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ITAT held: Addition of bogus F&O losses for Client Code Modification misuse
Jun. 20, 2019
Held: ITAT Mumbai has confirmed the addition of fictitious F&O losses being inflicted by misusing the Client Code Modification (CCM). The ITAT also confirmed the addition in respect of Commissions to the tune of 1% of the stated fictitious losses in the hands of the Assessee (LLP). ITAT Mumbai also upholds re-assurement for AY 2010-11 (within a 4 year period)
The Government is likely to introduce e-invoicing under GST
Jun. 18, 2019
he government has been precisely working on Digital India to eliminate black money and tax evasion. So the taxpayers have been incentivized to promote electronic transactions. Now the government is planning to introduce electronic invoicing under GST as a part of Digital India.
Summer Break From 03 Jun 2019 to 28 Jun 2019
Jun. 03, 2019
As an annual feature the Sales tax bar association takes summer break from 3 Jun 2019 to 28 Jun 2019. Officers generally don't issue ex-parte orders during this period. However, there are some exceptions to this. Officers use this time in weeding out files or clearing pending work or solving some other important matters.
Transition into the new GST regime - Part 2
Jun. 14, 2019
This ripple is based on the CBIC press release published on June 11 2019. In the press release, the CBIC has clarified major queries like the introduction of a new offline tool to help users file their returns with ease, the introduction of a new GST return (FORM GST RET-1) and two annexures (FORM GST ANX-1 for uploading invoices and FORM GST ANX-2 for viewing and downloading the inward supply of invoices), and some instructions to the small and la…
The Government has told its 15 senior tax officials to leave their office.
Jun. 20, 2019
The Indian government has been moving towards zero tolerance for corruption. The government has been taken action against the government servant on the account of corruption and professional misbehaviour.
The date of filing form 24Q for FY2018-19 got extended.
Jun. 03, 2019
The Central Board of Direct Taxes (CBDT) has issued an order u/s 119 of the Income tax Act today. CBDT has extended the date of filing form 24Q for the financial year 2018-19. The new date of filing is Jun 30 2019.The order reference is F.No.275/38/2017-IT(B).
FAQ on GSTR 9 press release by CBIC on Jun 3 2019.
Jun. 05, 2019
As you know, Trade and Industry of India are filling and filing their 2017-18 GST Annual Return for the first time. They have to file it in Form GSTR 9 before June 30 2019.Trade and Industry has some queries on GSTR 9.CBIC's press release tries to address them.The PR generally clarified 8 matters. In this ripple, I have tried to break down the press release in small easy workable points.

Here is business page of Sanjay, with all his work

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Here is business page of Sanjay, with all his work

About Portfolio

My dear ,

My dear ,

Do you want to subscribe ? I would give you a free coupon to help you start calling.

Ok , no issues, if you have a question then you can try the search feature at quaremon.

Hi Thakurani,I want to deposit in my accountThanks,

Hi Thakurani,
I want to deposit in my account
Thanks,