Recognition to Company Secretary in Practice under the IFSC Authority (Registration of Insurance Business) Regulations, 2021
THE INSTITUTE OF
Company Secretaries of India
IN PURSUIT OF PROFESSIONAL EXCELLENCE
Statutory body under an Act of Parliament
(Under the jurisdiction of Ministry of Corporate Affairs)
22nd October, 2021
Dear ...
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the taxtalk
Sale of land after development by way of erection a civil structure or a building or a complex then such supply is liable to tax under CGST/SGST Acts
Sale of land after development by way of erection a civil structure or a building or a complex then such supply is liable to tax under CGST/SGST Acts
GST AAR Telangana in the case of TIF Integrated Industrial Parks PVT ...
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Filing Form No. 10AB: Why and How
Filing Form No. 10AB: Why and How
The Finance Act, 2020 has introduced a new provision as a result of which all existing trusts have to undergo re-registration under Section 12A and Section 80G and Re-Approval U/s 10(23C) and Section 35(1). To give ...
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Capital gain exemption now available against investment in Two House Properties
Capital gain exemption now available against investment in Two House Properties
The requirements of the citizens change with time and so are the changes in the tax policies. Income tax law provides various exemptions and deductions having regard to the ...
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TDS not to be done on IT support charges paid to foreign company: ITAT
TDS not to be done on IT support charges paid to foreign company: ITAT
M/S. Hitachi Metglas (India) Pvt. ... vs Dcit, New Delhi (ITA No. 3694/Del/2016)
Facts:
1. The assessee had paid admin and Network Support service charges of Rs.35,60,212/- to ...
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“BSE direction on Filing of Related Party Transactions in XBRL mode”
"BSE direction on Filing of Related Party Transactions in XBRL mode"
The Bombay Stock Exchange (BSE) vide notice no. 20210906-31 dated 06th September, 2021 has issued circular w.r.t. Filing of Related Party Transactions in XBRL mode, in order to help ...
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“E-PLI BOND – DIGITAL PLI POLICY BONDS LAUNCHED”
“E-PLI BOND – DIGITAL PLI POLICY BONDS LAUNCHED”
The Department of Posts has launched the digital version of the Postal Life Insurance policy bonds, also termed as “e-PLI bond”. Launched in collaboration with Digi-locker, e-PLI bond is expected to facilitate ...
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Higher income in earlier year cannot be the ground for withholding of refund
Higher income in earlier year cannot be the ground for withholding of refund
DCIT, CPC, Bangalore v. Vodafone Idea Ltd. (2021) 131 taxmann.com 128 (SC)
Short Overview of the case:
Apex court has recently held that Assessing Officer cannot withhold refund merely because assessee ...
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Notional interest: Can interest free deposit form a part of sales consideration for calculation on capital gains?
Notional interest: Can interest free deposit form a part of sales consideration for calculation on capital gains?
There are situation wherein the buyer provides to the seller of an immovable property, an interest free deposit/ loan before the sale, which ...
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How to download the Charitable Trust Registration certificate from Income Tax Portal?
How to download the Charitable Trust Registration certificate from Income Tax Portal?
One of the sectors where substantial changes are carried out by the Government IN the recent time is with regard to the taxation of charitable trust, NGO & ...
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Buying Electric Vehicle to get income tax benefit
Buying Electric Vehicle to get income tax benefit
Go green is the new mantra across the globe. Tax policies are designed to meet the socio economic objectives of the Government.
Now, Purchase of Electric Vehicles offers Tax benefits (Section 80EEB) and ...
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No failure on assessee’s part to disclose fully and truly all material facts during original assessment – Whether Reassessment proeeding justified?
No failure on assessee's part to disclose fully and truly all material facts during original assessment - Whether Reassessment proeeding justified?
Short Overview There was a definite reason to believe that to the tune of excess deduction income chargeable to ...
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Validity of Reassessment on the basis of information gathered during course of statement recorded under section 132(4) from searched person by investigation wing
Validity of Reassessment on the basis of information gathered during course of statement recorded under section 132(4) from searched person by investigation wing
Short Overview Joint receipt was seized during the course of search as mentioned by AO in the assessment ...
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IT department detects massive under invoicing, while actual value could be Rs 2,000 crores, declared value is Rs 20 crores.
IT department detects massive under invoicing, while actual value could be Rs 2,000 crores, declared value is Rs 20 crores.
1. The Income Tax Department carried out search and seizure operations on an importer and trader of laptops, mobile phones ...
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What is TDS under GST?
What is TDS under GST?
The concept of TDS is already well known. You may have heard of Tax Deduction at source (TDS) under Income Tax, but you may wonder what is TDS under Goods and Services tax (GST). Before ...
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Bombay HC asked the Income Tax department to communicate to the Finance Minister and Team about the Casual approach of the Assessing Officers. Court may impose personal Cost on the assessing Officer in future for casual approach.
Bombay HC asked the Income Tax department to communicate to the Finance Minister and Team about the Casual approach of the Assessing Officers. Court may impose personal Cost on the assessing Officer in future for casual approach.
Bombay HC has ...
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Delhi GST Commissioner authorises Senior & Junior Assistant to carry out physical verification of business
Delhi GST Commissioner authorises Senior & Junior Assistant to carry out physical verification of business
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Decoding 15 digits of GST Number:
Decoding 15 digits of GST Number:
As we all know, GST number is a 15 digit number. Under Goods and Service Tax Act, each tax payer is allotted GSTIN Number. GSTIN is described as Goods and Services Taxpayer Identification Number.
The question arises ...
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