Author: administrator
Notifications/Circulars issued as per Recommendations of 50th meeting of GST Council CBIC has issued various Notifications and Circulars to give effect to the Recommendations / Announcements of 50th meeting of GST Council (A) Notifications issued to give effect to the Recommendations of 50th meeting of GST Council 26/2023-Central …
FCRA new Helpdesk system launched by Home Ministry A new FCRA) Helpdesk system has been launched. Under the new system one may submit his/her query / issues through three mediums as under: (i) through website: https://helpdesk.fcraonline.gov.in (ii) through email support fcra@gov.in (iii) through telephone number 011-23077501 and 011-23077505 …
In faceless regime, normally there cannot be a case of prejudice of lack of enquiry because there is application of mind by multiple officers and not by a single officer – ITAT ABCAUS Case Law Citation:ABCAUS 3780 (2023) (07) ITAT Important Case Laws relied upon:Cinecita Pvt. Ltd. 137 …
CBDT clarifies taxability of income earned by a non-resident investor from off-shore investments in investment fund routed through an Alternative Investment Fund Circular No. 12 12023 F.No.225/79/2019-ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North-Block. New Delhi. dated the 12th July.2023 Subject: Clarification regarding taxability …
CBIC issues eight circulars clarifying GST related issues CBIC has issued circulars clarifying various issues i.e. taxability of inter state services, e-invoice, refunds, taxability of share capital in subsidiary, ITC in respect of warranty replacement, TCS liability under Sec 52 of the CGST Act, 2017 in case of …
Requirement of compulsorily filing income tax return even when income is not taxable or income is below exemption limit Question 1: do not have any income, do I need to file Income Tax Return? Question 2: I have income below the exemption limit, do I need to file …
Merger of Multiple User IDs in MCA V-2 Portal with new User ID in MCA V-3 and deactivation of old User ID in V-2 Portal General Circular No. 07/2023 File No. EGov-04/10/2021-O/o Director (e Gov)-MCA Government of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. …
Security deposit given for renting a premise could not be treated as revenue expenditure when the deposit if foregone – Supreme Court dismissed SLP. ABCAUS Case Law Citation:ABCAUS 3779 (2023) (07) SC Important Case Laws relied upon:Commissioner of Income Tax vs. Triveni Engg. & Industries Ltd. 343 ITR …
Recommendations of 50th meeting of GST Council The 50th meeting of the Goods and Services Tax (GST) Council was held here today, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. GST Council recommends Casino, Horse Racing and Online gaming to be taxed at …
Non verification of source of investment made in mutual funds rendered assessment order erroneous and prejudicial to the interest of the Revenue – ITAT ABCAUS Case Law Citation:ABCAUS 3778 (2023) (07) ITAT Important Case Laws relied upon:Infinity Infotech Parks Ltd vs. DCITNarayan Tatu Rane vs. ITO In the …
