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ITAT explains taxability of Amount received for Time Charter of ship

January 30, 2023 1731 Views 0 comment Print

payment received by the owner from the charterer has to be reckoned as payment from operations of carriage of goods from one port in India to another port in India, which falls under the ambit of carrying out shipping business or shipping operators.

Jharkhand HC held Minister guilty of acquiring disproportionate assets by Misuse of political position

January 30, 2023 1239 Views 0 comment Print

Jharkhand High Court upholds Anosh Ekka’s conviction for acquiring disproportionate assets. Co-accused sentenced for abetting and conspiracy under P.C. Act.

3 Grievance Appellate Committees Notified on recently amended IT Rules 2021

January 29, 2023 942 Views 0 comment Print

Centre today established three Grievance Appellate Committees based on the recently amended Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

Applicability of Standards/Guidance Notes/Legislative Amendments May, 2023 CA Exam

January 21, 2023 6199 Views 0 comment Print

Board of Studies The Institute of Chartered Accountants of India Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2023 – Foundation Course Examination Paper 2, Section A: Business Laws for May 2023 examination (1) (2) (3) S. No. in the syllabus Chapters/ Topics of the syllabus Inclusions 1. Chapter 1: The Indian Contract Act, 1872 […]

Empanelment of Stock Auditors with UCO Bank of CA/ICWA

January 21, 2023 69969 Views 1 comment Print

UCO Bank of India invites application for empanelment of stock auditors from eligible individuals CA/ICWA and proprietorship/partnership firms

No addition based on Loose papers on mere suspicion without any corroborative evidence

January 20, 2023 3564 Views 0 comment Print

Mansukh Timbadia Vs ACIT (ITAT Pune) In this case scrutiny of entries of seized loose papers reveals that the transactions noted thereon were not genuine and have no evidentiary value for the reason no clear details concerning the AY consideration are ascertainable as rightly pointed by the ld. AR as it establishes estimations only. This […]

OVAT: No concessional VAT on Tyre, Tube & Flaps sold with Tractor-Trolley

January 20, 2023 864 Views 0 comment Print

Tribunal was justified to tax tyre, tube and flaps when sold along with tractor-trolley as a single unit to be taxed separately @ 12.5% [up to 31.03.2011] and 13.5% [after 01.04.2011]

Ways To Exchange Money For Cryptocurrency With Bank Card

January 18, 2023 513 Views 0 comment Print

In the Cryptocurrency market, you will find a lot of firms, which will assist you to convert your Crypto to cash. Or you can do the opposite by converting fiats to Cryptocurrencies.

NFRA to introduce Annual Transparency Report by the Audit Firms

January 16, 2023 8997 Views 1 comment Print

As a step towards enhancing the transparency about management and governance of audit firms and their internal policy framework to ensure high quality audits and preventing conflict of interest by maintaining independence, the National Financial Reporting Authority (NFRA) has published draft requirements regarding preparation and publication of Annual Transparency Report (ATR) by auditors/audit firms.  These […]

A Lifetime of Financial Security: Life Insurance Investing

January 13, 2023 1155 Views 0 comment Print

Investing in life insurance is one of the most important financial decisions you can make. Not only will it provide your family with financial security, but it can also bring peace of mind and stability during difficult times.

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