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Archive: March, 2023

Posts in March, 2023

RERA and Income Tax Checklist for a Home Buyer

March 22, 2023 10824 Views 1 comment Print

Navigate the complexities of buying a home with a comprehensive RERA and Income Tax checklist. Learn to make informed decisions, ensure compliance, and safeguard your rights as a homebuyer.

How to Reclaim Reliance Industries shares from IEPF Authority

March 22, 2023 19851 Views 9 comments Print

Learn how to reclaim unclaimed Reliance Industries shares from the Investor Education and Protection Fund (IEPF) Authority. Follow the steps and protect your investments.

What to do If Application For Registration As Legal Heir Is Rejected In Income Tax

March 22, 2023 7290 Views 0 comment Print

Discover what to do if your application for registration as a legal heir is rejected in the Income Tax portal. Understand the grounds for rejection and steps to reapply for a successful approval.

Regulatory Restrictions on Loans and Advances by NBFCs

March 22, 2023 4824 Views 0 comment Print

Understand RBI’s regulatory restrictions on loans and advances by NBFCs, effective from October 01, 2022. Learn about limits for directors, senior officers, and real estate sector exposure. Stay compliant.

Excise: Fixation of MRP must be mandated by law to claim Section 4(A) exemption- SC

March 22, 2023 2178 Views 0 comment Print

SC held that fixation of MRP must have been mandated by law and in the present case the institutional sale to paramilitary forces being exempted from such fixation under legal Metrology (Packaged Commodities) Rules,2011, the voluntary fixing of the MRP could not make the respondent eligible to get the exemption on institutional sales and thus allowed the SLP of the department.

Scheme for settlement of dues under Maharashtra Settlement of Arrears of Tax, Interest and Penalty Act 2023

March 22, 2023 9660 Views 0 comment Print

Unlock benefits of Maharashtras Arrears Settlement Scheme 2023 for tax dues under MVAT, CST, and other acts pre-dating 30-06-2017. Explore the provisions, waiver options, and application process. Act now.

Revision application u/s 264 allowable to rectify bonafide mistake

March 22, 2023 9585 Views 1 comment Print

Calcutta High Court held that revision application filed under section 264 of the Income Tax Act allowable on account of bonafide mistake which cannot be rectified by filing revised return since original return was filed belatedly.

Sale of property held with commercial intent taxable as business income, Section 50C inapplicable

March 22, 2023 2403 Views 0 comment Print

ITAT held that profit from sale of property purchased to exploit commercially and sold as a stock in trade cannot be assessed to tax under the head capital gain and shall be assessed under the head, profit and gains of business or profession;

Important points to be kept in mind for GST before end of F.Y 2022-23

March 22, 2023 4290 Views 0 comment Print

As F.Y 2022-23 concludes, grasp crucial GST points: LUT renewal, Composition Scheme, QRMP option, ITC reconciliation, turnover review, and supplier compliance checks. Get detailed insights now.

Gold loan with diamond jewellery: Is it possible? Find out

March 22, 2023 2688 Views 0 comment Print

Gold is one of the most precious metals in the country. Whether for investment purposes or aesthetics, almost every household in the country has gold in the form of metal or jewellery.

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