Learn why the TNM method may not be suitable for determining the Arms Length Price (ALP) in capital goods purchase transactions under transfer pricing regulations in India. Understand the legal perspectives and recent case decisions.
PCCIT having their Headquarters at places specified below, to issue orders for exercise of powers & performance of functions by CIT (Appeals)
All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government transactions for March 31, 2023.
Explore the permitted sectors and activities for Foreign Direct Investment (FDI) in India as outlined in the Consolidated FDI Policy 2020. Learn FDI caps, entry routes, and key regulations.
Politically Exposed Persons (PEPs)” shall have the meaning assigned to it under sub clause (db) of clause (1) of Rule 2 of the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005.
Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Bill, 2023 proposes to provide for settlement of arrears under various Acts administered by the Goods and Services Tax Department so as to give effect to the proposals contained in the Budget Speech for the financial year 2023-2024.
Discover the significance of nomination in your investments – Mutual Funds, Insurance, PPF, and Bank Accounts. Ensure your funds are safeguarded for your legal heirs.
United Arab Emirates (UAE), Ministry of Finance has introduced the UAE corporate tax vide Federal Decree Law no. 47 of 2022 on the Taxation of Corporations and Businesses with effect from 1st June 2023 providing the legislature framework for Corporate Tax on Business profit in the UAE.
Vikas Sharma Vs ITO (ITAT Mumbai) ITAT held that if the cash deposited in assessee’s bank account has already been taxed in the hands of M/s. Kareem’s Hospitality Pvt. Ltd (employer of assessee) or in the hands of the director of the assessee company Mr. Kareem Dhanani then no addition is warranted in the hands […]
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to increase the Special Additional Excise Duty (SAED) on Diesel from Rs. 0.50 per litre to Rs. 1 per litre w.e.f. 21st day of March, 2023 Vide Notification No. 14/2023-Central Excise Dated: 20th March, 2023. MINISTRY OF FINANCE (Department of Revenue) New Delhi […]
