Ministry of Corporate Affairs Vs. Apollo Tyres Ltd. & Ors. (Competition Commission of India) The Competition Commission of India (CCI) had passed a final order dated 31.08.2018 against five Tyre companies namely Apollo Tyres Ltd., MRF Ltd., CEAT Ltd., JK Tyre and Industries Ltd., Birla Tyres Ltd. and their association i.e. Automotive Tyre Manufacturers Association (ATMA) for […]
The Central Bureau of Investigation has arrested a Superintendent of Customs, Motihari (Bihar) and a Computer Operator for demanding & accepting bribe of Rs. 50,000/- from the complainant.
In Budget 2022, the government has officially termed digital assets including crypto assets under ‘Virtual Digital Assets’ (VDA’s) comprising of all the cryptos such as Bitcoin, Ethereum etc, and other digital assets such as Non-fungible tokens (NFTs).
Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers between 7th June to 15th August 2021 in accordance with Press Release dt.20th July 2021 In accordance with Press release dated 20th July 2021 issued by Central Board of Direct Taxes (CBDT), functionality for uploading Form 15CA and Form 15CB submitted […]
To eliminate the cascading effect, the government had introduced GST. but After the introduction of GST, one of the most convoluted issues was ‘Tax implication on sale of used or second-hand goods’. Because these second-hand goods have already borne the incidence of tax. To avoid double taxation on the supply of goods that have already been taxed, the government introduced the marginal scheme.
There is no change in the personal income tax rates of the individuals and HUF for Financial Year (‘FY’) 2022-23 in reference to Assessment year (‘AY’) 2023-24. Individuals and HUF have an option same as last year to choose between the Old tax regime and the New Tax regime as introduced in in Budget 2020.
Finance Minister Smt. Nirmala Sitaraman has announced the introduction of Digital Currency into the Indian Economy in Budget 2022. It would be Central Bank Digital Currency (CBDC). RBI will bring this New Format of Currency in the Upcoming Financial Year. CBDC is a big move for the Indian Economy and India will become the first […]
The Budget 2022 has witnessed a renewed push for digital India – be it digital rupee, e-passport, e-Vidya, digitization of land records, digital banking, digital universities, the Government has laid out a digital vision towards new India. The Government has rightly always sought to immerse technology in the optimum manner in it’s pursuit towards ease […]
1) Before analysing the newly inserted sub-section (8A) to Section 139 for filing of updated return, brief overlook of the existing provisions of U/S. 139 of filing of Return.
Interest on income tax refund received by the non-resident companies shall be taxable as per the provision of Tax Treaty irrespective of the fact that whether the assessee has PE in India or not.
