The issue of treatment of additional payment for sugarcane price by Cooperative sugar mills as an income distribution to farmer members and resultant tax liabilities has been brought to notice of CBDT
Further, substantial amount of unaccounted cash was found stored in several private vaults. So far, unaccounted cash of Rs. 23.45 crore has been seized. One locker is under prohibitory orders.
We are still not out of the COVID-19 pandemic. The second wave of the pandemic overburdened the healthcare infrastructure of India. It also put a substantial financial burden on patients and their families. For many people, it was challenging to get appropriate care in such dire circumstances.
Ankit Gupta challenges assessment order and recovery notice in Rajasthan HC, citing lack of proper hearing. HC dismisses, citing alternative statutory remedy of appeal.
The uncertainty on whether corporations can avail input tax credit (ITC) for any expenditure made under Corporate Social Responsibility (CSR) is a longstanding one. In the absence of a clear-cut law, corporations have had to rely on specific AAR rulings to ascertain whether they can avail ITC for their CSR expenditure. However, inconsistent findings by […]
SEZ : Overview Special Economic Zones (SEZ) in India is a specially delimited enclave. Most importantly, the economic laws in this geographical area are different from the prevailing laws in other parts of India. An SEZ is deemed as a Foreign Territory for matters that relate to the Trade Tariffs, Duties, and Operations. To instill confidence […]
A new historical development in Tax regime; especially in Indirect Taxes evolves on 1st July 2017 in the shape of Goods and Service Tax (GST) after number of Constitutional & legislative changes and various Central and State Level Indirect Taxes are merged into a single regime, which is known globally as VAT (Value Added Tax). As […]
Dear friends, in this competitive market, when we start a new business then it requires huge capital investment (depending of nature of business segment) and trustworthy human resources to get success in our dream business. In most of the cases the entrepreneur has the vision and idea to start a new business but due shortage […]
Spices Board (Registration of Exporters) (Amendment) Regulations, 2021 as notified by Notification No. F. No. MKT-REGN/0002/2017 Dtd. 25th October, 2021 By exercising the powers conferred under Section 39 of the Spices Board Act, 1986, the Spices Board, with the previous approval of the Central Government, has notified a set of amendment regulations to further amend […]
Central Government, in consultation with the Chief Justice of the High Court of Manipur designates Special Court in the Manipur under Section 280A(1) of Income Tax Act 1961 vide Notification No. 124/2021 – Income Tax Dated: 25th October, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) (Investigation Division-V) New Delhi Notification […]
