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Archive: 15 February 2024

Posts in 15 February 2024

SAED on production of Petroleum Crude increased to Rs. 3300 per tonne wef 16.02.2024

February 15, 2024 420 Views 0 comment Print

Explore the latest amendment, Notification No. 06/2024-Central Excise, enhancing Special Additional Excise Duty on petroleum crude production to Rs. 3300 per tonne. Effective from 16th February 2024

Customs Updated Guidelines for Arrest and Incident Reports

February 15, 2024 2394 Views 0 comment Print

Stay compliant with Customs Instruction 02/2024 as the Government of India revises guidelines and formats for Arrest and Incident Reports. Learn about the enhanced risk profiling and database integration for effective smuggling prevention

ITAT: Interest from Co-op Banks Not Same as Co-op Society, Denies 80P(2)(d) Deduction

February 15, 2024 2562 Views 0 comment Print

ITAT Bangalore rules against deduction under section 80P for interest income from Co-operative Banks, impacting Bantwal Public Employees Consumers Society.

Right to Hearing Mandatory for Adverse Orders: Section 75(4) of CGST Act 2017

February 15, 2024 2424 Views 0 comment Print

In a landmark decision, Allahabad High Court sets aside an order for erroneous GST refund recovery against KEC International, emphasizing hearing rights.

Join Live webinar on Taxation Critical Issues & Solution

February 15, 2024 2952 Views 0 comment Print

Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me tell you how: There are over 12 types of taxes in India, yet our tax collections are only 5% compared to the US (Second largest democracy). Due to this, we lack access to free education, […]

Mere Two Set of Invoices Insufficient to Prove Clandestine Removal Without Evidence

February 15, 2024 1023 Views 0 comment Print

CESTAT Kolkata overturns charges against Sharda Rerollers for alleged clandestine removal, emphasizing the need for corroborative evidence in such cases.

Join Live Webinar on Understanding TDS on Purchase/Sale of Property

February 15, 2024 4803 Views 0 comment Print

Join the exclusive webinar on Understanding TDS on Purchase/ Sale of Property under Section 194IA of Income Tax Act, 1961. Many taxpayers and buyers of property are receiving notices for inadequate deduction of TDS on property. Moreover a large number of home buyers do not know that they have to deduct TDS while making payments […]

Learn GST Filings with CA Sachin Jain’s Exclusive Live Course!

February 15, 2024 16818 Views 3 comments Print

Learn to demystify the complexities of GST filings and take your skills to the next level with CA. SACHIN JAIN’s exclusive live course! Gain practical insights into GST filings now.

Draft IRDAI (Protection of Policyholders’ Interests & Allied Matters of Insurers) regulations 2024

February 15, 2024 2208 Views 0 comment Print

Learn about the draft IRDAI (Protection of Policyholders’ Interests & Allied Matters of Insurers) regulations 2024, including provisions on premium collection, policy nominations, insurance advertisements and more.

ICAI Empanelment of Observers for May/June 2024 Exams

February 15, 2024 18544 Views 0 comment Print

Get details on empanelment of members as observers for the May/June 2024 Chartered Accountants Examinations by ICAI. Learn about eligibility, honorarium, duties, and how to apply.

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