"14 November 2023" Archive

Understanding Contract Notes: Essential Insights for Investors

Know the power of contract notes in stock market investments. Learn how these legal documents provide crucial transaction details, insights, and financial implications for traders....

Posted Under: SEBI |

NRI Property Purchase in India: Guidelines, Permissions & Procedures

Introduction: The acquisition of commercial or residential property in India by Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) is governed by the Foreign Exchange Management Act (FEMA) and the FEMA (Non-Debt Instrument) Rules 2019. This article provides comprehensive insights into the regulations, permissions, and proce...

Posted Under: SEBI |

Understanding ITC Reversal: Rule 37(A) Compliance Guide

Press Release No. 613 14/11/2023

Rule 37(A) of CGST Rules! Learn about ITC reversal obligations, deadlines, and process. Team GSTN provides essential guidance for taxpayers. ...

Online Compliance Advisory: ITC Mismatch Resolution with GST DRC-01C

Press Release No. 614 14/11/2023

Advisory on how to resolve Input Tax Credit (ITC) mismatches between GSTR-2B and GSTR-3B using new GST DRC-01C. Take action to avoid filing disruptions!...

Draft IRDAI (Expenses of Management, Including Commission, of Insurers) Regulations, 2023

Notification No. 446.1 /8/EoM-PA/F&A-Life/2023-24 14/11/2023

IRDAI's Exposure Draft on Expenses of Management Regulations 2023, aiming to enhance insurers' efficiency and optimize resources for policyholder benefits....

Shipping Business Operators: Types, Charters, Taxation and Benefits

Article explains diverse roles in shipping, charter types, and tax implications for operators in the maritime industry, including benefits in International Financial Services Centres....

Posted Under: SEBI |

CIT(A) Required to Provide Plausible Reasons for Deletion of Addition: ITAT

ITO Vs Bharat Auto Tech Private Limited (ITAT Hyderabad)

ITAT Hyderabad ruling on CIT(A) requirements, reasons for deletion of additions, and appeal filed by Revenue against Bharat Auto Tech Private Limited....

ITAT Delhi deletes addition for Difference in Opening & Closing Stock Due to Mistake

ITO Vs Roshan Lal Sharma (ITAT Delhi)

ITAT Delhi upholds deletion of Rs. 1.75 Cr disallowance, clerical error in ITR. Full order details of ITO vs. Roshan Lal Sharma for AY 2011-12 & 2012-13....

Income Tax Reassessment Requires valid service of Section 148 Notice

PCIT Vs Madhu Gupta (Delhi High Court)

In the PCIT vs. Madhu Gupta case, Delhi HC emphasizes the necessity of a properly served notice under Section 148 for triggering reassessment proceedings....

CGST Rule 144A(1): Non-Payment Consequences & Enforcement Procedures

Introduction: Embarking on a nuanced exploration of the intricate tax framework delineated by the Central Goods and Services Tax Act, 2017 (CGST Act) and the Central Goods and Services Tax Rules, 2017 (CGST Rules), our focus converges on Rule 144A (1). This critical provision unfolds a structured approach in addressing the aftermath of pe...

Posted Under: SEBI |

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December 2023