"25 November 2021" Archive

All about Form 16 and 16A of TDS

Know everything about Form 16 & 16A of Tax Deducted at Source Let’s discuss the importance of one of India’s most crucial paperwork for taxes. Under section 203 of income tax deducted at source, there are three different types of forms that are filed. Form 16, Form 16A, and Form 16B, are the three different […]...

Posted Under: Income Tax |

Sudhir Chaudhary dropped from ICAI UAE event as a speaker

The 33rd Annual International Seminar of the Institute of Chartered Accountant of India (ICAI) UAE Chapter is going to be held on 25th and 26th November 2021. The theme of the event is ‘Building Resilience – Emerging Stronger’. The professional event of ICAI has recently got into the limelight because one of the appointed speakers [...

Posted Under: Income Tax |

Broker dealers incorporated in IFSC permitted to access exchanges outside IFSC

Circular No. F. No. 416/IFSCA/Global Access/2021-22 25/11/2021

IFSCA decided that registered broker dealers incorporated in IFSC shall be permitted to access exchanges in jurisdictions outside IFSC, subject to compliance with Chapter V of the CMI Regulations and the conditions laid out in this circular No. F. No. 416/IFSCA/Global Access/2021-22 Dated: November 25, 2021. International Financial Servic...

CBIC notifies Rate of Exchange of Turkish Lira wef 26.11.2021

Notification No. 94/2021 - Customs (N.T.) 25/11/2021

CBIC notifies Rate of Exchange of Turkish Lira against Indian Rupees with effect from 26th November, 2021 vide Notification No. 94/2021- Customs (N.T.) | Dated: 25th November, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 94/2021 – Customs (...

EPFO added new validation point in Form 11

In the New Form : 11 – Declaration Form, EPFO has added new validation point at Serial No. 12 asking employee to confirm whether he/she was EPF/EPS member on or before September 2014 and if he/she has withdrawn this amount or not.  Format of Form 11 is as follows:- New Form : 11 – Declaration […]...

Posted Under: Income Tax |

India & USA agree on a transitional approach on Equalisation Levy 2020

On October 8, 2021, India and United States joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain, and the United Kingdom) in reaching agreement on the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalization of the Economy....

Posted Under: Income Tax |

Income Tax Dept searches two real estate groups based in Delhi-NCR

The Income Tax Department carried out a search and seizure operation on two real estate groups based in Delhi-NCR on 17.11.2021. These groups are engaged in the construction of commercial and residential projects....

Posted Under: Income Tax |

IBBI invites comments on Cross-Border Insolvency under IBC, 2016

‘Cross-border insolvency’ denotes circumstances in which an insolvent debtor has assets and/or creditors in more than one country. With the rapid increase in globalisation and the advent of sophisticated communications technology, cross-border trade and investment has increased the dependence of national economies on each other....

Posted Under: Income Tax |

No GST exemption on online database, online books, newspapers, directories & non-educational journals

In re Manupatra Information Solutions Private Limited (GST AAR Uttar Pradesh)

Database and journals or periodicals are different thing and exemption is not available to online database, online books, newspapers, directories and non-educational journals under si. No. 66(b)(v) of the notification no. 12/2017-Central Tax (Rate) dated 28th June 2017....

18% GST payable on body building & mounting of body on chassis of Tippers, Tankers, Trucks & Trailers

In Adithya Automotive Applications Pvt Ltd. (GST AAAR Uttar Pradesh)

In Adithya Automotive Applications Pvt Ltd. (GST AAAR Uttar Pradesh) AAAR held that body building and mounting of body on the chassis of different models of Tippers, Tankers, Trucks and Trailers, on the chassis to be supplied by the Principal, on delivery challans, by collecting job work charges for such fabrication work is taxable @18%, ...

Search Posts by Date

December 2023