ACIT Vs Smt. Shobhakaver Surana (ITAT Chennai) It could very well be seen that the assessee is a trading concern. It has maintained category-wise stock details which has been valued at average cost. The assessee is subjected to Tax Audit which contain quantitative details and well valuation of stock under each category. There is no evidence […]
ITAT Bangalore remits Amasebail’s Sec. 80P claim to AO based on delay condonation application. Key considerations for deduction eligibility discussed.
Get answers to 151 frequently asked questions (FAQs) about the Foreign Exchange Management Act (FEMA) in India for NRI+PIO.
Clause 23B of the Code of Conduct provides that an IP shall not engage or appoint any of his relatives or related parties, for or in connection with any work relating to any of his assignment.
Due to lack of clarity around the notion of ECIR, it is unclear at what point an ECIR is registered and at what moment ECIR should be lodged with Special Court
Consumer protection was one of the duties of India’s rulers even before the country gained its freedom. To guarantee that customers are happy, the government and companies collaborate on consumer protection, which is a social and economic activity.
Section 56 of the CGST Act, 2017 is very clear w.r.t to the refund application and the same mention about the interest on the delayed refunds.
Circular No. 14/2022-Customs CBIC-190354/190/2022-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue Tax Research Unit *** North Block, New Delhi Dated, 18th August, 2022 To All Principal Chief Commissioner/Chief Commissioner of Customs/Customs (Preventive). All Principal Chief Commissioner/Chief Commissioner of Customs & Central Tax All Principal Commissioner/ Commissioner of Customs/Customs (Preventive). All Principal Commissioner/Commissioner […]
Exchange rate Notification No. 70/2022-Cus (NT) dated 18.08.2022 notifying exchange rate with effect from 19th August, 2022 against Indian Rupees for Import and Export. Government Of India Ministry Of Finance Department Of Revenue Central Board Of Indirect Taxes And Customs New Delhi ***** Notification No. 70/2022 – Customs (N.T.) | Dated: 18th August, 2022 In exercise […]
CBDT amends rule 128 and relaxes conditions for filing of form no. 67 for claiming Foreign Tax Credit vide Notification No. 100/2022-Income Tax
