izfrfcEc - jaipur-icai.orgCA Anil Kumar Yadav CHAIRMAN Chairman’’ Message FOR IN HOUSE CIRCULATION ONLY AUGUST 2020-2021 (2020-2021) NO. 5 JAIPUR CHARTERED ACCOUNTANTS’ The Institute

Dear Professional Colleagues

It is easy to kill individuals but you cannot kill the ideas Great empires crumbled while the ideas survived -Bhagat Singh

thThis year India is celebrating its 74 Independence Day to pay tribute to our brave freedom fighters that fought selflessly and even sacrificed their lives for our country to attain freedom from British Raj Every Indian remembering and honouring the sacrifice made by our freedom fighters Our Rajasthan also took an active part in the Freedom Movement Various freedom fighters played a key part in this movement In Rajasthan Pt Narottam Lal Joshi Govind Giri Vijay Singh Pathik Motilal Tejawat Gopal Singh Kharwa were the best known for leading rebellion against the British Raj in India The tribute will always be less for our freedom fighters but the salute to all will never be less

We CA professionals play a key role in the economic well being of our Nation to fulfil our role of Partners in Nation Building by strictly adhering to transparency integrity amp values On this occasion we were celebrated Independence Day on 15th August 2020 at our Branch Premises in the gracious presence of other Managing Committee members along with Senior Chartered Accountants members Live telecast was also available on our YouTube channel ldquoJPR ICAIrdquo for those who are unable to attend celebration due to pandemic

I am glad to inform you that around 10 Virtual CPE Meetings on Various topics are organized in August Members viewed and got benefited from the Virtual CPE meeting I thank all the expert and eminent Speakers for their valuable contribution in addressing to our Members in the above said Virtual CPE Meetings

The difficulties being faced by Members in the time of the pandemic so I want to request you help our CA Colleagues who need work it may not be a big gesture but a small act of kindness can brighten up our community support and hope ICAI also has considered the difficulties being faced by Members in the time of pandemic and has decided to grant Medical Financial Assistance to the Members and their dependents suffering from CORONA You may visit the CABF Portal at the link for more detailshttpscabficaiorg

Finally I conclude my words with the following

We must think and act like a nation of a billion people and not like that of a million people Dream dream dream Conduct these dreams into thought and then transform them into action - APJ Abdul Kalam

Stay Safe and Healthy

Thanks amp Regards

CA Anil Kumar YadavCHAIRMAN

Chairmanrsquorsquo Message

FOR IN HOUSE CIRCULATION ONLY AUGUST 2020-2021 (2020-2021) NO 5

JAIPUR CHARTERED ACCOUNTANTSrsquo

The Institute of Chartered Accountants of India(Setup by an Act of Parliament)

e-Newsletter

izfrfcEc

THICAI_JP_50 _YEARDesigned amp Compiled by

ITT Faculties of Jaipur Branch of ICAISanjay Kishore Karni Singh Rathore


Where the mind is led forward by thee into ever-widening thought and action-Into that heaven of freedom my father let my country awake

- Rabindranath Tagore in his poem Where the Mind Is Without Fear

The month of August is always special to all Indians is the Independence Day of our country celebrated on the 15th of August every year We remember the sacrifices made by the warriors of our country during the freedom fighting struggle and the Independence Day is a special day to pay rich tributes across the country to the martyrs for making our country independent On this occasion I request all the members to commit ourselves to the economic progress of the Nation

The concern about Covid-19 is more than just over physical wellbeing there is also a concern about the emotional and mental fallout Everyone has suggested that people should engage in something creative to stave off anxiety and depression In this connection Jaipur Branch organized various fun-filled activities for Members and Students Like a virtual Family Picnic for CA Members The main attractions of the virtual picnic were Treasure Hunt Tambola Antakshri and many more family fun games We have also organised a Virtual dancedramaplay Competition for CA Students

The Committee for Members in Practice (CMP) has taken good initiatives and has come out with many Beneficiary Schemes for the members of ICAI I request the members to go through the same and also visit the website cmpbenefits icaiorg makes use of the benefits given by CMP

In the current scenario It is a very good move for the benefit of students to remove hardship of travel long distances and keeping in mind of the wellbeing of students members and for safety in the situation of COVID 19 pandemic the ICAI has almost doubled the Examination Centres for those appearing for the Examination to be held in November 2020

Once again humbly I request our members to please come forward and contribute your thoughts by way of articles on various topics and areas related to our profession One mind can ignite many minds and your valuable insights can open paths for many readers Any suggestions queries or required articles to be incorporated on any matter may please be mailed to us at We will be very glad to publish your thoughts and endeavour our best to jaipuricaiorgensure that all your suggestions are incorporated and queries are answered

Stay home stay active and save the life

Best wishes

CA Kuldeep GuptaSECRETARY

Secretary Message

JAIPUR CHARTERED ACCOUNTANTSrsquoe-Newsletter

izfrfcEc

THICAI_JP_50 _YEAR

Designed amp Compiled byITT Faculties of Jaipur Branch of ICAISanjay Kishore Karni Singh Rathore

CA Anil Kumar YadavChairman

Mobile 9660917000E-mail anilyadav17gmailcom

CA Kuldeep GuptaSecretary

Mobile 9929927262E-mail kuldeepgupta15hotmailcom

OFFICE BEARERS 2020-21

CA Shishir AgrawalChairman CICASA

Mobile 9887539278E-mail cashishiragrawalgmailcom

CA Lokesh KasatImmediate Past Chairman

Mobile 9887570010 7014127067E-mail calokeshkasatgmailcom

CA Ankit MaheshwariTreasurer

Mobile 8094869000E-mail infocaankitmaheshwaricom

CA Vijay Kumar AgrawalMember CICASA

Mobile 9828149043E-mail catvijayyahoocom

CA Akash BargotiVice Chairman Mobile 9983332663

E-mail akashbargotigmailcom

Page 3

e-NewsletterizfrfcEc

THICAI_JP_50 _YEAR

CA Pramod Kumar BoobCentral Council Member-ICAI

Mobile 9829015993E-mail pkboobyahoocom

CA Sachin Kumar JainRegional Council Member-ICAI

Mobile 9829720077 9314024880E-mail casjaingmailcom

CA Prakash SharmaCentral Council Member-ICAI

Mobile 99290-97300E-mail sharmaprakashcayahoocom

CA Dinesh Kumar JainSecretary CIRC-ICAI

Mobile 9414073452 9351326690E-mail jaindkcagmailcom

CA Abhishek SharmaRegional Council Member-ICAI

Mobile 9829399453E-mail caabhisheksharmayahoocom

CA Satish Kumar GuptaCentral Council Member-ICAI

Mobile 9828012935E-mail satishgupta1004gmailcom

Page 4



THICAI_JP_50 _YEAR

Newsletter Committee

Chairman

CA Sachin Kumar Jain CA Kuldeep Gupta CA Vijay Kumar Agrawal

Page 5


THICAI_JP_50 _YEAR

CA Anil Kumar Yadav

Members

CA Sumit Dhadda CA Pawan Bhatia

Co-Opted Members


izfrfcEc

THICAI_JP_50 _YEAR

Persons in Branch Contact No

Page 6

STUDENTMr Gopal Lal Gurjar 9667555211Mr Naresh Meena 0141-3044214Mr Anil Kumar Sharma 9667555216

MEMBERMr Vishal Gupta 9672023888Ms Harpreet Kumawat 9667555212Mr Gopal Lal Gurjar 9667555211

ITMr Rakesh Yadav 9667555110Mr Shiv Singh 0141-3044210

COVIDMr Manish Jain 9667555065Mrs Garima Rastogi 9672041119

OTHERSMr Karni Singh 9460986460Mr Mohan Singh 9829022590

Time - 1000 AM to 500 PMMonday to Saturday

Jaipur Branch of CIRC of ICAIICAI Bhawan D-1 Institutional Area Jhalana Doongari Jaipur- 302004

E-mail jaipuricaiorg jaipuricaiin

ICAI JAIPUR BRANCH HELP DESK

Designed amp Compiled by ITT Faculties of Jaipur Branch of ICAI

Sanjay Kishore Karni Singh Rathore

Virtual CPE Meeting on GST Analysis on Real Estate and Infrastructure (01082020-2 CPE Structured)

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Real Estate and Infrastructure on 1st August 2020 CA Sudhir Halakhandi addressed the participants with words of wisdom during inaugurated the meeting CA Sanjay Kumar Rathi was the eminent speaker of this meeting CA Sanjay Kumar Rathi delivered the lecture on above subject during Meeting CA Ruchi Goyal was the moderator of this meeting

Virtual CPE Meeting on GST Analysis on Gems amp Jewellery and Hospitality (02082020-2 CPE Structured)nd

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Gems amp Jewellery and Hospitality on 2 August 2020 CA Vimal Chopra addressed the participants with words of wisdom during inaugurated the meeting CA Chirag Jain and CA Nitin Baradia were the eminent speakers of this meeting CA Chirag Jain delivered the lecture on Gems amp Jewellery and CA Nitin Baradia delivered the lecture on Hospitality during Meeting CA Sonam Sharma was the moderator of this meeting

Virtual CPE Meeting on GST Analysis on Mining and Manufacturing Industry (08082020-2 CPE Structured)

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Mining and Manufacturing Industry on 8th August 2020 CA P P Pareek addressed the participants with words of wisdom during inaugurated the meeting Adv (CA) Jatin Harjai and Adv (CA) Rahul Lakhwani were the eminent speakers of this meeting Adv (CA) Jatin Harjai and Adv (CA) Rahul Lakhwani delivered the lecture on above subject during Meeting CA Daksha Agarwal was the moderator of this meeting

Virtual CPE Meeting on Standard on Auditing SME PERSPECTIVE (08082020-2 CPE Structured)

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on Standard on Auditing SME PERSPECTIVE on 8th August 2020 CA Prakash Sharma CCM-ICAI addressed the participants with words of wisdom during inaugurated the meeting CA Aniket Sunil Talati CCM-ICAI was the eminent speaker of the meeting CA Aniket Sunil Talati delivered the lecture on above subject during Meeting CA Sunil Sharma was the moderator of this meeting

Dance Competition for CA Students (090820)

Jaipur Branch of CIRC of ICAI organized Virtual Dance Competition for CA Students on 9th August 2020 In this competition 22 CA Students were participated CA Nikita Chamria CA Vikas Yadav and CA Ankita Sharma were the Judges of this competition

Following students were declared winners

1 Sourabh Soni and Vidhushi Mulchandani2 Hardik Sharma3 Tanya Lila

DramaPlay Competition for CA Students (090820)

Jaipur Branch of CIRC of ICAI organized Virtual DramaPlay Competition for CA Students on 9th August 2020 In this competition 16 CA Students were participated CA Nikita Chamria CA Vikas Yadav and CA Ankita Sharma were the Judges of this competition

Rambharose Natak Mandali (Group) was declared winner Participants for Rambharose Natak Mandali (Group) were

1 Ayush Tibra 2 Hitesh Dixit 3 Vallabh Harsh 4 Nitya Jain 5 Vaibhav Mittal

Elocution Contest (Kya Hoga Sapna Pura) for CA Students (100820)

Jaipur Branch of CIRC of ICAI organized Virtual Elocution Contest for CA Students on 10th August 2020 In this contest 45 CA Students were participated CA

Sumit Dhadda CA Sunny Jain and CA Sonam Sharma were the Judges of this competition

Following students were declared winners1 Ashi Atre2 Jyoti Jaiswal and Khushboo Jain3 Revti Mangal

Virtual Webinar on Ms-Excel for CA Students (11082020)

Jaipur Branch of CIRC of ICAI organized Virtual Webinar on Ms-Excel for CA Students on 11th August 2020 CA Rohit Pradhan was the eminent speaker CA Rohit Pradhan delivered the lecture on above subject during webinar Approx 158 CA Students were joined this webinar

BRANCH ACTIVITY AUGUST

Page 7


izfrfcEc

THICAI_JP_50 _YEAR

Virtual CPE Meeting on GST Analysis on Printing and Advt amp Cinema Industry (09082020-2 CPE Structured)th

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Printing and Advt amp Cinema Industry on 9 August 2020 CA Anurag Basu addressed the participants with words of wisdom during inaugurated the meeting CA Varun Khandelwal and CA Gaurav Kumar Gupta were the eminent speakers of this meeting CA Varun Khandelwal delivered the lecture on GST Analysis on Printing Industry and CA Gaurav Kumar Gupta delivered the lecture on GST Analysis on Advt amp Cinema Industry during Meeting CA Shaily Agarwal was the moderator of this meeting

Virtual CPE Meeting on Benami Law-An Analysis (13082020-2 CPE Structured)th

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on Benami Law-An Analysis on 13 August 2020 CA Rajiv Khandelwal Mumbai was the eminent speaker CA Rajiv Khandelwal delivered the lecture on above subject during the meeting CA Shubham Maharshi and CA Ankit Sharma was the moderator of this meeting

Virtual CPE Meeting on GST Analysis on Healthcare amp Pharma Industry and Mandi Aadat Commission Agent (14082020-2 CPE Structured)

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Healthcare amp Pharma Industry and Mandi Aadat Commission Agent on 14th August 2020 Shri Amrish Kaushik President-Jaipur Chemist Association addressed the participants with words of wisdom during inaugurated the meeting CA Mukesh Khandelwal and CA Vivek Laddha were the eminent speakers of this meeting CA Vivek Laddha delivered the lecture on GST Analysis on Healthcare amp Pharma Industry and CA Mukesh Khandelwal delivered the lecture on GST Analysis on Mandi Aadat Commission Agent during the Meeting CA Vitthal Guptal was the moderator of this meeting

Independence Day Celebration (15082020)

Jaipur Branch of CIRC of ICAI celebrated 74th Independence Day on 1582020 On this occasion Shri Sumit Kumar Yadav IRS Joint Director Jaipur Zonal Office Enforcement Directorate Jaipur CA Prakash Sharma CCM-ICAI CA Pramod Kumar Boob CCM-ICAI CA Abhishek Sharma RCM-CIRC CA Sachin Kumar Jain RCM-CIRC CA Anil Kumar Yadav Chairman CA Kuldeep Gupta Secretary and other Managing Committee members along with Senior Chartered Accountants members Jaipur Branch hoisted the National Flag

Virtual CPE Meeting on GST Analysis on Imports Exports SEZ including High Seas sales and Merchant Exp and Educational and Charitable institutions including CSR (16082020-3 CPE Structured)

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Imports Exports SEZ including High Seas sales and Merchant Exp and thEducational and Charitable institutions including CSR on 16 August 2020 CA Sanjeev Agarwal addressed the participants with words of wisdom during

inaugurated the meeting CA Yashasvi Sharma and CA Akshay Kumar Jain were the eminent speakers of this meeting CA Yashasvi Sharma delivered the lecture on GST Analysis on Imports Exports SEZ including High Seas sales and Merchant Exp and CA Akshay Kumar Jain delivered the lecture on GST Analysis on Educational and Charitable institutions including CSR during the Meeting CA Priya Jain was the moderator of this meeting

Virtual CPE Meeting on Audit Documentation SA 230 with Post Covid Scenario (21082020-2 CPE Structured)stJaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on Audit Documentation SA 230 with Post Covid Scenario on 21 August 2020 CA Vimal Chopra

was the eminent speaker of the meeting CA Vimal Chopra delivered the lecture on above subject during Meeting CA Mayur Bhattar was the moderator of this meeting

Virtual CPE Meeting on Landmark Rulings in GST (22082020-2 CPE Structured)nd

Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on Landmark Rulings in GST on 22 August 2020 CA Anushri Gupta was the eminent speaker of the meeting CA Anushri Gupta delivered the lecture on above subject during Meeting CA Vishnu Agrawal was the moderator of this meeting

CA FAMILY PICNIC (23082020)

Jaipur Branch organized virtual Family Picnic for CA Members on 2382020 CA Members and their family members enjoyed all the day Main attractions of the virtual picnic were Treasure Hunt Tambola Antakshri and many more family fun games All the participants enjoyed lot of Games organized for them Jaipur Branch honored of the winners of Treasure Hunt Antakshri and Tambols with memento amp CertificateTreasure Hunt

Jaipur Branch organized Treasure Hunt with followed COVID-19 instructions received from Govt amp local Authorities In the program member find treasure throughout Jaipur with car 52 CA Families participated in this HuntFollowing were declared as winners of this Treasurer Hunt

1 Naveen Dangayach 2 Abhishek Khandelwal 3 Shruti Khator

Following were declared as winners of Best Decorated Car 1 Sunny Jain 2 Naveen Dangayach 3 Ritesh Agarwal

In the Best Slogan Palak Gupta was declared winner


izfrfcEc

THICAI_JP_50 _YEAR Page 8

Many people take no care of their money till they come nearly to the end of it and others do just the same with their time

-Johann Wolfgang von Goethe

During this time of Pandemic when people are losing their jobs it is imperative to find alternate sources of income to earn a livelihood and maintain financial security Situations are becoming hard as nails for the individuals depending on their sole source of income To have financial independence one must find ways to multiply their wealth

Gone are the days when people used to deposit their money in banks and sit back amp relax Saving bank offers an interest rate of 325 to 35 pa which is not even enough to cover the inflation cost which was 766 in 2019 This generates the need to find passive sources of income

Before investing in any avenue a comprehensive study of diverse investment options should be conducted

In the market different options are available regarding risk and returns There is no reward without risk To earn more returns one needs to take the risk Risk is inevitable but investors need to decide how much risk he is willing and capable to take Below are the few investment options which one can take

How to achieve Financial

Security during this Pandemic

CA Poorvi Jain

Page 9


izfrfcEc

THICAI_JP_50 _YEAR

FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR




Factors while choosing Investment OptionEvery investor is different in terms of capital risk goals and objectives corpus amount etc There is no thumb rule of investing strategy which will be suitable for all Following are the factors which must be kept in mind before choosing the right investment alternative

1 Capital Invested

Dont save what is left after spending spend what is left after saving- Warren Buffet Before entering into any investment scheme a blueprint should be made as to how much amount he can invest without borrowing Investing by Borrowing always gives sorrows

2 Time horizon

Larger the time horizon higher the returns is a general principle but exceptions do exist For how much time you want to invest and when you need your money back plays a vital role in Investing because of the principle known as Compounding

3 Long Term and Short Term Goals

We invest money for achieving short term and long-term goals Long-term goals can be Retirement planning Children marriage Foreign Trip or Education Charity and what not Short-term goals may include maintaining day-to-day expenses avoiding cash crunch etc Plans are distinct for diverse goals and objectives

4 Liquidity

Liquidity refers to the availability of liquid assets and cash How much Liquidity an investor wants to maintain affects the investing decision

5 Risk

Risk is the most important factor while we decide the investment option You cant earn higher rewards without taking more risk Definition of more is undefined it differs from person to person

6 Annuity

Annuity refers to the equated regular cash flows over time Required cash inflows have a grave impact on the investment option chosen

Magic of Compounding

ldquoCompound interest is the eighth wonder of the world He

who understands it earns it hellip he who doesnt hellip pays itrdquo

ndash Albert Einstein

Warren Buffet made his first investment at the age of 11 and he regretted that he was late in making his first investment

Page 11


izfrfcEc

THICAI_JP_50 _YEAR

Compounding refers to paying returns on returns Let us understand this with the help of an example

Case 1) Suppose you Invest Rs 500 per month on 1 Jan till 12 months for the period of 5 years the Interest rate is 10 pa compounded annually

First-month interest will be 600001= Rs 600

Now Since the interest is compounded annually the Principal amount for the 2nd year will be 6600Rs

So the 2nd year interest earned will be Rs 660

Similarly 3rd-year interest Rs 726

Similarly 4th-year interest Rs 7986


Year Principal Interest Total 1 6000 600 6600 2 6600 660 7260 3 7260 726 7986 4 7986 7986 87846 5 87846 87846 966306 Total 366306

More frequently the Interest is compounded higher the returns you get

Investing in the era of PandemicPandemic has given the world a glance of what nobody ever wished or imagined for Unemployment poverty inflation natural disasters and loss of employment have added to the woes of the people

But there is a good side of the lockdown that it has resulted in great saving which would have been not possible without lockdown

Borders of various Countries and Tourist Spots are sealed which has prevented people from spending a hefty amount on Tour amp travels

People have started preferring homemade food over the unhealthy and costly food offered at the restaurants

Marriages function and ceremonies have become a close family affair now including lesser people and saving the unnecessary cost

People are restricted to their homes hence reducing the necessity of clothing

Conveyance and travelling have become unpopular as people are restricted to their homes thereby reducing petrol expenses

In short Pandemic has restricted people to spend only on their necessities and portion of their hard-earned money is saved which they would have spent on their luxuries

Just make an estimate of the savings which you made from March till date and you will realize you have saved a great amount of money Now prepare the blueprint considering the above-mentioned factors and decide where you should invest

Early you Start More you Save

Page 12


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THICAI_JP_50 _YEAR

A Tort and crime Historically tort had its roots in criminal procedure Even today there is a punitive element in some aspects of the rules on damages However tort is a species if civil injury or wrong The distinction between civil and criminal wrongs depends on the nature of the remedy provided by law

A civil wrong is one which gives rise to civil proceedings A civil proceeding concerns with the enforcement of some right claimed by the plaintiff as against the defendant whereas criminal proceedings have for their object the punishment of the defendant for some act of which he is accused Sometimes the same wrong is capable of being made the subject of proceedings of both kinds For example assault libel theft malicious injury to property etc in such cases the wrong doer may be punished criminally and also compelled in a civil action to make compensation or restitution

Not every civil wrong is a tort A civil wrong may be labeled as a tort only where the appropriate remedy for it is an action for unliquidated damages Thus for example public nuisance is not a tort merely because the civil remedy of injunction may be available at the suit of the attorney general but only in those exceptional cases in which a private person may recover damages for loss sustained by him in consequence thereof However it has to be born in mind that a person is liable in tort irrespective of whether or not an action for damages has been given against him The party is liable from the moment he commits the tort Although an action fro damages is an essential mark of tort and its characteristic remedy there may be and often other remedies also

A Difference between crime and tort Being a civil injury tort differs from crime in all respects in which a civil remedy differs from a criminal one

There are certain essential marks of difference between crime and tort they are

Tort is an infringement or privation of private or civil rights belongigng to individuals whereas crime is a breach of public rights and duties which affect the whole community

In tort the wrong doer has to compensate the injured party whereas in crime he is punished by the state in the interest of the society

In tort the action is brought about by the injured party whereas in crime the proceedings are conducted in the name of the state

In tort damages are paid for compensating the injured and in crime it is paid out of the fine which is paid as a part of punishment Thus the primary purpose of awrding compensation in a criminal prosecution is punitive rather than compensatory

The damages in tort are unliquidated and in crime they are liquidated

A Resemblance between crime and tort There is however a similarity between tort and crime at a primary level In criminal law the primary duty not to commit an offence for example murder like any primary duty in tort is in rem and is imposed by law The same set of circumstances will in fact from one point of view constitute a crime and from another point of view a tort

Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR

For example every man has the right that his bodily safety shall be respected Hence in an assault the sufferer is entitled to get damages Also the act of assault is a menace to the society and hence will be punished by the state However where the same wrong is both a crime and a tort its two aspects are not identical Firstly its definition as a crime and a tort may differ and secondly the defences available for both crime and tort may differ The wrong doer may be ordered in a civil action to pay compensation and be also punished criminally by imprisonment or fine If a person publishes a defamatory article about another in a newspaper both a criminal prosecution for libel as well as a civil action claiming damages for the defamatory publication may be taken against him In PRathinam v Union of India the Supreme Court observed In a way there is no distinction between crime and a tort inasmuch as a tort harms an individual whereas a crime is supposed to harm a society But then a society is made of individuals Harm to an individual is ultimately the harm to the society

There was a common law rule that when the tort was also a felony the offender would not be sued in tort unless he has been prosecuted in felony or else a reasonable excuse had to be shown for his non prosecution This rule has not been followed in India and has been abolished in England

B Tort and contract The definition given by PH Winfield clearly brings about the distinction between tort and contract It says Tortuous liability arises from the breach of a duty primarily fixed by law this duty is towards persons generally and its breach is redressible by an action for unliquidated damages A contract is that species of agreement whereby a legal obligation is constituted and defined between the parties to it It is a legal relationship the nature content and consequence of which are determined and defined by the agreement between the parties According to Salmond a contract arises out of the exercise of the autonomous legislative authority entrusted by the law to private persons to declare and define the nature of mutual rights and obligations

At the present day tort and contract are distinguished from one another in that the duties in the former are primarily fixed by law while in the latter they are fixed by the parties themselves Agreement is the basis for all contractual obligations ldquoPeople cannot create tortious liability by agreement Thus I am under a duty not to assault you not to slander you not to trespass upon your land because the law says that I am under such duty and not because I have agreed with you to undertake such duty

Some of the distinctions between tort and contract are given below

A tort is inflicted against or without consent a contract is founded upon consent In tort no privity is needed but it is necessarily implied in a contract

A tort is a violation in rem (right vested in some person and available against the world at large) a breach of contract is an infringement of a right in personam( right available against some determinate person or body)

Motive is often taken into consideration in tort but it is immaterial in a breach of contract

In tort the measure of damages is not strictly limited nor is it capable of being indicated with precision in a breach of contract the measure of damages is generally more or less nearly determined by the stipulations of the parties

In certain cases the same incident may give rise to liability both in contract and in tort For example when a passenger whilst traveling with a ticket is injured owing to the negligence of the railway company the company is liable for a wrong which is both a tort and a breach of a contract The contractual duty may be owed to one person and the duty independent of that contract to another The surgeon who is called by a father to operate his daughter owes a contractual duty to the father to take care

Page 14


izfrfcEc

THICAI_JP_50 _YEAR

If he fails in that duty he is also liable for a tort against the daughter In Austin v GW Railway a woman and her child were traveling in the defendants train and the child was injured by defendants negligence The child was held entitled to recover damages for it had been accepted as passenger

There is a well established doctrine of Privity of Contract under which no one except the parties to it can sue for a breach of it Formerly it was thought that this principle of law of contract also prevented any action being brought under tortuous liability But this fallacy was exploded by the House of Lords in the celebrated case of Donoghue v Stevenson In that case a manufacturer of ginger beer had sold to a retailer ginger beer in a bottle of dark glass The bottle unknown to anyone contained the decomposed remains of a snail which had found its way to the bottle at the factory X purchased the bottle from the retailer and treated the plaintiff a lady friend (the ultimate consumer) to its contents In consequence partly of what she saw and partly of what she had drunk she became very ill She sued the manufacturer for negligence This was of course no contractual duty on the part of the manufacturer towards her but a majority of the House of Lords held that he owed a duty to take care that the bottle did not contain noxious matter and that he was liable if that duty was broken

The judicial committee of the Privy Council affirmed the principle of Donoghues case in Grant v Australian Knitting Mills Ltd Thus contractual liability is completely irrelevant to the existence of liability in tort The same facts may give rise to both

Another discrepancy between contracts and torts is seen in the nature of damages under each In contracts the plaintiff will be claiming liquidated damages whereas in torts he will be claiming unliquidated damages When a person has filed a suit or put a claim for the recovery of a predetermined and fixed sum of money he is said to have claimed liquidated damages On the other hand when he has filed a suit for the realization of such amount as the court in its discretion may award he is deemed to have claimed unliquidated damages

C Tort and Quasi-Contract

Quasi contract cover those situations where a person is held liable to another without any agreement for money or benefit received by him to which the other person is better entitled According to the Orthodox view the judicial basis for the obligation under a quasi contract is the existence of a hypothetical contract which is implied by law But the Radical view is that the obligation in a quasi contract is sui generis and its basis is prevention of unjust enrichment

Quasi contract differs from tort in that

There is no duty owed to persons for the duty to repay money or benefit received unlike tort where there is a duty imposed

In quasi contract the damages recoverable are liquidated damages and not unliquidated damages as in tort

Quasi contracts resembles tort and differs from contracts in one aspect The obligation in quasi contract and in tort is imposed by law and not under any agreement In yet another dimension quasi contract differs from both tort and contract If for example A pays a sum of money by mistake to B in Quasi contract B is under no duty not to accept the money and there is only a secondary duty to return it While in both tort and contract there is a primary duty the breach of which gives rise to remedial duty to pay compensation

Page 15


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THICAI_JP_50 _YEAR

Background As we all know that company is an artificial person created under law with separate

existence but it doesnt have physical body amp mind of its own The directors are the individuals

appointed at higher level to manage business affairs of company Although shareholders being the

owners are physically available but

since they are higher in numbers so all of them together may not be able to manage the business of

co amp if they do so there are high chances of mismanagement Thats the reason the concept of directors

came into existence A director can be executive non-executive or independent director An executive

director takes responsibility for managing different business operation of company in smooth manner

An independent or non- executive director is not responsible for day to day affairs rather heshe

participates through board meetings in discussion relating to policy framing for efficient amp effective

management of companys affairs They are not employee of company amp held liable only if they

knowingly consented to the wrongful act The tax treatment under GST regime of

remunerationemoluments paid to the director will depend upon the relationship with Co amp nature of

service rendered by them

Current Provision in GST Law regarding taxability of director remuneration

As per serial No 6 of the Notification No 132017- Central Tax (Rate) dated 28-06- 2017 issued

under Reverse Charge Mechanism (RCM) service supplied by director of a co or body corporate to said

Co or body corporate shall be taxable under RCM ie company or body corporate is liable to pay GST in

respect of such service

Further according to serial no 1 of schedule III of CGST Act 2017 services provided by employee

to employer in relation to employment are outside the realm of supply hence no GST would be

applicable

In this article an effort has been made to analyzing the various types of director their nature of

engagement in various laws taxability of consideration received by them in respect of services

judgements of the courts etc

Advance ruling by Authority of advance ruling Rajasthan (AAR Rajasthan)

The issue raised by applicant Ms Clay Craft India Pvt Ltd before Rajasthan AAR are as follow

1 Whether GST is payable under RCM on salary paid to director of Co as per contract

2 Whether it would make any difference if such director is also a part time director in any other

company

GST Applicability on Director Remuneration

An Analysis of

Advance Rulings amp CBIC Circular

-CA Abhishek khandelwal

Page 16


izfrfcEc

THICAI_JP_50 _YEAR

Applicants Submission -

Applicant submitted that directors are working as whole time director amp performing their duties as

an employee of the company and for which company is paying regular salary and other allowances as

per company policy amp their employment contract Also TDS on their salary under section 192 of Income

Tax Act 1961 amp PF laws are also applicable In fact these directors are treated at par with any other

employee Hence it is covered under schedule-III amp not liable to pay GST under RCM

Ruling Pronounced by AAR -

AAR held that director is supplier of service and applicant company is recipient of service Hence

consideration paid to directors in any head is against supply of service amp not covered in clause (1) of

schedule-III of CGST as directors are not employee of company Therefore in respect of both the

question raised above company is liable to pay GST under RCM Advance ruling by Authority of

advance ruling Karnataka (AAR Karnataka) The issue raised by applicant Ms Anil Kumar Agarwal

before Karnataka AAR is as follow The applicant is an unregistered person amp receives various types of

income one of them is salary as a director of private limited company whether it will considered in

aggregate turnover for registration purpose

Applicants submission -

Applicant submitted that any type of salary is outside the scope of GST as it is treated neither

supply of goods nor supply of service Therefore salary as a director of private limited company is not

includable in aggregate turnover


AAR held that if the applicant is employee of the company ie executive director then in such case

it is employee-employer relationship amp therefore service supplied by the applicant neither treated

supply of goods nor supply of service in terms of schedule-III of CGST Act 2017 and consequently not


Further if the applicant receives remuneration as non-executive director of company then in such

case remuneration paid by company is liable to GST in the hands of company under RCM under section

9(3) of CGST Act2017 Consequently it is includable in the aggregate turnover of applicant as it is the

value of taxable service supplied by the applicant though tax is paid by company under RCM

My Analysis-

The taxability of director remuneration under GST law should be determined on the basis of

appointment terms copy of agreement between director amp company principle of whether a director is

employee or not details of statutory deduction such as PF ESI and TDS etc It is important to note that

GST law has not defined the terms ldquodirectorrdquo amp ldquoemployeerdquo Hence we have to look towards reference

of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR

Companies Act 2013 Income Tax Act 1961 Other LawsJudgements

Section 2(34) says ldquodirectorrdquo means a director appointed to the Board of a company Section 2(94) says that wholetime director (WTD) includes a director in the whole-time employment of the company Non-executive director is nowhere defined under companies Act but executive director is defined As per rule 2(k) of Companies (Specification of definitions details) Rules 2014 Executive director means a whole time director as defined in clause (94) of section 2 of the Act So from the above definition we can say that WTD will always be executive director amp vice-versa But as we all know that nonexecutive director do not take part in the day to day activities of company they only participate only in board meetings amp work only at a periodic interval on part time basis hence they cannot be treated employee of company Directors are entitled to remuneration for the service rendered by them Section 2(78) says that ldquoRemunerationrdquo means any money or its equivalent given or passed to any person for services rendered by him and includes perquisites as defined under the Income Tax Act 1961 Directors other than WTD or MD are entitled to receive sitting fee for attending the board or committee meetings Even if sitting fee is to paid to WTD or MD it will treated other allowance amp will be subject to managerial remuneration limit prescribed under schedule-V of

Every payment made by employer to employee for service rendered would be chargeable to tax as salary only if there is employer-employee relationship exists between payer amp payee Once the employer-employee relationship established income is to be charged under the head salary irrespective of the fact whether the employee is full time or part time The nature of directorrsquos employment can be determined from Articles of Association (AOA) of company terms of service agreement etc For example if AOA provides power to remove any director if his work is not satisfactory before expiry of his term by passing of extraordinary resolution then such director shall be treated employee of the company If a person performs his duties as per his own discretion and principal only exercise supervisory control in respect of work then such person will not be treated employee and any remuneration fee commission by whatever name called will be chargeable under the head ldquoProfit amp gains from business and professionrdquo and TDS us 194J would be applicable So it can be said that if relationship of master servant exists between company amp director then only director will be treated as an employee

In ESIC vs Apex Engineering SC held that MD is employee of company In ESIC vs Venus Alloy Pvt Ltd SC held that Directors of a company who are receiving remuneration would fall within the definition of employee as per section 2(9) of the ESIC Act In erstwhile service tax regime service rendered by employee to employer in relation to his employment were outside the scope of service tax hence no service tax was levied if remuneration was paid for day to day routine work not for consultancy services In one of the judgement of service tax regime (Allied Blenders and Distillers Pvt Ltd) it was held that company paid remuneration to its WTD for managing routine affairs and also made deduction of PF TDS etc and declared these directors to all statutory authority as an employee of the company Hence remuneration paid to them was treated as salary As per MCA circular 242012 Remunerationfeecommission paid to Non-WTD covered us 309(4) of Companies Act 1956 was liable to service tax as the same was not covered in exemption list So from this circular it can be indirectly said that remunerationfee to WTD will not attract service tax

Page 18


izfrfcEc

THICAI_JP_50 _YEAR

CBIC Circular on clarification of levy of GST on director remuneration

Confusions created by different ndash 2 advance rulings wrt taxability of director remuneration finally

attracted attention of CBIC amp on 10th June 2020 CBIC issued circular in respect of clarification of levy of

GST on director remuneration The crux of circular are

1 If remuneration is paid to independent director under section 149(6) of companies Act 2013 or

directors who are not in employment of company ---gt then taxable in the hands of company under

RCM

2 If remuneration is paid to directors who are also in the employment of company

a Case-I If director remuneration is declared as salary in books of accounts amp subject to TDS us

192 of Income Tax Act 1961---gt then director remuneration will be covered under schedule III

hence not taxable

b Case-II If director remuneration is subject to TDS us 194J of Income Tax Act 1961---gt then

director remuneration will be taxable in the hands of company under RCM

The complete circular can be accessed on

httpswwwcbicgovinresourceshtdocscbecgstCircular_Refund_140_10_2020pdf

Conclusion-

Ruling pronounced by Rajasthan AAR implied that it only took into consideration only notification

issued under RCM amp not evaluated the issue from the view-points cited in other laws

While ruling pronounced by Karnataka AAR seems fair as against the ruling of Rajasthan AAR as it

said that only remuneration paid to non-executive or independent directors will be liable to GST

However later on CBIC issued circular by clarifying the above issue but such contrary rulings by

different state authorities will lead to increased confusion create uncertainty and unnecessary headache

for the taxpayers Suppose a taxpayer is doing business in both Rajasthan amp Karnataka are under

dilemma as to which ruling would be made applicable to them

Such contrary rulings give more credence to the need of creation of national appellate authority for

advance ruling

Disclaimer This article is only for educational purpose amp cannot be used as legal advisory

Page 19


izfrfcEc

THICAI_JP_50 _YEAR

A WHAT IS DOUBLE TAXATION OF INCOME

When the same income is taxed more than once it creates double taxation This may be due to when a person is taxed in more than one country for the same income which he had earned leads to double taxation

Countries have started entering into Double Taxation Avoidance Agreements (DTAA) with other countries toresolve double taxation issue so as to ease out the tax burden of their taxpayers This relief for taxes paid in foreign country is given to taxpayer while taxing the same income in the India is termed as Foreign Tax Credit (FTC)

B HOW DOUBLE TAXATION AVOIDANCE AGREEMENT (DTAA) WORKS In any country the tax is levied based on 1) Source Rule and 2) the Residence RuleThe source rule holds that income is to be taxed in the country in which it originates irrespective of whether the income accrues to a resident or a non-resident whereas the residence rule stipulates that the power to tax should rest with the country in which the taxpayer resides If both rules apply simultaneously to a business entity and it were to suffer tax at both ends the cost of operating on an international scale would become prohibitive and would deter the process of globalization It is from this point of view that Double Taxation Avoidance Agreements (DTAA) becomes very significantWhere the Central Government has entered into an agreement with the Government of any country outside India or specified territory outside India for granting relief of tax or as the case may be avoidance of double taxation then in relation to the assessee to whom such agreement applies the provisions of this Act shall apply to the extent they are more beneficial to that assessee

Lets discuss the impact of Double Taxation Avoidance Agreement

1 WHERE DTAA EXISTS (SECTION 90)There are two methods of granting relief under Double Taxation Avoidance Agreement

i Exemption method ndash A particular income is taxed in one of the both countries and exempted in the other country

For example- For the Income from Dividend Interest royalty and fees for technical services source rule is applicable in

treaty with Greece Libyan and United Arab Republic So for citizen of these 3 countries if the dividend interest royalty

or fees for technical services is arising in India then it will be solely taxable in India only and if for a resident if such

income is arising in any of these 3 countries then the income will solely be taxed in these 3 countries and it will not be at

all taxable in India)

ii Tax Credit method- The income is taxed in both the countries as per the treaty and the country of residence will

allow the tax credit reduction for the tax charged in the country of source

For example- Mr A (an Indian resident) has received salary from a US company for job in US Since Mr A is a resident so his global Income will be taxable In this case source country is US (since the service has been rendered in US) and resident country is India So at the time of computation of tax liability of Mr A the tax paid in US will be allowed as set off against his total tax liability but limited to the tax payable on such foreign income at Indian tax rates

INTERNATIONAL TAXATION

DTAA amp FOREIGN TAX CREDIT

UNDER INCOME TAX

-CA Karan Khanchandani

Page 20


In case where Bilateral agreement has been entered us 90 with a foreign country then the assessee has an option either to be taxed as per the Double Taxation Avoidance Agreement (hereinafter referred as ldquoDTAArdquo) or as per the normal provisions of Income Tax Act 1961 whichever is more beneficial to assessee

For example As per DTAA between Indian and Germany tax on Interest is specified 10 whereas under Income Tax Act 1961 it depends on slab rates for individuals amp HUF and flat rates

(generally 30) for other kind of assessees (like firm company etc) Hence one can follow DTAA and pay tax 10 only

1 WHERE DTAA DOES NOT EXISTS (SECTION 91)

a) If any person who is resident in India in any previous year in respect of income which arose outside India (and which is not deemed to accrue or arise in India) and paid in any country with which there is no agreement under section 90 for the relief or avoidance of double taxation thenhe shall be entitled to the deduction from the tax payable in India

b) Deduction shall be lower of

Tax calculated on such double taxed income at the Indian rates

Tax calculated on such double taxed income at the rate of tax of the said country

Example 1 Suppose Indian Cricketer VIRAT KOHLI resident of India who earns foreign income in form of match fees being professional and dividend income as his other foreign income from the below mentioned countries then in such case following provisions and method shall govern his taxability

Taxability and rates of tax for this example has been discussed on next page

izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method

Professional Fees (Match Fees)

United Kingdom Yes Section 90 Tax Credit

Dividend Income Greece Yes Section 90 Exemption

Method

Professional Fees

(Match Fees) Afghanistan No Section 91 Tax Credit

T h e re fo re D T A A d e te rm in e s w h ic h m e th o d to b e u se d f i r s t a n d i f th e in c o m e is ta x a b le

o n ly in o n e c o u n try th e n e x e m p t io n m e th o d s h a l l b e u s e d b u t i f th e s a m e is ta x a b le in

b o th c o u n tr ie s th e n ta x c re d it m e th o d c o m e s in to p la y

T h e r e fo r e b o th T a x C r e d it m e th o d u s 9 0 a n d S e c t io n 9 1 d e a ls w ith F o r e ig n T a x C r e d it b u t

s t i l l h a v in g D T A A is b e n e f ic ia l b e c a u s e a s s e s s e e is ta x e d a t r a te b e n e f ic ia l to h im w h ic h is

n o t s o in c a s e o f N O D T A A

C HOW CREDIT OF FOREIGN TAX IS AVAILED IN INDIA

Rule 128 governs the credit of taxes paid on income earned in foreign country An assessee shall be eligible to claim credit of foreign tax paid if he complies with provisions stated under Rule 128 of the Income Tax Rules which are discussed as follows1 Analysis of Rule 128 introduced under Indian Income Tax Rules

i Applicability of the rulesThe rules came into force with effect from 142017 applicable only for resident assessee for the amount of foreign taxes paid by him in a foreign country The credit is available only if income corresponding to the taxes is offered for tax or assessed to tax in India during the year in which the credit is claimed

ii In the cases where the income for which the foreign taxes paid or deducted is offered to taxes for more than one year the credit will be given across the years in the same proportion to which the income is offered to tax in India

2 Foreign Tax Credit Defined under sub-rule 2

I FTC in case of DTAA countries Taxes that are covered under the said agreement

ii FTC in case of other countries (No DTAA) Tax payable under the law in force in that country in the nature of income-tax referred in Section 91

Example 2 In the above quoted example of VIRAT KOHLI following shall be his eligible credit of taxes from foreign income as per Rule 128

3 Utilization of Foreign Tax Credit

FTC is eligible for adjustment against the tax surcharge and cess payable underthe IT Act FTC cannot be adjusted against interest fee or penalty payable under the IT Act FTC is not available in case foreign tax or part thereof is disputed by the assesse in any manner

4 Exception amp Conditions relating to Foreign Tax Credits

Credit is allowed in the year in which the income is offeredassessed in India upon the assesse within six months from the end of

the month in which dispute is finally settled and assessee furnishes

Oslash Evidence of settlement of dispute

Oslash Evidence that the liability for payment of such foreign tax has been discharged andOslash Undertaking that no refund in respect of such amount is directly or indirectly been claimed Further credit for each source of income shall be calculated separately for a specific country and then aggregated The rate of exchange to be taken for this purpose is TT buying rate on the last day of the month immediately preceding month in which the tax is paid or deducted

Particulars

Country

DTA

A

Provision Applicable

Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be

available at tax rate covered under

DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL

Not Taxable in Greece

taxable in India only

Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20

Credit shall be lower of

foreign tax and applicable tax rate in India

Page 21


izfrfcEc

THICAI_JP_50 _YEAR

T h e L O W E R O F ta x p a y a b le u n d e r th e a c t o n s u c h in c o m e o r th e fo r e ig n ta x p a id is e l ig ib le

a s F T C H o w e v e r w h ile c o n s id e r in g th e fo r e ig n ta x p a id i t c a n n o t e x c e e d th e a m o u n t a r r iv e d

a s p e r D T A A w ith th a t c o u n tr y

Page 22


izfrfcEc

THICAI_JP_50 _YEAR

5 Documents required under Foreign Tax Credit

a Furnish FORM 67 duly verified and certified by a Chartered Accountant on or before furnishing return of income us 139(1)b Furnishing following certificates or statement specifying

Oslash Nature of income andOslash Amount of Tax paid of which statement given by

middot Tax authority of that country or

middot Person responsible for deduction of such tax ormiddot Signed by the assesse

In this case it should be accompanied with ndash an acknowledgment of online payment or receipt or bank counterfoil for proof of payment of tax if tax is paid by the assesse

Oslash In case of tax deduction proof of such Tax deducted at source

D JUDICIAL PRECEDENTS UNDER FOREIGN TAX CREDIT

1 WIPRO LIMITED F TS ndash 565 ndash HC ndash 2015 (KAR)The judgment of WIPRO provides that merely because the taxpayers income is exempt

from tax due to a limited tax holiday provided under the ITA does not mean that foreign tax credit can be simply denied

2 TATA SONS [2011] 43 SOT 27 (MUM AT)Though DTAA with USA provides credit only the tax paid with the Federal Government credit was extended to the Taxes paid to State taxes as well It has considered the relief us 91 which was beneficial to the assesse than that of the DTAA

3 VIJAY ELECTRICALS [2015] 54 COM 19 (HYD AT)Tax credit is available even if the same is not deposited with the overseas Government in the year in which the income is taxable

Page 23


izfrfcEc

THICAI_JP_50 _YEAR

Permanent establishment is of a prime significance in International tax Article 5 and 7 of DTAAs

lays down compulsory conditions that business profits shall only be taxable in the source state only if

there is a PE therein Does this mean that if there is no PE then no tax liability In Prithvi Information

Systems Ltd v ITO (2014) it was held that where foreign companies had no PE or business connection

in India payments made to them in foreign country was not taxable in India Also In Solid works

Corpn (2010) it was held where assessee

a US based company entered into agreements with distributors in India for marketing software and software was being sold

to the customers for their personal use without transfer of any copyright trademark or patent etc payment received for supply

of software was business income and since assessee did not have a PE in India it would not be taxable in India as per Article 7 of

the DTAA

Section 5 of the Income Tax act (ldquoActrdquo) specifies the scope of income which is to be included while computing total income of

the assessee It clearly covers the incomes which accrues or arises or is deemed to accrue or arise to the assessee in India during

such year Interestingly incomes accrue or arising in India are covered in section 9 of the act Section 9(1)(i) talks about business

connection therein which is to be established before even bringing the income accruing or arising to a non-residentforeign

company However Explanation 2 states that business connection shall include any business activity carried out through a

person who acting on behalf of the non-resident mdash

(a) has and habitually exercises in India an authority to conclude contracts on behalf of the non-resident or habitually

concludes contracts or habitually plays the principal role leading to conclusion of contracts by that non-resident and the

contracts aremdash

(i) in the name of the non-resident or

(ii) for the transfer of the ownership of or for the granting of the right to use property owned by that non-resident or that non-

resident has the right to use or

(iii) for the provision of services by the non-resident or

(b) has no such authority but habitually maintains in India a stock of goods or merchandise from which he regularly delivers

goods or merchandise on behalf of the non-resident or

(c) habitually secures orders in India mainly or wholly for the non-resident or for that non-resident and other non-residents

controlling controlled by or subject to the same common control as that non-resident

It is to be noted that the agent need not necessarily be an agent to constitute business connection business connection can be

with a person other than an agent The requirement under the act is that the person in India who is being treated as an agent

should have such business connection (Srinivasa Sea Foods Ltd V ITO)

In the case of Gutal Trading Est (2005) it was clearly held that business connection means that a real intimate and continued

relationship must exist between the activities carried on outside India by a foreign company and activities within India Also in

ABC Ltd (2007) general business operations which have no economic nexus to income would not satisfy requirements of section

9(1)(I) rights and obligations under agreement cannot be taken as proof of existence of business connection Business connection

must exist between a non-resident and an Indian resident which is responsible for giving rise to activities which yield income or

profit to a non-resident

Another crucial factor is territorial nexus that in order to constitute a business connection of a non-resident it is necessary that

some sort of business activity must be done by non-resident in taxable territory of India Once the business connection is

established the income becomes taxable under the act However Article 5 and 7 to be looked through and the act or DTAA

whichever is more beneficial shall be considered It is imperative to note that once PE is established income attribution to the

India sourced operations shall be taxable at the rate of 40 (FA 2020) as increased by applicable surcharge

Thank you for the read

Taxability of Foreign entity

Overview of International Tax -CA Yeeshu Sehgal

Page 24


izfrfcEc

THICAI_JP_50 _YEAR

Recently measures have been taken by the government to reduce and settle the pending

income tax litigations by introduction of Vivad se Vishwas (VsV) scheme through budget thannouncement notifying it as an Act on 17 March 2020 and thereafter rules regarding the

scheme were also notified

This scheme aims to benefit both the Government by generating timely revenue and the taxpayers who shall after

opting for the scheme shall be relieved from the burden of various dues like interest or penalties depending upon case

to case basis

I ABOUT THE ACT

The Scheme revolves around discharging the pending cases of Income Tax pending in various litigation

forums and thereby offering an opportunity to the taxpayers to pay disputed tax to the government and be

relieved from all other consequences

The provisions of the Act are applicable to disputes which are pending in the following cases as on specified

date ie 31st January 2020 irrespective of whether demand in such cases has been paid or not

(A) in a case where any appeal writ petition or special leave petition is pending before the appellate forum

ie Commissioner (Appeals) Income tax Appellate Tribunal High Court or Supreme Court

(B) in a case where an order in an appeal or in writ petition has been passed by the appellate forum and the

time for filing appeal or special leave petition against such order has not expired as on 31012020

(C) in a case where the order has been passed by the Assessing Officer on or before the specified date and the

time for filing appeal against such order has not expired as on that date

(D) in a case where objection filed by the appellant is pending before the Dispute Resolution Panel under

section 144C of the Income-tax Act as on the specified date

(E) in a case where Dispute Resolution Panel has issued any direction under sub-section (5) of section 144C of

the Income-tax Act and the Assessing Officer has not passed the order under sub-section (13) of that section on

or before the specified date

(F) in a case where an application for revision under section 264 of the Income-tax Act is pending as on the

specified date the amount of tax payable by the appellant if such application for revision was not to be

accepted

Further the pending appeal may be

against disputed tax interest or penalty in relation to an assessment or reassessment order or

against disputed interest disputed penalties where there is no disputed tax or

against the tax determined on defaults in respect of tax deducted at source or tax collected at source

ldquoVivad Se Vishwasrdquo

Settlement of Disputes under

Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR

Note 1 Restriction of amount payable to 50 of the above in the following cases (Proviso to Section 3 of the Act)

a Appeal or writ petition or special leave petition is filed by the Income Tax Authority on any issue before

the appellate forum

b Issue is a covered matter in subsequent year

Appeal filed before the Commissioner (Appeals) or objections filed before the Dispute Resolution Panel by the

appellant on which decision was given in his favor by the Income Tax Appellate Tribunal (where the decision on such

issue is not reversed by the High Court or the Supreme Court) or the High Court (where the decision on such issue is

not reversed by the Supreme Court)

Appeal is filed by the appellant on any issue before the Income Tax Appellate Tribunal on which decision was given in

his favor by the High Court (where the decision on such issue is not reversed by the Supreme Court)

Note 2 Refund of excess tax paid by taxpayer over the amount payable under the Scheme shall be granted back to the

assessee

SNo

Nature of tax arrear

Amount payable under

this Act if declaration

made till 31032020

(Extended to 31122020

due to COVID-19

lockdown)

Amount payable under this Act

if declaration made after

31032020 (Extended to

31122020 due to COVID-19

lockdown)

1

Aggregate amount of

disputed tax interest

and penalty

Amount of disputed tax 110 of Disputed Tax

Penalty and interest would be

waived off

(However when 10 of disputed

tax exceeds the aggregate of

interest and penalty the excess

shall be ignored)

2

Aggregate amount of


and penalty

determined in search

cases us 132 or 132A

of Income Tax Act

125 of the disputed tax

(However when 25 of

disputed tax exceeds the

aggregate of interest and

penalty the excess shall be

ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed

interest or disputed

penalty or disputed

fee

25 of disputed interest

penalty or fee

Balance 75 would be

waived of

30 of disputed interest penalty

or fee

Balance 70 would be waived

off

The amount payable by the declarant as per Section 3 under this Act shall be as under

Page 26


izfrfcEc

THICAI_JP_50 _YEAR

(iii) in case of any person in respect of whom prosecution for any offence punishable under the provisions

of the Indian Penal Code or some other acts or for the purpose of enforcement of any civil liability has been

instituted on or before the filing of the declaration or such person has been convicted of any such offence

punishable under any of those Acts etc

(iv) to any person notified under section 3 of the Special Court (Trial of Offences Relating to Transactions

in Securities) Act 1992 on or before the filing of declaration

IV PROCEDURAL CONCEPTS UNDER VIVAD SE VISHWAS

(i) The declaration under this scheme shall

be filed by the declarant before the

designated authority in Form-1 to the

designated authority ie officer not below

the rank of a CIT of Income-tax notified by

the PCIT for such purposes

(ii) The declarant shall also furnish an undertaking in Form-2 for waiving his right to seek or pursue any

remedy or any claim in relation to the tax arrears which may otherwise be available to him

(iii) The Form-1 and Form-2 referred to in rule 3 and Form-4 referred to in rule 5 shall be furnished

electronically under digital signature if the return of income is required to be furnished under digital signature

and in other cases through electronic verification code

(iv) The designated authority shall grant a certificate to the declarant in Form-3

(v) The declarant will have to pay the amount so determined within 15 days of receipt of such certificate and

declarant shall intimate details of such payment to the designated authority in the Form-4 along with proof of

withdrawal of appeal objection application writ petition special leave petition

(vi) Thereupon the designated authority shall pass an order under Form-5 stating that the declarant has paid

the amount payable as per the certificate granted

V CLARIFICATIONS ISSUED BY CBDT

(I) Vivad-se-Vishwas settlement is not available for the disputes pending before Authority of Advance Ruling

(AAR) However where order has been passed by AAR and writ against such order is pending in High Court the

appellant would be eligible to apply for the Vivad se Vishwas settlement

(ii) If assessment has been set aside by appellate authority to assessing officer for giving proper opportunity or

to carry out fresh examination with specific direction the assesse would be eligible to avail the Vivad se Vishwas

scheme

(iii) If there is reduction or increase in the income and tax liability as a result of rectification then the disputed tax

in such cases would be calculated after giving effect to the rectification order passed

(iv) Where a writ has been filed against notice issued under section 148 then assessee would not be eligible for

Vivad se Vishwas as there is no determination of income against the said notice

VI CERTAIN ISSUES amp CLARIFICATIONS UNDER THE ACT

(I) Consider the case where the appellate order is in favor of the assessee and assessee is of the view that st

department may go in appeal after 31 January 2020 can the assessee take shelter of this Act

Yes in such cases appeal shall be assumed to be filed by the department and the first proviso to section 3 shall

come into picture Hence the amount payable shall be one-half of the amount payable under the act

Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax

Appeals pending as on 31012020 Amount of Tax payable if such appeal was to be decided

in favor of revenue

Where an order in appeal has been passed on or before 31012020

and time for filing further appeal has not expired as on 31012020

Amount of tax payable after giving effect to the order so

passed

Where an order in original has been passed by Assessing officer on or

before 31012020 and time for filing a ppeal has not expired as on

31012020

Amount of tax payable in accordance with such order

Where objection filed is pending before Dispute Resolution Panel

(DRP) us 144C as on 31012020

Amount of tax payable if the DRP was to confirm the

variations proposed in the draft order

Where DRP has issued any direction us 144C(5) and the AO has not

passed final order as on 31012020

Amount of tax payable as per the assessment order to be

passed by the Assessing Officer

Where an application for revision under section 264 is pending as on

the 31012020

Amount of tax payable if such application for revision

was not to be accepted

II IMPORTANT CONCEPTS UNDER VIVAD SE VISHWAS

(i) Meaning of ldquoDisputed Taxrdquo [Section 2(1)(j)]

Amount of Tax Payable= Income Tax + Surcharge + Cess

(i) Where Commissioner (Appeals) has issued notice of enhancement under section 251 of the Income-tax

Act on or before 31012020 the disputed tax shall be increased by the amount of such enhancement

(ii) In a case where the dispute relates to reduction of MAT AMT Credit or reduction of any loss or

depreciation the appellant shall have an option either to include the amount of tax related to such MATAMT

credit or loss or depreciation in the amount of disputed tax or to carry forward the reduced tax credit or loss or

depreciation in prescribed manner

III NON APPLICABILITY OF VIVAD-SE-VISHWAS ACT 2020 [SECTION 9]

(i) in respect of tax arrearsmdash

a relating to an assessment year in respect of which an assessment has been made

[143(3)144153A153C] on the basis of search initiated us 132132A if the amount of disputed

tax exceeds Rs 5 Crore

b relating to an assessment year in respect of which prosecution has been instituted on or before

the date of filing of declaration

c relating to any undisclosed income from a source located outside India or undisclosed asset

located outside India

d relating to an assessment or reassessment made on the basis of information received under an

agreement referred to in section 90 or section 90A of the Income-tax Act

(ii) To any person on whom prosecution for any offence punishable under Unlawful Activities

(Prevention) Act 1967 the Narcotic Drugs and Psychotropic Substances Act 1985 the Prevention of Corruption

Act 1988 the Prevention of Money Laundering Act 2002 the Prohibition of Benami Property Transactions Act

1988 has been instituted on or before the filing of the declaration or such person has been convicted of any such

offence punishable under any of those Acts

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For instance Addition to the returned income and the tax payable as assessed by AO amounted to be INR 1000 and

INR 300 respectively The said addition is reversed by the CIT(A) as on 30 January 2020 Further the assessee stcontemplates that revenue shall file an appeal after 31 January for the said order of CIT(A)

The recourse available with the assessee is to pay an amount of INR 150 (50 of tax payable) under the Act and the

proceedings shall abate

(ii) What options are available where dispute relates to reduction of losses or unabsorbed depreciation

Option 1 ndash Pay notional tax on amount by which the loss is reduced and carry forward the full amount of loss

ignoring such reduction

Option 2 ndash No payment to be made but the carry forward loss is restricted to the loss so assessed

For instance refer the following situation

Particulars Amount

Income(Loss) as per ROI (1000)

Assessed income(loss) as per AO (600)

Addition 400

If taxpayer opts for VsV Option 1 Option 2

Notional tax payable on the amount by which loss is reduced 120 (40030) -

Amount payable under VsV Act 240 -

Loss carry forward to year 2 1000 600

Note It is pertinent to note that if an assessee opts for option 2 ie reduced loss to be carried forward there exist

chances that the losses have already been utilized in the subsequent year relevant to Assessment year Therefore

option 1 is good-to-go in cases where the losses have been set off in subsequent years

(i) Where an appellant desires to settle appeal for concealment of penalty pending before CIT(A) while

continuing to litigate quantum appeal that has travelled to higher appellate forum Since both of these are

separate appeals whether the appellant can settle one to the exclusion of others

If both the appeals ie quantum appeal and penalty appeal are pending the declarant is required to pay

disputed tax only Further an appellant cannot apply for settlement of penalty appeal only when appeal

on disputed tax linked to such penalty is pending

(ii) Whether appeals against penalty on late furnishing of TDSTCS return (Section 234E) amp Income Tax

Return (Section 234F) are covered

If appeal is pending against the disputed fee the appellant is eligible for declaration and shall be liable to

pay 25 or 35 of the disputed fee as the case may be However if fee imposed pertains to a year in which

there is disputed tax the settlement of disputed tax shall not settle the disputed fee assessee has to settle it

separately by paying 25 or 35 of the disputed fee as the case may be

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Bitcoin (synonymous for cryptocurrencies) is something that needs no introduction A few years back the idea that cryptocurrencies would become mainstream seemed like a far-fetched thought

Even after its boom it was speculated that this was a one off incident and the lack of regulatory framework would see it fade away at least for the foreseeable future But as Im writing this Bitcoin values continue to surge while governments are crippling trying to deal with Covid-19 and global economic slowdown is imminent

Cryptocurrencies have been marred by controversies in India for years The first incident can be traced back to 2013 when the deputy governor of RBI Mr KC Chakrabarty stated that they do not understand the subject and warned general public against dealing in cryptocurrencies RBIs stance has been the same ever since They believe that crypto would pose a threat to economic stability and thus they have been issuing directions and warnings to banks prohibiting activities in crypto

Despite RBI warnings crypto market in India was on the rise through crypto exchanges and off market transactions In March 2018 Supreme Court of India passed a verdict rejecting RBIs ban on crypto and that created a paradigm shift in favour of cryptocurrencies

Even though there is still no regulatory framework in place public acceptance is increasing rapidly crypto trading volumes are reaching unprecedented levels and if things continue to go this way we might be on the road to become the hub of the global crypto ecosystem For that to become a reality there is a need to put a risk based regulatory system in place so as to monitor and control crypto exchanges

Indian tech giant TCS recently entered this space with the launch of Quartz a product designed to assist financial institutions in providing crypto services to their customers Indian crypto exchange CoinDCX has introduced crypto staking to Indian markets where users can stake cryptocurrencies for rewards There are many such developments taking place every day that further substantiate how cryptocurrency is making quick strides towards widespread public acceptance

If latest media reports are to be believed government departments along with RBI are working on implementing a blanket ban on crypto due to the risks involved While their concerns are legitimate a blanket ban is not the solution We are possibly on the brink of a technological revolution and the need of the hour is to implement a transparent framework so that crypto is not used for black market operations or other illegitimate activities India as a country also needs to work on data security and cyber security policies so as to smoothen the road for crypto ahead A proactive and vigilant approach right now can change our future

Cryptocurrencies in India

Journey so far and what lies ahead

-CA Abhinav Sekhri

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अभी ऐसी रपोटस आ रही ह िक िबग4 फ िजनम लगभग सीए जॉब कर रह ह उनम स लगभग सीए की छटनी होगी नई हायरग ब हो गई अभी नवर 2019 क पास आउट क िडडटस क समट हो गए थ उनक अपॉइटमट नही हो रह पीएसय भी कछ समय क िलए हायरग रोक दग बड़ कॉरपोरट ारा भी छटनी की रपोटस आन लगी ह जयपर क ही बक AU स एक ितहाई सीए की छटनी की रपोट आ रही ह ऐस म ोफ़शन का सवाइवल कस होगा यह एक गीर व िवचारणीय मा ह कोिवड19 सण मानव जाित पर आया आज तक का सबस बड़ा सकट ह जो सम भौगोिलक सीमाए लाघकर आया ह लिकन िवनाश क खहरो म कोपल फटती ह हर ासदी क बाद नवयौवन अगड़ाई लता ह य क बाद एक िदन तोप की नाल म िचिड़या अपना घोसला जर बनाती ह

ऐस म म सोचता स म अितर भार आएगा नए डटस िजनको नॉकरया नही िमली व स म आएग जो िबग4 स बरोजगार होग व स म आएग बड़ कॉरपोरटस स बरोजगार होग व भी स म आएग इस तरह स ोफशन म करीब 25 अितर वक फोस आएगी जस जयपर म 8000 िसग सीए ह तो पो कोिवड19 व 10 हजार हो जाएग बाजार म कोिवड19 कई वजह स जयपर या राजथान म करीब 10काम ओवरआल कम हो जाएगा इस कार मोट तौर पर ोफशनल की साई िडमाड क अनपात म 35 बढ़ जाएगी

ऐस म दो पदा होत ह-

पहला-एग सनस का सवाइवल कस होगा ोथ कस होगी

दसरा- नए एट स का सवाइवल कस होगा

नए एट स म दो कटगरी होगी-

पहली शर- शस क स मॉडल -

कभी कभी जान अनजान एक िटणी सनन को िमल जाती ह हम पहल स ही सरस ह य नए एट स और आ गए हम ा खाएग ा कर ग माक ट म काम पहल स कम ह कोिवड19 स और कम हो जाएगा बचपन म मरी दादी कहती थी बटा ईर न हम एक मह और दो हाथ िदए ह अथात पषाथ करन क िलए जो हाथ िदए ह उनको अगर हम काम म लग तो भख नही मर ग

वही कहावत हमार ोफशन पर लाग होती ह जो नए एट स आ रह ह व लायिबिलटी नही ह व एसट ह व हमस बहतर महनत करक आए ह व मीलिनयल ह नए एट स व शस आत रहग तभी हमारा ोफशन जवा रहगा व टोलॉजी म हमस बहतर ह उनक सपन उनकी सोच महाकाा हमस आग ह

अगर िकसी को जरा भी डाउट हो तो गगल करक इनकी कल उ दख ल िजोन इस िव पटल पर िसफ 20-20 मच खला और इतन रन बनाकर चल गए जो 5ड मच म 5 िदन बिटग करक भी नही बना पाए

1 िववकानद जी महान आक कल उ 40 वष

2 भगत िसह महान िचक व ाितकारी कल उ 23 वष

3 नपोिलयन बोनापाट महान स शासक कल उ 52 वष

4 िसकर महान योा कल उ 33 वष

5 जॉन कीटस महान किव कल 26 वष

6 शली महान किव कल उ 30 वष

कोिवड-19 क बाद नए सीए क जॉब की थित

टअवसरएग का सवाइवल

आउटसोिसगवक ॉम होम

-सीए रघवीर पिनया

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7सी एल झवर साहब महान सीए कल उ 62 वष

8 फल महत अपन दम पर ममी 33 वष म

9 ममता बनज अपन दम पर ससद 29 वष म

10मलाला यसफजई पािकान मआतकवाद को चनोती महज16 साल की उ म नोबल ाइज (आज 22 साल की)

11ऐनी क जमन डायरी लखक कल उ 16 वष

य कछ उदाहरण ह िजनका नाम आत ही हम लगता ह की इोन बत ही ली पारी खली ह ो

ोिक इोन इतजार नही िकया अपन अनभव का इोन िचतन िकया एक िदशा तय की एक रॉडमप तयार िकया और चल पड़ कतपथ पर दसरो क अनभवो का लाभ िलया अ आवर थ भिव ा थ यही बात म यथ स कहना चाह रहा िक व भी अगर ािनग स जोश क साथ होश रखत ए ल व महनत स काम कर ग दसरो क अनभवो का लाभ लग तो बत जी ही ोफशन म थािपत हो जाएगप

स म थािपत होन क िलए य चार-पाच म ह िजनका जाप रोजाना करना पड़गा िजतना जाप करत जाएग उतना फल िमलता जाएगा

1 अपडट ोफशनल नॉलज 5 सोसल नटवक

2 अनभव 6 िडिजटल उपथित

3अवसर को पहचानना व ब करना 7िवभागीय कायणाली व हयमन सायकोलोजी की समझ

4 ोफशनल नटवक 8 पसनिलटी डवलपमट व सॉ ल

1 अपडट ोफशनल नॉलज- जो ादा डरग ह िजनकी र apetite थोड़ी ादा ह व शआत म ही अपनी स का कोर एरया सल कर जो एक स ादा भी हो सकत ह-

इनकम ट ट ऑिडट

इटरनशनल टशन

जीएसटी

इटरनल ऑिडट

मनजमट कससी

ऑिडट

आरओसी कॉरपोरट लॉ

NCLT IBC

FEMA

ोज फाइनिसग

कोर एरया इड ी िसिफक भी हो सकता ह जस-

रयल एट( इनकम ट जीएसटी एीमट ड ाग कॉ जीएसटी consumer रिज शन ा टी बनामी सभी)

ट

एपोटर

फ़ड ोसिसग इड ी

मीिडया व एटरटनमट आिद

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अगर आपन कोई कोर एरया decide कर िलया ह तो अपन फी की इन डथ डी चािहए 100 कमाड होना चािहए अपन स पर जीरो टॉलर नो कोोमाईज़ जनरल विक ग नॉलज व अवरनस दसर फीस की भी होनी चािहए

अगर आप यह तय करत ह िक शआत म सभी काम कर ग जो भी काम िमल जाए तो थोड़ा-थोड़ा हर स को पढ़त रहो िजस नचर का वक आना श हो जाए उस फी का वटज बढ़ा दो

2 अनभव -

(A) अनभव क िबना ान उस हिथयार क समान ह जो आपक पास ह तो सही लिकन चलाना नही आता इसिलए नॉलज क साथ आपका अनभव व ोफशनल नटवक बनाओ इस क िलए आप दो-तीन मॉडल अपना सकत हो आप एक िकसी सीिनयर ोफशनल स टाई-अप कर सकत हो अनभव क िलए आप एक स ादा ोफशनल स भी टाई-अप कर सकत हो

इस टाई-अप म दो तीन बातो का ान रखना ह जस आप टशन म इटर रखत ह तो आप टशन क काम वाला ोफशनल सल कर

उदाहरण -

(I) अविध जब आप िबना पारिमक क काम सीखत ह- अगर आपका कॉडस थोड़ा कम ह आिटकलिशप म कम काम िकया ह या अपन नरल को तराशना चाहत ह तो कम स कम एक साल काम कर िमिनमम ोिक एक साल म हर तरह क काम का साईकल परा होगा जस गम सद वषा बसत सभी का ट

दसर एक साल स कम रहग तो सीिनयर का भी कोई इटर िएट नही होगा आपको िसखान म ोिक सीखान म समय इमट होता ह वो तभी करगा जब थोड़ा बत उसको भी रटन िमलगा

(ii) अविध with remuneration- लिकन मरी राय म एक शर को कम स कम 3 साल स 5 साल एक जगह रहना चािहए उसक बाद उसको उसी फम म पाटरिशप िमलन की सभावना होती ह ोिक 5 साल म आपका एायर आपका आिद हो चका होता ह उसको भी एपरमट का कोई शौक नही होता दोनो ही िवन-िवन की थित म होत ह

जॉइिनग क समय 5 साल बत लबा समय होता ह लिकन स क मामल म 5 साल बत बड़ा समय नही ह म हवाई बात नही करना चाहता रीयिलक बात कर रहा

(iii) अपन आिटकलिशप म जीएसटी का काम नही सीखा अब आपन तय िकया िक जीएसटी का काम सीखना ह तो सबस पहल आपको जीएसटी का रिज शन जीएसटी की रटन फाइिलग जीएसटी ऑिडट ाइट क FAQ व कछ िसक इड ी स रलटड लॉ जस ट ासपोटर या एपोटर NGO आिद

(iv) मान लीिजए आपन जीएसटी का कायस वक आिटकलिशप म अ स सीख िलया ह अब आप िलिटगशनशो कॉज क राईअपी ओिपिनयन ड ाग सीखना चाहत ह तो आपको िलिटगशन का काम करन वाल सीिनयर को चनना होगा

(v) सीिनयर का चनाव कस कर - अगर आपको पस की जरत कम ह तो आप सीिनयर स कह सर मझ काम सीखना ह पमट जो मज हो उतना द दो लिकन आप करीब दो घ आपक य क िलए माग लो इस दो घ म आप अपनी सोसल नटविक ग+ोफशनल नटविक ग कर िजतनी दर आप ऑिफस म रह उतनी दर अ स मन लगाकर काम कर काम म ा ान रख-

a इटीिटीb काफीडशिलटीc रािसिबिलटी व एकाउटिबिलटीd छी न कर e टा को िदए गए समय म परा करf अपन आप को डट समझg respect ओबिडएसीयh strong ऑवi पोलाइट and लनस

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(vi)आपकी परफॉमस दखकर आपको ाइपड भी िमलन लग जाएगा हो सकता ह सीिनयर आपको कोई रटनरिशप भी िदला द ोिक यह सब तभी सव ह जब आपकी विक ग सिटसफकट ी हो आपकी किम ी मच हो रही हो

(vii) हो सकता ह एक साल या दो साल बाद आपको सीिनयर की तरफ स कोई अा offer भी िमल जाए

(viii) अगर आप टक savy ह और अपनी ोफशनल व सोसल नटविक ग क िलए सीिनयर को रगलर जॉइन करन की बजाय आप वक ॉम होम क मॉडल पर भी काम कर सकत हो आिफस आन जान का समय बचगा

(ix) अगर आपको पस की जरत ादा ह तो आप िकसी ोफशनल क यहा फल टाइम जॉब करो ान यह रखना ह िक अगर आपका िकसी फी म िसिफक इटर हो तो उस फी का काम हो या आपको आल राउडर बनना ह तो सभी तरह का काम हो

जॉइिनग क समय पस की तरफ मत दखना लिकन ोफशनल एायर स यह कह िक एक साल बाद सलरी redecide करनी ह परफॉमस दखकर एक साल सभी तरह क काम का साईकल परा हो जाएगा अगर आपन ल व महनत स काम िकया होगा तो आपका remuneration तः ही बढ़ जाएगा अगर िकसी कारण व नही बढ़ा पात तो चज का ऑशन ह

(B)अनभव का दसरा मॉडल यह ह िजनकी र लन की कपिसटी ह और जो आिफस क खच afford कर सकत ह व शआत स ही अपना आिफस खोल सकत ह और दो-तीन घ िकसी सीिनयर क साथ काम करक अनभव ल सकत ह र bearing कपिसटी और भी ादा ह तो िहट एड ट ायल करक भी सीख सकत ह तो िबना अनभव क अपन बल बत पर भी स श कर सकत ह एकल भी बन सकत ह यह मॉडल मल ह उसक िलए तयार रह

(C) एक तीसरा मॉडल भी ह जो आजकल काफी चल रहा ह िक दो-तीन-चार दो िमलकर स श करत ह िकसी का िफनािसयल बकाउड ाग होता ह हो सकता ह िकसी क पर टस न पहल स आिफस खरीद क रख रखा हो िकसी क समाज म काट ादा ह कोई िकसी एक स का एपट ह कोई दसर स का एपट ह

समह म काम करन की वजह स आपसी इमोशनल सपोट व आिटकलिशप क अनभव व अल िडसन स अनभव को रस कर लत ह

3अवसर को पहचानना व ब करना-

हर समय कोई न कोई छोट-बड़ अवसर िवमान होत ह िजन पर एग थािपत ोफ़शन की नजर नही होती िजनम कछ उदाहरण म द रहा इन अवसरो को कस डी की तरह म अलग स शनर सीएज का शआती सघष शीषक स एक सीरीज क प म िलख रहा िजसम उन सफल ोफ़शन न िकस तरह स अवसर को पहचाना और ब िकया कस सफलता की ओर बढ़

(I) एक दौर म वासी राजथािनयो की नाथ ई की इसरजिस की वजह स घर वापसी हो रही थी नए ोज लग रह थ उस दौर म ोज का काम करन वालो क िलए RIICO RFC ROC तीथ थ

(ii) कोटपतली-नीम का थाना म िमनी सीमट ाट लग(iii) इनकम ट म 24 व 16 की ीम क तहत below टबल वालो को फॉम 2C फाइिलग की अिनवायता की िजसस ट बस ापक आ नए फाइलर स िवोटक गित स बढ़

(iii) 1992 93 म जयपर म दग ए insurance कनीज को मानवीय आधार पर तर म दन थ हर सवयर डर क मार सव करन जात नही थ जो डरग थ उोन क पास लकर िनडर होकर क क दौरान सव िकया मानवता की सवा भी ई अवसर भी ब आ insurance कनी क बर व म जोखम लकर काम िकया तो भिव म काम की कभी कोई कमी नही रही

(iv) िभवाड़ी नया इड यल एरया िवकिसत हो रहा था सिवधाए नही थी लिकन अवसर था

(v) जब स ट स वट आया

(vi) जीएसटी जीएसटी िलिटगशन जो सबको दीख रहा ह

(vi) NCLTIBC

(vii) बनामी लॉ

(viii) ट ऑिडट क बाद ट िलिटगशन म सीएज की दखल बढ़ना

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(ix) कोिचग शन एक दौर म सीए ज की कोिचग इड ी सवाब प थी कना कीिजए िक सबस पहल िजोन इसको भाप िलया ग क प म लोगो न मार कहा परवाह नही की

(x) वतमान कोिचग इड ी का प बदल रहा ह पो कोिवड-19 नए वर क साथ आएगी यानी ऑनलाइनइसी तरह आज भी अस नए अवसर िवमान ह हम उ पहचानना होगा िफर पकड़ना होगा ोिक अवसर मह ढककर आता ह इसिलए पहचानना मल ह पख लगाकर आता ह तर नही पकड़ोग तो उड़ जाएगा िफर हाथ नही आएगा

4 ोफशनल नटवक -

जब आपको समय िमल तो ोफ़शन स िमलत रह इट एसोिसएशन की मीिट का स सिमनारविबनार अटड कर ोाम म दसर मबस स पहल पच तो आपको 5-10 िमिनट नटविक ग बातचीत क िलए िमलगआखरी म भी 5-10 िमिनट नटविक ग बातचीत क िलए इ कर हर मीिटग म कम स कम 2 नए ोफशनल क साथ नर एचज कर धीर धीर ोफशन म दसर मबस जानन लग जाएग काड एचज कर उनको बताए िक आप ा ा काम करत ह एक-दो मीिटग क बाद उनको यह कहन स भी नही िहचिकचाए की कोई ए ा वक हो जो व नही करत ह या नही कर पा रह ह तो आप हम एक बार आउटसोस करक दख अगर आपका नचर बहवीयर पसद आता ह और व आपकी कपिसटी क बार म आ हो जात ह तो अ ोफशन स भी काम िमलना श हो जाएगा हालािक यह धीमी िया ह ोिक यह परा खल फथ िबग का ह

5 सोसल नटवक -

सीिनयर स जो दो घ का समय आपन आपक िलए रखा ह उसम रोजाना कम स कम एक िकसी जान पहचान वाल स िमल उनस िविजिटग काड एचज कर बातचीत कर काम न माग काम मागन क अलावा सब बात कर उ बातो ही बातो म य भी बता द िक आप िकस िकस नचर का काम करत हइन िदनो कर रह ह इसक िलए हम जजमटल न हो िक कौन काम दगा या नही दगा अर ऐसा होता ह जहा स अपा होती ह वहा स काम नही िमलता जहा स अपा होती ह वहा स नही िमलता िजस िदन उनको या उनक िमलन वाल को सीए स सिधत कोई काम पड़गा या नया काम होगा तो उनको आपकी याद आएगी और काम िमलना या रफरस िमलना श हो जाएगा

6 सोसल मीिडया पर उपथित-

सोसल मीिडया पर एकाउट बनाए वबसाइट बनाए य पो िलख दसरी ोफशनल पो िज आप पसद करत ह उनको शयर कर सोसाइटी म अवरनस फलाए

िकसी को ठस पच ोफशन की गरमा को ठस पच ऐसी पो स बच न तो य ऐसी पो िलख न शयर कर न लाइक कर िजस पो क सोस या ऑथिटिसटी क बार म आ न हो उस पो को लाइक शयर न कर

सबस पहल क चर म जान अनजान म फक पो क वाहक न बन आपकी रपटशन क साथ साथ ोफशन की रपटशन भी जड़ी ह हम पर समाज आख मदकर िवास करता ह हमको ऑथॉरटी मानता ह

7िवभागीय कायणाली व हयमन सायकोलोजी की समझ-

िजस िवभाग म डील करत ह जस इनकम ट जीएसटी Roc ITAT NCLTDGFT वहा की परपरा क ोसजर को समझ सत अिधकारयो व कमचारयो की काट िडटल रख उनक नाम पता होन चािहए

ोज ऑरवशन रख िजसस धीर धीर हयमन सायकोलोजी की समझ बढ़ाए कॉज इफ़ रलशनिशप की समझ बढ़ाए िजसस ाइट की नचर समझन फीस decide व चाज करन किलए स बात करन किमटमट और ाइट क काम को न करन आिद की समझ बढ़ती रह ाइट को िकसी काम क िलए ना कहना भी बत बड़ी बात ह न कहना बत मल काम ह उसक िलए बत िहत चािहए लिकन जहा जरी ह वहा ना बोलना सीख िलया तो आप भिव म बत सी परशािनयो व अपराध बोध स बच जाएग माना िक हम काम चािहए पस की भी जरत ह इसक बावजद भी न तो दिनया क हर काम क िलए हम बन न ही दिनया का हर काम हमार िलए बना

8 पसनिलटी डवलपमट व सॉ ल-

पसनािलटी डवलपमट का अथ कपड़ अ पहनना या वन लक म िदखना या फराटदार अजी बोलना नही ह म ड िसग सस व अजी की जरत जो इोर नही कर रहा लिकन असली पसनिलटी डवलोपम ह आपकी िथिकग की िदशा व घटनाओ को समझन दखन ितिया करन का तरीका ह इसक िलए ा-ा कर -

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A ब पढ़ (जो ोफशन क िलए पढ़त ह उनक अलावा)

(I) जीविनया महान लोगो की जस- ामी िववकानद महाा गाधी नन मडला बजािमन किलन ीव जॉ मदर टरसा वगस करयन(अमल क फाउडर) बी जी होरिन डॉ राज साद डॉ अबडकर नह शाी भगत िसह सभाष च बोस क एम मशी पिडत कएम मशी पिडत मदन मोहन मालवीय मौलाना आज़ाद एिनिबस आिद

(ii) भारतीय दशन िजसम गीता व उपिनषद महपण ह

(iii) अ ब जस जॉज ऑरवल की 1984 हरारी की सिपयस गहा की इिडया आर गाधी आिद

Bइकोनॉिम टाइिफनािसयल एस क अलावा इिडयन एस या िहद को भी 15-20 िमिनट जर पढ़ तािक हम टशन व फाइनस क अलावा अतरराीय राीय व सामािजक मो पर भी हमारी सोच िवकिसत कर सक उन मो क ित सवदनशील भी हो

C ोकन इश- इश बोलन क िलए इश सनना जरी ह जो जयपर म माहौल नही ह उसक िलए ा कर पहला अपनी पसद क यब वीिडयो इश म दख सन वब सीरीज या मवी इश sub-टाइटल िलख हो तो और भी अा शशाक रडशन एक रकॉमडड मवी ह समय नही िमल तो मॉिनग वॉकइविनग वॉक क साथ साथ सन सकत ह इश ज़पपर को कम स हम आध घ जोर जोर स बोलकर पढ़ अगर सव हो सक तो एक इश buddy तलाश कर ल जो आपकी गलितयो जो इोर कर कम स कम शआत क एक महीन बाद म कर कर श म आपका कॉडस ब करना कर करन स ादा जरी ह

D ड िसग सस ोड की पिकग भी महपण ह सोसाइटी हर ोफशनल की एक इमज बनाकर रखती ह जस डॉर ाइट एन पहन लॉयर की ड स आिद वस ही सीए की ाइट या समाज की नजर म एक इमज होती ह हमारा ड िसग सस वसा ही होना चािहए

1एक तो वो लोग जो कॉरपोरटस या िबग4 स कछ कमा कर लाए होग उनक पास जमा पजी होगी अनभव ह कॉस ह यानी उनक पास एक मोरटोरयम पीरयड ह व अपन ऑिफस सट उ पर भी कछ खच कर सकत ह कछ समय उन पर रोजी रोटी का भी सकट नही ह उनक िलए स का मॉडल-

(i) ऑिफस सट-अप पर मामली खचा कर ोिक ोफशनल की असली पजी उनका ान व ल ह निक शानदर व आलीशान ऑिफस बीच म एक दौर आया जब िदखाव का चलन बढ़ा चाटड एकाउटटस क ऑिफस फाइव ार होट की तरह बनन लग एक डायलॉग चलन म आ गया- जो िदखता ह सो िबकता ह इस चमक दमक स दर रह कोई अनावक खचा न कर न पालमरा दो एक ऑथ का डॉर ह उसक ऑथ ीिनक म एक मा एर मशीन थी मन कहा डॉर साहब आप िसटी न ो नही लगवा लत तो उोन कहा अगर म िसटी न मशीन खरीद लगा तो तय हो जाएगा िक िमिनमम 5 (कािनक िफगर) सीटी न रोजाना होगी तब िसटी न की EMI िनकलगी महीन की 150 सीटी न हो गई अगर िकसी महीन कम रह गई तो टशन श हो जाएगी नतीजा यह िनकलगा की मरा कोर फॉ मर पशट को एिथकल ट ीटमट स िश होकर यन कन कारण महीन की 150 सीटी न होनी चािहए िफर कछ ए ा भी होनी चािहए उोन बताया िक यह एक चह ह िजसम एक बार फस गया तो िनकल नही पाऊगा

जब िसटी न की नसिसटी होती ह तो आउटसोस कर दता एर मशीन मरी नसिसटी ह ोिक म ऑथ का डॉर मर हर पशट को एर की जरत होती ह

(ii) िजस फी का अनभव ह उस अनभव क बार म एग शनस स सक कर जस बिकग इड ी स आए ह तो फाइनस का अनभव ह अगर िकसी इड ी या फम म जीएसटी का काम दखत थ जस िवात सीए िबमल जन अगर कही िलिटगशन हडल करत थ तो ड ाग शो कॉज नोिटस का जवाब अपील ड ाग अपील क िलए written सबिमशन तयार करना आिदअगर एग शनस उस पािटकलर फी का काम नही करत ह तो कोई बात नही एग शनस म वो मता होती ह की व उन फीस का काम develop भी कर सकत ह िजस फी का काम व अभी तक नही करत थ लिकन समयाभाव या कोर एरया नही होन की वजह स उस फी का काम नही करत थ उनका काम आउटसोिसग पर ल अगर एग सनस पहल स ही उस फी म काम कर रहा हो तो एग सशनर को बोल की कोई सरस काम हो तो उस आउटसोस कर

इस िया स एग सशनर को यह फायदा ह िफ कॉ नही बढ़ रही व शर को ट ड करन की कॉ व एनज सव हो रही ह

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(iii) एग सनस स टाई अप क साथ साथ व लोगो स िमल नॉलज का दायरा बढ़ाए सिमनार विबनार conferences अटड कर सीध ाइट स भी अपन फी का काम आना श हो जाएगा

(iv) नया काम सब तरह का आएगा एक तो उनका खद का फी होगा उसक अलावा अ फी का कोई काम आए तो ािलटी ऑफ सिवस म कोई कोोमाईज़ नही होना चािहए य करो तो ठीक वरना आउटसोिसग ाइट को इस बात स कोई मतलब नही आप य कर रह हो या आउटसोस कर रह हो

(v) िकसी शर सीए को आिफस शयर भी करा सकत ह ी ऑफ कॉ या बत कम चाजज पर

एग ोफशनल का सवाइवलोथ-

1जो बड़ ोफशनल ह उनक रव म थोड़ी िगरावट आन की सभावना ह हो सकता ह व कॉ किटग क िलए मनपावर कम कर

2ाल व िमड साइज ोफशनल फम-

(I) कम इोट काम की आउटसोिसग जस सोसाइटी रिज शन दवथान िवभाग म ट क रिज शन- हम ोफशनल क पास कई बार ऐस काम आत ह जो हम नही कर रह होत तो उस कस म या तो हम मना कर दत ह या करत ह तो हमारी कॉग ादा आती ह जस मर पास कोई दवथान िवभाग का काम आता ह तो म मना कर दता ोिक म कराऊगा तो जो फीस िमलगी उसस ादा मरा टाइम लग जाएगा तो ाइट खद ही ध खाकर वो काम करवाता ह तो उसकी भी कॉग फीस स ादा आ जाती ह थोड़ी बत मदद पपर तयार करान म हम भी करनी पड़ती ह िबना फीस क

ऐस म अगर मर पास को िवासपा नया शनर लड़का होगा तो मझ यह काम उसको आउटसोस कर सकता मझ उस न शनर को एक बार ही गाइड करना पड़गा चिक मरा अनभव ादा ह मर मािक ट म िडग परानी ह तो मझ फीस भी अी िमल जाएगी

उस नए शनर को काम िमल गया फीस िमल गई एक नया एव खल गया रीपीट काम आएगा तो उसका भी टाइम कम लगगा ाइट भी खश उसको ध नही खान पड़ रीजनबल कॉ म काम हो गयाऐसा सोसाइटीज़ क रिज शन म होता ह

(ii) इोट काम की आउटसोिसग जस ड ाग आिद-

जस म अपी करता अपी तयार करन का काम राई तयार करन काम म व मरा एक जिनयर करत ह अब मर पास काम बढ़ गया हम समय पर कसज अटड नही कर पात ह नया ाफ इसिलए हायर नही कर पात िक िफ कॉ नही बढ़ाना चाहत व पािटकलर ड ाग क म कटसी ह या नही इसकी जजमटल र

नतीजा ाइट सफन म कमी व वक िडोजल म कमी व िडपाटमट म िडिसन व तारीख न लन वाल ोफशनल की जो इमज थी वो कमजोर हो रही हसमाधान आउटसोिसग मरड ग जो आपक पास काम कर चकी व उनकी expertise ह ड ाग म कमस िजनक पास कम काम ह लिकन आप उनकी कटसी जानत ह उनकी भी रव बढ़गी हमारा ाइट सफन लवल बढ़गा व गडिवल बढ़गी

(iii) मनपावर म कटौती नही करनी चािहए-हो सकता ह इन फ क रव म कछ कमी आए तो इन फ को कॉ किटग क िलए मनपावर म कटौती नही करनी चािहए ोिक जब ोथ आएगी तो अा मनपावर नही िमलगा

(iv) ओवरहडरटल इनकम म कटौती- वक ॉम होमवक ॉम एनीवयर कचर डवलोप करक िकराए आिफस जस ओवरहड को कम करना चािहए जो सिवग होती ह उसको अपन एचआर पर खच करनी चािहए

(v) नए काम आएग- हमार दश क इोट का लगभग 12 शयर चीन का ह धानमी जी जो बत लोकिय भी ह और उोन आिनभर भारत का सपना दखा ह उस कड़ी म जो कोिवड-19 िक वजह स डमज होगा उसका एक िहा चीन क इोट म जो कटौती होगी उसस हमारा मफरग सर ो भी करगा

सरकार की नीित जो ापारयो को िबगड़ल ब मानकर सधारन की थी वो अब सहानभितपवक उनकी जइन ॉ को रजॉ करक उनको ोथ क रा पर दौड़न की बनी ह सरकारी नीित म यह एक सकाराक बदलाव दीख रहा ह

रयल लाइफ कस डीज िजोन फ जनरशन स श की ह िजनको आप हम सब जानत भी ह उनक सघष उनक सघष म िकसन मदद की िजसस हम सीख सकत ह इसस हम समझ आएगा िक जो य अपनी मदद करन क िलए परी िशत स यास करत ह तो परी कायनात आपकी मदद करती ह

Page 37


izfrfcEc

THICAI_JP_50 _YEAR

giexcllh dks thou kSyh dk Hkkx vorsquo cukosaA

-CA Ashok Kumar Gupta

^^tks yksx giexcllrs gS] os mu yksxksa ls Tknk thrs gS] tks giexcllrs ugha gS k fQj giexcll ugha ldrs gSA

^^giexcllh vkids mRlkg dks clt+krh gS] fpUrk esa jkgr nsrh gS vkSj fMizsku dks tM+ ls xkc dj ldrh gSA

^^Hk`dqfVkiexcl rkuus ls nksLr ugha curs vycUgravekk gtqfjkiexcl tj iM+ tkrh gSA

^^giexcllh ds rksgQs dk vkuUn ysosa oa bldh kerk ds fodkl dks izkFkfedrk nsosaA

vxj fdlh vkSj otg ls ugha rks flQZ vPNh lsgr dh [kkfrj gkLcksk dks viuh fnupkZ dk fgLlk cukosaA

tc vki ftUnxh dks Tknk xEHkhjrk ls ysuk NksM+ nsrs gSa rks vki vkSj vkils feyus okys nksuksa gh nqfuk dks Tknk [kqkuqek cuk nsrs gSA

^^izlUurk dk dksbZ ekxZ ugha gS] izlUurk gh dek= ekxZ gSA

vc izu g mBrk gS fd ge giexcllh dks thou kSyh dk fgLlk dSls cukosa

vkt ds le esa giexcllh dh vkodrk yksxksa dks cgqr Tknk iM+us yxh gS blfy dbZ kgjksa esa yksxksa us gkL Dyc Hkh cuk j[ks gSaA vki mldk fgLlk Hkh cu ldrs gSA vFkok vius ifjokj o nksLrksa ds lkFk feydj de ls de 30 feuV galus dh vknr cuk ldrs gSA

gkL fQYe (Movie) dfo lEesyu] fdLls dgkfukiexcl lqudj Hkh bZoj kjk nh xbZ vuqie nsu dk Qknk mBk ldrs gSA vius cPpksa] nksLrksa] fjrsnkjksa ds lkFk [ksydj] Hkzek dj Hkh ge bldk vkuUn ys ldrs gSA

eqLdqjkus dks thou kSyh dk fgLlk cukus ds fy ge tc Hkh fdlh ls feys] vkWfQl esa lqcg vius lgdfeZksa] LVkWQ] esEclZ ds lkFk feysa rks lcdks eqLdqjkrs gq vfHkoknu djsaAd ckj vksizk fouYacutes us dgk Fkk fd amp^^d eqLdku gekjs psgjs dk ykbZfVax flLVe gS] gekjs fnekx dk dwfyax flLVe gS vkSj gekjs fny dk ghfyax flLVe gSA

gkL ds egRo dks legtrs gq tiqj esa 1970 esa d gkL Dyc dh LFkkiuk Jh vkj- Mh- ckgsrh oa muds lkfFkksa kjk dh xbZ FkhA muds kjk gkL ds ikap izdkj crks xs gS ftlls dh OfDr vkUrfjd tkfxax dj ldrk gSamp

1- eqiexclg cUn djds giexcllukA 2- eqiexclg Qqykdj giexcllukA3- nkar fn[kkrs gq khjs vkokt fudky dj giexcllukA4- nkar fn[kkdj fcuk vkokt ds giexcllukA5- vV~Bgkl djds giexclluk amp blls ekalisfkksa dk Okke gksrk gSA

Page 38


izfrfcEc

THICAI_JP_50 _YEAR

MkWDVlZ ds fglkc ls Hkh giexcllus ls gekjk izfrjkd ra= etcwr gksrk gSA jDrpki frac14CyM i z skjfrac12 Hkh fufU=r jgrk g SA jk sx i z frjk skd kerk clt+rh g S] lHkh i zdkj ds ruko n wj gk sr s gS ftlls kqxj ysoy Hkh dUVordfksy jgrk gS oa kjhj AringtkZoku cuk jgrk gSA

^^dHkh amp dHkh vkidh [kqkh vkids eqLdku dk dkjk gksrh gS] ysfdu dHkh amp dHkh vkidh eqLdku vkids [kqkh dk L=ksr gks ldrh gSA

vki [kqkh pkgrs gS rks amp

1- dkZ esa fNis [kqkh ds igyw dks ltwalts amp

izRsd dkZ esa [kqkh dh dksbZ ckr gksrh gSA vkidks ml igyw dks ltwaltuk gSA blls dkZ gh [kqkh esa cny tkxkA

izkr mBus ds ckn flQZ nks feuV khks ds lkeus [kM+s gks tkb vkSj dYiuk dhft fd fnuHkj esa Dk gkfly djuk pkgrs gSa tks Hkh dkZ djsa mlesa eu yxkiexcl] slk djsaxs rks gh [kqkh dk vglkl vo gksxk vkSj lQyrk feysxhA

2- HkykbZ dk dkZ djas amp

HkykbZ dk dksbZ Hkh dkZ tkk ugha gksrk] Hkys gh og fdruk gh NksVk Dksa u gksA

nwljksa ds fy dqN u dqN djrs jfg tSlsamp cl esa viuh lhV fdlh tjrean dks ns] fdlh ds fy njokts [kksy ns oa fdlh ds diM+ksa dh rkjhQ dj nhftA blls ldkjkRed AringtkZ iSnk gksxh] tks rkdr cusxh vkSj vkidks [kqkh dk vglkl djksaxhA

3- nksLrksa ls ckr djsa amp

viuh leLk Lohdkj dhft] pkj lkfFkksa dks mlds ckjs esa crkbA vkidks fgEer feysxh vkSj gks ldrk gS os vkidh enn Hkh dj iksaA viuh leLka nksLrksa dks crkus ls nq[k de gksrk gS vkSj vius dkZ dks iwjk djus dh rkdr feyrh gS ftlls vkidks [kqkh dk glkl gksxkA

4- cPpksa ds lkFk [ksy esa kkfey gks amp

[ksyuk gj mez esa ykHkizn gSA cM+ksa dks Hkh g mruk gh vkuUn nsrk gS] ftruk cPpksa dksA [ksy ls ruko de gksrk gSA oSKkfudksa dk dguk gS fd feecirch esa [ksyus ls OfDr lhks ekbOslashksLdksfid cSDVhfjk ds lEidZ esa vkrs gS blls fnekx esa lsjsVksfuu dk Lrj clt+rk gS tks vkjke nsrk gS] fgEer nsrk gSA [ksyus ls balku vius nq[kks dks Hkqydj [kqkh dk vkuUn izkIr dj ysrk gSA

vr mIkqDr fcUnqvks ds eke ls vki viuh thoukSyh esa giexcllh dks d lgksxh fgLlk cuk ldrs gSA

आख स जो मन को जानदद बात का जो पहचान

सही-गलत को ठीक ही मानसकट म जो ना ढढ बहान

वो ही िम कहलाता ह

खलकर मन क बात कर जोमहका द जीवन का हर पल

और किठन स किठन समय महर समया का िनकाल हल


िजसका चर कभी ना बदलिजसम लन का कोई भाव नह

अपन िम क आग बढ़न सतिनक भी िजस तनाव नह


जो अपनी आहट स महका दघर कोना-कोना और परवार

यार स कध को सहला दअपना लग िफर सारा ससार


वाथ का जो अथ ना जानहर हालत म अपना मान

बड़ा होकर भी कभी ना भलकणा सदामा को पहचान


जसी खशबवसा ही इ कभी ना बदल ऐस िमआईन म बदलत ह चहर

कभी नह बदलता ह िचवो ही िम कहलाता ह

मझ गव ह िक आप मर िम ह


izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi

वो ही िम

Page 39

सयता और असयता क अपन दौर हकभी राम तो कभी रावण ज़र हहमन कौनसी राह चनीअपन अपन िकरदार क

िहस अपन अपन हिकस अपन अपन ह

कछ अपना िहसा दौड़ िलएकछ सपन पीछ छोड़ िदए

या पाप धर या पय करजब मन हो िवकार मजो खद म ना खद को खोज तो राम कहा अिधकार म

राम नाम सब धारी हराम का मन म वास तो रख

सच और झठ या पछखद का खद म समान तो रख

ना नर परख ना राम परखअपन अपन ईमान परखअपन अपन िकरदार मकम का अिभमान तो रख

दोष कहा िकरदार काहर सपना हकदार का

सबन अपन अपन राम बनायपर राम कहा शद म समाय


izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana

ldquoिकरदार अपन अपनrdquo

Page 40

JAIPUR BRANCH ACTIVITIES IN NEWS

Page 41Designed amp Compiled by



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Where the mind is led forward by thee into ever-widening thought and action-Into that heaven of freedom my father let my country awake

- Rabindranath Tagore in his poem Where the Mind Is Without Fear

The month of August is always special to all Indians is the Independence Day of our country celebrated on the 15th of August every year We remember the sacrifices made by the warriors of our country during the freedom fighting struggle and the Independence Day is a special day to pay rich tributes across the country to the martyrs for making our country independent On this occasion I request all the members to commit ourselves to the economic progress of the Nation

The concern about Covid-19 is more than just over physical wellbeing there is also a concern about the emotional and mental fallout Everyone has suggested that people should engage in something creative to stave off anxiety and depression In this connection Jaipur Branch organized various fun-filled activities for Members and Students Like a virtual Family Picnic for CA Members The main attractions of the virtual picnic were Treasure Hunt Tambola Antakshri and many more family fun games We have also organised a Virtual dancedramaplay Competition for CA Students

The Committee for Members in Practice (CMP) has taken good initiatives and has come out with many Beneficiary Schemes for the members of ICAI I request the members to go through the same and also visit the website cmpbenefits icaiorg makes use of the benefits given by CMP

In the current scenario It is a very good move for the benefit of students to remove hardship of travel long distances and keeping in mind of the wellbeing of students members and for safety in the situation of COVID 19 pandemic the ICAI has almost doubled the Examination Centres for those appearing for the Examination to be held in November 2020

Once again humbly I request our members to please come forward and contribute your thoughts by way of articles on various topics and areas related to our profession One mind can ignite many minds and your valuable insights can open paths for many readers Any suggestions queries or required articles to be incorporated on any matter may please be mailed to us at We will be very glad to publish your thoughts and endeavour our best to jaipuricaiorgensure that all your suggestions are incorporated and queries are answered

Stay home stay active and save the life

Best wishes

CA Kuldeep GuptaSECRETARY

Secretary Message


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THICAI_JP_50 _YEAR

Designed amp Compiled byITT Faculties of Jaipur Branch of ICAISanjay Kishore Karni Singh Rathore
















Page 3


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Page 4



THICAI_JP_50 _YEAR


Chairman


Page 5


THICAI_JP_50 _YEAR

CA Anil Kumar Yadav

Members


Co-Opted Members


izfrfcEc

THICAI_JP_50 _YEAR


Page 6



































Page 7


izfrfcEc

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izfrfcEc










CA Poorvi Jain

Page 9


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FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

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Page 12


izfrfcEc

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Nature of Torts

CA Akshita Gangwal

Page 13


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Page 14


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Page 15


izfrfcEc

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applicable








company


An Analysis of



Page 16


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My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


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THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


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THICAI_JP_50 _YEAR




Page 22


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Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

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to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


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THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


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THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


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-CA Abhinav Sekhri

Page 30


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Page 31


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जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


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(vi) NCLTIBC



Page 34


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Page 35


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Page 36


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Page 38


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izfrfcEc

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CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR
















Page 3


THICAI_JP_50 _YEAR













Page 4



THICAI_JP_50 _YEAR


Chairman


Page 5


THICAI_JP_50 _YEAR

CA Anil Kumar Yadav

Members


Co-Opted Members


izfrfcEc

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Page 6



































Page 7


izfrfcEc

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CA Poorvi Jain

Page 9


izfrfcEc

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FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

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1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


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Page 12


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Nature of Torts

CA Akshita Gangwal

Page 13


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Page 14


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Page 15


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applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR













Page 4



THICAI_JP_50 _YEAR


Chairman


Page 5


THICAI_JP_50 _YEAR

CA Anil Kumar Yadav

Members


Co-Opted Members


izfrfcEc

THICAI_JP_50 _YEAR


Page 6



































Page 7


izfrfcEc

THICAI_JP_50 _YEAR























izfrfcEc










CA Poorvi Jain

Page 9


izfrfcEc

THICAI_JP_50 _YEAR

FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR


Chairman


Page 5


THICAI_JP_50 _YEAR

CA Anil Kumar Yadav

Members


Co-Opted Members


izfrfcEc

THICAI_JP_50 _YEAR


Page 6



































Page 7


izfrfcEc

THICAI_JP_50 _YEAR























izfrfcEc










CA Poorvi Jain

Page 9


izfrfcEc

THICAI_JP_50 _YEAR

FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR


izfrfcEc

THICAI_JP_50 _YEAR


Page 6



































Page 7


izfrfcEc

THICAI_JP_50 _YEAR























izfrfcEc










CA Poorvi Jain

Page 9


izfrfcEc

THICAI_JP_50 _YEAR

FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR
























Page 7


izfrfcEc

THICAI_JP_50 _YEAR























izfrfcEc










CA Poorvi Jain

Page 9


izfrfcEc

THICAI_JP_50 _YEAR

FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR























izfrfcEc










CA Poorvi Jain

Page 9


izfrfcEc

THICAI_JP_50 _YEAR

FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR









CA Poorvi Jain

Page 9


izfrfcEc

THICAI_JP_50 _YEAR

FD

SIP

PPF

NPS

EQUITY MARKETS

BONDS

GOLD

REAL ESTATE

MUTUAL FUNDS

DERIVATIVE

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 10


izfrfcEc

THICAI_JP_50 _YEAR





1 Capital Invested


2 Time horizon




4 Liquidity


5 Risk


6 Annuity







Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 11


izfrfcEc

THICAI_JP_50 _YEAR





















Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 12


izfrfcEc

THICAI_JP_50 _YEAR












Nature of Torts

CA Akshita Gangwal

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 13


izfrfcEc

THICAI_JP_50 _YEAR











Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 14


izfrfcEc

THICAI_JP_50 _YEAR











Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 15


izfrfcEc

THICAI_JP_50 _YEAR






















applicable








company


An Analysis of



Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 16


izfrfcEc

THICAI_JP_50 _YEAR





























My Analysis-





of other law

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 17


izfrfcEc

THICAI_JP_50 _YEAR





Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 18


izfrfcEc

THICAI_JP_50 _YEAR







RCM




hence not taxable





Conclusion-










advance ruling


Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 19


izfrfcEc

THICAI_JP_50 _YEAR


















UNDER INCOME TAX


Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 20












izfrfcEc

THICAI_JP_50 _YEAR

Particulars

Country

DTAA Applicable

Provision

Applicable

Method




Method

Professional Fees























Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR
















Particulars

Country

DTA

A


Method

Foreign Tax Rate

DTAA

Incom

e Tax

Eligible

Credit

Remarks

Professional

Fees

(Match

Fees)

United

Kingdom

Yes

Section

90

Tax

Credit

40

25

30

25

Credit shall be


DTAA

Dividend Income

Greece

Yes

Section

90

Exemption Method

NIL

10

30

NIL



Professional

Fees

(Match

Fees)

Afghanistan

No

Section 91

Tax Credit

20

NA

30

20



Page 21


izfrfcEc

THICAI_JP_50 _YEAR




Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 22


izfrfcEc

THICAI_JP_50 _YEAR













Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 23


izfrfcEc

THICAI_JP_50 _YEAR










the DTAA









contracts aremdash


























Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 24


izfrfcEc

THICAI_JP_50 _YEAR






to case basis

I ABOUT THE ACT



















accepted







Income Tax Laws


Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 25


izfrfcEc

THICAI_JP_50 _YEAR



the appellate forum









assessee

SNo




made till 31032020


due to COVID-19

lockdown)





lockdown)

1

Aggregate amount of


and penalty



waived off




shall be ignored)

2

Aggregate amount of


and penalty



of Income Tax Act


(However when 25 of




ignored)





shall be ignored)

3

Where a tax arrears

relates to disputed


penalty or disputed

fee


penalty or fee

Balance 75 would be

waived of


or fee


off


Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 26


izfrfcEc

THICAI_JP_50 _YEAR































scheme










Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 27


izfrfcEc

THICAI_JP_50 _YEAR

Cases Disputed Tax


in favor of revenue




passed



31012020



(DRP) us 144C as on 31012020








the 31012020




























Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 28


izfrfcEc

THICAI_JP_50 _YEAR










Particulars Amount



Addition 400




















Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 29


izfrfcEc

THICAI_JP_50 _YEAR










-CA Abhinav Sekhri

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 30


izfrfcEc

THICAI_JP_50 _YEAR





















Page 31


izfrfcEc

THICAI_JP_50 _YEAR
















जीएसटी



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NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











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THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 31


izfrfcEc

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जीएसटी



ऑिडट


NCLT IBC

FEMA




ट

एपोटर



Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 32


izfrfcEc

THICAI_JP_50 _YEAR



2 अनभव -












Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 33


izfrfcEc

THICAI_JP_50 _YEAR

















(vi) NCLTIBC



Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 34


izfrfcEc

THICAI_JP_50 _YEAR
















Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 35


izfrfcEc

THICAI_JP_50 _YEAR













Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 36


izfrfcEc

THICAI_JP_50 _YEAR


















Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











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THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 37


izfrfcEc

THICAI_JP_50 _YEAR
















Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











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THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR

Page 38


izfrfcEc

THICAI_JP_50 _YEAR


































izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR




















izfrfcEc

THICAI_JP_50 _YEAR

CA Yogeshwari Joshi


Page 39











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR











izfrfcEc

THICAI_JP_50 _YEAR

CA Deepak Nandwana


Page 40





izfrfcEc

THICAI_JP_50 _YEAR





izfrfcEc

THICAI_JP_50 _YEAR