The issue under consideration is whether the TCS u/s 206C at 1% will be applicable on sale of scrap not generated out of manufacturing activities?
Investor Education and Protection Fund (IEPF) is a fund that is created by Central Government under section 125 of Companies Act, 2013 for promotion of investors’ awareness and protection of interests of investors.
Ministry of Environment, Forests and Climate Change has come out with Uniform Framework for Extended Producers Responsibility on 26th June 2020 and is open for public comment upto 31st July 2020. India generates approximately 25,000 to 30,000 tonnes of plastic waste every day. Approximately 10,556 tonnes of this waste remains uncollected and thus reaches landfills […]
INTRODUCTION A trademark, one of the most important Intellectual property incorporates any word, name, image, or any mix, used , or expected to be used, in business to recognize the products of one producer or dealer from merchandise fabricated or sold by others and to show the wellspring of the products. It is an imprint […]
Section 12A/12AA of The Income Tax Act, 1961 deals with registration of Charitable Trust/Institutions. In order to get the Trust/institution registered under Section 12A/12AA, the application should be submitted to Commissioner of Income Tax.
CBDT Extends Time Limit for processing of Income Tax Return with Income Tax Refund Claims u/s 143(1) for AY 2017-18 in Non scrutiny cases till 31.10.2020.
SEBI Master Circular for Commodity Derivatives Market updated till 10th July 2020 is a compilation of the circulars issued by Commodity Derivatives Market Regulation Department (CDMRD) pertaining to domestic commodity derivatives segment, which have been issued 10th July 2020. Securities and Exchange Board of india MASTER CIRCULAR SEBI/HO/CDMRD/DNPMP/CIR/P/2020/118 July 10, 2020 To, All Stock Exchanges […]
RBI decided to substitute the word ‘Venture Capital Fund Companies’ with ‘Alternative Investment Fund Companies’ in exercise of the powers conferred under section 45NC of RBI Act, 1934.
The issue under consideration is whether the details related to someone’s Income Tax Return can be obtained through Right To Information Act?
PCIT’s action under challenge is not sustainable since the Assessing Officer had taken one of the possible views only in this factual backdrop. It is reversed therefore.
