ITAT Mumbai held that short-term capital loss [STCL] on which STT is paid [which is taxable at 15% u/s. 111A of the Income Tax Act] can be set off against short-term capital gains [STCG] on which STT is not paid [which is taxable at 30% u/s. 115AD].
CESTAT Chennai held that imposition of penalty under Regulation 18 of the Customs Broker Licensing Regulations, 2013 [CBLR] justified as Customs Broker failed to intimate department about mis-declaration of weight in imported goods. Accordingly, appeal dismissed.
Karnataka High Court held that absence of three persons straightaway rule out the agreement from the scope of intermediary services. Thus, refund granted as independent services provided qualifies as export of services u/s. 2(6) of IGST Act.
Learn the steps and compliance requirements for changing a company’s registered office address within the same city, as per the Companies Act, 2013.
Explore the paradox of human existence, our fear of the future, and the challenge of living in the present. Understand how accepting impermanence can lead to a more meaningful life.
Gujarat High Court rules on condoning delay in tax return filing for a non-resident Indian, emphasizing “genuine hardship” and procedural fairness over technicalities.
Understand mandatory CSR under India’s Companies Act, 2013, and its tax treatment. Learn about disallowances, Section 80G deductions, and GST implications for CSR expenditure.
SARs reward employees based on share value growth without giving equity. Learn how SARs work, their tax impact, and why companies prefer them over ESOPs.
Calcutta High Court rules on ITC reversal, stressing strict adherence to Rules 42 & 43. Tax authorities must follow procedure; taxpayers get a chance for reconciliation.
Understand Income Tax scrutiny under Section 143(2) for AY 2024-25, faceless process, key deadlines, documents needed, and why expert help is crucial.
