Jharkhand HC remands case as unregistered dealer, Amar Ent., intends to make mandatory pre-deposit. Appeal to be heard on merits post-deposit.
Once it is found that rectification application u/s 254(2) of I. T. Act, 1961 has been submitted within a period of four years from the date of actual receipt of judgment and order passed by tribunal, which is sought to be reviewed, petitioner is entitled to relief.
Mukesh Kumar Singh Vs Commissioner (Appeals) CGST & C. Ex (Jharkhand High Court) Admittedly, petitioner is an unregistered dealer. His appeal has been dismissed on the ground of non-payment of mandatory pre-deposit. It does not appear that there was intent on the part of the petitioner to avoid payment of pre-deposit @7.5% as provided under […]
There are various amendments under the act that talks about the duty on the shares. This power accordingly lies with the states. In some states, the duty might be Nil or Rs 1 or lesser while in some states duty is in some % of the total market/issuance value of the shares. There is also a notification that says now the uniform rate on the issuance of shares shall be 0.005% and 0.015% on the transfer of shares.
Understand GST liability on discounts via commercial credit/debit notes. Learn about relevant sections, circulars, and judicial rulings for tax applicability.
Learn the procedure for redemption of preference shares under the Companies Act, including board resolutions, payments, and filings with the Registrar of Companies.
Source- Unconfirmed and based on File Received from Social Media Revised RBI Guidelines for Appointment / Re-appointment of Statutory Branch Auditors of Public Sector Banks and Norms on Business Coverage under Statutory Branch Audit of Public Sector Banks for the year ending March 31, 2023. Reserve Bank of India Ref. DoS.CO.ARG/S8213/08.91.001/2022-23 March 06, 2023 The Chairman/Managing […]
Learn about audit assertions – the claims that financial statements are fairly represented. Explore transaction-level, account balance, and presentation & disclosure assertions.
Framework for Adoption of Cloud Services by SEBI Regulated Entities highlight the key risks, and mandatory control measures which REs need to put in place before adopting cloud computing. The document also sets out the regulatory and legal compliances by REs if they adopt such solutions.
Form W-8BEN is a document used by foreign individuals and other such entities to claim a reduced rate of, or exemption from, U.S. tax withholding on certain types of income they receive from U.S. sources.
