Day: October 25, 2024

No service tax was payable on income from bowling alley as it is covered under section 66D(j) of the Finance Act under negative list – SC  In a recent judgment, the Hon’ble Supreme Court has affirmed that income received from bowling alley earmarked separately was covered as amusement …

Empanelment of General Observers for ICSI Examinations December 2024 ICSI has invited interested members to enroll as General Observers for the CS Examinations, June, 2024 scheduled to be held from 21st December 2024 to 30th December 2024 at various Examination Centres across lndia and abroad. Interested members of …

Section 5A of Income Tax Act is applicable only to division of income between spouses governed by Portuguese Civil Code. Section 5A does not deal with the division of assets. In a recent judgment, Bombay High Court has held that Section 5A of Income Tax Act 1961 is …