Direct Remittance or D-Remit – an additional option to contribute – is now available for the Subscribers. D-Remit is an electronic system through which money can be transferred from Subscriber’s Bank account to the Trustee Bank directly. To use D-Remit, Subscriber is required to have a Virtual ID (Virtual Account). The introduction of the D-Remit […]
Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2020-21 (starting from 1st October ,2020 and ending on 31th December, 2020) shall remain unchanged from those notified for the second quarter of Financial Year 2020-21
The issue under consideration is whether service tax is applicable on income received from screening of movies for the annual film festival?
GMMCO Limited Vs Regional Provident Fund Commissioner (Madras High Court); The Madras High court held that is not possible to countenance the contention raised by the Learned Counsel for the Petitioner in W.P. No. 949 of 2020 that the decision of the Hon’ble Supreme Court of India in Surya Roshni Ltd. -vs- Employees Provident Fund […]
After experiencing the worst global financial crisis of 2008 and passing 12 year anniversaries of the crisis, there has been a good opportunity to reflect and learn what had actually happened and can it happen again.
DCIT Vs Manav Realty (ITAT Pune) It is evident from the reasons recorded by the AO that the initiation of reassessment proceedings was premised on the fact that the commencement took place at a date in variance with the one stated by the assessee in the original assessment proceedings. The ld. CIT(A) has aptly recorded […]
The issue under consideration is whether the advance to the seller of flat prior to the date of sale of old capital asset will be eligible for claiming deduction u/s 54 under capital gains?
CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 2nd October, 2020 vide Notification No. 95/2020-Customs (N.T.), Dated: 1st October, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 95/2020-Customs (N.T.) New Delhi, dated the 1st October, 2020 9 Asvina 1942 (SAKA) […]
Steel manufacturers can also claim Duty Drawback on steel supplied through their Service Centers/ Distributors/ Dealers/ Stock yards. Notification No. 35/2015-2020-DGFT dated 1st October, 2020 Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi ******* Notification No. 35/2015-2020-DGFT Dated the 1st October, 2020 Subject: […]
one of the essential conditions for undertaking any assignment by an IP is that he should have a valid AFA which is issued by the IPA with which he is enrolled. In other words, without AFA, an IP is not eligible to undertake assignments or conduct various processes thereof after 31st December, 2019. Regulation 7A was […]
