Exploring the world of DeFi: Discover how India is embracing decentralized finance and the implications it may have on the future of the financial industry.
The Preamble to the Constitution declares India to be a SOVEREIGN, SOCIALIST, SECULAR DEMOCRATIC REPUBLIC and a welfare state committed to secure ‘justice, liberty and equality for the people and for promoting fraternity, dignity of the individual and unity and integrity of the nation.’
It has come to the notice of the Head Office that few Proper Officers in the State are insisting on personal appearances or seeking extraneous information from the applicants seeking fresh registration under GST.
OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-II), MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SFIEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. email: apmainexp&jawaharcustoms.gov.in Phone:(022)-27242700 F. No. S/12-Gen-misc-12/2022-23/ AM (X) Date: 24.05.2022 STANDING ORDER NO. 03 /2022 Subject: Standard Operating Procedure for Export of Wheat as per para 1.05 of the Foreign Trade Policy 2015-2020 — reg. […]
Uncover the mysteries of transfer pricing and associate enterprises. Explore the etymology and concepts behind international and domestic transactions.
The assessee deposited this amount of Rs.2.20 crores in his bank account maintained with Punjab National Bank and the inference in which the normal man will draw is that the amount cannot be from any other source except from the transaction of sale of land because it is common in the transactions of immovable properties that there is under hand transactions.
ITAT Held that since no specific charge was framed either in the show-cause notice or in the body of penalty order and there was failure on the part of Ld. AO to frame specific charge against the assessee, the penalty would not be sustainable in the eyes of law. By deleting the impugned penalty, we allow the appeal.
The tax Auditor has also certified the deduction claimed as per Sl.No.33 of the Form No.3CD therefore, only for want of not filing Form NO.10CCB within the due date the claim of deduction should not be disallowed
ITAT held that the amount received by the assessee from sale of software and provision of software related services cannot be treated as royalty under Article 12(3) of the India – Singapore DTAA.
It is clear that, the transactions in respect of trading in derivatives referred to in Clause (ac) of Section 2 of Securities Contracts (Regulation) Act, 1956 carried in a recognized stock exchange are excluded from the definition of ‘speculation transaction’ described under Section 43 (5) of the Income Tax Act, 1961.
