Learn about the tax implications of premature withdrawal from the Employees’ Provident Fund (EPF) under Section 192A. Understand the applicable rate of TDS, thresholds, and the consequences of not furnishing PAN.
ITAT Mumbai held that addition of notional interest on advances to related parties (i.e. the directors and sister concern/related parties) unsustainable as the assessee has been able to substantiate availability of sufficient interest free funds.
ITAT Chennai held that one delay in deposit of employees contribution to PF & ESI covered by the provisions of the General Clauses Act, 1897 as due date was a national holiday. Disallowance u/s u/s.36(1)(va) of the Income Tax Act, 1961 for such delay unjustified.
ITAT Ahmedabad held that deduction under Section 80P of Income Tax Act, 1961 not allowable on interest income earned from the nationalized banks.
Learn about Form DPT-3 filing requirements, applicable companies, deadlines, and consequences for non-compliance. Understand the rules and ensure timely submission to avoid penalties. Get expert guidance for hassle-free filing.
Learn about the concept of a company, its legal definition, types of companies, and the process of incorporating a company. Explore different classifications based on liability and incorporation and gain insights into the required documents.
Filing an application for DIN allotment is now a straightforward process. Learn about the implications of DIN for director appointments and the enigma of Section 156 in the Companies Act 2013.
Learn the crucial compliance activities every newly incorporated company should know and follow to avoid penalties. From registering the office address to appointing auditors, we cover it all.
The HO would have an option to distribute such ITC either through cross charge or ISD mechanism. Further, the present provisions do not mandate the usage of ISD mechanism. In case, ISD is opted, then ISD registration is mandatorily required in terms of Section 24 (viii) of the CGST Act.
Dive into the comprehensive guide on Residential Status & Tax Implications in India. Uncover the nuances of determining residency, taxability for residents, non-residents, and RNOR. Learn about exceptions, deemed residency, and the impact on global income.
