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Archive: 01 August 2022

Posts in 01 August 2022

Section 54 Deduction on Multiple Residential Houses allowable if Units are in Same Physical Location

August 1, 2022 2661 Views 0 comment Print

In the present case the claim of deduction under section 54 of the Act is for a residential house built up on three adjacent contiguous plots. He further observed that the principle of multiple residential houses/units holds good till these units are in same physical location and contiguous to each other.

No Entertainment Duty on Billiard Tables used exclusively by Club members

August 1, 2022 996 Views 0 comment Print

Santacruz Gymkhana Vs State of Maharashtra (Bombay High Court) Demand of entertainment duty on billiard tables Law as laid down by the Nagpur Bench of this Court in Gondwana Club (supra) will squarely apply to these petitions as well. Paragraphs 5 and 6 of Gondwana Club (supra) read as under :- The word “entertainment” is […]

Impact of GST on unsold stock of pre-packaged commodities

August 1, 2022 888 Views 0 comment Print

The difference between the retail sale price originally printed on the package and the revised price shall not, in any case, be higher than the extent of increase in the tax, if any, or in the case of imposition of fresh tax, such fresh tax, on account of implementation of GST Act and Rules.

IRDAI Master Guidelines on Anti-Money Laundering/ (AML/CFT), 2022

August 1, 2022 5001 Views 0 comment Print

Insurers shall take steps to implement provisions of PML Act and the PML Rules, as amended from time to time, including operational instructions issued in pursuance of such amendment(s).

GST: Generation & quoting of document identification number (DIN)

August 1, 2022 4215 Views 0 comment Print

Generation and quoting of document identification number (DIN) on any communication issued by the officers/staff of the Commercial Taxes Department-regarding.

We can still file Income Tax Return for FY 2021-22 (AY 2022-23)

August 1, 2022 86637 Views 7 comments Print

Missed the income tax return filing deadline? Dont worry, you can still file your return for FY 2021-22 (AY 2022-23) by 31st December 2022.

SEBI (Intermediaries) (Amendment) Regulations, 2022

August 1, 2022 1659 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2022.

Draft IRDAI (Expenses of Management of Insurers Transacting General or Health Insurance Business) Regulations, 2022

August 1, 2022 951 Views 0 comment Print

Exposure Draft Insurance Regulatory And Development Authority Of India (Expenses Of Management Of Insurers Transacting General Or Health Insurance Business) Regulations, 2022

Proxy Advisory Industry- Changing Face of Shareholder & Corporate Governance

August 1, 2022 4287 Views 1 comment Print

Proxy Advisory firms are research based entities playing a significant role in shareholder Activism and Corporate Governance. They provide research based recommendation to institutional investors and shareholders on various issues that require shareholders’ approval.

₹1,48,995 crore gross GST revenue collected in the month of July 2022

August 1, 2022 2046 Views 0 comment Print

₹1,48,995 crore gross GST revenue collected in the month of July 2022 GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year The gross GST revenue collected in the month of July 2022 is ₹1,48,995 crore of which CGST is ₹ 25,751 crore, SGST is ₹ 32,807 crore, […]

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