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Archive: 22 November 2024

Posts in 22 November 2024

Repeal Section 194T, which deals with TDS on Salary & Interest to Partners

November 22, 2024 11127 Views 1 comment Print

Section 194T imposes TDS on partner income, leading to procedural issues, misuse of funds, and complications for taxpayers. Calls for its repeal are growing.

Chhattisgarh HC allows GST Registration Revocation Petition

November 22, 2024 819 Views 0 comment Print

Chhattisgarh High Court permits revocation of GST registration for Jagdamba Marble after business relocation, addressing procedural lapses and compliance issues.

Bombay HC stays anti-profiteering re-investigation notice

November 22, 2024 762 Views 0 comment Print

Bombay High Court halts further action on anti-profiteering reinvestigation notice issued to Vital Developers Pvt. Ltd. until the petition’s final disposal.

Allahabad HC on Section 129(1)(b) Penalty Imposition vs. CBIC Clarification

November 22, 2024 750 Views 0 comment Print

Allahabad HC sets aside penalty under Section 129(1)(b), citing CBIC clarification for Section 129(1)(a). Case remanded for reconsideration within two weeks.

Probate, LoA and Succession Certificate

November 22, 2024 1206 Views 0 comment Print

Learn about intestate succession, including probate, letters of administration (LoA), and succession certificates for movable and immovable properties.

RBI Urges NBFCs to Focus on Compliance & Risk Management

November 22, 2024 780 Views 0 comment Print

RBI advises NBFCs to adopt compliance-first culture, risk management, and ethical practices, warning against aggressive growth and unsustainable lending practices.

Special Procedure for Rectifying GST Orders -Section 148: ITC Relief

November 22, 2024 71739 Views 0 comment Print

Explore GST’s special procedure under Section 148 for rectifying ITC-related orders. Learn about amendments, rectification steps, and compliance guidelines.

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