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Important Due Dates

MARCH 2020 – Compliance calendar

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Feb 2020 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for Feb 2020(Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 15 Income tax Issue of TDS Certificate for tax deducted u/s 194-IA […]

Frauds & misappropriation of funds in Auto Dealership

The auto dealership is one business activity where the impact of fraud and misappropriation of funds are comparatively higher. Therefore, the success of this business to a large extent depends on containment of fraud and pilferage through proper and effective internal control measures. The complexity of auto dealership operations gives many opportunities to its employees […]

FEBRUARY 2020 – Compliance calendar

  Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Jan 2020 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for Jan 2020(Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 14 Income tax Issue of TDS Certificate for tax deducted u/s […]

DUE DILIGENCE

  Question:- Answer Assume that you are planning to buy a used car. What all things you will consider before making the decision? You will check its ownership documents, accident histories, physical appearance etc. Complexity:- Solution:- However, if you are not an automobile engineer or a technical person, how will you know about its technical […]

JANUARY 2020 – Compliance calendar

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Dec 2019 ITNS 281 10 GST Last date for filing all pending GSTR 1 from July 2017 to Nov 2019 without late fee GSTR 1 11 GST GSTR 1 for furnishing outward supplies for Dec 2019(Turnover exceeding Rs. 1.50 […]

DECEMBER 2019 – Compliance calendar

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Nov 2019 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for Nov 2019 (Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 15 Income tax Third instalment of advance tax for the assessment […]

Compliance calendar -NOVEMBER 2019

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for October 2019 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for October 2019(Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 11 ESIC ESI half yearly return filing ECR 14 Income tax Issue […]

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TDS on sale of Property by NRI

Problem Non-residents who are selling immovable property which is situated in India have to pay tax on the Capital Gains. The tax that is payable on the gains depends on whether it is a short term or a long term capital gains. When a property is sold, after two years from the date it was […]

Capital Gain Tax on Compulsory Acquisition

Problem Our client had a plot of land (non-agricultural) situated near a busy junction (Sreekaryam) in Thiruvananthapuram. Kerala State Government decided to construct an overbridge at the junction mentioned above to reduce traffic congestion. The government was compulsorily acquired the abovementioned plot of land for this purpose, and our client was awarded a package sum […]

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Important Due Dates

MARCH 2020 – Compliance calendar

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Feb 2020 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for Feb 2020(Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 15 Income tax Issue of TDS Certificate for tax deducted u/s 194-IA […]

Frauds & misappropriation of funds in Auto Dealership

The auto dealership is one business activity where the impact of fraud and misappropriation of funds are comparatively higher. Therefore, the success of this business to a large extent depends on containment of fraud and pilferage through proper and effective internal control measures. The complexity of auto dealership operations gives many opportunities to its employees […]

FEBRUARY 2020 – Compliance calendar

  Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Jan 2020 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for Jan 2020(Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 14 Income tax Issue of TDS Certificate for tax deducted u/s […]

DUE DILIGENCE

  Question:- Answer Assume that you are planning to buy a used car. What all things you will consider before making the decision? You will check its ownership documents, accident histories, physical appearance etc. Complexity:- Solution:- However, if you are not an automobile engineer or a technical person, how will you know about its technical […]

JANUARY 2020 – Compliance calendar

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Dec 2019 ITNS 281 10 GST Last date for filing all pending GSTR 1 from July 2017 to Nov 2019 without late fee GSTR 1 11 GST GSTR 1 for furnishing outward supplies for Dec 2019(Turnover exceeding Rs. 1.50 […]

DECEMBER 2019 – Compliance calendar

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for Nov 2019 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for Nov 2019 (Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 15 Income tax Third instalment of advance tax for the assessment […]

Compliance calendar -NOVEMBER 2019

Date Category Compliance for (Due dates) Form/ Challan no: 7 Income tax Deposit of TDS/TCS for October 2019 ITNS 281 11 GST GSTR 1 for furnishing outward supplies for October 2019(Turnover exceeding Rs. 1.50 Cr or opted to file monthly Return) GSTR 1 11 ESIC ESI half yearly return filing ECR 14 Income tax Issue […]

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case Study

TDS on sale of Property by NRI

Problem Non-residents who are selling immovable property which is situated in India have to pay tax on the Capital Gains. The tax that is payable on the gains depends on whether it is a short term or a long term capital gains. When a property is sold, after two years from the date it was […]

Capital Gain Tax on Compulsory Acquisition

Problem Our client had a plot of land (non-agricultural) situated near a busy junction (Sreekaryam) in Thiruvananthapuram. Kerala State Government decided to construct an overbridge at the junction mentioned above to reduce traffic congestion. The government was compulsorily acquired the abovementioned plot of land for this purpose, and our client was awarded a package sum […]

View all