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Archive: 12 March 2023

Posts in 12 March 2023

No deemed rent addition for property which is not habitable

March 12, 2023 1719 Views 0 comment Print

Manindra Mohan Mazumdar Vs ACIT (ITAT Kolkata) CIT(A) while dealing with the assessee’s appeal casually dealt with the issue and in the finding only mentioned about the two properties owned by the assessee and confirmed the addition made by ld. AO. However, ld. AO did not make any addition for Deemed Rental Income for the […]

ITAT restores ex-parte Assessment to AO & Imposes cost of Rs. 25000 per assessment year on Assessee

March 12, 2023 1485 Views 0 comment Print

Raghunath Jew School of Management Studies Vs ITO (Exemption) (ITAT Cuttack) The facts in the present appeals clearly show that the assessments have been done ex-parte on account of the fact that the books of accounts and bills & vouchers were not produced before the AO. It is also an admitted fact that the assessee […]

Annexure – V- Declaration by GTA Business under GST

March 12, 2023 75081 Views 18 comments Print

Learn about Annexure V, a declaration form for Goods Transport Agencies (GTA) to opt for paying GST under forward charge, impacting tax liabilities and compliance procedures.

Summary of Mines & Minerals (Development & Regulation) Act, 1957 & Rules 1960

March 12, 2023 7773 Views 1 comment Print

Discover the key provisions of the Mines & Minerals (Development & Regulation) Act, 1957, and Rules 1960, governing mining operations in India, including licensing, concessions, and environmental protection.

Where Does Production Linked Incentive stand in INDIA?

March 12, 2023 1302 Views 0 comment Print

Explore the current status of Production Linked Incentive (PLI) in India and its impact on private sector investment towards achieving the $5 trillion GDP goal.

GST amount to be adjusted if there is an issue of mismatch in GST Return with Bank Statement

March 12, 2023 4332 Views 1 comment Print

HC set aside the order on the grounds, that Revenue Department and Appellate Authority have committed misreading of FORM GSTR-09

GST Council Newsletter for the month of February, 2023

March 12, 2023 2583 Views 0 comment Print

Government reduced the rate of GST from 18% to 5% in case of ‘Rab’ when it is sold in pre­packaged and labelled form and in all other cases the rate of tax will be ‘Nil’.

Setting Up of Business In Singapore

March 12, 2023 1851 Views 0 comment Print

Learn how to set up a business in Singapore efficiently with steps, regulations, and tax benefits explained. Explore the process and incentives here.

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