Case No. (SSR – 08/2021) Initiation of Sunset Review Investigation concerning imports of Uncoated Copier Paper originating in or exported from Indonesia and Singapore.
Case No. ADD-OI-11/2020 Anti-dumping investigation concerning the imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand.
Total Foreign Investment in an Indian Insurance Company, shall mean the sum total of direct and indirect foreign investment by Foreign Investors in such company, calculated in such manner as is specified in regulations made by the Authority with regard to registration of Indian Insurance Companies
Hon’ble Hyderabad ITAT has in the case of Value Momentum Software Services Private Limited in I.T.A. No. 2197/HYD/2017 has held that late deposit of Employees Provident Fund prior to 01-4-2021 will not attract any disallowance as the explanation inserted by Finance Act,2021 in section 43B and Sec 36(va) has prospective effect and the same will be applicable only from 01-04-2021
Tax Bar Association, Nizamabad has made a request for Extension of Due date in filing the Return of Income under Income tax act for the Asst year 2020-21 [Financial year ending 31st of March 2020] and timelines for TDS/TCS compliances for AY 2021-22. Full Text of their Request Letter is as follows:- TAX BAR ASSOCIATION […]
Recent important Updates in GST: There have been some changes in GST in the month of May 2021. Same has been discussed below – 1. Requirement of Rate of Tax in HSN table of form GSTR 1 2. Generation of form GSTR 2B for the month of May 2021 3. Extension of the due date […]
Under the FTP 2015-20, MEIS/SEIS intends to incentivise exports of goods manufactured in India or produced in India. The duty credit scrips can be utilised to pay customs duties on import of inputs or goods, safeguard duty, anti-dumping duty and any other customs duty under FTP 2015-20.
Applicability of TDS on the interest for delayed/late payment of consideration towards purchase of goods / services The TDS applicability on payment of interest would require examination under section 194A of the Act (dealing with the TDS on interest payments, other than interest on securities). The relevant provisions of section 194A of the Act are […]
The Indian Transfer Pricing Regulations (i.e. Section 92C of the Income-tax Act, 1961 read with Rule 10B of the Income-tax Rules, 1962) as well as the OECD Transfer Pricing Guidelines provide the following 5 common transfer pricing methods for evaluating the related party transactions undertaken between entities: 1. Comparable Uncontrolled Price (CUP) Method – The […]
Motor vehicles are an inextricable part of modern life commutation. The industry has grown clouds & skies over last century and is today one of the largest sectors in the economic scheme of things.
