Autodesk Asia Pte. Ltd. Vs ACIT (ITAT Bangalore) It was the case of the assessee that the sale of software / hardware was made outside India and the proceeds received from Indian distributors / customers was received by the assessee outside India. In the draft Order of Assessment, the AO treated the money received by […]
State Bank of Patiala Vs Commissioner, Central Excise and Central Goods and Service Tax (CESTAT Delhi) Appellant urges that the show cause notice is misconceived, as prima facie giving of loans is not an output service, rather money in real terms somewhat akin to goods, goes out of the bank when the loan is advanced. […]
Case No. CVD OI- 05/2020 Anti-subsidy investigation concerning imports of ―Viscose Rayon Filament Yarn above 60 deniers originating in or exported from China PR.
For loans to SHGs above ₹10 lakh and up to ₹20 lakh, no collateral should be charged and no lien should be marked against savings bank account of SHGs. However, the entire loan (irrespective of the loan outstanding, even if it subsequently goes below ₹10 lakh) would be eligible for coverage under Credit Guarantee Fund for Micro Units (CGFMU)
‘THE TAXATION LAWS (AMENDMENT) BILL, 2021‘ introduced in Lok Sabha on 05th August 2021 (passed on 06th August 2021) proposes to amend the Income Tax Act, 1961 and the Finance Act, 2012 to scrap the effect of RETRO TAX amendment which took place in the year 2012 after Supreme Court judgement dated 20th January 2012 […]
When we go to a store to buy toothpaste, we often ask for Colgate and not for toothpaste. This is the power of Brand. The brand is nothing but the name of a company. Name decides the fate and future of the Company. One must be very diligent in choosing the name of the Company. […]
Sovereign Gold Bonds Scheme 2021-22, Open for Subscription Investing in gold is now much more easy and convenient, you just don’t have to buy any Gold bar or ornament from jewelry shop while you can purchase Sovereign Gold Bonds Issued by Reserve Bank of India , where we can enjoy Capital appreciation and fixed rate […]
TAAR held that, Applicant is a government entity liable to TDS provisions u/s 51 of CGST Act, 2017 and is also liable to pay tax under RCM in respect of legal services received by them.
Payment of Wages and Minimum Wages (Maharashtra Amendment) Act, 2010 is An Act further to amend the Payment of Wages Act, 1936 and the Minimum Wages Act, 1948, in their application to the State of Maharashtra and Provided that, all wages payable to the employed persons, who are in continuous service as stipulated in section […]
Payment of Bonus (Maharashtra Amendment) Act, 2010 provides that All amounts payable to an employee by way of bonus under Payment of Bonus Act, 1965 shall be paid either by an account payee cheque drawn in favour of the employee or by crediting the same in the bank account of an employee. Full text of […]
