Understand the taxation on ESOPs, including when options are exercised and shares are sold, and related TDS provisions for employees.
GST on aggregator services for diagnostics is taxable at 18%. AAR Karnataka clarifies GST obligations and non-eligibility for TCS under e-commerce rules.
We have to examine delay as excessive or inordinate based on whether there is a reasonable cause for not filing the appeal on time by the assessee and in our view when there is a reasonable cause, the period of delay may not be relevant factor.
Gujarat High Court allows GST refund on ocean freight paid under RCM after the relevant notification was struck down, rejecting time-barred claims.
A disciplinary committee found a chartered accountant not guilty of professional misconduct. The case involved a declaration on e-Form INC-22 for a company’s registered office, which was certified as personally visited. The committee found that while the CA didn’t visit personally, a delegated associate did, and sufficient evidence supported that due diligence was exercised.
ICAI Disciplinary Committee clears CA Pallav Narang in INC-22 case, finding no professional misconduct in certifying company registered addresses.
A Disciplinary Committee has found CA. Pallav Pradyumn Narang not guilty of professional misconduct, citing a lack of malicious intent behind technical omissions in financial statements.
A Disciplinary Committee has exonerated CA Rakesh Kumar of professional misconduct charges related to certifying company incorporation forms with incorrect director details.
It is important to note here that CIT(A) had dismissed the appeal of the assessee in limine without adjudicating on merits. The CIT(A) held that there is a delay of 640 days in filing the appeal before him and there is no reasonable cause for condoning the same.
Kerala High Court held that lessee is liable to deduct TDS u/s. 194-I of the Income Tax Act, however, there is a dispute for ownership of the property. Then, in such case lessee is directed to deduct TDS and deposit under his TAN as unclaimed challan.
