Month: August 2024
Frequently Asked Questions (FAQs) on Form No. 27 under Patent Act and timelines under different scenario post 2024 amendments. Frequently Asked Questions (FAQs) AQs on Form No. 27 under Patent Act and timelines under different scenario post 2024 amendment. Section 146 of the Patents Act, 1970 (‘Patents Act’) requires …
IRDAI invites applications for filling up 49 posts in Assistant Manager grade. Five Posts for ACA/AICWA/ACMA/ACS/CFA Insurance Regulatory and Development Authority of India (IRDAI) has invited applications from eligible Indian citizens for filling up 49 posts in Assistant Manager (AM) grade through open competition on all India basis …
Section 263 do not give unfettered power to PCIT to revise each and every order – ITAT In a recent judgment, ITAT Delhi has held that section 263 of the act does not give unfettered power to PCIT to revise each and every order to re-examine the issues …
When assessee himself declared income as business or profession AO could not be directed to consider claim u/s 54/54F of the Act In a recent judgment, ITAT Chennai held that when assessee himself declared income under the head “business or profession” and no capital gain was declared, no …
ICETAB 2.0 a handheld device for customs operations launched on 23.08.2024. It will help in uploading real-time examination reports and in quicker clearance of cargoes. In view of the objective of trade facilitation, transparency and efficiency in Customs processes, CBIC has decided use of ICETAB for speedy examination …
GST appeal cannot be dismissed for non filing certified copy of impugned order In a recent judgment, Hon’ble Allahabad High Court has reiterated that non filing of certified copy of the impugned order within time in the GST appeal filed through electronic mode is a technical error and …
Introduction of RCM Liability / ITC Statement on GST Portal In order to assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called “RCM Liability / ITC Statement” has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions …
Survey not a short cut assessment proceedings. ITAT explains intricacies of survey In a recent judgment, ITAT Chandigarh has held that survey is not a short cut assessment proceedings or summary assessment, explained intricacies of survey u/s 133A of the Act. ABCAUS Case Law Citation:4230 (2024) (08) abcaus.in …
CBDT issues clarification in respect of Income tax clearance certificate (ITCC). All Indian citizens not required obtain ITCC before leaving the country. CBDT issues clarification in respect of Income-tax clearance certificate (ITCC). Section 230 (1A) of the Income-tax Act, 1961 (the ‘Act’) relates to obtaining of a tax …
Advisory for furnishing bank account details before filing GSTR-1 or Invoice Furnishing Facility (IFF) from 01.09.2024 As per Rule 10A of Central Goods and Services Tax Rules, 2017 notified vide notification no. 31/2019 dated 28.06.2019, a taxpayer is required to furnish details of a valid Bank Account within …
