Commission agent & Traders in APMC, Money Changer, and Cash Replenshipment Agencies not subject to TDS U/s 194N on cash Withdrawal : CBDT Clarified
Applicability of section 50C & 56(2)(x) where agreement to sale was done before the date of its applicability
Landmark Judgement by ITAT : Confirmed addition of Rs. 196 Cr of Black Money Stashed abroad in Swiss Bank
Expenses incurred “in connection with transfer” is allowable as deduction while computing capital Gain
Loss Set-off of non-STT paid long-term capital gain on sale of shares with STT paid long-term capital loss on sale of shares
Lease premium paid did not constitute capital expenditure but it is a revenue expenditure because by incurring such expenditure the assessees did not acquire any asset but only facilitated carrying on the business
GST : There is no exemption available under the GST provisions for payment of IGST on ocean freight where IGST is paid on the goods imported.