Rohan Hattangadi Vs CIT (A) (ITAT Mumbai) From Rule 128, it is evident that the assessee has to file Form 67 on or before the due date of furnishing the return of income as per section 139(1) of the Act, which the statement specifies as mandatory and not directory as per the word ‘shall’ used […]
Hubergroup India Pvt Ltd Vs C.C.E. & S.T.-Daman (CESTAT Ahmedabad) As regard, penalty imposed on Shri. Suresh Nair employee of the appellant’s Company. I find that the issue of correct calculation of Cenvat Credit on the invoice issued by the 100% EOU was always in dispute, therefore, mala fide cannot be attributed to the employee […]
Miracle Cars India Pvt Ltd. Vs DCIT (ITAT Chennai) The undisputed facts are that the agreement between the assessee and M/s. DRS Industries Ltd., dated 30.06.2010 did not materialize and consequently, the dealership of Skoda cars sales & services has not been transferred to the assessee. Further, the rent agreement in respect of premises where […]
Instructions to use GSTR-1 PDF to EXCEL Extraction Tool 1. Kindly check your EXCEL version before using this tool it shall be 2016,2019,2021 or office 365. 2. Save all GSTR-1 Final PDFs in a separate folder on your desktop, not in cloud storage (Eg. Google Drive, One Drive etc.) 3. Don’t save any other files […]
Discover the highlights of India’s economic potential discussed at the World Economic Forum 2023. Explore insights on continued growth, financial security, labor reforms, and strategies for global competitiveness. Learn about the key takeaways and recommendations for India’s future success in international trade, investments, and partnerships.
Explore Indias pivotal role at the 2023 International Monetary Fund (IMF) meeting, where discussions on global economic policies and reforms take center stage. With Indias remarkable economic growth, successful reforms, and increasing global influence, the nation is poised to lead discussions and contribute to solutions for the worlds economic challenges.
Explore the expected changes to the Goods and Services Tax (GST) system in the 2023-24 budget. Learn about proposed reductions in tax slabs, removal of concessional rates, increased input tax credits, and a streamlined filing system. These changes aim to simplify GST, enhance efficiency, and boost government revenue.
As per Section 42 of the Companies Act, 2013 A Company may make private placement of securities only to select group of persons who have been identified by board (herein referred as (Identified Persons). Explanation 1 of Section 42 states that ‘Private Placement’ means any offer or invitation to subscribe or issue of securities to a select group of persons by a company (other than by way of public offer) private placement offer-cum application, which satisfies the condition specified in this section.
Maximize your income tax savings on salary! Learn how to pay zero taxes and claim a full refund of TDS deducted under Section 192. Explore salary structures, deductions under Section 80C, 80D, 80E, and more. Make informed financial decisions for a tax-efficient financial year-end.
Understand the tax implications of Leave Encashment as we approach the financial year-end. Explore when it’s taxed under salary, exemptions for government and non-government employees, and how to calculate the exempt amount. Get insights into Mr. Navankur’s case for a practical understanding.
