Office Order No. 259 of 2019- Consequent upon approval of the Competent Authority, following officers are, hereby, promoted to the grade of Commissioner of Income Tax (CIT) (level 14 in the pay matrix Rs. 144200-218200/-) w.e.f. the date of assumption of the charge of the post by them and until further orders:
Intec Corporation Vs. ACIT (Delhi High Court) Plain reading of Section 150 reveals that it deals with a situation where an assessment or re-assessment for a particular year or for a particular person is necessitated by an order passed by appellate or revisional authority or on a reference. In such cases, it may not be […]
i. AMCs may provide management and advisory services in terms of Regulation 24(b) of MF Regulations to FPIs falling under the following categories of FPIs as specified in FPI Regulations: a. Government and Government related investors such as central banks, sovereign wealth funds, international or multilateral organizations or agencies including entities controlled or at least 75% directly or indirectly owned by such Government and Government related investor(s);
Each year you can always be sure of two things: tax season and upgraded software. The latter is true for a tool we’ve covered before: Able2Extract Professional. This PDF tool is ideal for both corporate and individual needs. Last year, we honed in on its PDF signatures feature and how to sign PDF documents. While […]
Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, held a press conference on the measures taken to boost economy. Chief Economic Adviser K. Subramanian, gave a presentation on Major Interventions to Boost Economy.
Aviat Health Care Pvt. Ltd. Vs Commissioner of CGST (CESTAT Mumbai) It is worthwhile to mention here that ‘trading’ is a pure sale which is subjected to the taxable jurisdiction of the provisional Government and no Service Tax liability accrues from pure sale un-associated with any service component as has been elaborately dealt by the […]
Violation of TDS provisions has been a punishable offence for more than a century. However, the number of cases reported in the media where TDS cases have resulted in conviction and the persons responsible for such violation of law have been sent to jail are coming out in good numbers and at an increased frequency only recently.
A.F. Babu Vs Union of India (Kerala High Court) While it is a fact that the petitioners did not make an attempt to log into the system before 27.12.2017, the cut-off date prescribed by the respondents for uploading the TRAN-1 Form to the web portal, I find that the petitioners were guided by a press […]
Tariff Notification No. 90/2019-Customs (N.T.) dated 13.12.2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 90/2019-CUSTOMS (N.T.) New Delhi, 13th December, 2019 22 Agrahayana, 1941 (SAKA) […]
There shall be four categories of time deposit accounts, namely, One-year account, Two-year account, Three-year account and Five-year account in which a deposit may be made for a period of one year, two years, three years and five years respectively.
