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Archive: 17 August 2022

Posts in 17 August 2022

Cyber Attacks

August 17, 2022 1338 Views 0 comment Print

Understanding the threats Explore the world of cyber attacks and their devastating impact on computer systems and data security.

Addition merely on the basis of declaration u/s. 132(4) is untenable in law

August 17, 2022 2127 Views 0 comment Print

Held that addition made merely on the basis of statement by one of the partners and without finding any incriminating material is untenable in law.

LTCG from sale of shares of TEL is Bogus: ITAT Indore

August 17, 2022 2646 Views 0 comment Print

ITAT Indore Upheld the Action of Revenue in holding LTCG earned from sale of shares of Turbotech Engineering Ltd. (TEL) as Bogus, The Hon. Tribunal followed the decision of Hon. Calcutta High Court rendered in case of PCIT vs. Swati Bajaj ITA No. 06/2022 Dated 14.06.2022

18% GST leviable on Interactive Flat Panel Screens if used for data processing purposes only

August 17, 2022 12705 Views 0 comment Print

AAR held that, Interactive Flat Panel Screens used only for data processing purposes will attract GST rate of 18% and in case the same provides any additional function, GST at 28% will be attracted.

Recipient of of goods or services or both cannot seek advance ruling

August 17, 2022 1119 Views 0 comment Print

Supplier of goods or services or both who can seek an advance ruling on any of issues specified in clauses (a) to (g) of Section 97(2).

How do I recover my deductible from the at-fault driver?

August 17, 2022 1608 Views 0 comment Print

Getting in a car accident is an unfortunate situation, even if the accident is not your fault. There’s a risk of damaging your car severely, or worse, totaling it.

FAQs on Section 115BAB of Income Tax Act, 1961

August 17, 2022 9735 Views 2 comments Print

Get answers to FAQs on Section 115BAB of Income Tax Act, 1961. Learn about tax implications for new manufacturing domestic companies.

Strike Off of Company Without Filing of INC-20A

August 17, 2022 29559 Views 3 comments Print

Learn about the process of striking off a company without filing form INC-20A. Find out the requirements and procedures for closing your business operation.

Points To Ponder: Amended Schedule III of Companies Act, 2013

August 17, 2022 140088 Views 3 comments Print

Schedule III to the Companies Act, 2013 provides the manner in which the Financial Statements of a Company shall be prepared.

Is GST payable on foreign exchange gain/loss in case of import of services?

August 17, 2022 27114 Views 2 comments Print

Learn about the implications of foreign exchange gain/loss on import of services in terms of GST. Understand the taxable value and how to avoid interest and penalties.

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