Legal requirements for selling goods or services through social media platforms like Instagram, Facebook, YouTube etc. We all have presence in social media. It keeps us connected and makes us approachable. One of the most important & emerging area in Social media would certainly be selling goods or services through Social media networks like Facebook, […]
Sungrow Impex Private Limited Vs ITO (ITAT Delhi) Conclusion: CIT had recorded his satisfaction for reopening of the assessment in a most mechanical manner without considering even the assessment records or the return of income filed by assessee and his satisfaction appeared to be in a ritualistic and formal rather than meaningful. Therefore, such approval […]
ABSA Bank Limited Vs Commissioner, South African Revenue Service (High Court of South Africa) FULL TEXT OF THE JUDGMENT/ORDER of SOUTH AFRICA HIGH COURT Introduction [1] The applicants, Absa Bank Ltd and its wholly owned subsidiary Absa Towers (Pty) Ltd hereafter referred to, collectively, as Absa, seek to review two decisions of the respondent, the […]
Concession in Stamp Duty by 1 percent over the prevailing rate exclusively to Women, provided the transfer of house property or registration of sale deed is in the name of women. Increasing State Excise Duty to Rs. 220 percent of manufacturing cost or Rs. 187 per proof litre whichever is high on branded country liquor only.
DGGI Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Ravinder Kumar (aka Ravinder Garg), resident of New Delhi on charges of creating and operating fictitious firms on forged documents which were used in availing of and passing on Input Tax Credit on bogus Invoices without actual receipt and supply of goods or services.
The Income Tax Department carried out search and seizure operation on 10.03.2021 on two separate persons based in Kolkata, who are engaged in handling of cash of others on commission basis. The search was carried out based on intelligence gathered by the Department.
Only User name (which is Associate/Fellow membership no. for example A12345 / F1234) is required. Form-BB is also available there. The same is to be downloaded, filled, signed and uploaded. Thereafter payment of the requisite amount being shown be made.
Under the Income-tax Act, 1961, Originally jewellery was treated as personal effects (you can simply understand personal effects as movable property of any kind for personal use of the assessee or any member of family of the assessee dependent on him) like other personal effects (e.g. cars, furnitures, wearing apparels, mobiles, televisions etc.) therefore there […]
India is the part of WTO agreement, wherein it was agreed by all the countries that taxes will not be exported. In other words, tax will not be part of value of cost & services which is getting exported. One of the objective as mentioned in Para 1.06 of Foreign Trade Policy 2015-19 on the […]
The IFSC can become an important gateway for international investors and businesses to access and participate in the India growth story. This role is currently played by other regional financial centres in Asia, the Middle East, and Europe.
