• GST

Clarification on treatment of sales promotion / discount schemes under GST – CBIC Circular

5 years ago

Clarification on treatment of sales promotion/discount schemes under GST. Free samples & gifts, buy one get one free offer etc.…

  • GST

Notifications issued to give effect to decisions taken at 23rd meeting of GST Council

5 years ago

CBIC has issued notifications to give effect to discussions held in the 23rd meeting of the GST Council as under:…

  • Income Tax

Penalty u/s 271E deleted as NBFC insisted on cash payment due to EMI payment default

5 years ago

Penalty u/s 271E for repayment of loan in cash was deleted as the NBFC had insisted on cash payment due…

  • Companies Act

INC-32 (SPICe) fee waived for companies with nominal capitalup to Rs. 15 lakhs

5 years ago

INC-32 (SPICe) fee waived for companies with nominal capital up to Rs. 15 lakhs. Companies (Incorporation) Second Amendment Rules, 2019…

  • RBI

RBI to issue 12 edged polygon twenty rupees coin Read Notification to know design and dimensions

5 years ago

RBI to issue 12 edged polygon shaped twenty rupees coin along with circular coins of one, two, five & ten.…

  • Service Tax

No service tax on training/courses provided under Deen Dayal Upadhyaya Grameen Kaushalya Yojana

5 years ago

No service tax on services provided under Deen Dayal Upadhyaya Grameen Kaushalya Yojana by way of training/courses which are certified…

  • Income Tax

Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business

5 years ago

Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business. ITAT deleted addition…

  • DGFT

Eligibility of Exports from SEZ/EOU units on behalf of DTA units under MEIS-Clarification

5 years ago

Eligibility of Exports from SEZ/EOU units on behalf of DTA units under Merchandise Exports from India Scheme. Either EOU/SEZ or…

  • Income Tax

Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment

5 years ago

Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment as members of…

  • Income Tax

Addition for inadequate drawings deleted as assessee was vegetarian, residing at small town

5 years ago

Addition for inadequate drawings deleted as the assessee was vegetarians and non alcohol, residing at small town with no luxurious…