"31 May 2022" Archive

CBDT notifies National Biodiversity Authority U/s. 10(46)

Notification No. 58/2022-Income Tax [S.O. 2501(E)] 31/05/2022

CBDT notifies ‘National Biodiversity Authority’ under Section 10(46)  of Income Tax Act, 1961 vide Notification No. 58/2022-Income Tax | Dated: 31st May, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 58/2022-Income Tax | Dated: 31st May, 2022 S.O. 2501(E).—In exercise o...

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Section 188 – Related Party Transaction (RPT)

When we talk about related party or RPT (Related Party Transactions) or  any law relating to it, there are multiple authoritative guidance which talk about related party, Related party transaction and their disclosures. We all know SEBI is harsh towards related party compliances because related party compliances are the compliances where...

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Posted Under: Income Tax |

CBIC exempt deposits from provision of Section 51A of Customs Act 

Notification No. 47/2022-Customs (N.T.) [S.O. 2493(E).] 31/05/2022

Notification No. 47/2022-Customs (N.T.) [S.O. 2493(E).], Dated: 31.05.2022 to exempt the deposits from the provision of Section 51A of the Customs Act  MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 47/2022-Customs (N.T.) | Dated: 31st May, 2022 S.O. 2493(E).—In exer...

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Tariff Notification No. 46/2022-Customs (N.T.), Dated: 31.05.2022

Notification No. 46/2022-Customs (N.T.) [S.O. 2495(E)] 31/05/2022

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Tariff Notification No. 46/2022-Customs (N.T.), Dated: 31.05.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 46/2022-Customs (N.T.) | Dated: 31st May, 2022 S.O. 2495(E).—In exercise ...

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File Form CSR-2 separately on or before 31st March, 2023 for FY 2021-22

Notification No. G.S.R. 407(E). 31/05/2022

For financial year 2021-2022, Form CSR-2 shall be filed separately on or before 31st March, 2023 after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS)...

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CBDT notifies Rule 44FA Form & manner of filing appeal to HC against Advance Ruling

Notification No. 57/2022-Income Tax [G.S.R. 404(E)] 31/05/2022

CBDT notifies Rule 44FA. Form and manner of filing appeal to the High Court on ruling pronounced or order passed by the Board for Advance Rulings under sub-section (1) of section 245W vide Notification No. 57/2022-Income Tax | Dated: 31st May, 2022. MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) New Delhi [&he...

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Taxation of Capital Gain in India – FAQs

What incomes are charged to tax under the head Capital Gains? Ans: Any profit or gain arising from transfer of a capital asset during the year is charged to tax under the head Capital Gains.​...

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Posted Under: Income Tax | ,

GST on recovery from employees for canteen services for payment to service provider

In re Kothari Sugars and Chemicals Limited (GST AAR Tamilnadu)

In re Kothari Sugars and Chemicals Limited (GST AAR Tamilnadu) ‘Whether recovery of nominal amount from the employees for making payment to the third-party service provider, providing food in canteen as mandated in the Factories Act, 1948 would attract tax under GST?’ In the case at hand, the applicant has established canteen facilit...

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GST on supply of printed leaflet product as per content supplied by recipient

In re Coronation Arts Crafts (GST AAR Tamilnadu)

In re Coronation Arts Crafts (GST AAR Tamilnadu) 18% GST applicable on the supply of Printed Leaflet on own paper and materials The AAR, Tamil Nadu in the matter of M/s. the Coronation Arts Crafts [Order No.19/ARA/2022 dated May 31, 2022] has held that the supply of printed leaflets on paper and materials of the […]...

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ADD on Import of Jute products from Nepal & Bangladesh extended

Notification No. 18/2022-Customs (ADD) [G.S.R. 406(E)] 31/05/2022

Notification No. 18/2022-Customs (ADD), Dated: 31.05.2022 – Seeks to further extend the levy of ADD on Jute products originating in or exported from Nepal and Bangladesh. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi Notification No. 18/2022-Customs (ADD) | Dated: 31st May, 2022 G.S.R. 406(E). -Whereas, t...

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