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Archive: 07 November 2023

Posts in 07 November 2023

Approved Methods for Testing Fortificants in Fortified Rice Kernel (FRK)

November 7, 2023 972 Views 0 comment Print

Discover the approved methods for testing iron, folic acid, and vitamin B12 in Fortified Rice Kernel (FRK) as per the directives from the Food Safety and Standards Authority of India (FSSAI).

Public Provident Fund (Amendment) Scheme, 2023

November 7, 2023 7356 Views 0 comment Print

Explore the latest amendments in the Public Provident Fund Scheme, 2019 by the Ministry of Finance. Understand changes in account extension provisions for better financial planning

National Savings Time Deposit (Fourth Amendment) Scheme, 2023

November 7, 2023 2799 Views 0 comment Print

Delve into the details of the National Savings Time Deposit (Fourth Amendment) Scheme, 2023 by the Ministry of Finance. Understand premature closure conditions and interest rates

Senior Citizen’s Savings (Fourth Amendment) Scheme, 2023

November 7, 2023 9039 Views 0 comment Print

Explore the latest amendments in the Senior Citizen’s Savings Scheme 2019 by the Ministry of Finance. Understand new eligibility criteria, extension rules, and withdrawal conditions

Supreme Court of India: Filling Judge Vacancies

November 7, 2023 942 Views 0 comment Print

Explore the Collegium’s recommendations for filling vacancies in the Supreme Court of India. Learn about the selection criteria and nominees.

TCS on LRS & Overseas Tour Program – Income Tax Circular No. 10/2023

November 7, 2023 5295 Views 1 comment Print

Explore the key clarifications provided by Income Tax Circular No. 10/2023 on TCS under the Liberalized Remittance Scheme (LRS) and the purchase of overseas tour program packages. Understand the revised rates, definitions, and answers to common queries for a comprehensive overview.

Recovery proceedings u/r. 14 of CCR, 2004 unsustainable in premature availment of cenvat of capital goods

November 7, 2023 630 Views 0 comment Print

CESTAT Mumbai held that in case of premature availment of cenvat credit on capital goods the recovery proceedings under rule 14 of CENVAT Credit Rules, 2004 (CCR, 2004) would not sustain and only interest liability will arise.

Notice issued u/s 143(2) after 6 months from end of financial year in which return is furnished is time barred

November 7, 2023 4167 Views 0 comment Print

Delhi High Court held that notice issued under section 143(2) of the Income Tax Act after the expiry of six months from the end of the financial year in which return is furnished is barred by limitation and hence unsustainable in law.

Retention of gold and currency unjustified as two authorities concurrently orders release

November 7, 2023 390 Views 0 comment Print

Kerala High Court held that as two authorities have concurrently held in favour of the petitioner and ordered release of the Gold and Currency, the same cannot be retained. Accordingly, confiscated gold and cash directed to be released.

Amnesty Scheme for GST Appeals: Extension of Filing Period

November 7, 2023 7227 Views 0 comment Print

Explore the Amnesty Scheme under the GST Act, which extends the filing period for appeals against demand orders that could not be filed within the allowable time.

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