KnowledgeSmritis Learning

We are an Edtech startup working in online education space for buffet of professional courses like CA, CS, CWA, CMA, ACCA & CPA.

[KnowledgeSmritis Learning @knowledgesmrit1]

INSOLVENCY & BANKRUPTCY CODE UPDATE
“Regulation 39(1A) of IBBI Regulations doesn’t restrict CoC from negotiating
resolution applicants to increase plan value.” - NCLAT- NEW DELHI

[KnowledgeSmritis Learning @knowledgesmrit1]

COMPANY ACT UPDATE

“SEBI's Amended Mutual Fund Norms: Strengthening Transparency, Governance,
and Investor Protection in MF industry” - SEBI

[KnowledgeSmritis Learning @knowledgesmrit1]

INCOME TAX UPDATE

“Scrap income generated during manufacturing process would be eligible for deduction under section 80-IC” - HC OF GUJARAT

[KnowledgeSmritis Learning @knowledgesmrit1]

INCOME TAX UPDATE

“HC slams AO for passing Sec. 148A order without considering Co’s response that
it purchased & not sold property.” - HC OF DELHI

[KnowledgeSmritis Learning @knowledgesmrit1]

GST UPDATE

“Detained goods to be released on condition of paying a certain amount of penalty and furnishing bank guarantee.” - HC OF GUJARAT

[KnowledgeSmritis Learning @knowledgesmrit1]

GST UPDATE

“Writ petition could not be entertained when appeal was pending before
Appellate Authority.” - HC OF J&K AND LADAKH

[KnowledgeSmritis Learning @knowledgesmrit1]

GST UPDATE

“Writ petition can’t be entertained since appellate remedy is available and question of facts are involved.” - HC OF MADRAS

[KnowledgeSmritis Learning @knowledgesmrit1]

GST UPDATE
“AAR rejected application since question raised pertained to determination of
place of supply of services.” - AAR-TELANGANA
#gst #gstindia #gstupdates #gstnews #gstcouncil #gstupdate
#gstreturns #gstregistration #gstadvisory #gstaudit #Finance #thefinancialsoul

[KnowledgeSmritis Learning @knowledgesmrit1]

5 Lesson from "the 5 AM Club" 😊

#thefinancialsoul #5amclub https://t.co/ROmSCQPJDj

[KnowledgeSmritis Learning @knowledgesmrit1]

KnowledgeSmritis Wishing you all a very Happy 73th Republic Day😊😊
#India #Charteredaccountant #KnowledgeSmritis #KnowledgeSmritisLearning #republicday #nationalrepublicday

[KnowledgeSmritis Learning @knowledgesmrit1]

"Society registered Karnataka Souharda Sahakari Act, 1997 is a Co-operative Society for Sec. 80P relief"
#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment

[KnowledgeSmritis Learning @knowledgesmrit1]

"Entire order of AO couldn’t be quashed just because a few of questions were unwarranted"
#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment

[KnowledgeSmritis Learning @knowledgesmrit1]

"Right of personal hearing under Faceless Assessment cannot depend upon fact of case"
#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment

[KnowledgeSmritis Learning @knowledgesmrit1]

"CBDT notifies Rule to compute capital gains on sum received from ULIPs not exempt u/s 10(10D)"
#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment

[KnowledgeSmritis Learning @knowledgesmrit1]

"CBDT amends Securities Transaction Tax Rules to include insurance Cos"
#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment

[KnowledgeSmritis Learning @knowledgesmrit1]

"Provisions of Benami Act not applicable on property purchased in name of wife from husband’s source of income"
#incometaxupdate #income #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment

[KnowledgeSmritis Learning @knowledgesmrit1]

"NHC deletes penalty considering severe financial constraints due to which assessee failed to pay self-assessment tax"
#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason

[KnowledgeSmritis Learning @knowledgesmrit1]

"No reassessment without recording reason as to how search action on third party had any connection with assessee"
#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason

[KnowledgeSmritis Learning @knowledgesmrit1]

"A duty & responsibility to make verifications of applications/declaration forms can’t be treated as property"
#incometaxupdate #income #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment

[KnowledgeSmritis Learning @knowledgesmrit1]

"Donations made to school in Nepal as per terms of trust deed is valid no cancellation of Trust registration"
#incometaxupdate #income #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment