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Archive: July, 2022

Posts in July, 2022

CBIC honours taxpayers contributing to the GST success story

July 2, 2022 1986 Views 0 comment Print

On the occasion of the 5th GST day, CBIC, Ministry of Finance, Government of India also recognized the contribution of all the compliant taxpayers to nation building.

Statistics should focus on laying down pathway towards proper interpretation

July 2, 2022 600 Views 0 comment Print

In other words, statistics should focus on laying down the pathway towards proper interpretation in the present world of data abundance. This would facilitate more informed decision making, clarity in communication from decision makers and formation of rational expectations from market participants.

Addition, due to discrepancy in silver stock in regular course of business, unjustified

July 2, 2022 1008 Views 0 comment Print

Discrepancies in the silver jewellery cannot be said to be from an unexplained source as no such fact or allegation has either been made in the Survey. The discrepancy in the silver stock was in the regular course of the business of the assessee.

Should Cess and Surcharge Be Permanent?

July 2, 2022 4566 Views 1 comment Print

Should Cess and Surcharge Be Permanent? Explore the history and purpose of Cess and its impact on taxes and duties.

Compliance Calendar For Public Limited Company

July 2, 2022 34512 Views 0 comment Print

Stay compliant with the help of a comprehensive compliance calendar for public limited companies. Don’t miss important deadlines and stay on top of regulatory requirements.

Taxability of Dividend, Quarter-wise breakup of dividend income

July 2, 2022 29948 Views 0 comment Print

Understand the taxability of dividends and the quarter-wise breakup of dividend income. Stay informed about the recent changes in taxation laws.

TDS on Benefit or Perquisite under section 194R

July 2, 2022 6453 Views 0 comment Print

Understanding TDS on Benefit or Perquisite under section 194R of the Income Tax Act. Learn about the new tax requirements and deductions for business or profession income.

Section 194R TDS on Benefits or Perquisites under Income Tax Act 1961

July 2, 2022 29121 Views 0 comment Print

Understanding Section 194R TDS on Benefits or Perquisites under Income Tax Act 1961. Learn about its objectives, implementation, and impact on tax base.

Withholding payment due to unliquidated damages is unsustainable

July 2, 2022 1524 Views 0 comment Print

There cannot be any justification for the ONGC to withhold any amount on the premise that it has a claim of unliquidated damages against the petitioner

AAR Telangana alllows Vishnu Granites Private Limited to withdraw application

July 2, 2022 378 Views 0 comment Print

In re Vishnu Granites Private Limited (GST AAR Telangana) In the reference 1st cited, M/s. Sri Vishnu Granites Private Limited, Hyderabad, (36AAECS9143H1Z5) has sought certain clarification by filing an application for Advance Ruling. The Case was posted for personal hearing on 06-04-2022. 27-04-2022& 28-06-2022, However, in the reference 7th cited, M/s. Sri Vishnu Granites Private […]

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