Delhi High Court held that denial of refund of accumulated ITC on the ground that information regarding transfer of business and other returns to establish the transfer of stocks and capital goods not submitted is unacceptable.
Learn the step-by-step process to incorporate a Nidhi Company in India. Understand the basic requirements, applicable sections, and rules. Choose between the direct and indirect routes for seamless registration. Get your Nidhi Company up and running hassle-free.
Ensure compliance for your newly incorporated private company with these essential steps, including board meetings, bank account opening, appointment of auditors, share allotment, filing of necessary forms, and more. Avoid penalties and streamline your company’s operations.
Small Business Relief is intended to support start-ups and other small or micro businesses by reducing their Corporate Tax burden and compliance costs. The Ministerial Decision on Small Business Relief specifies the revenue threshold and conditions for a taxable person to elect for Small Business Relief and clarifies the provisions of the carried forward Tax Losses and disallowed Net Interest Expenditure under the Small Business Relief scheme.
CBIC amends notification No. 12/97-Customs (NT) dated the 2nd April, 1997 vide Notification No. 27/2023-Customs (N.T.), Dated: 10.04.2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 27/2023-Customs (N.T.) | Dated: 10th April, 2023 G.S.R.. 283(E).—In exercise of the powers conferred by clause (aa) of sub-section (1) read with […]
Delhi High Court held that the re-insurance services were not excluded from the definition of ‘input service’ as defined under Section 2(l) of the CENVAT Credit Rules, 2004 with effect from 01.04.2011.
Reserve Bank of India Date : Apr 10, 2023 RBI simplifies the application process for registration of Core Investment Companies The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make the registration process smoother and hassle free. Accordingly, the application form has […]
ITAT Chennai held that revisional power u/s 263 of the Income Tax Act exercisable only in case of lack of enquiry and not in case of inadequate enquiry.
Notification No. 20/2023 Dated 10th April, 2023 under clause (46) of section 10 of the Income tax Act, 1961 in case of Central Board of Secondary Education, Delhi
Notification No. 19/2023 Dated 10th April, 2023 under clause (46) of section 10 of the Income tax Act, 1961 in case of Central Board of Secondary Education, Delhi for AY 2013-14
