"08 August 2019" Archive - Page 3

No TDS on commission payment made to overseas agents

Pr. CIT Vs Komal Amin Exports Pvt Ltd (Gujarat High Court)

When the commission paid to the non-resident agents was neither received or deemed to be received in India nor accrued or was deemed to accrue in India, no income was chargeable to tax under the provisions of the Act. When the payment made by assessee to the overseas agent for services rendered abroad was not income chargeable to tax in I...

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Unlawful Activities (Prevention) Amendment Act, 2019

Notification No. 28 of 2019 (08/08/2019)

THE UNLAWFUL ACTIVITIES (PREVENTION) AMENDMENT ACT, 2019 received the assent of the President on the 8th August, 2019. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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Striking Equilibrium among Creditors in IBC, 2016

One of the most fascinating issues currently, is the classification, segmentation and prioritisation of creditors under the IBC Code. The intent of the legislature as reflected in the preamble of the Code, was to ensure availability of credit and balance interest of all stakeholders including alteration of the priority of order of recover...

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Posted Under: Income Tax |

Code on Wages 2019

F. NO. 29 OF 2019 (08/08/2019)

THE CODE ON WAGES, 2019 is An Act to amend and consolidate the laws relating to wages and bonus and matters connected therewith or incidental thereto....

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Section 80IBA- 100% Tax deduction on Affordable House construction Income

CBDT has inserted section 80IBA by Finance Act, 2016.The provisions of this sections are designed in such way that, it will help to achieve a goal of Housing for All by 31 March 2022....

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Posted Under: Income Tax |

GST Audit – An Analysis

Why Audit ? Whenever I start thinking of undertaking any kind of audit, a sense of exasperation and a little bit of despondency creep into me. Despondency because I will have to displease people again and again, exasperation because there will be unnecessary but obvious arguments not based on facts and logic but backed by […]...

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Posted Under: Income Tax |

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October 2020