Addition u/s 43B on account of External Development Charges (EDC) not paid to HUDA before due date of filing return of income not justified
It is well settled that each day of delay in filing has to be explained. In present case, there are large gaps in time period for which no ostensible reason been provided.
As the turnover of the assessee was less than the prescribed limit fixed for tax audit, provisions of Section 44AB of the Act are not applicable to the assessee. When the provisions of Section 44 AB of the Act are not applicable to the facts of the case, levy of penalty under Section 271B of the Act does not arise.
Share application money is not loan or deposit and hence not falls u/s 269SS of the Act and penalty u/s 271D cannot be levied.
In India, trade unions are essential for protecting workers’ rights. These groups push for greater pay, benefits, and working conditions while representing workers in agreements with employers. In this blog, we will look at how trade unions in India struggle to uphold workers’ rights.
The Industrial Disputes Act, 1947, was enacted to regulate employment relations and resolve disputes between employers and employees in India. One of the most contentious issues covered under the Act is the termination of employment, including lay-offs and retrenchment.
Explore the detailed analysis of the new tax regime under sections 115BAC, 115BAA, and 115BAD for F.Y. 2023-24 A.Y. 2024-25. Understand the impact on taxpayers, key changes, and factors influencing the choice between old and new tax regimes. Stay informed to make well-informed decisions and comply with the latest tax regulations.
The application shall be accompanied by the following information/declaration about itself, the acquirer(s)/the person(s) who shall have the control and their directors / partners
Additional quantity of 2360 MT of raw cane sugar for export to USA under TRQ, upto 30.09.2023, has been notified.
An Acknowledgement consisting of UIN, valid for a financial year shall be unique to a specific bank. If a scheme beneficiary desires to take advantage of the benefits of the scheme from multiple banks, a new UIN must be provided for each bank.
