Calcutta High Court Quashes Notices under Section 148 of Income Tax Act, 1961 which were Issued After 31st March 2021 in 1083 cases. Bagaria Properties and Investment Pvt. Ltd. & 1082 Anr. Vs. U.O.I & Ors.
ITAT hold that the amendment to section 36(1)(va) and 43B of the Act will not have application for the relevant assessment year, namely assessment year 2018-2019.
ITAT hold that the provisions of sec.115JB are not applicable to a banking company i.e. the assessee herein also. Having held that the provisions of sec.115JB are not applicable to the assessee, we are of the opinion that grounds No.19 to 22 need no adjudication at this stage.
The study demonstrates that investors have begun to perceive company performance as a critical aspect when deciding to invest, particularly in light of the volatile climate in the capital market. Corporate governance generally thought to inspire, enhance, and retain investor trust by maintaining the continuing brand to increased productivity and expansion. Corporate governance has emerged […]
MGT 7A Attachment Format XYZ PRIVATE LIMITED CIN REG. OFFICE: LIST OF DIRECTORS a) Details of directors and Key managerial personnel as on the closure of financial year ended on March 31, 20XX Sr Name DIN Date of appointment Designation Date of cessation (after closure of financial year: If any) 01 Director – 02 Director […]
Prevailing rate of RODTEP/ROSCTL is approximately 79%-80% of license value, it is a big cause of concern for exporters, as rate of MEIS before reopening of MEIS window was 96%-97%. This huge difference in price of RODTEP/ROSCTL is eroding profitability of exporters. Besides huge supply of MEIS / RODTEP/ ROSCTL, main reason for reduction in […]
An association/person, having a definite cultural, economic, educational, religious or social programme may accept foreign contribution by obtaining a certificate of FCRA registration from the Central Government. The association applying for FCRA registration – ♦ Must be a society registered under Societies Registration Act, 1860 or a trust registered under Indian Trusts Act, 1882 or […]
The FCRA is applicable to all associations, groups, trusts and Non-governmental organizations which intend to receive foreign donations. The foreign contribution regulation act (FCRA) has come in 2010. In order to receive a foreign contribution, one has to get registered under the FCRA. The FCRA was enacted with the primary purpose of regulating the inflow […]
Mamta Bhavesh Dave Vs ITO (Gujarat High Court) ITAT adjudicated the controversy as regards the deduction of remuneration/interest on the partners capital not claimed by the assessee i.e. the partnership firm in its profit and loss account. The Tribunal took notice of the fact that the CIT Appeals had directed to tax the amount of remuneration/interest […]
CBDT vide Notification No. 8/2022-Income tax notifies Rule 8AD Computation of capital gains for the purposes of sub-section (1B) of section 45 i.e. Computation of capital gains, not exempt under Section 10(10D). MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 18th January, 2022 Notification No. 8/2022-Income tax G.S.R. 24(E).—In […]
