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Archive: 20 January 2021

Posts in 20 January 2021

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7017 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

‘Address of delivery’ & ‘Address on record’ under GST

January 20, 2021 21153 Views 0 comment Print

In this article I am taking two inter related definitions for discussion. Central Goods and Services Tax Act, 2017 specifically defines ‘address of delivery’ and ‘address on record’ under sub-section (2) & (3), respectively, of section 2. It is worth to mention that none of the said term was defined in the Central Excise Act, 1944, Customs Act, 1962, The Finance Act, 1994 or Rules framed under the said Acts.

Section 37 General Deductions allowed for Business & Profession

January 20, 2021 90198 Views 2 comments Print

According to Section 37 of the Income Tax Act, 1961, any expenditure not being the expenditure allowed under Sections 30 to 36 and not of capital or personal nature and which are expended exclusively for the purposes of the business or profession are allowed while computing the income from business or profession. Conditions laid out […]

New Process to Submit Response for Income Tax Refund

January 20, 2021 72438 Views 20 comments Print

1. A taxpayer may have received an e-mail informing that his return has been processed and the refund amount will be credited to the pre-validated bank account. He must be wondering even after so many days why the amount has not been reflected in his account. 2. The Income Tax department has initiated a new […]

Report of Working Group to Study Cyber Liability Insurance

January 20, 2021 540 Views 0 comment Print

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref. No:– Date:20-01-2021 Exposure Draft Re: Report of the Working Group (WG) to Study Cyber Liability Insurance. A Working Group was set up by the Authority vide order Ref: IRDAI/NL/ORD/MISC/260/10/2020 dated 19th October, 2020 to Study Cyber Liability Insurance. The Working Group has submitted its report in two parts, Part-I (Page. No:1 […]

Section 35AD Deduction towards expenditure on specified business

January 20, 2021 162855 Views 1 comment Print

Deduction available towards expenditure on specified business under section 35AD of the Income Tax Act is briefly explained in the current article. Article explains Provisions of section 35AD of the Income Tax Act, Conditions for claiming deduction under section 35AD, Amount of deduction available under section 35AD and List of specified business covered under section […]

Re-decide on question of grant of refund under Assam VAT: HC directs department

January 20, 2021 1113 Views 0 comment Print

VA Tech Wabag Ltd. Vs State of Assam (Gauhati High Court) The Rule 29 of the Assam Value Added Tax Rules 2005 provides that a claim for refund as provided under Section 50(1) of the AVAT Act, 2003 shall be made in Form 37 within 180 (one hundred and eighty days) from the date of […]

Section 11(2) exemption cannot be denied merely for discrepancy in fund accumulation object in Form No. 10

January 20, 2021 13569 Views 0 comment Print

Lack of declaration in Form No.10 regarding specific purpose for which funds were being accumulated by the assessee trust would not be fatal to the exemption claimed u/s.11(2) of the Act.

Anti-dumping investigation concerning imports of Aniline from China

January 20, 2021 855 Views 0 comment Print

Case No. ADD(OI) 33/2019 Final Findings in the Anti-dumping investigation concerning imports of Aniline from China PR.

Sunset Review investigation concerning imports of Cold-Rolled Flat Products

January 20, 2021 936 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION FINAL FINDINGS New Delhi, the 20th January, 2021 Case No- AD-SSR 08/2020 Subject: Sunset Review investigation concerning imports of Cold-Rolled Flat Products of Stainless Steel of width 600 mm to 1250 mm and above 1250mm of non bonafide usage originating in […]

Anti-Dumping Investigation on imports of Methylene Chloride from China

January 20, 2021 1587 Views 0 comment Print

Case No. AD-SSR-09/2020 Sunset Review Anti-Dumping Investigation concerning imports of Methylene Chloride originating in or exported from China PR

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