Conditions For The Setting Up And For Conduct of Direct Selling Business In State of Karnataka CONDITIONS FOR THE SETTING UP OF DIRECT SELLING BUSINESS: -Every Direct selling entity carrying out or intending to carry out direct selling business in India shall submit an application to the Department of Consumer Affairs. -Direct selling entity shall […]
Direct Selling / Multi Level Marketing (MLM) / Network Marketing Guidelines For The State of Tamilnadu Every Direct selling entity intending to carry out direct selling business shall within ninety days after publication of the notification in the Gazette of Tamil Nadu comply the conditions for the conduct of direct selling business. Every Direct selling […]
In re Tirumala Milk Products Pvt Ltd (GST AAAR Andhra Pradesh) The applicable HS Code for Flavoured Milk is 2202 9930 and GST rate is 12 % (6% CGST and 6% SGST) under entry no 50 of schedule II of Notification No. 1/2017 – Central Tax (Rate) Dated 28.06.2017. Whether ‘flavoured milk’ can be considered […]
Nidhi Company– A Company Which Has Been Incorporated With The Objective Of Cultivating The Habit Of Thrift And Savings Amoungst Its Members, Receiving Deposits From And Lending To Its Members Only, For Their Mutual Benefit, And Complies With The Rules Of Chapter Xxvi Nidhis Rules, 2014 Made By The Central Government. In General Terms It […]
When an Assessing Officer complete assessment on the basis of return and other documents submitted by an assessee. In this process an Assessing Officer can complete assessment without passing a Regular Assessment Order. The presence of an assessee or his/her Authorised Representatives are not required.
Generally, a person invested his/her surplus assets into various types of assets to get capital appreciation and better results. The investment in capital assets will be held to get better results by selling those assets after holding short or long period of time. The treatment of income on sale of asset will depends on the […]
Section 153A only states that an assessment in terms thereof shall be completed in terms of the provisions of the Income Tax Act, 1961 as if such return were a return required to be furnished under Section 139. It would thus suffice that in framing an assessment under Section 153A, due regard must be given to the principles of natural justice, which requirement will stand satisfied either by issuance of notice under Section 143(2) or a question-naire under Section 142(1). Therefore, a notice under Section 143(2) was not to be mandatorily issued prior to completion of an assessment in consequence of a notice under Section 153C.
Currently Paytm Money Limited (PML) does not charge advisory or execution fees, and intends to avail of reimbursement of the service related out-of-pocket expenses such as KYC, PG, technology hosting. platform maintenance etc. form Asset Management Companies (AMC) whose direct plans they are selling, as PML is bearing the cost that the AMC would through […]
Saurabh Sharma Vs Sub-Divisional Magistrate (Delhi High Court) The word ‘public place’, has to be interpreted in this case in the context of the COVID pandemic. To determine what constitutes a `public place’ the manner in which the Coronavirus can spread is the crucial part. It is now settled and accepted universally that the corona […]
Sudesh Kedia Vs Union of India (Supreme Court of India) 1. According to the prosecution, the Appellant was providing financial support to TPC and the material gathered during investigation discloses that the Appellant has committed offences under Section 17 of the Unlawful Activities (Prevention) Act. 2. The Appellant stated that the terror suspects contacted him […]
