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Archive: 23 June 2020

Posts in 23 June 2020

No Tax on Payment for link charges to USA telecom service providers

June 23, 2020 1980 Views 0 comment Print

Convergys Customer Management Group Inc. Vs ADIT (ITAT Delhi) The assessee made payment for link charges to telecom service providers in the USA and cross-charged the portion of the cost incurred by it in connection with the India half link to CIS, which was accordingly reimbursed by CIS to assessee. The assessee has merely procured […]

Introduction of Secretarial Audit

June 23, 2020 3675 Views 1 comment Print

Secretarial Audit a system to check the overall compliance of Laws, Rules, Regulations, Circulars, Notifications etc, which are applicable on an Organization.  Secretarial Audit ensure that the proper compliance system are in order. Why Secretarial Audit is Important? To Protect the interest of the stakeholders of the Company To avoid the fine, Penalties, Legal actions against […]

Income tax Search & Seizure : Whether a New Claim can be raised in Income tax Return Filed U/S 153A

June 23, 2020 12771 Views 0 comment Print

Understanding the provisions of assessment in case of search u/s. 153A: Learn about the special procedure for assessment of search cases under Chapter XIV-B.

New Tax Regime Vs. Old Tax Regime – A Comparative Study

June 23, 2020 32160 Views 13 comments Print

Budget 2020 introduced a new personal income tax regime for individual tax payers with more tax slabs and lower tax rates but it came with a catch of removal of all available deductions and exemptions.

Domestic Pressure Cooker (Quality Control) (Amendment) Order, 2020

June 23, 2020 1044 Views 0 comment Print

(1) This Order may be called the Domestic Pressure Cooker (Quality Control) (Amendment) Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

The Safety Glass (Quality Control) Amendment Order, 2020

June 23, 2020 2217 Views 0 comment Print

(1) This Order may be called the Safety Glass (Quality Control) Amendment Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Flat Transparent Sheet Glass (Quality Control) (Amendment) Order, 2020

June 23, 2020 942 Views 0 comment Print

(1) This Order may be called the Flat Transparent Sheet Glass (Quality Control) (Amendment) Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Transparent Float Glass (Quality Control) (Amendment) Order, 2020

June 23, 2020 1497 Views 0 comment Print

(1) This Order may be called the Transparent Float Glass (Quality Control) (Amendment) Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Section 10(46) exemption to Maharashtra Electricity Regulatory Commission

June 23, 2020 1146 Views 0 comment Print

Notification No. 34/2020- Central Government notifies ‘Maharashtra Electricity Regulatory Commission’, Mumbai , a commission established by the State Government of Maharashtra, in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 34/2020 New Delhi, […]

Section 10(46) exemption to Greater Noida Industrial Development Authority

June 23, 2020 3960 Views 0 comment Print

Notification No. 33/2020- Central Government notifies ‘Greater Noida Industrial Development Authority’, an authority constituted by the State Government of Uttar Pradesh, in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) Notification No. 33/2020-Income Tax New […]

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