Day: April 24, 2022
42 articlesIncome Tax

Income Tax
TDS Rate on subcontracting charges paid to Chinese subsidiary will be 10% instead of 20% under Indo-China DTAA
Income Tax

Income Tax
A Poetic Tribute to the New Era of Faceless Assessments
Corporate Law

Corporate Law
Section 14 of Consumer Protection Act permits awarding punitive damage for non-deploy of airbags
Goods and Services Tax

Goods and Services Tax
As per principal provision of Section 56 of CGST Act, interest is payable @ 6% & not 9%
Service Tax

Service Tax
Liquidated damages, received under any contract, not liable to service tax
Income Tax

Income Tax
AO cannot assume Section 153C jurisdiction in absence of incriminating documents
Income Tax

Income Tax
Car hiring charges – TDS under Section 194I Or Section 194C?
Excise Duty

Excise Duty
Mere use of words ‘willfully suppressed’ not enough to validate show cause notice
Income Tax

Income Tax
Interest income, converted into Government’s equity for Metro Project, not a revenue receipt
Income Tax

Income Tax
Provision of section 56(2)(vii)(b) not invocable on purchase of agricultural land
Income Tax

Income Tax
Section 234B & 234C Interest not leviable on additional income taxable due to unanticipated event
Income Tax

Income Tax
Section 271(1)(c) penalty order not sustainable if AO not mentioned specific charge
Goods and Services Tax

Goods and Services Tax
Discretionary Power to grant Stay under Telangana VAT Act must be exercised in a Fair & Judicious Manner
Corporate Law

Corporate Law
