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Archive: 07 April 2022

Posts in 07 April 2022

Binary Options Trading Tips for New Traders

April 7, 2022 3528 Views 1 comment Print

When you’re trading binary options, the majority of the platforms present you with two key trading decisions. They are the call-and-put options. The idea is to choose a call option if you believe that the price of the asset you’re trading will increase. In contrast, put options are selected when the financial instrument’s price is billed to decrease.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 08.04.2022

April 7, 2022 1521 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th April, 2022 vide Exchange rates Notification No. 32/2022 – Customs (N.T.) dated the 7th April, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 32/2022 – Customs (N.T.) New Delhi, […]

Functioning of Central Registration Unit for GST registrations

April 7, 2022 2049 Views 0 comment Print

Chief Commissioner of State Tax, Rajasthan hereby assign the functions related to registration under the said Act. to the officers as mentioned in column no.2, for the purposes of Sections of the said Act mentioned in column no. 3 and for the jurisdiction as mentioned in column no. 4 against each of them in the table given below .

Rashtriya Krishi Vikas Yojana

April 7, 2022 3288 Views 0 comment Print

In 2007, the National Development Council, being concerned with the slow growth in the agriculture and allied sectors, launched the Rashtriya Krishi Vikas Yojana. It is an umbrella scheme that ensures the complete development of agriculture and allied sectors/ services. Earlier 100% of the funding under Rashtriya Krishi Vikas Yojana was via Central Government Grant. […]

GST on dismantling & installation of sleepers for Railways

April 7, 2022 2025 Views 0 comment Print

In re Utkarsh India Limited (GST AAR West Bengal) Question: Whether dismantling of existing sleeper fixing and/or installation of new (H-Bean Steel sleepers) is amounting to execution of original work and would attract IGST @12% in terms of Notification No. 20/2017-Integrated Tax (Rate) dated 22.08.2017? Answer: The instant supply is found to be a composite supply of […]

HC deletes penalty under GST as there was no intention to evade tax

April 7, 2022 8814 Views 1 comment Print

Considering the fact that there is only a technical breach committed by the petitioner and there is no intention to evade tax, I am inclined to quash the impugned order and allow this writ petition by directing the respondent to release the vehicle and the consignment to the petitioner, if the same has not been released already.

If no incriminating material found during Search- Section 68 additions not sustainable

April 7, 2022 1719 Views 0 comment Print

Since no incriminating material was found during the course of search, as regards the additions made u/s.68 of the Income Tax Act, therefore, no additions could be made.

No Service of draft assessment order – HC Quashes Assessment order

April 7, 2022 1608 Views 0 comment Print

Siddharth Sharma Vs Union of India & Ors. (Calcutta High Court) Ms Das De appearing for the respondents was given an opportunity by an order of this court dated March 17, 2022 to satisfy from record that a copy of the proposed draft assessment order was served upon the petitioner before passing the impugned assessment […]

Use of Aadhaar & how it is different from other government identity

April 7, 2022 993 Views 0 comment Print

Aadhaar is a unique 12 digit random number assigned to a resident which is apart from offline or physical  verification, verifiable online anywhere anytime using the Aadhaar authentication platform. Aadhaar authentication responds only with ‘yes/no’ answer.

Cost of consumable cannot be claimed as cost of improvement of Capital Assets

April 7, 2022 6465 Views 0 comment Print

Meeta Hasmukh Gandhi Vs ITO (ITAT Mumbai) From the details, it is evident that assessee is claiming cost of improvement, which are consumable items on account of furnishing sofa etc. The authorities below are correct that these items cannot be considered as cost of improvement for computation of capital gain. FULL TEXT OF THE ORDER […]

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