"06 August 2022" Archive - Page 2

Tax Planning For Salaried employees

TAX PLANNING FOR UPTO 30 LACS SALARY ZERO TAX Being an Indian taxpayer, you always understand that you need to pay 20-25% of taxes from your income but we need to know that for salaried employees also some expenses allowed for deduction and exemption and allowances. It will help you figure out how tax saving […]...

Read More
Posted Under: Income Tax |

Stamp Duty’s ‘Dilemma‘ ‘Epigram’ in Mergers / Demergers…!

An importance of stamp duty in every financial transaction cannot be understated. Especially, when such key transactions is a corporate arrangement, for which stamp duty is required to be paid or else there may be severe repercussions....

Read More
Posted Under: Income Tax |

One Nation One Housing Policy

One Nation One Housing Policy Through Ministry of Social Welfare And Rehabilitation And Ministry of Co-Operation INTRODUCTION: If one goes through all documents filed in United Nations, among all, we will find the following very important : 1) Nobody is left behind 2) Spatial segregation 3) Housing is a right not a commodity 4) Everyone [...

Read More
Posted Under: Income Tax |

GST On pre-packed and Labeled Retail Pack of Food Items

47th GST Council meeting held on 28th & 29th June 2022 comes with a new proposal which says GST will be applicable on pre-packed and Labeled Pack of Food Items at the rate of 5% from 18th July 2022. The same has been notified through Notification No. 06/2022-CT (Rate) dated 13th July 2022.  This proposal comes after GST Council [...

Read More
Posted Under: Income Tax |

Draft Reply to Notice for Mismatch in ITC as per GSTR 3B, GSTR 9 & GSTR 2A

Section 16 of CGST Act, 2017 prescribes the eligibility and conditions for claiming input tax credit. S. 16(1) entitles every registered person to take credit input tax credit, subject to section 49, on both goods and services used in the furtherance of his business....

Read More
Posted Under: Income Tax |

TDS on repairs & maintenance of aircraft under Section 194C or 194J?

Air India Ltd. Vs CIT (ITAT Mumbai)

Air India Ltd. Vs CIT (ITAT Mumbai) Introduction Appeals were filed before the Hon’ble ITAT against the order of the AIR INDIA LIMITED Vs Ld. Commissioner of Income Tax (Appeals), NFAC, Delhi which was pertaining to the assessment years 2016-17, 2017-18,2018-19 and 2019-20. Grounds of appeal The decision of the Joint Commissioner of Inc...

Read More

Pre-arrest bail not granted in socio-economic offence

Vipin Sharma Vs State of Andhra Pradesh (Andhra Pradesh High Court)

Held that keeping in view the gravity of the crime, it being socio-economic offence, petitioner is not entitled for pre-arrest bail....

Read More

External Commercial Borrowing (ECB) – A Guidance Note

External Commercial Borrowing (ECB) is the loan in India made by non-resident lenders in foreign currency or in INR to Indian borrowers who are eligible to avail the ECB. The purpose of the loan is commercial. The ECB is extended by external sources, i.e. from any recognized entity outside India. The norms of getting the […]...

Read More
Posted Under: Income Tax |

GST: Voluntary Payment of Tax/Penalty U/S. 129 Does Not Debar A Dealer From Filing Appeal U/S.107

Hindustan Steel and Cement Vs Assistant State Tax Officer & Ors  (Kerala High Court)

Kerala HC held that even in cases where tax or penalty levied U/s. 129 of the GST Acts, 2017 was paid by a taxable person he can file an appeal U/s. 107 of the said Acts....

Read More

Weapons of Mass Destruction and Their Delivery Systems (Prohibition of Unlawful Activities) Amendment Act, 2022

Notification No. 14 of 2022 06/08/2022

No person shall finance any activity which is prohibited under this Prohibition Act, or under the United Nations (Security Council) Act, 1947 or any other relevant on financing Act for the time being in force, or by an order issued under any such Act, in relation to weapons of mass destruction and their delivery systems....

Read More

Search Posts by Date

November 2022
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930