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Retirement Income Optimization through Multiple Annuities to be available soon: PFRDA

May 10, 2023 591 Views 0 comment Print

In the interest of subscribers’ retirement income optimization and to provide them with a wider range of annuity options, PFRDA is pleased to inform that the choice of multiple annuities from the same ASP will be made available.

Interstate purchase of capital goods not affect Section 15(1) benefit under Karnataka VAT

May 10, 2023 375 Views 0 comment Print

Interstate purchase of capital goods by assessee shall not affect benefit under Section 15(1) of Karnataka Value Added Tax Act, 2003: HC

AO to provide reasons to disbelieve bank statements for reopening of assessment

May 10, 2023 909 Views 0 comment Print

Presumption that Petitioner beneficiary of accommodation entries based on statement of third party was disproved. Consequently, onus would be on AO to provide reasons to disbelieve bank statements and supporting documents for reopening the assessment.

Non receipt of Notices: HC quashes Order of Maharashtra Sales Tax Tribunal

May 10, 2023 858 Views 0 comment Print

whether the contention of Petitioner that Petitioner was unaware of these dates and therefore could not attend the appeal should be accepted.

CBIC allows imports of Crude Soya-bean & Sunflower Oil at zero BCD & AIDC

May 10, 2023 702 Views 0 comment Print

CBIC allows imports of Crude Soya-bean Oil and Crude Sunflower Oil at zero Basic Customs Duty (BCD) and zero Agriculture Infrastructure and Development Cess (AIDC) for TRQ license holders for FY 2022-23 up to the 30th June, 2023 vide Notification No. 37/2023-Customs Dated- 10th May 2023. MINISTRY OF FINANCE (Department of Revenue) New Delhi, Notification No. […]

CBDT notifies Food Safety and Standards Authority of India – Section 10(46)

May 10, 2023 1425 Views 0 comment Print

CBDT notifies Food Safety and Standards Authority of India under Section 10(46) of Income Tax Act, 1961 vide Notification No. 26/2023-Income Tax Dated: 10th May, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 26/2023-Income Tax | Dated : 10th May, 2023 S.O. 2155(E).—In exercise of the powers conferred by […]

CBDT notifies Pune Metropolitan Region Development Authority – Section 10(46)

May 10, 2023 1092 Views 0 comment Print

CBDT notifies Pune Metropolitan Region Development Authority under Section 10(46) of Income Tax Act,  1961 vide Notification No. 25/2023-Income Tax Dated: 10th May, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 25/2023-Income Tax | Dated : 10th May, 2023 S.O. 2154(E).—In exercise of the powers conferred by clause (46) […]

No Section 234E late fees for delayed TDS Statement filed before 31.05.2015

May 10, 2023 480 Views 0 comment Print

Klug Avalon Mechatronics Private Limited Vs ITO (ITAT Pune) ITAT held that a person is liable to deduct any sum under the provisions of chapter XVII of the Act, is under obligation to deliver or furnish a statement u/s 200(3) of the Act within the due date prescribed therein and in the event of default, […]

SEBI allow stock exchanges to extend DMA facility to FPIs for participation in ETCDs

May 10, 2023 1047 Views 0 comment Print

To enabling DMA facility to FPIs in ETCDs SEBI decided to allow stock exchanges to extend DMA facility to FPIs for participation in ETCDs

Formalisation of Informal Micro Enterprises on Udyam Assist Platform

May 9, 2023 1485 Views 0 comment Print

Government of India, vide Gazette Notification S.O. 1296(E) dated March 20, 2023, has specified that the certificate issued on the UAP to IMEs shall be treated at par with Udyam Registration Certificate for the purpose of availing Priority Sector Lending (PSL) benefits.

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