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SAS 700 Training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports

January 20, 2023 1122 Views 0 comment Print

SAS 700 Training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports relates to the thematic area of Training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports

Senior Citizens’ Savings (Amendment) Scheme, 2023 – 8% Interest wef 01.01.2023

January 20, 2023 4389 Views 1 comment Print

Senior Citizens’ Savings (Amendment) Scheme, 2023 – deposit on or after 1st day of January, 2023 shall bear interest of 8.0% per annum

National Savings Certificates (VIII Issue) (Amendment) Scheme, 2023 – Interest Rate & Maturity Value wef 01.01..2023

January 20, 2023 1608 Views 0 comment Print

National Savings Certificates (VIII Issue) (Amendment) Scheme, 2023 – Maturity value of account opened on or after 1.1.2023 with 1000 rupees shall be Rs. 1405.05

Kisan Vikas Patra (Amendment) Scheme, 2023 – Amount to double in 10 Years

January 20, 2023 1377 Views 0 comment Print

Kisan Vikas Patra (Amendment) Scheme, 2023 – Maturity period of account opened on or after 1st day of January, 2023 shall be ten years and deposits made in account shall double on maturity.

FSSAI (Financial) Regulations, 2023

January 20, 2023 1581 Views 0 comment Print

Food Safety and Standards Authority of India (Financial) Regulations, 2023 shall come into force on 20th January, 2023

Arbitration is an alternative but whether it is equally efficacious or not?

January 20, 2023 939 Views 0 comment Print

Even before the law was codified there was an old tradition to settle the disputes amicably through arbitration and in order to make it easier and more systematic, the Arbitration Act, 1940 was enacted by Act No.10 of 1940 on 11.03.1940 to consolidate and amend the law relating to arbitration.

GST on designing and development of tools for the overseas OEMs/Machinist

January 20, 2023 2958 Views 1 comment Print

In re Precision Camshafts Limited (GST AAAR Maharashtra) The moot issues before us are as to whether activity of appellant is an intermediary service as held by the MAAR or as contended by the appellant, an activity of design and development of patterns/tools used for manufacturing of camshafts, for a overseas customer is a composite […]

Section 80P(2)(d) deduction eligible to co-op society on Interest income on investment of fund with co-op banks

January 20, 2023 21519 Views 0 comment Print

Interest income earned by a co-op society on its investment held with co­operative bank would be eligible for section 80P(2)(d) deduction

Income from property held as stock would be income from business

January 20, 2023 4839 Views 0 comment Print

If property is used as stock in trade then such property would become or partake the character of stock and any income from stock would be income from business and not income from property.

TP Adjustment should be restricted to AEs Transactions

January 20, 2023 1515 Views 0 comment Print

Toyota Kirloskar Motor (P) Ltd Vs ACIT (ITAT Bangalore) The Appellant submits the in its own case for AY 2003-04, the Honourable Bangalore Tribunal has accepted that TP adjustment has to restricted to AE transactions. Further, in Appellants own case for AY 2013-14 [ITA No.2016/Bang/2018, dated 18.08.2021], the Honourable Bangalore Tribunal has upheld the action […]

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