Trust or institution - Object to develop training and research centre to facilitate skill development to entire chain of work force engaged at various levels in garment and textile industry entitle for registration under provisions of Section 12AA.
Gear Training ...
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The Blogs
PREAMBLE: The Present Appeal arising out of order dated 21st March, 2022 passed by National Company Law Tribunal, Division Bench – I, Chennai Bench in CP/IB/75/2021 along with IA/839/CHE/2021 and IA/844/CHE/2021.
PREAMBLE: The Present Appeal arising out of order dated 21st March, 2022 passed by National Company Law Tribunal, Division Bench - I, Chennai Bench in CP/IB/75/2021 along with IA/839/CHE/2021 and IA/844/CHE/2021.
Mr. Amar Vora v City Union Bank Ltd.
National Company ...
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More than 1100 Amendment in GST Law by the Government – Dealers not allowed to rectify just one Mistake
More than 1100 Amendment in GST Law by the Government - Dealers not allowed to rectify just one Mistake
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Excess Stock declared to bank is taxable as Unexplained Investment: HC
Excess Stock declared to bank is taxable as Unexplained Investment: HC
MP High court has recently held that the Value of stock submitted with bank in excess of what is reported in books to be held as unexplained investment.
The case ...
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Incomplete GSTR-2B in some cases – Regarding.
Incomplete GSTR-2B in some cases – Regarding.
15/05/2022
It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible In GSTR-2A of ...
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The provision granting mandatory one third deduction towards the value of land for computing value liable for GST is not sustainable in cases where the value of land is clearly ascertainable
The provision granting mandatory one third deduction towards the value of land for computing value liable for GST is not sustainable in cases where the value of land is clearly ascertainable
Under GST law in India, GST is applicable on ...
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Consideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai
Consideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai
ESPN Digital Media (India) Pvt. Ltd. (ITA Nos.: 1070, 1071, 1072 & 1073/CHNY/2018)
Facts:
ESPN India purchased advertising space on websites owned and hosted by ESPN UK ...
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Unexplained Expenditure: Taxation @ 78% Flat
Unexplained Expenditure: Taxation @ 78% Flat
Mr. Smart has incurred Rs. 75 Lakh in the marriage of the daughter in the year 2019. The income tax Department got to know about the expenses incurred by Mr. Smart during the course ...
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PAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs
PAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs
The CBDT vide Notification No. 53/2022-Income Tax, Dated: 10th May, 2022 has notified a new set of rules to amend the existing Income-tax Rules, 1962 which shall come into ...
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PERMISSION UNDER FEMA IS REQUIRED TO OFFER SECURITIES TO COMPANIES OF NEIGHORING COUNTRIES OR COUNTRIES SHARING BRODERS WITH INDIA.
PERMISSION UNDER FEMA IS REQUIRED TO OFFER SECURITIES TO COMPANIES OF NEIGHORING COUNTRIES OR COUNTRIES SHARING BRODERS WITH INDIA.
Dear Friends,
The Government of India to curb unscrupulous activities and to protect Indian business dysphoria from Chinese investors has changed FDI ...
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LLP CAN FORM A PARTNERSHIP FIRM WITH AN INDIVIDUAL OR OTHER PERSONS- RULES KERALA HIGH COURT
LLP CAN FORM A PARTNERSHIP FIRM WITH AN INDIVIDUAL OR OTHER PERSONS- RULES KERALA HIGH COURT
In a significant ruling, the Kerala High Court held that a Limited Liability Partnership could form a partnership with an individual or other persons.
BRIEF ...
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UBER DRIVERS ARE WORKERS, NOT INDEPENDENT CONTRACTORS: UK SUPREME COURT.
UBER DRIVERS ARE WORKERS, NOT INDEPENDENT
CONTRACTORS: UK SUPREME COURT.
In a judgment that can have implications in several countries, including India, the Supreme Court of the United Kingdom bench held that Uber drivers are ‘workers’ and not independent contractors.
Going by ...
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Does the New option of lower tax rates work for you?
Does the New option of lower tax rates work for you?
There is lots of confusion about new tax regime. People are not able to decide which one to opt for. Let us discuss the new tax regime.
Basics of scheme ...
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The Provision Granting Mandatory one third Deduction towards the value of land for computing value liable for GST is unconstitutional
The Provision Granting Mandatory one third Deduction towards the value of land for computing value liable for GST is unconstitutional
Under GST law in India, GST is applicable on purchase of under-construction real estate.
It may be noted that the GST ...
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CBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices
CBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices
Instruction No. 01/2022, dated 11-05-2022
The Supreme Court of India in the case of Ashish Agarwal has adjudicated the validity of the reassessment notices issued by ...
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CONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,1961
CONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,1961
Dear Friends,
As you are aware that finance is the most important driving force in our society and the country. Your bank balance determines your status in the society. Your living ...
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No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs.
No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs.
CBDT has issued the instructions clarifying the scope of section 148 issued between prior to 01.04.2021 to 30.06.2021 pursuant to Supreme Court Ruling in ...
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Mandatory 1/3rd Deduction of land in GST is ultra vires – Such standard deduction can only be optional and not mandatory
Mandatory 1/3rd Deduction of land in GST is ultra vires - Such standard deduction can only be optional and not mandatory
Under GST law in India, GST is applicable on purchase of under-construction real estate.
It may be noted that the ...
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