TDS on salary income of a non-resident individual shall be deducted u/s 192 of the Income Tax Act, 1961 at the applicable slab rates. Tax liability for the whole year shall be calculated on the prospective salary income of the non-resident and such determined tax shall be then deducted from the payment to be made of salary, in twelve monthly installments.
Understand the levy of GST on non-alcoholic beverages in India. Recent AAR ruling on non-alcoholic malt drinks attracting 28% GST and 12% Cess.
Understand Related Party Transactions as per Companies Act, 2013. Learn about necessary consents, resolutions, and reporting requirements for various transactions.
Parathas supplied by appellant are different from Plain Roti or Chapatti and cannot be treated as or covered under category of Plain Roti or Chapatti.
ITAT Bangalore held that before setting aside the matter the PCIT must have some material which would enable to form prima facie opinion that the order passed by the AO is erroneous in so far as it is prejudicial to the interest of the Revenue. Revision under section 263 of Income Tax Act not possible on guess work.
Madras High Court held that addition of gifts as undisclosed income sustainable as there was no acceptable explanation as to the nature of relationship the gift receiver had with the donor in the course of business transaction.
IRDAI permits general insurers to file all products under Miscellaneous lines of business (including modifications of current products) under Use and File procedure for both Retail and Commercial categories.
On and from the date of the Order, or the date of submission of request for surrender of certificate of registration to SEBI, as applicable, the concerned CRA shall disclose prominently on its website, the Order or the Request, as the case may be, and communicate the same to its clients within 15 days of the Order or the Request;
Securities and Exchange Board of India Circular No. SEBI/HO/MRD/MRD-RAC-2/P/CIR/2022/141 | Dated: October 13, 2022 To All Recognized Stock Exchanges Dear Sir / Madam, Sub: Governing Council for Social Stock Exchange (“SSE”) 1. Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), Securities and Exchange Board of India (Listing Obligations […]
It has been decided that the amounts received by a bank from the National Credit Guarantee Trustee Company Ltd towards claims in respect of guarantees invoked and held by them pending adjustment of the same towards the relative advances, need not be treated as outside liabilities for the purpose of computation of NDTL for CRR and SLR.
