CBIC rescinds notification No. 30/2021-Customs, dated 01.05.2021 by which IGST on Import of Oxygen Concentrators for personal use was reduced from 28% to 12% till 30.06.2021. MINISTRY OF FINANCE (Department Of Revenue) New Delhi Notification No. 33/2021-Customs | Dated: 14th June, 2021 G.S.R. 401(E).—In exercise of the powers conferred by sub-section (1) of section 25 […]
Autodesk Asia Pvt. Ltd. Vs ACIT (ITAT Bangalore) Given the definition of royalties contained in Article 12 of the DTAAs mentioned in paragraph 41 of this judgment, it is clear that there is no obligation on the persons mentioned in section 195 of the Income Tax Act to deduct tax at source, as the distribution […]
Provided further that in case an Insured woman who is in receipt of maternity benefit and due to reason of which, a shorter contribution period is available to her in the contribution period ending in which the Maternity Benefit falls, she shall be qualified to claim sickness benefit in the corresponding benefit period if the contribution in respect of her were payable for not less than half the number of days available for working in such contribution period
The continuing economic impact of the pandemic, governments, globally, are looking to mobilize revenues and debating on the best way for immediate collection. Should it be taxes directly collected from individual taxpayers such as increased personal income, wealth and property tax; or increased taxes on luxury goods consumption; or taxes collected via the digital economy. […]
The Advocates Mutually Aided Cooperative Society Ltd. Vs DCIT (ITAT Hyderabad) FULL TEXT OF THE ORDER OF ITAT HYDERABAD These appeal filed by the Assessee as well as Revenue are directed against CIT(A) – 7, Hyderabad’s separate orders, dated 21/02/2019 for AY 2011-12 & 2014-15 involving proceedings u/s 143(3) rws 147of the Income Tax Act, […]
GST Council Secretariat, New Delhi Highlights of 43 GST Council Meeting The 43rd GST Council was held under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing on 28 May, 2021. The meeting was attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur, Finance Ministers […]
All students enrolled for June 2021 exam session of the Institute (which is now scheduled to be held from 10th August to 20th August 2021), are hereby informed that it has been decided to re-open the online window from 00.01 Hours on Thursday, 10th June 2021 to 23.59 Hours on Saturday, 12th June 2021 for submission of request for change of Exam Centre.
Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India 10th June, 2021 ANNOUNCEMENT Sub: Amendment in Rule 38A of the Companies (Incorporation) Rules, 2014 This is to inform you that the Ministry of Corporate Affairs, as part of its Ease of Doing Business (EODB) initiatives has amended the Rule 38A of […]
The entity may be set up in the IFSC in the form of a company or a limited liability partnership or a registered partnership firm, their branch thereof or any other form as may be approved by the IFSCA;
In respect of fourth issue of failure to collect information about the CD from other sources, the DC notes that IP has a duty to collect all information relating to the assets, finances, and operations of the CD for determining the financial position of the CD. The DC notes that in situation when there is […]
