• Income Tax

TDS deposited before filing ITR allowable u/s 43B despite following cash method of accounting

6 years ago

TDS deposited before filing ITR is allowable u/s 43B despite assessee following cash method of accounting ABCAUS Case Law Citation:ABCAUS…

  • Income Tax

Car depreciation & insurance allowable irrespective of personal use by assessee

6 years ago

Car depreciation & insurance allowable irrespective of any personal use by the assessee ABCAUS Case Law Citation:ABCAUS 3248 (2020) (02)…

  • RBI

Restructuring of advances for Projects under Implementation not to be classified as NPA

6 years ago

Restructuring of advances for Projects under Implementation without being classified as NPA. RBI amends Prudential Norms on Asset Classification RBI…

  • Excise/Custom

Additional GST / District level details in be given in Paperless Electronic -Shipping Bills

6 years ago

Additional GST / District level details in be under Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations 2019  Circular…

  • Excise/Custom

Extension of Pilot on Transhipment of Export Cargo from Bangladesh through LCSs to Kolkata Port

6 years ago

Extension of Pilot on Transhipment of Export Cargo from Bangladesh to third countries through Land Customs Stations (LCSs) to Kolkata…

  • Excise/Custom

Custom Valuation of imported second hand machinery-Inspection /appraisement Reports

6 years ago

Valuation of imported second hand machinery. Inspection/ appraisement Reports by Chartered Engineers/equivalent based on the country of sale acceptable to…

  • GST

Extension of time limit for submitting FORM GST TRAN-1 to 31.03.2020 in certain cases

6 years ago

Extension of time limit for submitting FORM GST TRAN-1 to 31.03.2020 due to technical difficulties on common portal  F.No. CBEC-20/06/17/2018-GST…

  • IRDAI

IRDA notifies obligatory cession for the financial year 2020-21 for General Insurance Policies

6 years ago

IRDA notifies obligatory cession for the financial year 2020-21 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 3rd…

  • Income Tax

Unutilised MODVAT credit of Excise Duty not allowable u/s 43B – Supreme Court

6 years ago

Unutilised MODVAT credit of Excise Duty not allowable u/s 43B. Paying cost of raw materials does not mean that assessee is liable to pay Excise Duty on…

  • Income Tax

Penalty u/s 271B deleted as Accounts not finalised due to TDS credit mismatch / resignation of accountant

6 years ago

Penalty u/s 271B deleted. Books of Accounts not finalised due to TDS credit mismatch despite assessee made sincere attempts for…