In India, Foreign Direct Investment (FDI) has been an important source of funds, in this article, we will discuss the Eligible Investee Entities and the Instrument of Investments in detail. ELIGIBLE INVESTEE ENTITIES 1. India Company 2. Partnership Firm/Proprietary Concern 3. Trust 4. Limited Liability Partnerships (LLPs) 5. Investment Vehicle 6. Start-up Companies 7. Other […]
Held that section 3 of the Customs Tariff Act, 1975, Antidumping Duty is to be construed as Customs duty and therefore in view of the amendment that was carried out in 2009 all the provisions of Customs Act and the Rules made thereunder are squarely applicable to Antidumping Duty and as such in case of warehoused goods duty applicable as on the date of clearance from warehouse is to be recovered in terms of Section 15 of the Customs Act, 1962. Therefore, we find that Ld. Commissioner has correctly held that Antidumping Duty is payable by the appellants.
During the last two decades there has been a significant development in the financial sector of India. Various banks and financial institutions have played an important role always in strengthening economic growth. Reserve Bank of India (RBI) has undertaken various initiatives which include good prudential measures, risk management as well as to develop monetary markets.
All Indian Citizens in Ukraine are advised to not move to any of the border posts without prior coordination with Government of India officials at the border posts (helpline numbers established) and the Emergency numbers of Embassy of India, Kyiv.
Database of Companies and Auditors under NFRA domain as on 31st March, 2021 as prescribed by the Central Government under Rule 3 (1) of NFRA Rules, 2018 and Advise to file Form NFRA-2- Annual Return.
It was held that there cannot be situation where two Assessing Officer would have simultaneous jurisdiction over the assessee. Accordingly, it was held that the Tribunal had rightly held that the issuance of notice under Section 148 (1) of the said Act by the non-jurisdictional Assessing Officer was without jurisdiction.
Hactom Agro Pvt Ltd. Vs National E Assessment Centre & ors (Bombay High Court) Hon’ble Bombay High Court quashed and set aside the assessment order passed in violation of the scheme under Section 144C of the Income Tax Act, 1961. The High Court observed that assessing officer exceeded the jurisdiction in passing the assessment order […]
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Held that the carry forward of business loss cannot be denied to the assessee merely on the ground that the statutory audit/tax audit was not completed within the prescribed period.
Section 195 of the Act governs the TDS deduction on payments to non residents. It states that any person responsible for making payment outside India to a company or a non company is required to deduct TDS at the time of payment or credit, whichever is earlier at the rates in force. Let us understand […]
