• Service Tax

Krishi Upaj Mandi Samiti liable to service tax on renting of immovable property prior to Negative List Regime

4 years ago

Krishi Upaj Mandi Samiti liable to service tax on renting of immovable property prior to Negative List Regime. These activities…

  • Income Tax

Addition for cash deposit set aside as AO accepted turnover under presumptive taxation

4 years ago

Addition for cash deposit in bank set aside where AO accepted the turnover under presumptive taxation ABCAUS Case Law CitationABCAUS…

  • RBI

RBI cautions public against Prepaid Payment Instruments wallet of sRide

4 years ago

RBI cautions public against Prepaid Payment Instruments (non-closed) issued by sRide through its car-pooling app  RBI in its latest advisory…

  • Income Tax

Reassessment invalid without serving notice personally/by affixture where notice returned

4 years ago

Reassessment proceedings without sending Inspector to serve notice personally or by affixture where notice served by speed post was returned…

  • GST

GST Refund Help Desk with Toll Free Helpline Number set up by CBIC

4 years ago

GST Refund Help Desk with Toll Free Helpline Number set up by CBIC Setup of ‘GST Refund Help Desk’ in…

  • RBI

New definition of MSMEs – Existing EM & UAMs obtained till 30.06.2020 to be valid till 31.03.2022

4 years ago

New definition of MSMEs - Existing EM & UAMs obtained till 30.06.2020 to be valid till 31.03.2022 RBI in August…

  • Income Tax

Supreme Court uphold quashing of reassessment notice issued beyond four years

4 years ago

Supreme Court uphold quashing of reassessment notice issued beyond four years without failure of assessee to disclose fully & truly…

  • Income Tax

Debit entries also to be considered for cash credit u/s 68. Credit entries can’t be looked in isolation

4 years ago

Debit entries should also be considered for cash credit entries u/s 68. Credit entries cannot be looked into isolation ignoring…

  • Income Tax

TDS not applicable on payment of bank guarantee commission as there is no element of agency

4 years ago

TDS not applicable on payment of bank guarantee commission to bank listed in second schedule to RBI Act as there…

  • RBI

RBI clarification on Prudential norms on Income Recognition, Asset Classification & Provisioning

4 years ago

RBI clarification on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances  RBI in November 2021 had…