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Archive: 29 November 2023

Posts in 29 November 2023

Cenvat Credit reversal not required as Bagasse is not a manufactured final product

November 29, 2023 498 Views 0 comment Print

Explore the Ponni Sugars vs Commissioner of Central Excise case. CESTAT Chennai landmark ruling on CENVAT credit, bagasse, and legal implications.

No Sections 77 & 78 Penalties if No Intent to Evade Service Tax Payment

November 29, 2023 438 Views 0 comment Print

Learn CESTAT Chandigarh’s ruling on Passi Construction’s service tax, abatement & penalties with no intent to evade service tax payment. Analysis & implications.

Fees for Share Purchase Agreement Drafting is Revenue Expenditure: ITAT

November 29, 2023 696 Views 0 comment Print

Understand the implications of ITAT Delhi’s decisions on Professional Fees Share Purchase Agreement Drafting Revenue Expenditure for AY 16-17. Explore ACIT vs. SSP Pvt. Ltd case & the dispute related to advocate fees and advertisement expenses.

शादियों के मौके पर बन सकती है आपकी पूंजी और टैक्स भी नहीं लगेगा

November 29, 2023 2301 Views 0 comment Print

आयकर रिकार्ड करने को सुलझाएँ किसी भी शादी मौके पर किंतु तहसील नहीं करें। शादी में आने वाले गिफ्ट एवं कैश को साबित करें और टैक्स नहीं लगे।

ITAT upholds deletion of cash found at directors premises belonging to Company

November 29, 2023 558 Views 0 comment Print

In a significant ruling, ITAT Delhi upholds deletion of cash addition in DCIT vs. Atul Gupta case for AY 2017-18 after demonetization. Get the full order details here

Understanding GST Section 36: Period of Retention of Accounts

November 29, 2023 3780 Views 0 comment Print

This article delves into the specifics of GST Section 36, shedding light on the duration for which businesses must maintain their financial records.

Be aware of GST Classification: Avoiding Pitfalls in Business

November 29, 2023 1170 Views 0 comment Print

In this detailed exploration, we will unravel the theoretical groundwork necessary to comprehend the implications of misclassification, using a practical example involving retailers, wholesalers, and manufacturers.

Do Bloggers or Youtubers need to pay taxes?

November 29, 2023 1860 Views 0 comment Print

This article aims to demystify the process of paying income tax for bloggers, shedding light on applicable deductions and tax-saving strategies. 

Exemption of deposits from provisions of Section 51 of Customs Act, 1962

November 29, 2023 540 Views 0 comment Print

Explore the latest changes in Customs Act with Notification No. 88/2023-Customs (N.T.) dated 29th November, 2023. Key amendments, effective date, and impact discussed

Notification to exempt deposits into ECL till 19th January 2024

November 29, 2023 594 Views 0 comment Print

Explore the latest amendments to the Customs Act by the Government of India through Notification No. 87/2023-Customs (N.T.) dated 29th November 2023. Key changes and implications revealed

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