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Archive: March, 2023

Posts in March, 2023

Extinguishing Workplace Burnout: What Companies and Leaders can do to Create a Happier Workplace

March 23, 2023 873 Views 0 comment Print

Workplace burnout is a unique kind of work-related stress. A state of physical or emotional exhaustion, along with a sense of reduced accomplishment and loss of personal identity. The biggest precursors to workplace burnout are employees feeling undervalued, overworked, and finding their work meaningless.

U.S. Taxation For Individuals

March 23, 2023 2409 Views 0 comment Print

Explore U.S. Taxation for Individuals – Key filing statuses, tax rate schedules, income brackets, deductions, and more for the 2022 tax year. Don’t miss the April 18, 2023 deadline.

Residuary jurisdiction of NCLT under section 60(5)(c) of I&B Code is limited

March 23, 2023 1347 Views 0 comment Print

NCLT Ahmedabad held that residuary jurisdiction of National Company Law Tribunal under section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016 is limited. Accordingly, application rejected.

House gifted to father ‘Colorable device’; Denies Section 54F benefit rightly

March 23, 2023 3975 Views 0 comment Print

Hyderabad ITAT held that gift of house to father just prior to sale of land was a camouflage to claim Section 54F deduction as Assessee owned two house properties

Explanation on Section 139(8A) of Income Tax Act 1961

March 23, 2023 12369 Views 3 comments Print

Section 139(8A) was introduced by Finance Act 2022 and was applicable from 1.4.2022. If we remember in past a belated return u/s Section 139(4) could be filed within one year from the end of assessment year or completion of assessment whichever is earlier. This position was there till Assessment Year 2016-17. 

41 FAQ’s on Official Overview for Prevention of Money Laundering (PMLA)

March 23, 2023 5463 Views 0 comment Print

Explore 41 FAQs providing an official overview of the Prevention of Money Laundering Act (PMLA) in India. Understand key conditions, legal history, enforcement, and international cooperation. Stay informed on money laundering offenses and their implications.

IRDAI constitutes Expert committee for matters related to mental health

March 23, 2023 1407 Views 0 comment Print

A holistic examination of the various aspects involved such as types of conditions, types of treatments etc from the insurance perspective is necessary when dealing with products designed to cover mental illnesses and other related aspects.

Govt allows export of Multi Grain Atta or Fortified Whole Wheat Atta

March 23, 2023 1911 Views 0 comment Print

Note 2: is added in the SION E-136 to allow export of Multi Grain Atta or Fortified Whole Wheat Atta. All other conditions for SION E-136 as mentioned in Public Notice no. 38/2015-20 dated 25.11.2022 will continue to be in force. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New […]

GST applies on Voluntary Gratuitous Payment From Outgoing Member: AAAR

March 23, 2023 2583 Views 0 comment Print

In re Monalisa Co-Operative Housing Society Limited (AAAR Maharashtra) In the instant case, outgoing member of the society, Mr Sanjay Prakash Sahjwani, has made payment of Rs 17,70,000/- to the society which appellant claims to be voluntary contribution on his own will and volition. On bare perusal of the affidavit submitted by the appellant in […]

Revision by PCIT was justified as there was no lack of investigation by AO

March 23, 2023 4332 Views 0 comment Print

AO had applied his mind while doing the assessment therefore, the investigation by AO could not be called ‘lack of investigation’ and revision order passed under section 263 was quashed.

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