"19 November 2022" Archive

HUF v. Private Family Trust: Time to reconsider structuring of family investments!

Reconsider your family investments HUF v. Private Family Trust. Learn why its time to make wise changes in structuring....

Posted Under: Income Tax |

Rural agricultural land converted for non-agricultural purposes but factually continued to be used for agriculture is not a capital asset in spite of conversion

Rural agricultural land converted for non-agricultural purposes but factually continued to be used for agriculture is not a capital asset in spite of conversion...

Posted Under: Income Tax |

Disallowance of Delayed deposit of Employees contribution towards P.F or ESI by CPC without providing any explanation or description

Understanding the disallowance of delayed deposit of employees contributions towards P.F or ESI by CPC without explanation. Learn how to address this issue....

Posted Under: Income Tax |

Important Dates Under GST for FY 2017-18 to 2021-22

Stay updated with the important dates under GST from FY 2017-18 to 2021-22. Learn about due dates, last dates for filing returns, and more....

Posted Under: Income Tax |

Analysis on under-invoicing of Imports into India

Uncover the truth behind under-invoicing of imports into India. Explore the impact of trade mis-invoicing on illicit financial flows and tax evasion....

Posted Under: Income Tax |

Government withdraws export duty on Steel

The Central Government has restored the status quo as was prevailing prior to 22nd May,2022 and withdrawn the  export duty  on iron ores lumps & Fines below 58% Fe content,  iron ore pellets and the specified steel products including pig iron. The import duty concessions  on Anthracite / PCI coal, coking coal, coke & semi cok...

Posted Under: Income Tax |

Corpus donation is capital receipt & irrecoverable – Not Taxable even if Trust is not unregistered

Versova Kokni Sunni Jamat Trust Vs CPC (ITAT Mumbai)

Assessee submitted that corpus donation is in the nature of capital receipt and thus not taxable in the hands of assessee trust irrespective of not being registered under section 12A of Act....

Free E-Book -GST Rate Finder on Goods in India

Good News Free E-Book ‘GST Rate Finder on Services in India’ Alphabetically alongwith other useful Ready Reckoner of RCM under Secs.9(3) & 9(4) for Promoter, GTA, Service Account in Six (06) Digit, Important Notification of Services., Compiled by Ghanshyam Upadhyay and Praveen Upadhyay (GST Practitioners)...

Posted Under: Income Tax |

Case Law for e-way bills, Registrations & Input Tax Credit under GST

This ‘CASE LAW FOR E-WAY BILL , REGISTRATIONS & INPUT TAX CREDIT UNDER GST IN INDIA’ is a brief of judgments of various High courts/clarification issued by Advance rulings Authority on the subject for E-Way bills, Registrations & Input Tax Credit under GST Acts 2017 in India, Which are translation in Hindi language als...

Posted Under: Income Tax |

Seeds not covered under agricultural produce for GST: AAAR

In re Narsimha Reddy & Sons (GST AAAR Telangana)

In re Narsimha Reddy & Sons (GST AAAR Telangana) Appellants are in the business of production and sale of agricultural seeds. In the process of production, the applicant outsources certain services such as cleaning, drying, grading and packing to the job workers and stores the seeds in various facilities after processing them. In the ...

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