Undisputedly, invoking the provisions of section 56(2)(viia) of the Act, the Assessing Officer has treated the difference between the sale price and FMV of the shares of the assessee as income of the assessee.
HC held that Since the petitioner wants to avail the remedy under the provisions of law by approaching GST appellate tribunal, which has not yet been constituted, the amount of penalty and interest demanded by authority shall remain stayed during pendency of the writ petition subject to the Petitioner depositing the entire amount of tax demanded.
PCIT Vs Balmer Lawrie and Company Limited (Calcutta High Court) The tribunal after taking note of the factual position noted that the CIT(A) has taken specific note of the fact that the expenses claimed by the assessee as prior period, the liability to pay had crystallized during the relevant previous year and therefore the claim […]
Re-Scheduling of Chartered Accountants Examination scheduled to be held on 10th May 2023 (Wednesday) at the Examinations Centre at Jalandhar (Punjab) and Jharsuguda (Odisha).
A strike-off company is a company that has been removed from the official register of companies. This means that it no longer exists as a legal entity and is unable to trade or conduct any business. Essentially, the company ceases to exist once it has been struck off.
Explore the differences between investing and trading, their psychological aspects, financial goals, time frames, and monitoring requirements. Make informed decisions for growing wealth or earning regularly. Learn about options beyond equity and start your journey, whether with small or large amounts. Read insights and advice from financial experts Renucka Vaiddya and Kedar Nadgonde.
SEBIs latest circular addresses illicit practices by stock brokers pledging clients funds without consent. Learn about the regulations, implementation, and the backdrop of the Karvy Stock Broking Limited scam.
The term Social Security is defined under Section 2(78) of the Code on Social Security, 2020 as measures of protection adopted in order to protect workers that may be unorganised, gig workers, and platform workers by providing them with different benefits during old age, unemployment, sickness, the maternity period, medical care, etc.
Explore the 2019 Code on Wages, its impact on labor laws in India, and its amalgamation of key labor enactments. Learn about minimum wages, penalties, and the Code’s implications on workers’ rights. Evaluate the challenges and areas needing attention for effective implementation. Stay informed on the latest labor reforms.
International Labor Organization (ILO) is a specialized agency of the United Nations dedicated to promoting social justice and promoting decent work opportunities for all.
