Finance - Government e-Marketplace, shortly known as GeM, is a digital platform that enables buying and selling of goods and services. GeM portal is a paperless; contactless and cashless online marketplace. The sole purpose of GeM is to enhance efficiency; transparency and speed in public procurement. In nut-shell, government departments/ agenci...
Read MoreFinance - 1 फरवरी को केन्द्र सरकार का 2022 का बजट आने वाला है और सभी क्षेत्र अपनी अपनी उम्मीदें व्यक्त कर रहे हैं और राहत का इंतजार कर रहे हैं. ले...
Read MoreIncome Tax - It is very common to purchase property in the name of our close relatives like spouse, children, parents and siblings. However it is important for us to understand from the legislative perspective, are we allowed to purchase the property in name of our relatives? If we are allowed to purchase the property on behalf of […]...
Read MoreIncome Tax - Section 80EEA of Income Tax Act: Additional deduction of interest payment in respect of housing loan (Co-related with Section 80EE & Section 24b of the Income Tax Act) A new Section 80EEA has been inserted by government to allow for an interest deduction from AY 2020-21 (FY 2019-20). The existing provisions of Section 80EE allow [&hel...
Read MoreGoods and Services Tax - Article explains Who is liable to get register in GST,What is the threshold limit for GST registration, Special category of States for GST Registration Requirement, What is aggregate turnover for GST, Who is Casual Taxable Person under GST and Who is non-resident taxable person under GST. Page ContentsWho is liable to get GST registration...
Read MoreCorporate Law - CCI imposes penalty on maritime transport companies for indulging in cartelisation The Competition Commission of India (‘CCI’) passed a final order against four maritime transport companies namely Nippon Yusen Kabushiki Kaisha (‘NYK Line’), Kawasaki Kisen Kaisha Ltd. (‘K-Line’), Mitsui O.S.K. Lines Ltd. (‘MOL’) and Nissan...
Read MoreIncome Tax - FORMAT FOR SHARING QUERIES ON HELPDESK E-MAIL ID Sr. No. Information Details Help Details of the Person facing problem 1 Grievance ID Mention Grievance ID, if already raised at e-fling portal 2 Name of the Person Mention name of the person who can explain the issue, if contacted by helpdesk team 3 Contact Number of […]...
Read MoreCorporate Law - The provisional payroll data of EPFO released on 20th January 2022 highlights that EPFO has added 13.95 lakh net subscribers during the month of November 2021, showing an increase of around 2.85 lakh net additions over the previous month of October, 2021 with a growth rate of 25.65%....
Read MoreCorporate Law - Exposing Amazon's yet another brazen and blatant violation of Competition Act, the Confederation of All India Traders (CAIT) has today filed a strong complaint with the Competition Commission of India against Amazon committing the fraud for seeking and obtaining approval of CCI for its illegal takeover of More Retail's stores in India....
Read MoreIncome Tax - Finance Act, 2021 has inserted specific section 89A in the Income-tax Act, 1961 to provide relief to NRI taxpayers who have an issue with respect to their accrued incomes in their foreign retirement accounts due to mismatch in taxation period....
Read MoreSiddharth Enterprises Vs Nodal Officer (Gujarat High Court) - Siddharth Enterprises Vs Nodal Officer (Gujarat High Court) 1. Since the issues raised in all the captioned applications are the same, those were taken up for hearing analogously and are being disposed of by this common order. 2. The order passed by this Court dated 22nd December 2021 reads thus: ...
Read MoreRatan Black Stone Vs Union of India (Jharkhand High Court) - Ratan Black Stone Vs Union of India (Jharkhand High Court) Learned counsel for the Respondents submits that earlier, this Court have been pleased to grant stay of recovery of service tax for grant of mining lease / royalty from the petitioners covered under the interim order dated 02.03.2021 passed ...
Read MoreGaurav Kumar Bansal Vs Union of India and others (Supreme Court of India) - Hon’ble Supreme Court has made clear that irrespective of the cause of death mentioned in the death certificate, if a family member satisfies the eligibility criteria mentioned in paragraphs 11(i) to 11(iv) as above shall also be entitled to the ex-gratia payment of Rs. 50,000/- on production of r...
Read MoreOracle Financial Services Software Limited Vs DCIT (Bombay High Court) - Oracle Financial Services Software Limited Vs DCIT (Bombay High Court) Existence of the reason to believe that income chargeable to tax has escaped assessment is a jurisdictional condition for invoking the power under section 147 of the Act, 1961, both within and beyond a period of four years from t...
Read MoreRavi Kumar Vs State of Telangana (Telangana High Court) - Ravi Kumar Vs State of Telangana (Telangana High Court) Admittedly, petitioner was arrested on 27.11.2021 and custody of petitioner was also sought for five days and the only allegation against the petitioner is that being a Chartered Accountant, without verifying the Bills of Entry and economic rat...
Read More(20/01/2022) - Beware of fraudsters extorting money in the name of Indian Customs! Indian Customs never calls or send SMS for paying Customs Duty in a personal bank account. All communication from Indian Customs contain a DIN which can be verified on CBIC website. Public Notice has been issued as below- OFFICE OF ...
Read More(24/01/2022) - In this reference, it is informed that the transition period for mandatory filing of applications for Non-Preferential Certificate of Origin through the e-CoO Platform has been extended till 31st March 2022. The existing systems for submitting and processing non-preferential CoO applications in manu...
Read More(24/01/2022) - SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 24th January, 2022 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2022 No. SEBI/LAD-NRO/GN/2022/68.—In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-sec...
Read More(24/01/2022) - These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022....
Read More(24/01/2022) - Seeks to rescind Notification No. 42/2016 – Customs (ADD) dated 8th August, 2016 to remove levy of ADD on PVC Flex Films vide Notification No. 3/2022-Customs (ADD), Dated: 24.01.2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 24th January, 2022 Notification No. 3/2022-Customs ...
Read MoreIt is common knowledge that the Income Tax on income of Rs.10 lacs in Individual status entails payment of Income Tax of Rs. 1,17,000/-. But, if you plan well, you need not pa...
Read MoreHOW TO SAVE MONEY WITHOUT INVESTMENT The income tax department have provided various deductions and exemptions to the taxpayers that can be subtracted from the taxable incom...
Read MoreA tax is a mandatory charge levied by the government on an individual’s or a business’s hard-earned income during any financial year. While paying taxes is certain and ine...
Read MoreSection 80EEA of Income Tax Act: Additional deduction of interest payment in respect of housing loan (Co-related with Section 80EE & Section 24b of the Income Tax Act) A n...
Read MoreWhenever a Budget is introduced in the Parliament, the middle income group primarily eye Section 80C of the Income Tax Act as it is the most popular and favourite section affe...
Read MoreNational Pension System (NPS) is still not very popular amongst individual assessees for the simple reason that people are not familiar with the advantages of NPS. It is one o...
Read MoreSimple Income Tax Calculator for the Financial Year 2021-22 in Excel for Salaried Individuals. Tax Planning in the beginning of the Financial Year is always better instead of ...
Read MoreIncome Tax Calculation F.Y. 2021 -22 in Excel आयकर गणना प्रपत्र वित्तीय वर्ष 2021 – 22 Fully Automatic Excel Program ...
Read MoreThe Short-Term Financial Forecast Tool is a fully-automated Excel-based automated tool for short-term financial forecasting. It can be readily deployed by any business witho...
Read MoreIn this Article we updates about the normal and Special Income tax rates applicable to different types of taxpayers for Financial Year 2019-20 and 2020-21 i.e. for assessment ...
Read MoreArticle discusses Income Tax Penalties for Failure to deduct TDS / TCS in full and part, Quoting false TAN in challan/ statements, Failure to apply for TAN, Failure to furnis...
Read MoreBlock of Assets :-The expressions Assets and Blocks of Assets w.e.f. 1-4-1999 shall mean a group of assets falling within a class of assets comprising:–Tangible Assets being...
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