TDS under GST is applicable since 1st October 2018. As per GST Law- Certain categories of registered persons will be require to deduct taxes while making payment to suppliers. Sec 51 of CGST Act deals with TDS on GST. Applicability If the contract value is more than Rs 2.50 Lakhs, the following class of persons […]
Mac Industries Vs ITO (ITAT Surat) No disallowance as AO did not get jurisdiction to go behind net profit shown by Profit and Loss Account except adjustments as per Explanation 3 Conclusion: Addition on account of interest incomes to be excluded in the computation of book profits was not justified by AO as per Explanation […]
GOVERNMENT OF MAHARASHTRA Department of Revenue mid Forest, Disaster Management, Relief and Rehabilitation, Mantralaya, Mumbai- 400 032 No: DMU/2020/CR. 92/DisM-1, date 30th December, 2021 ORDER Reference: (a).The Epidemic Diseases Act. 1897 (b) The Disaster Management Act. 2005 (c) Home Department —circular RLP-1221/Pra.Kra 280/Visha I B dated 23rd December, 2021. (d) Department of Disaster Management Relief […]
Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance – In view of prevalent uncertainty due to new variant of Covid-19, the relaxation provided is hereby extended till March 31, 2022.
The Institute is striving towards supporting the members by providing appropriate employment opportunities. The Institute is organizing Mega Placement Drives through its regional offices at Mumbai, New Delhi, Kolkata and Chennai for recruitment of Company Secretary(ies) in various Organisations and Firms of Practising Company Secretaries.
M/s Go Digit General Insurance Limited to discontinue the product DIGIT Group Total Protect Policy allotted UIN GODPAGP22103V032122 which is not compliant with Section 3(1) of Insurance Act, 1938 with immediate effect.
Tribunal held the addition to be erroneous and has considered in detail the nature and expenses in respect of which the assessee was sought to be penalized for not deducting the tax deducted at sources, holding that these expenses were in respect of the income accrued outside the territory for services rendered. With this finding the said question was rejected.
Power Weave Software Services P. Ltd. Vs Commissioner of Central Excise (CESTAT Mumbai) The appellant is in appeal against the impugned order wherein duty has been demanded from the appellant for import of the goods being 100% EOU, who obtained permission from Software Technology Parks of India (STPI in short) and goods were also liable […]
Customs officials detect around 1 kg of cocaine ingested as pellets by passenger at IGI Airport, one arrested In a display of tremendous alacrity, the Customs officers at Indira Gandhi International Airport (IGIA), New Delhi, unravelled yet another case of cocaine smuggling by detecting a case of human ingestion of specially designed pellets containing cocaine. […]
CBIC notifies Rate of Exchange of Turkish Lira against Indian Rupees with effect from 31st December, 2021 vide Notification No. 106/2021-Customs (N.T.) | Dated: 30th December, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 106 /2021 – Customs (N.T.) New Delhi, dated the 30th […]
