The petitioner has imported a prestigious costly Car from England. But, unfortunately not paid the Entry tax as per the Statutes. He filed a writ petition in order to avoid payment of Entry tax for the Car imported from England. The petitioner, who is a reputed Cine Actor, is expected to pay the tax promptly and punctually.
In re Global Gruh Udyog (GST AAR Gujarat) Authority for advance ruling, Gujarat, held that For classification of a product its ingredients, manufacturing process and trade parlance is important and not it’s size and shape. Accordingly, papad of any size and shape will attract NIL GST. Earlier it was held that fryums attracts 18 % […]
Central Board of Indirect Taxes & Customs (CBIC) Chairman Shri M. Ajit Kumar here today inaugurated the online filing of Authorised Economic Operators (AEO) T2 and T3 applications.
Clarification on Applicability of TCS And TDS on Buying and Selling of Bullion & Jewellery In view of Circular No. 13 of 2021, dated 30/06/2021 issued by Central Board of Direct Taxes, Ministry of finance, with regard to chargeability of TCS Vs TDS. Vide clause 4.9.5(v), following can be concluded.
Revised SEBI Provisions (Requirements and Compliances) (Quarterly, Half Yearly and Annual Compliances) Under 1. SEBI (LODR) Regulations, 2015; 2. SEBI (SAST) Regulations, 2011 3. SEBI (Prohibition of Insider Trading) Regulations, 2015; and 4. SEBI (Depositories and Participants) Regulations, 2018. 1) Quarterly Compliance COMPLIANCES UNDER 1. SEBI (LODR) Regulations, 2015; AND 2. SEBI (Depositories and Participants) […]
Discover the ways to detect and control motor insurance frauds in India. Learn how legal professionals support bogus accidents for false claims.
We know that before Finance Act, 2020 a dividend received from a domestic company is exempt in the hands of shareholders. Because company declaring dividend is required to pay Dividend Distribution Tax (DDT) under provisions of Section 115O of the Income Tax Act,1961 before crediting amount of dividend into account of shareholders. Many business houses […]
If the assessee by mistake has wrongly registered itself under a wrong category that does not mean that the said mistake is not curable or that the assessee is to be punished for its bona fide mistake
Detailed Overview Of Foreign Liabilities And Asset (Fla) Return (Covering Applicability, Steps, And Instructions For Filing Of Fla Return) OVERVIEW FLA (Foreign Liabilities and Asset) return is a return filed with RBI on annual basis depending on the applicability of certain provisions of Foreign Exchange Management Act, 1999 (FEMA) on below entities: a) Any entity which […]
VARIOUS TAXATION ASPECTS- NRI IN INDIA Hello everyone today’s article is about taxation impact in India from all corners of law in case of people who are living in India and are working for Foreign Entity. In the light of this pandemic, we are experiencing work from home (WFH) concept where people are employed with […]
