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Archive: April, 2021

Posts in April, 2021

Updated Profession Tax Rates in Maharashtra

April 24, 2021 415003 Views 36 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 2076 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 3822 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 1236 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 7554 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 684 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 431182 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 […]

CBDT notifies ‘Maa Umiya Temple’ under Section 80G(2)(b)

April 23, 2021 2163 Views 0 comment Print

CBDT vide Notification No. 36/2021-Income Tax Dated:  23rd April, 2021 notifies ‘Maa Umiya Temple managed by Vishv Umiya Foundation at Jaspur, Ahmedabad’ to be place of artistic importance and a place of public worship of renown throughout the state of Gujarat State for the purposes of Section 80G(2)(b) from Financial Year 2021-2022 MINISTRY OF FINANCE […]

Supply of license of pre-developed or pre-designed software amounts to supply of goods covered under heading 8523

April 23, 2021 2655 Views 0 comment Print

The AAR, Karnataka in the matter of M/S. SPSS South Asia Pvt. Ltd., [Advance Ruling No. KAR/ADRG/15 of 2021, dated March 24, 2021] held that, supply of license of pre-developed or pre-designed software by assessee amounts to supply of goods and said supply is covered under tariff heading 8523. Further, such supply of computer softwares […]

Extend Compliance time period in second wave of Covid 19

April 23, 2021 29508 Views 3 comments Print

PDH Chamber Of Commerce And Industry requested Finance Minister, Smt. Nirmala Sitharaman to extend the time period regarding Legal and Statutory compliances in the second wave of Covid 19. Full text of their representation is as follows:- PDH CHAMBER OF COMMERCE AND INDUSTRY Sanjay Aggarwal President Comm -14 22nd April 2021 Respected Smt. Nirmala Sitharaman […]

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