1. There have been a lot of ambiguities have arisen regarding the payment made to a non-resident entity for the grant of the use of computer software by a businessman in India for internal business purposes. 2. The Income Tax Department has been treating such payments as royalty and accordingly, bringing the same to tax in India.
All registered assessee having turnover up to INR 5 crores in the preceding financial year. Scheme can be availed GSTIN based, i.e. assessee having multiple registrations under same PAN have option to avail the QRMP scheme for one GSTIN and Regular filing for other registration.
In the six elective papers at the Final level, the assessment is open book and case-study based. The question paper comprises of five case studies of 25 marks each, out of which candidates have to attempt any four within four hours. Each case study of 25 marks comprises of MCQs for 10 marks (5 MCQs of 2 marks each) and descriptive questions for 15 marks.
Haryana has notified the much criticized law for reserving 75% of new jobs in private sector for domiciles of the state i.e. candidates who were either born in Haryana or have been living in Haryana for at least 15 years. The bill called the Haryana State Employment of Local Candidates bill, 2020 was given assent […]
Principle of 80:20 is my favorite allocation for portfolio allocation Background The most common and first question comes to the mind of every person on the day he starts earning is where to invest savings and how should he invest so that he can reap maximum benefits out of the amount deployed by them. I […]
♦ Section 135 r/w Schedule VII of the Companies Act, 2013 (2013 Act) introduces the concept of Corporate Social Responsibility (CSR) as a statutory obligation of companies. Further, Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules 2014) deal with the CSR norms in detail. Vide notifications and/or amendments, more activities have been added to […]
ACIT Vs M/s. Mackintosh Burn Ltd (ITAT Kolkata) The issue is whether the addition in question can be made u/s 41(1). The ld. CIT(A) has already concluded that no additions can be made u/s 41(1) of the Act. He agreed that the propositions of law cited by the assessee are in its favour and hence addition […]
Central Government hereby notifies quota of 4 Lakh MT for import of Urad [Beans of the SPP Vigna Mungo (L.) Hepper] under HS Codes 0713 31 10, 0713 90 10 and 0713 90 90 of Chapter 7 of ITC (HS), 2017, Schedule – I (Import Policy), for the period up to 31st March, 2022
Seeks to further amend No. 6/2016-Customs (ADD), dated the 8th March, 2016 to extend the levy of Anti-Dumping duty on Phenol originating in or exported from European Union and Singapore, up to and inclusive of 7th June, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 3rd March, 2021 Notification No. 11/2021-Customs (ADD) G.S.R. 150(E).—Whereas, the […]
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. As per Information Technology Act 2000 Digital signatures mean the authentication of any electronic record using an electronic method or procedure of mathematical scheme to verify the authenticity of digital documents or messages. Also, a valid digital signature […]
