Month: August 2023
Airports Authority Of India, invites application of concurrent audit of Regional Headquarters Western Region Mumbai for FY 2023-24. Last Date 16.08.2023 Engagement of Auditors for conducting Concurrent audit of RHQ WR for FY 202324 AAI invites Tender from Chartered Accountant / Cost and Management Accountant firms for conducting …
51st GST Council Meeting recommendations related to casinos, horse racing and online gaming GST Council recommends certain amendments in CGST Act 2017 and IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing and online …
88% of the ₹2000 banknotes have returned back as on 31.07.2023 – RBI The Reserve Bank of India on 19th May 2023 had announced the withdrawal of ₹2000 banknotes from circulation. According to RBI, the total value of ₹2000 banknotes in circulation as on March 31, 2023 amounted …
Tax on maturity of High Premium insurance policy to be on sum received minus premium paid though TDS u/s 194DA is contemplated on the gross Amount paid – ITAT ABCAUS Case Law Citation:ABCAUS 3789 (2023) (08) ITAT In the instant case, the assessee had challenged the order passed …
When there is no other/separate source of income identified during the course of survey or during the course of assessment proceedings, any income arising to the assessee shall be treated to be out of the normal business of the assessee only ABCAUS Case Law Citation:ABCAUS 3788 (2023) (08) …
Exemption from TDS u/s 194I for payments of lease rents to units of ship leasing companies in IFSC CBDT has issued Notification No. 57 of 2023 dated 1st August 2023 providing exemption from TDS u/s 194I for payments of lease rents to units of ship leasing companies in …
CBDT notifies Form 3AF for furnishing details of Preliminary Expenditure u/s 35D. The Income-tax (Fourteenth Amendment) Rules, 2023. In the Income Tax Rules 1962, a new Rule 6ABBB has been added related to form of statement to be furnished regarding preliminary expenses incurred under section 35D. The rule …
Addition for cash payments made to builder for purchase of residential house – ITAT deletes addition for want of any clinching evidence ABCAUS Case Law Citation:ABCAUS 3787 (2023) (08) ITAT Important Case Laws relied upon:Dinesh Kumar Goyal vs. UOI & Others 453 ITR 535Laxmi Narain Agency vs. Income …
Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 50th meeting held on 11th July, 2023 CBIC has issued Circular clarifying the GST rates and classification of certain goods based on the recommendations of the GST Council 50th …
GST Clarification – RCM on services supplied by director of a company in his personal capacity, supply of food or beverages in cinema hall CBIC has issued circular clarifying charge of GST on RCM basis on services supplied by director of a company in his personal capacity …