CBDT recently proposed significant changes to Rule 11UA regarding valuation of shares and applicability of section 56(2)(viib), commonly known as Angel Tax
Section 80DD of the Income Tax Act, 1961 offers tax deductions regarding the medical treatment and maintenance of a dependent with disability. Under this section, the taxpayer can claim a deduction in respect of expenses incurred for the medical treatment and maintenance of a dependant who is a person with disability.
In the context of manufacturing FMCG goods, a robust VMS becomes even more critical due to the specific challenges associated with the industry.
In this article, we will explore the many steps and strategies that must be taken before putting a plan for a manufacturing plant into effect in India.
SC held that assessee was not the owner of bitumen for Section 69A, and bitumen could not be classified as an ‘other valuable article’ under section 69A.
Krishna Das Agarwal Vs DDIT/ADIT (Inv.) (ITAT Jaipur) Black Money Act – Company Is a Separate Legal Entity and The Assessee Cannot Be Held to Be Beneficial Owner Ipso-Facto Due to Majority Shareholding / Directorship.- FULL TEXT OF THE ORDER OF ITAT JAIPUR These bunch of five appeals consist of one appeal filed by the […]
The Constitution of India is framed after much deliberations by the stalewarts and the constitution makers like Dr. B.R. Ambedkar and 4 others. It was framed with preamble Sovereign Socialist Democratic Republic and was later amended by secular. It has 4 pillars and the courts constituted under chapter-V of the constitution are one of the pillars.
AAR ruled that purchasing second hand gold in form of jewellery / parts of jewellery, from unregistered individuals and selling to registered / unregistered dealers, after melting in form of lumps / irregular shapes of gold will not get benefit of chargeability of GST on the margin difference between the sale price and purchase price as stipulated in Rule 32(5) of CGST Rules 2017
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Most of such documents have a system-generated unique identifier DIN (Document Identification Number)/ RFN (Reference Number). These documents, by virtue of being generated by the System, are already traceable in the portal, mostly on the taxpayer’s dashboard.
