Notice for applications for the post of Senior Standing Counsels and Junior Standing Counsels for Income Tax Department in Bombay High Court – Regarding. The Income Tax Department, Mumbai proposes to empanel eligible advocates for the post of Senior Standing Counsels and Junior Standing Counsels in terms of CBDT’s Instruction No 7 of 2016 dated […]
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 4th March, 2022 vide Exchange rates Notification No.13/2022-Cus (NT) dated 03.03.2022. MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No.13/2022 – Customs (N.T.) New Delhi, dated the 3rd March, 2022 12 Phalguna 1943 (SAKA) […]
i. Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM GST INV-01) and reporting the same on the Invoice Registration Portal (IRP). Invoices reported successfully on […]
Article explains March (2022) Month’s Legal Obligations for India under Income Tax Act, 1961, Central Goods and Services Tax Act, 2017, Foreign Exchange Management Act, 1999, Employees’ State Insurance Act, 1948, Employees Provident Fund & Miscellaneous Provisions Act, 1952 and Companies Act, 2013. March (2022) Month’s Legal Obligations for India (A) Income Tax Act, 1961 […]
The law related to labour’s minimum wages, safety, health and working Conditions and the Social Security are very complex in India. Many provisions of Labour Laws trace their origin to the time of the British Raj. However, with changing times, many of them either became ineffective or did not have any contemporary relevance. Rather than […]
Shalaka Infra-Tech India Pvt. Ltd. Vs Union of India (Bombay High Court) The Division Bench of Justice R D Dhanuka and Justice S M Modak of the Bombay High Court has expressed its concern over the allegations made by several assessees in various petitions about the repeated summons issued by the GST authorities for the […]
Held that the Revenue has failed to comply to the direction of the Bench in furnishing any report from the AO as to in what manner, the investigation carried out by the Directorate of Investigation, Kolkata and report of SEBI has any link with the transactions carried out by the assessee, we allow the claim of Long Term Capital Gain on account of sale of shares of M/s Esteem Bio Organic Food Processing Ltd. and consequently the exemption claimed u/s 10(38) of the Act.
If you’re thinking about starting a business, then you are at right place to decide whether you should start business individually or in partnership and which license are required for business. If you are thinking to start business individually then you can start business as sole proprietor or one person company and if you wants […]
In a significant step towards Atmanirbhar Bharat, Central Board of Indirect Taxes & Customs (CBIC) has reduced the compliances required under the Customs (Import of Goods at Concessional Rate of Duty-IGCR) Rules, 2017 and introduced end to end automation of the procedure involved
DRI officers have not been entrusted the functions under the Customs Act by the Government under section 6 and hence cannot perform such functions. SCN in this case was not issued by ‘the proper officer‘, i.e., the officer who had assessed the Bills of Entry in the first place.
