We have come a long way from when a man was anticipated to be the breadwinner and the sole earner in the family. During these horrible phase, a woman was expected to stay at home and do her sole work – look after the household. Today, women and men are economically and socially equal. The […]
I have received request from the Service Exporters for issuance of long pending Service Exports from India Scheme (SEIS) Notification by DGFT for the year 2019-20.
Vishan Swaroop Gupta Vs ITO (ITAT Jaipur) Credit in the ‘bank account’ of an assessee cannot be construed as a credit in the ‘books’ of the assessee as per section 68 of Income Tax Act, 1961. We observe that credit in the ‘bank account’ of an assessee cannot be construed as a credit in the […]
ITAT Bangalore ruling on jewellery dispute. Assessing gold bullion, jewellery values. Assessee vs DCIT case details. Read the full judgment.
Section 50CA Special provision for full value of consideration for transfer of share other than quoted share Section 50CA of Income tax Act, 1961 Read Rule 11UAA Analysis of above mentioned Section with Rule are as under:- Section 50CA i.e. Special provision for full value of consideration for transfer of share other than quoted share […]
As a community of tax payers and contributories to the growth of the nation, we write this, with a pained heart, that the recent actions and approach of FMO, MCA and others in our own Government, do not reflect the welfare mind state required of a People’s Government. Our discomfort is not with the Government but with the policies charted against its own people.
Application of bail by assessee was rejected as assessee had created three fake firms for procuring bills from the firms based at Delhi who had no purchases and tax which was not deposited for these transaction was utilized by the firms for not only availing ITCs but for getting the refunds by showing the sales to export units. Thus, refund was received for the tax which was actually never received by Revenue.
Govt notifies National Payments Corporation of India (NPCI) to undertake Aadhaar authentication Service of the Unique Identification Authority of India under section 11A of the Prevention of Money-laundering Act, 2002. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th January, 2021 G.S.R. 59(E).—In exercise of the powers conferred by sub-section (1) of section […]
The CIMS will be effective from 01.04.2021, i.e., Bill of Entry filed on or after 01.04.2021 for items as listed in this Notification shall be governed by CIMS. The facility of online registration will be available with effect from 15.02.2021.
Case No. ADD (O.I.) 34/2019- Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION FINAL FINDINGS New Delhi, the 28th January, 2021 Case No. ADD (O.I.) 34/2019 Subject : Anti-dumping investigation […]
