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Archive: 24 April 2021

Posts in 24 April 2021

Clearance of Pigeon Peas was allowed as there was valid registration of Advance Payment Certificate

April 24, 2021 594 Views 0 comment Print

Custom Authority had allowed the clearance of Pigeon Peas as there was valid registration of Advance Payment Certificate and registration certificate was binding on the respondents until the completion of the import quota mentioned therein and considering that assessee had imported the import item before 31.03.2021, assessee’s import was required to be declared as valid import under the FTP.

Benefits of Investing in India – From an NRI or Foreigner’s perspective

April 24, 2021 2295 Views 0 comment Print

Why a Non-Resident (NRI or Foreigner) should Invest in India? How investing in India would benefit an NRI or a Foreigner? Why India? any person who wishes to invest his/her hard-earned money would think about this before making a move toward India. In this article you will find enough of reasons why it would be […]

Updated Profession Tax Rates in Maharashtra

April 24, 2021 411808 Views 35 comments Print

Maharashtra Government has presented its Additional Budget on 05th June 2014 through its Deputy Chief Minister And Finance Minister Shri Ajit Pawar in his Budget FM has increased Minimum salary limit for Profession Tax from Rs. 5000 to Rs. 7500 which has come into effect from From July 2014 on salary payable in August 2014.

FAQs on Maharashtra Covid Regulations (Break the Chain)

April 24, 2021 1764 Views 0 comment Print

Government of Maharashtra Frequently Asked Questions regarding ‘Break the Chain’ order issued by the State Government dated 21st April, 2021 Sr No Questions Answers 1 Can Doctors and Medical Personnel travel across Districts without any restrictions Yes. Doctors and medical personnel can travel across districts using personal/ private/ public transport on the basis of an […]

Customers are in trouble due to abrupt closure of current accounts and TDS on cash withdrawals

April 24, 2021 3219 Views 5 comments Print

Customers facing trouble due to abrupt closure of current accounts and TDS on cash withdrawals. Learn more about the RBI guidelines and how it affects bank customers.

Search proceedings valid if jurisdictional facts exist for assumption of section 153A & 153C jurisdiction

April 24, 2021 912 Views 0 comment Print

S. R. Trust Vs ACIT (Madras High Court) Conclusion: Search proceedings had been rightly initiated as assessee had nothing to fear, they could as well place all the materials before AO for consideration and more so, the jurisdictional facts exist for assumption of jurisdiction under Section 153A as well as Section 153C of the Act. […]

Section 230 of Companies Act not to be pursued at liquidation stage under IBC

April 24, 2021 7005 Views 0 comment Print

MSME certificate was required to take benefit of Micro Small and Medium Enterprises (MSME) under Section 240A of Insolvency and Bankruptcy Code and it was not necessary to pursue Section 230 of the Companies Act at the stage of Liquidation, the same not being part of Procedure of IBC when the Corporate Debtor was in Liquidation.

Guidelines to trade associations for self policing to protect people from Covid-19

April 24, 2021 393 Views 0 comment Print

At present, the continuous high increase of covid cases across the Country is a matter of great concern for all of us. Even more worrying is that all the states have completely failed to stop the corona, due to which there is a famine of medical facilities across the country and people are moving from one place to another, pleading for help.

Profession Tax Provisions in Maharashtra with PT Rate Chart

April 24, 2021 407628 Views 102 comments Print

This article gives you basic information and practical aspects of the Maharashtra State Tax on Professions, Traders Callings and Employments Act 1975. This article will help to solve majority of the minor doubts which arise while complying under Maharashtra State Tax on Professions, Traders Callings and Employments Act 1975. The article covers the following points […]

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