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CBDT issued Procedure for Income Tax Deduction Certificate Applications via TRACES

September 27, 2023 15630 Views 1 comment Print

Learn about the updated procedure, format, and standards for applying for an income tax certificate under Section 197 of the Income-tax Act in India. Effective from October 1, 2023

Customs Act : Section 51 Deposit Exemption Extended to Dec 1, 2023

September 27, 2023 537 Views 0 comment Print

Ministry of Finance extends deposit exemption from Section 51 of Customs Act, 1962, until December 1, 2023, through Notification No. 70/2023-Customs (N.T.).

CBIC exempt deposits into ECL till 30th November 2023

September 27, 2023 804 Views 0 comment Print

Ministry of Finance extends the exemption for deposits into ECL until November 30, 2023, through an amendment to the Customs Act. Learn more in this article.

SEBI Circular: Extension of Timelines for Demat and Trading Accounts

September 26, 2023 6354 Views 0 comment Print

SEBI extends deadlines for nomination in demat accounts, PAN, Nomination, and KYC submission for physical security holders. Learn key details in this circular.

Important Notice: Share and Dividend Transfers to IEPF – Custodian’s Directive

September 25, 2023 984 Views 0 comment Print

Read an essential notice about refraining from transferring shares and dividends to IEPF for notified parties, as directed by Custodian. Understand legal implications.

CBIC Chairman’s Weekly Newsletter – 25th September 2023

September 25, 2023 702 Views 0 comment Print

Read Chairman’s weekly newsletter from CBIC, featuring insights on taxation, research, and enforcement actions. Stay updated with latest developments.

Miscellaneous Steel Products (Quality Control) Order, 2023

September 25, 2023 1269 Views 0 comment Print

Explore Miscellaneous Steel Products Quality Control Order 2023 issued by Ministry of Commerce and Industry. Learn about standards, enforcement, and its impact.

Aluminium and Aluminium Alloy Products (Quality Control) Order, 2023

September 25, 2023 5490 Views 0 comment Print

Explore the Aluminium and Aluminium Alloy Products Quality Control Order 2023 issued by the Ministry of Commerce and Industry. Learn about standards and enforcement.

Section 271(1)(c) Penalty Not Automatic for Wrong Claims; Requires Proof of Lack of Bona Fides

September 22, 2023 705 Views 0 comment Print

Read the full text of the ITAT Delhi order in the case of DCIT vs. Sarva Haryana Gramin Bank regarding penalty under Section 271(1)(c) of the Income Tax Act.

ITAT Upholds Addition Due to Lack of Evidence for Promotion Expenses

September 22, 2023 378 Views 0 comment Print

ITAT Ahmedabad’s order in Lincoln Pharmaceuticals Ltd. vs. DCIT, confirming addition due to insufficient evidence for promotion expenses.

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