Chairman of the Department-related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice, having been authorized by the Committee on its behalf, do hereby present the One Hundred-third Report on the Subject ‘Functioning of the Virtual Courts/ Courts Proceedings through Video Conferencing’ (Interim Report).
No Interest u/s 234B can be levied on the assessee-payee on the ground of non-payment of Advance Tax: ITAT Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no interest under section 234B can be levied on the assessee-payee on the ground of non-payment of advance tax. The appellant, M/s Huawei Technologies Co. Ltd is […]
Reserve Bank of India vides its communication dated FINANCIAL MARKETS REGULATION DEPARTMENT Notification No. FMRD.DIRD. XX /XX.XX.XXX/2020-21 dated December 4, 2020, placed on its web site the following for your comments which can be sent to fmrdfeedback@rbi.org.in by January 31, 2021. https://taxguru.in/rbi/rbi-releases-draft-directions-money-market-instruments.html Let us understand these directions which are addressed to all entities/agencies eligible to […]
As per Information available on GST website GSTR-9 of FY 2019-20 is available now on GST Portal for filing but Computation of the table 8A of GSTR-9 for auto population from returns is under progress which is likely to be completed soon. For details Visit-GSTR-9 of FY 2019-20 is available now but without table 8A […]
Section 80 of the CGST Act, 2017 read with Rule 158 of the CGST Rules, 2017 governs the provisions for Payment of tax and other amounts in installments. Following aspects are dealt in the form of questions and their answers. Q 1. Who is allowed to make payment of tax and other amount in installments? […]
‘Rule of law’ is the soul of a democratic setup and no one is allowed to breach or even shake the golden thread of the same. Supremacy of rule of law cannot be questioned by anybody and the same cannot be threatened even by the state. Personal liberty is largely associated with the concept of […]
A holding company is a parent business entity and usually that doesn’t have any commercial activity or any business operations. Its purpose, as the name implies, is to hold the controlling stock or membership interests in other operating companies called as Subsidiary. It’s typically positioned between the operating company and the shareholders, and it owns […]
Change Drives Projects to Conceive and Projects Deliver Positive Change Outcomes or Results. Change is Essential to many aspects of business for remaining relevant in your business area and is imperative for companies for ever growing and adapting to different circumstances; important to keep Creative Ideas fresh & implemented and moving forward; Adopt New Technology […]
‘Derivative’ shall have the same meaning assigned to it in section 45U(a) of the RBI Act, 1934. Over-the-Counter (OTC) markets refer to markets where transactions are undertaken in any manner other than on exchanges and shall include those undertaken on electronic trading platforms (ETPs).
Recently it is a matter of contention between the GST Intelligence and The Flour Mills whether ‘Crushing of whole, unpolished Grain” service provided to Governments shall be liable to GST as a supply of services or not. In this regard, the following are the legal submissions of the author on the basis of the various […]
