CESTAT held that the assistance rendered by the appellants to their member farmers in auctioning their agricultural produce does not tantamount to rendering any service classifiable under ‘Auctioneers’ Service’.
Delhi High Court directs timely adjudication of objections on default tax assessment. Create an online portal, warns against delay. Read the judgment details.
Provision for obsolete stock be allowed as deduction subject to satisfying himself that valuation is done based on principle that at cost or market price or net realizable value, whichever is less.
Buyback of shares in the stock market have been questioned in recent years, despite their potential benefits. Over the last decade, buybacks have increased dramatically, with some corporations using them to take advantage of inexpensive stocks and others using them to artificially boost stock prices.
With a hike in traders offering training to deal with the Indian stock market, there have been noticeable pitfalls and profits in the business.
Stock market is known for its volatile nature, & events like Russia-Ukraine war and COVID-19 pandemic can shake market even more than usual.
The stock market is a traditional method of money-making, and there are various methods of stock trading you can choose from. Each of them has its pros and cons.
Before beginning your intraday trading, it is crucial to understand the basics and strategies to avoid losses while gaining multiple profits in a day.
Change of opinion does not constitute justification and/or reason to believe that income chargeable to tax has escaped assessment.
The case of the assessee is that the payments were covered under clause (k) of Rule 6DD, which provides that no disallowance will be made where the payment is made by any person to his agent who is required to make payment in cash for goods or services on behalf of such persons.
