It is mandatory that all the necessary declarations shall also be made on all retail packages inside a group/ combination / multi-piece / gift package
Find out how Partial Integration of agricultural income with non-agricultural income can benefit you with higher rates of income tax, as defined in section 10(1) of the Income Tax Act, 1961
Understand what Aggregate Annual Turnover (AATO) under GST is and why it is required to calculate eligibility for GST composition Scheme u/s 10 of CGST Act, 2017. (Limit Rs. 75/150 Lakhs)
Taxpayer has not reversed ITC availed by them on receipt of supplies wherein taxpayer has either not paid the amount to supplier till date and period of 180 days has already been elapsed or taxpayer has paid the same after period of 180 days.
MCA imposes penalties on RSUN Pharma Pvt Ltd & directors for violating Section 12(3) of the Companies Act, 2013. Details & implications.
Hotel Deepak Vs ACIT (ITAT Mumbai) The brief facts are that the assessee firm is engaged in the restaurant business. Pursuant to the survey action u/s.133A of the Act conducted in the business premises of the assessee dated 22.01.2018, the partner of the assessee firm Shri Chandrakant Ramanna Shetty made a voluntary declaration of Rs.26,27,872/- […]
This Court finds that the taxing authorities as well as the appellate authority should not pass orders in a mechanical manner, when it is dealing with the commercial and financial matter, which affects the revenue of the State.
Cipra Enterprises Vs Commissioner Of Customs- (Export) (CESTAT Delhi) Learned Commissioner (Appeals) observed that it is not in dispute that the goods are not of Indian origin and hence, the appellant was not entitled to claim the benefit of MEIS. Thus, the goods were found to be mis-declared as the appellant had declared the goods […]
Once no TDS is liable to be deducted on these purchases, no disallowance under section 40 (a)(ia) of the I.T. Act can be attracted. Hence, we delete this addition.
ACIT Vs Cellbiz Services (ITAT Kolkata) CIT(A) has categorically mentioned that the cash book, purchase register and all individual invoices where cash transaction had taken place have been thoroughly checked and it is found that not a single such transaction actually exceeded the threshold limit of Rs.20,000/-. In view of the aforesaid factual finding given […]
