Muhammed Kochukudiyil Ishabeevi Alias Isha Shaefi Proprietress Nadiya Timbers Vs State Tax Officer (Intelligence) (Kerala High Court) Contention of the petitioner that she should be exempted from the requirement of paying interest and penalty while availing the option of payment of tax for the purposes of avoiding the show cause notice cannot be accepted. The […]
This article aims to give a brief overview of the Agency Problem as it exists in the Indian scenario. We will be analysing the three different types of agency problems and also discuss the best legal strategies to resolve them.
The board of directors of a company is primarily an oversight board. It oversees the management of the company to ensure that the interest of non-controlling shareholders is protected. It also functions as an advisory board.[1] This paper is divided into two parts. The first part of the paper talks about the corporate governance provisions […]
Big Clarifications by government on TCS on sale of goods w.e.f 1st Oct 2020 Analysis of New Section 206C(1H) 1. The Government of India has introduced a new Section 206C(1H) with regards to ‘Tax Collection at Source‘. Applicable to everyone having turnover of Rs. 10 crores in last financial year. 2. Every seller who has […]
Quick View: GSTR 2B : An informative statement Useful for : All taxpayer Effective from : August 2020 onward Available to download : 12th of subsequent month Nature : Static (data will not be changed once published) Introduction GSTN has incorporated a new functionality on its portal by enabling GSTR 2B with effect from August […]
Complete Analysis of Tax Collected at Source under Section 206C (1H) of the Income Tax Act, 1961 Tax Collected at source (TCS) is Income Tax which is required to be collected by the seller (Collector) from the Buyer along with the Price of Goods and applicable taxes. Provisions relating to tax Collected at Source has […]
Learn about the accounting treatment of refundable security deposit under Ind-AS 32 and Ind-AS 109. Understand the classification and reporting requirements for financial assets.
CBIC further amends notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe 5% BCD on Open Cell for LED/LCD TV Panels vide Notification No. 35/2020-Customs dated 30th November 2020. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 30th September, 2020 Notification No. 35/2020-CUSTOMS G.S.R. 599(E).—In exercise of the powers conferred by sub-section […]
(1) These regulations may be called the Sea Cargo Manifest and Transhipment (Third Amendment) Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.
Sea Cargo Manifest and Transhipment Regulations seek to bring about transparency, predictability of movement, advance collection of information for expeditious clearance and supersedes the earlier regulations viz. Import Manifest (Vessels) Regulations, 1971 and Export Manifest (Vessels) Regulation, 1976.
