Shashi Rajawat Vs ITO (ITAT Jaipur) In the instant case, admittedly and undisputedly, the employees’ contribution to ESI and PF collected by the assessee from its employees have been deposited well before the due date of filing of return of income u/s 139(1) of the Act. Further, it is noted that the ld CIT(A) has […]
Waiver of loan in the earlier year has no impact either on the actual cost u/s 43(1) or the w.d.v. u/s 43(6) for the year under consideration and further section 2(24)(xviii) also does not envelope such waiver within the ambit of `income‘ for the extant year. In that view of the matter, depreciation has to be allowed on the w.d.v. of the block of Machinery at the gross value without reducing the waiver of loan therefrom.
Reg.37(1) of the Regulations, which provides for ‘grant of single broking registration to one corporate group’. In terms of the above Regulations, one corporate group shall be given only one certificate of registration in the same category of broker. Therefore, multiple broking entities in the same group for carrying out similar kind of or same […]
REQUEST FORMAT FOR CHANGE OF POLLING BOOTH [Rule 5 and 6(2)] The Returning Officer ICAI, New Delhi Sir I am a voter by poll as per list of voters as on 1/4/2021 and unable to exercise my option in terms of *Rule 5 or *Rule 6(2) of the Chartered Accountants (Election to the Council) Rules, […]
Admissible number of votes to a Voter and Ballot paper Each eligible member to vote (i.e. Voter) shall be given a ballot paper each for Council of the Institute and his respective Regional Council at the polling booth for recording his preference(s). The ballot paper shall be printed in English language on one side only […]
The disposal of all types of uncleared or unclaimed or seized hazardous cargo consignments, including chemicals, electronic wastes, etc, is a continuing exercise undertaken across Customs locations. The Customs field formations are to confirm safe storage by custodians, and they coordinate with regulatory authorities for faster disposal.
Guidelines for scrutinising proper availment of Input Tax Credit under Rule 86A of CGST Rules 2017 have been issued by GST Policy Wing on 02/11/2021. The guidelines inter alia lay the contours of the ‘reasons to believe’ test on objective parameters rather than on subjective consideration.
SEBI permitted FPIs to write-off all debt securities in their beneficiary account which they are unable to sell for any reason. This shall be applicable only to such FPIs who wish to surrender their registration.
Central Government has released GST Compensation of Rs. 17,000 crore to States today. The total amount of compensation released to the States/UTs so far including the aforesaid amount during the year 2021-22 is Rs. 60,000 crore. As per the decision of GST Council, back to back loan of Rs.1.59 lakh crore has already been released in lieu of shortfall in release of GST Compensation during the current financial year
SEBI notifies Common and Simplified Norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination
