KnowledgeSmritis Learning
@knowledgesmrit1
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We are an Edtech startup working in online education space for buffet of professional courses like CA, CS, CWA, CMA, ACCA & CPA.
New Delhi
Joined December 2020
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
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COMPANY ACT UPDATE. “SEBI's Amended Mutual Fund Norms: Strengthening Transparency, Governance,.and Investor Protection in MF industry” - SEBI
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INCOME TAX UPDATE. “Scrap income generated during manufacturing process would be eligible for deduction under section 80-IC” - HC OF GUJARAT
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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
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GST UPDATE. “Detained goods to be released on condition of paying a certain amount of penalty and furnishing bank guarantee.” - HC OF GUJARAT
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GST UPDATE. “Writ petition could not be entertained when appeal was pending before.Appellate Authority.” - HC OF J&K AND LADAKH
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GST UPDATE. “Writ petition can’t be entertained since appellate remedy is available and question of facts are involved.” - HC OF MADRAS
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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
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5 Lesson from "the 5 AM Club" 😊 . #thefinancialsoul #5amclub
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KnowledgeSmritis Wishing you all a very Happy 73th Republic Day😊😊.#India #Charteredaccountant #KnowledgeSmritis #KnowledgeSmritisLearning #republicday #nationalrepublicday
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"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
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"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
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"Right of personal hearing under Faceless Assessment cannot depend upon fact of case".#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment
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"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
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"CBDT amends Securities Transaction Tax Rules to include insurance Cos".#incometaxupdate #incometaxes #incometaxfiling #incometaxreturn #incometaxindia #incometaxreturnfiling #incometaxreturns #incometaxact #incometaxseason #incometaxdepartment
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"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
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"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
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"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
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"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
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"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
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