2 Archive - 23 October 2020

"23 October 2020" Archive - Page 6

Why the EMI Card is the more preferred payment option during a crisis

Managing one’s finances during a crisis can be a daunting task and it often teaches us a few things about being better at managing our finances. The good news is that today we have many tools at our disposal which allow us to get going during trying times. One such tool is the Bajaj Finserv […]...

Read More
Posted Under: Finance |

GST Interest on Gross Tax Liability : HC disposes writ as per Administrative Instruction

Parnika Commercial And Estates Private Ltd. Vs Union of India (Delhi High Court)

Parnika Commercial And Estates Private Ltd. Vs Union of India (Delhi High Court) Bu this writ Petitioner had sought a declaration that the liability to pay interest under Section 50 of the Central Goods and Services Tax Act, 2017  is confined only to the net tax liability and no interest is payable on the available […]...

Read More

No Tax on Interest accrued/ received by Indian PE from its HO/ overseas branches

MUFG Bank Ltd. Vs ACIT (International Taxation) (ITAT Delhi)

MUFG Bank Ltd. Vs ACIT (International Taxation) (ITAT Delhi) With respect to the addition on account of the interest received by Indian branches from head office and other overseas branches amounting to ₹ 3,499,476/–. During the year , assessee has received an interest of ₹ 3,499,476 from its head office and overseas branches. The a...

Read More