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Understanding Business Process Outsourcing

December 28, 2021 1692 Views 0 comment Print

Business process outsourcing can help business owners in many ways. Read on to learn more about what it is and how it works.

Glitches on Income Tax Portal & request for due date extension

December 28, 2021 16212 Views 2 comments Print

The Chamber Of Tax Consultants has made a representation to Smt. Nirmala Sitharaman on Technical glitches in the Income-tax e-fining portal and  Requested for Extension of due dates for filing Return of Income. Full text of their representation is as follows:- THE CHAMBER OF TAX CONSULTANTS Date: 27th December, 2021 To, 1. Smt. Nirmala Sitharaman, […]

Levy of 12% GST on Textiles : Request for deferment of implementation

December 28, 2021 7416 Views 0 comment Print

Confederation of All India Traders requested for deferment of implementation of levy of 12% GST on Textiles. As according to them increase in GST Rate on Textile is illogical and beyond the canon of GST tax structure particularly at a time when the domestic trade of the Country is on the verge of recovery from […]

SEBI Board approves Amendments to 9 regulations

December 28, 2021 3126 Views 0 comment Print

The Board approved the proposal to amend various aspects of regulatory framework under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) and consequential amendment to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as applicable, based on the public consultation process on the proposals recommended by Primary Market Advisory Committee (PMAC).

Public Debt Management Quarterly Report for July – September 2021 (Q2 FY22)

December 28, 2021 1575 Views 0 comment Print

Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance, has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter July – September 2021 (Q2 FY22).

Receipt of payment for mere allowing customer/users to access database not amounts to Royalty

December 28, 2021 1431 Views 0 comment Print

Elsevier Information Systems GMBH Vs DCIT (ITAT Mumbai) t issue which arises for consideration is, whether the subscription fee can be treated as fees for technical services. As discussed earlier, it is evident that the assessee has collated data from various journals and articles and put them in a structured manner in the database to […]

Parcel Tracking And How It Benefits Courier Businesses

December 28, 2021 1068 Views 0 comment Print

#AD Shopping from online stores has become the normal way of purchasing most items. Amazon, eBay, AliExpress, and other big corporations share market space with many small-scale localized courier companies as well as the bigger dedicated logistics firms like FedEx and DHL.

CBIC Notifies Rate of Exchange of Turkish Lira wef 28.12.2021

December 27, 2021 495 Views 0 comment Print

CBIC notifies Rate of Exchange of Turkish Lira against Indian Rupees with effect from 28th December, 2021 vide Notification No. 104/2021-Customs (N.T.) | Dated: 27th December, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 104/2021 – Customs (N.T.) New Delhi, dated the 27th December, […]

Disallowance under Section 43B due to wrong reporting in Audit Report- ITAT restores the issue to AO

December 27, 2021 6060 Views 0 comment Print

Rukmini Polytubes Pvt. Ltd. Vs DCIT (ITAT Delhi) ITAT find the adjustment of Rs. 1,82,543/- under section 43B(b) was made by the CPC on account of belated payment of PF and ESI payment of Bonus and GST. It is the submission of the Learned Counsel for the Assessee that the above payments were made before […]

HC quashes Custom order passed in violation of Principle of Natural Justice (No Cross-examine Opportunity)

December 27, 2021 1428 Views 0 comment Print

It is recorded that this court has set aside the impugned adjudication order only on the ground of violation of principle of natural justice and has not gone into the merits of the case itself.

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