account amount of sale in their profit and loss account. Rules to consider a transaction as sale in case of stock broker / sub-broker Share brokers,...

COMPLIANCE CALENDAR FOR THE MONTH OF JANUARY 2023.

  Appended below is the Pan India Compliance calendar for January 2023, employer is under obligation to contribute towards some of the above-mentioned compliances for the welfare of the employees. Each of these compliances is again governed by a set of rules and formulas. It is proven to be a deliberate attempt to violate the provisions of the law, there could be imprisonment of the...

Due dates for the Month of January 2023

07th TDS TDS Payment for November 2022. 10th GST Return for authorities deducting tax at source – GSTR 7 for November 2022. Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for November 2022. 11th GST Details of outward supplies of taxable goods and/or services effected – GSTR 1 for November 2022. 13th...

Transfer of Input Tax Credit on Conversion of Partnership Firm into Private Limited Company.

Statutory provisions regarding the transfer of input tax credit on sale, merger, lease, or transfer of business. Sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (in short ‘the CGST Act’) deals with the transfer of credit on sale, merger, lease, or transfer of business. Accordingly, where there is a change in the constitution of a registered person on...

Requirement of RERA Registration on receipt of Occupation Certificate vis-a-vis Completion Certificate.

All real estate projects are required to be registered with the RERA of the respective State so that authorities have jurisdiction over the projects. However, there is a dispute over the issue as to the date on which the requirement of registration under RERA is applicable i.e. on the date of receipt of the occupation certificate or completion certificate. Requirement of Registration under...

COMPLIANCE CALENDAR FOR THE MONTH OF DECEMBER 2022.

Appended below is the Pan India Compliance calendar for December 2022, employer is under obligation to contribute towards some of the above-mentioned compliances for the welfare of the employees. Each of these compliances is again governed by a set of rules and formulas. It is proven to be a deliberate attempt to violate the provisions of the law, there could be imprisonment of the employer....

DUE DATES FOR THE MONTH OF DECEMBER 2022.

07th TDS TDS Payment for November 2022. 10th GST Return for authorities deducting tax at source – GSTR 7 for November 2022. Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for November 2022. 11th GST Details of outward supplies of taxable goods and/or services effected – GSTR 1 for November 2022. 13th GST...

DUE DATES FOR THE MONTH OF NOVEMBER 2022.

07th TDS TDS Payment for October 2022. 10th GST Return for authorities deducting tax at source – GSTR 7 for October 2022.  Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for October 2022. 11th GST Details of outward supplies of taxable goods and/or services effected – GSTR 1 for October 2022. 13th GST...