"16 May 2022" Archive

CBIC instruction on Amendment in Export Policy of Wheat

Instruction No. 05/2022-Customs 17/05/2022

Central Government has prohibited the export of various categories of Durum Wheat (as at S.no. 59 of Chapter 10 of Schedule2 of the ITC (HS) related to export policy of wheat) (Annexure-I) except for certain shipments....

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CRUX of Section 108, 109 & 110 of Companies Act, 2013

Section 108 of Indian Companies Act 2013 contains provisions for ‘Voting through electronic means’,  Section 109 of Indian Companies Act 2013 contains provisions for ‘Demand for poll’ and Section 110 of Indian Companies Act 2013 contains provisions for ‘Postal ballot’. VOTING THROUGH ELECTRONIC MODE D...

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Posted Under: Custom Duty |

GST – A Practical Approach – Construction Sector

This presentation is with respect to GST applicability on Construction Sector. The Construction Sector is one of the sectors where numerous amendments have been made in last 4 year. In this presentation author has tried to summarize such amendments in brief summary. In this regard, the Author has summarised applicability of GST from...

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CIRP can be initiated despite Pendency of Proceedings Before DRT, SARFAESI etc

Amar Vora v City Union Bank Ltd. (NCLAT Chennai)

NCLAT held that in view of the provisions of Section 238 of the I&BC 2016 the financial Creditor/ Operational Creditor/Corporate Persons can file an application under Section 7 ,9 & 10 of the I & B Code, 2016 before the respective Adjudicating Authorities even though in respect of same any proceeding pending before other forums on the gro...

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Posted Under: Custom Duty | |

Newly Introduced ITR-U For Filing of Updated Return

The Central Board of Direct Taxes (CBDT) has notified a new Rule 12AC and a new Form ITR-U which shall be required to be filed along with the respective ITR, to furnish an updated return...

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Posted Under: Custom Duty |

CARO 2020-Key changes and disclosure requirement

Introduction:             The Central Government, in exercise of the powers conferred, under sub-section (11) of section 143 of the Companies Act, 2013 (Act), issued the Companies (Auditor’s Report) Order, 2020, (CARO 2020/Order) vide Order number S.O. 849(E) dated 25th February 2020 and was subsequently amended vide number S...

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Posted Under: Custom Duty |

Request to announce Tax Amnesty Scheme under state laws & CST Act

Request to announce Tax Amnesty Scheme / one time settlement scheme for pending demand, disputes, appeals, litigations and recovery under various state laws and CST Act....

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Posted Under: Custom Duty | ,

Section 139(8A) of Income Tax Act: ITR-U (Updated Income Tax Return)

The income tax department has notified Form ITR-U under Section 139(8A) of the Income Tax Act, 1961 for filing the ‘Updated’ income tax return. The government introduced the concept of updated return in income tax in the Union Budget 2022. The new provision allows the taxpayers to update their ITRs within two years of filing, [&hellip...

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Posted Under: Custom Duty |

Delhi HC Orders Blocking of 12 Websites pirating Contents of Universal City Studios

Universal City Studios Llc & Ors. Vs Vegamovies Run & Ors. (Delhi High Court)

Universal City Studios Llc & Ors. Vs Vegamovies Run & Ors. (Delhi High Court) Defendant Websites provide illegal content for free and such availability of content is supported by the advertisements featuring on these websites. The primary purpose of the Defendant Websites is to commit or facilitate copyright infringement. Thus, De...

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How To File Salary TDS Return – Form 24Q

The due date for filing TDS returns under Income Tax is nearing. The Deductors have sped up their process of filing TDS Returns and those who are yet to file them must do so before the last date. The due date to file Form 24Q for the 4th Quarter of FY 2021-22 is 31st May […]...

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Posted Under: Custom Duty |

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