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Archive: 23 August 2024

Posts in 23 August 2024

Foreign Exchange Management Non debt Instruments Fourth Amendment Rules 2024: A thorough analysis

August 23, 2024 741 Views 0 comment Print

Explore the 4th Amendment to the Foreign Exchange Management (Non-Debt Instrument) Rules, 2019. Key updates on control definitions, startup criteria, and more.

Supply of Copy of Answer Books of CS Examinations June, 2024 Session

August 23, 2024 6113 Views 0 comment Print

ICSI offers June 2024 exam answer book copies for student review. Access via portal from August 28, 2024. Personal use only, not for public sharing.

Granting response time of less than seven days results into breach of principles of natural justice: Bombay HC

August 23, 2024 987 Views 0 comment Print

This petition under Article 226 of the Constitution of India assails the Assessment Order dated 27 March, 2024 passed by Respondent No.2 under the provisions of Section 144 read with Section 144B of the Income Tax Act, 1961.

Investment by firm allowable as deduction u/s. 54G to partner as per his partnership share: ITAT Rajkot

August 23, 2024 444 Views 0 comment Print

ITAT Rajkot held that each partner is owner of the assets to the extent of his share in the partnership, hence, exemption u/s 54G of the Act, should not be denied to the assessee under consideration.

FAQs on Section 80TTA and Section 80TTB deduction

August 23, 2024 4467 Views 0 comment Print

Learn about deductions under Section 80TTA and 80TTB, including eligibility, limits, and who can claim these tax benefits.

Penalty on employee of CHA not imposable for wrong availment of drawback by exporter: CESTAT Ahmedabad

August 23, 2024 222 Views 0 comment Print

CESTAT Ahmedabad held that penalty on the employee of CHA (Customs House Agent) cannot be imposed on the charge of wrong availment of drawback by the exporter as proven that he has not been benefited by attempt to claim excess drawback by exporter.

Unit of Measurement for Food Wrapping Paper and Foils

August 23, 2024 357 Views 0 comment Print

Govt seeks feedback on labeling food wrapping paper and aluminum foils in both weight (kg) and size (meter x meter) for accurate consumer information.

Revised Duty Drawback Rates for Gold and Silver Jewelry

August 23, 2024 783 Views 0 comment Print

The Indian government amends duty drawback rates for gold and silver jewelry with Notification No. 55/2024-Customs (N.T.), effective August 23, 2024.

Appeal Dismissed: IBBI Refuses to Disclose Insolvency Exam Papers

August 23, 2024 216 Views 0 comment Print

IBBI denies an RTI appeal seeking Limited Insolvency Examination question papers, citing confidentiality and competitive fairness as reasons under Section 8(1)(d) of the RTI Act.

India Imposes Anti-Dumping Duty on CPVC from China and Korea

August 23, 2024 1200 Views 0 comment Print

India extends anti-dumping duty on CPVC imports from China and Korea for five years to protect domestic industry from unfair pricing.

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