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CBDT Chairman to Speak on 15th July, 2021 on Youtube & Facebook

July 13, 2021 1527 Views 0 comment Print

Inaugural Session of Samvaad with Chairman, CBDT– The Chairman Speak on 15th July, 2021 at 01:00 PM – Streaming on Official YouTube Channel and Facebook Page of the Department

Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs

July 13, 2021 1146 Views 0 comment Print

Shri Rao Inderjit Singh took charge as Union Minister of State in the Ministry Corporate Affairs (MCA), here today. Before taking charge as Union Minister of State for MCA, Shri Singh already holds Union Minister of State (Independent Charges) for Ministry of Statistics and Programme Implementation as also for the Ministry of Planning.

No TDS on Purchase of software licenses with associated hardware from Foreign Companies

July 12, 2021 21033 Views 0 comment Print

Autodesk Asia Pte Limited Vs DCIT (ITAT Bengalore) The assessee is a Singapore based company, a subsidiary of Autodesk US and the headquarters for Asia-Pacific (APAC) region. It is engaged in the business of manufacturing, designing and supporting computer software and related Autodesk products in the APAC region. It performs or manages activities related to […]

Notional rent not leviable if a flat is inhabitable and in a ruinous condition

July 12, 2021 2130 Views 0 comment Print

Explore ITAT Mumbai’s rulings in Amit Jalan vs ACIT cases, covering issues like notional rent for vacant flats and municipal ratable values.

Update on New Income Tax eFiling Portal

July 10, 2021 2052 Views 6 comments Print

Update on New Income Tax eFiling Portal : ICAI is continuously engaged as a stakeholder in streamlining the Portal. We sincerely believe that our concerted actions will help in delivering a glitch free & effective eFiling portal for public use soon. The Institute of Chartered Accountants of India Members may recall the meeting chaired by […]

Guidance note for companies undergoing Corporate Insolvency Resolution Process

July 9, 2021 4071 Views 0 comment Print

Insolvency professional is required to ensure that the company complies with the applicable laws, including SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018.

HC accepts plea challenging notification allowing issue of section 148 notices after 31-03-2021 

July 9, 2021 4686 Views 0 comment Print

Sahil International Vs ACIT (Bombay High Court) 1. Mr. Jain, learned counsel for the Petitioner states that despite enforcement of the amended Income Tax Act, 1961 with effect from 01.04.2021, the Respondents purport to invoke repealed provisions of Section 148 of the Income Tax Act without following provisions of amended Act, issuing notice dated 07.06.2021. […]

India enters Extradition with Republic of Malawi

July 9, 2021 618 Views 0 comment Print

WHEREAS, the Extradition Treaty Between the Government of the Republic of India and the Government of the Republic of Malawi was signed at Lilongwe on the 5th November, 2018 and the Instruments of Ratification of the said Treaty were exchanged at New Delhi on the 26th February 2021;

Advance ruling under GST can be obtained only for supply by Applicant

July 9, 2021 681 Views 0 comment Print

In re Ramohalli Krishnrao Karthik (GST AAR Karnataka) In the instant case, the applicant has sought advance ruling in respect of the supplies undertaken by M/s. Mysore Stoneware Pipes and potteries Private Limited and not with respect to the supplies undertaken by the applicant. Thus the application is not admissible and liable for rejection in […]

Seed dressing, coating & treating drum machine classified under HSN 84368090

July 9, 2021 2316 Views 0 comment Print

In re Adarsh Plant Protected Ltd (GST AAR Gujarat) As per HSN Notes, the other agricultural machinery includes seed dusting machines usually consisting of one or more hoppers feeding a revolving drum in which the seeds are coated with insecticidal or fungicidal powders. We find that this Chapter Heading is more appropriate for classifying the […]

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