Finance Act 2021 introduced section 194Q which is applicable w.e.f. 1st July 2021. As per Section 194Q(1), ‘Any person, being a buyer who is responsible for paying any sum to any resident (hereafter in this section referred to as the seller) for purchase of any goods of the value or aggregate of such value exceeding […]
There was a great need of the time following the era of digitalisation in India during the last decade, as use of smart phones have increased to a significant extent, which in turn have rapidly increased the promotional and advertising activities through digital modes like various business and corporate houses, start-ups in India hasstarted promoting […]
Gurcharan Singh Vs Ministry of Finance (Delhi High Court) 1. Persons who are similarly circumstanced as the petitioner, i.e., those who obtain imported oxygen concentrators as gifts, for personal use, cannot also be equated with those who import oxygen concentrators for commercial use. Therefore, notification bearing no. 30/2021-Customs, dated 01.05.2021, will also have to be […]
1) Under redevelopment schemes, societies intents to undertake redevelopment of existing building owned by them and for that purpose they enter into Development Agreements with Developer. 2) In this scenario, Developer will undertake new construction on the plot of land, following demolishing existing building, and will offer flats to existing members of the Society without […]
ABSTRACT The agriculture sector is a very significant sector in the growth of the Indian economy. India is amongst the largest producer and exporter of agricultural products such as wheat, rice, sugarcane, and spices in the world. The agricultural sector is also one of the major sectors for employment in rural India. Since, the independence […]
Today entire world including India is badly hit by COVID virus and struggling hard to save the mankind. The medical fraternity and other stakeholders are leaving no stone unturned in medical treatment and health care. When we look at health care related services , it includes supply of goods, drugs and treatment . Today, on […]
The AAR Uttar Pradesh, in the matter of North Shore Technologies (P.) Ltd. [Order No. 59 of 2020 June 29, 2020] has held that, arranging the transport facility for the employees by the company engaged in business of software development is not an activity which is incidental or ancillary to the activity of software development, […]
In the year 1962-63, The Institute of Chartered Accountants of India has established a society Registered under the Societies Registration Act, 1860 in the name of ‘The Chartered Accountants’ Benevolent Fund’ having a Registration No. S-2185 of 1962-63. The membership of the Fund shall be open only to those who are members of the Institute […]
Authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the conditions mentioned under different clauses of Section 132(1) of the Act are satisfied.
The Central Board of Direct Taxes after considering the severe continuing COVID-19 pandemic situation in the country, vide Circular No. 9 of 2021, dated 20 May 2021, has extended the deadlines of certain compliances for the Assessment Year 2021-22
