Given the current COVID-19 outbreak in India, it is important that various stakeholders involved in the activities of exhibition of films take suitable measures to restrict transmission of the virus while conducting their operations and activities. The M/o Home Affairs, Government of India has permitted the opening of cinemas/theatres/multiplexes from 15 October 2020.
Feeling Stressed, Anxious or Overworked Within Your Workspace? If So, Fitness is Your Answer! Did you know that only one in three adults achieve the recommended amount of physical activity each week, and more than 80% of adults do not meet the recommended guidelines for both aerobic or muscle-strengthening activities? Within our daily lives which […]
Friends before going to the discussions, we have to refer the definition of TCS as per Sec.206C(1H) under Income Tax,1961. The Government of India newly introduced Tax Collection at Source (TCS) on sale of goods vide Sec. 206(1H) w.e.f.01.01.2020. Tax Collection at Source is the tax payable by a seller which he raised bills to […]
The GST regime had no provision for ascertaining the taxability of free supplies until 2019. Thus, to avoid uncertainty, double taxation at output and input stage and litigation, the need for a clarification aroused. This article shall analyze the latest circular issued by the CBIC in 2019 providing clarification on the issue concerning the taxability of free supplies under the GST regime.
Every company having Foreign Direct Investment (FDI), is required to report Reserve Bank of India (RBI). Herein, we are not describing and defining FDI and the same can be find in another article. The RBI, in the First Bi-monthly Monetary Policy Review dated April 5, 2018 announced that, with the objective of integrating the extant […]
The issue under consideration is whether CIT(A) is correct in confirming the enhancement of disallowance made by the AO over and above the amount disallowed by the assessee u/s 14A of the Act?
The issue under consideration is whether the payments made to C & F agents which is outright reimbursement of freight charges having no element of profit is liable to deduct tax at source under Section 194C of IT Act?
It has come to the notice of the Authority that some unauthorized entities are professing to be selling health plans by offering discounts on medical treatments or diagnostic tests. It is hereby clarified that only the IRDAI registered insurance companies, or their authorized agents and intermediaries registered by IRDAI can sell insurance products.
Office Of The Commissioner Of Customs (Ns-I), Appraising Main (Import),Jawahar Lal Nehru Custom House, Nhava- Sheva, Tal-Uran, Raigad-400707,Maharashtra (e-mail: appraisingmain.jnch@gov.in; Telephone No.022-27244979) F. No. S/22-Gen- 20/2020-21/AM (I)/JNCH Dated: 07.10.2020 STANDING ORDER NO. 34/2020 Sub: Standard Operating Procedure (SOP) for drawl of samples and surveillance by BIS Officers at Ports of Entry- reg. Attention of all […]
IKEA Trading (India) Pvt. Ltd. Vs. Commissioner of Trade and Tax (Delhi High Court) Facts- Appellant is engaged in local procurement and export of home furnishing products like carpets, dhurries, fabrics, plastic articles, lamps, soft toys. Appellant purchased products from a number of domestic vendors situated outside the state of Delhi against Form H. Such […]
