Assistant Commissioner Vs Ashok Kuamr Sureka (Calcutta High Court) We need not go into the controversy as to whether there was a break down of the vehicle, etc. The case has to be approached by considering the bona fides of the transaction as to whether the case warrants detention of the goods and collection of […]
Understanding the impact of GST and SEZ on credits and refunds. Learn how SEZs enjoy fiscal benefits under the GST Act in India.
Unlock the intricacies of RBI/FEMA compliances under the Foreign Exchange Management Act,1999 (FEMA 1999). From Foreign Assets & Liabilities to Annual Performance Reports, delve into the essential forms and timelines for compliance. Stay informed to ensure smooth adherence to regulatory requirements.
Supreme Court ruled that individuals buying goods or services for self-employment to earn a livelihood qualify as consumers under Consumer Protection Act.
Navigate the complexities of issuing Convertible Notes under Indias Companies Act, 2013, designed to foster startup growth. Delve into the legal intricacies, from the definition of Convertible Notes to the procedures for issuance. Understand the role of the Reserve Bank of India and compliance requirements for resident and non-resident entities.
Female heirs of a Hindu governed by the Dayabhaga School of Hindu Law dying intestate could not impress upon their inherited property the character of joint family property. The properties inherited from her husband was assessable in the hands of the assessee in the status of individual. It means that female members of a HUF cannot form HUF on the basis of contract among themselves.
Appellate Authority for Advance Ruling Gujarat (GAAAR) held that supply of Occupation Health Check-up Service by the hospital to be treated as Health Care Service and exempted under GST in terms of notification for exempt services.
Information :As per CBDT circular F.No. 370142/14/22-TPL dated on 30th March 2022, every person who has been allotted a PAN as on 1st July 2017 and is eligible to obtain Aadhaar number is required to link PAN with AADHAAR on or before 31st March, 2022. Taxpayers who failed to do so are liable to pay […]
Insurance Regulatory and Development Authority of India Appointed Actuary (AA) Regulations Background: An Appointed Actuary (AA) plays an important statutory role in an insurance company. The IRDAI (Appointed Actuary) Regulations, 2017 prescribe the “Eligibility Criteria” and “Duties and Obligations” of an AA along with other provisions. The Authority is in receipt of requests to review […]
DCIT (Exemption) Vs Yug Nirman Yojna Vistar Trust (ITAT Delhi) Facts- The assessee is a trust, registered u/s 12A of Income Tax Act. Perusal of assessment order dated 29.12.2016 passed by the Assessing Officer u/s 143(3) of Income Tax Act; shows that registration u/s 12A was granted to the assessee by order dated 01.05.2009 of […]
