CBDT amends Notification No. 14/2015 dated 16.02.2015 vide which CBDT notified Godrej Agrovet Limited – Oil Palm Extension Project under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 47/2021 -Income Tax Dated: 6th May 2021. MINISTRY […]
Analysis of sections providing concessional rate of tax (section 115BAA/ 115BAC/115BAD) The finance act 2019 introduced a new section 115BAA for domestic companies, which provides option to pay tax at concessional rate of 22% (Plus surcharge and Educational Cess). Further in line with the option provided to domestic companies, similar option is provided to Individuals/ […]
The Importance of maintenance of books and records needs no emphasis. Accounts & Records are the backbone of any business. In GST Law, there is lot of emphasis placed on the books and records. It is presumed that all business entities are aware of the nature of books and records to be maintained. GST Law […]
Details of State Nodal Authority appointed by States in respect of Adhoc Exemption Order 4/2021-Cus for IGST exemption Detail Contains State Name, Name of the Designated Person, Designation of the Nodal Authority, Office, Address of the Nodal Authority, Phone number and Email of the Nodal Authority. Download List of State/UTs Nodal Authority for Adhoc IGST […]
Delhi High Court issues ad-interim direction in the writ petition seeking extension of due dates for IT, GST, and VAT compliances amid COVID-19. Next hearing on 13.05.2021.
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Section 206AB of the Income Tax Act is recently introduced vide the Finance Act, 2021. Section 206AB mandates the person to deduct TDS in case of non-filing of an income tax return by the specified person. The present article briefly explains the provisions of section 206AB; the meaning of the term specified person; rate of […]
DCIT Vs Kewalram Textile Pvt. Ltd. (ITAT Ahmedabad) The power of the appellate authority to direct for the production of a document or examination of the witness as a matter of fact is in furtherance of any enquiry contemplated by Section 250(4) of the Act is contained in sub Rule 4 of Rule 46-A of […]
It has come to notice that some Private Ambulance Drivers/ Service providers are charging exorbitant rate(s) in Delhi during the COVID 19 Pandemic for transporting patients which is a matter of serious concern.
Compliance Relaxation to Business to Lessen Hardship of Covid 19 Wave-by Ministry of Corporate Affairs A. Circular No. 09/2021 dated 05/05/2021 – Covid 19 Relaxation ON CSR activities Following spending of CSR fund are eligible CSR activity under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013: creating health infrastructure for […]
