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Abcaus

Alert fraudsters IP applications

Alert on fraudsters asking money for getting Intellectual Property applications accepted

administrator October 28, 2024 Patents
Controller General, Patents Designs and Trademark has issued an alert on fraudsters asking money for getting IP applications accepted. Office of the Controller GeneralPatents Designs and Trademark Alert on Fraudsters It has come to our notice that many fraudsters are collecting data and status of IP applications from …
FCRA

FCRA Associations allowed to file 2nd application intimating change of committee members

administrator October 26, 2024 FCRA
FCRA Associations permitted to file second application for intimating change of committee members Permission given to FCRA Associations to file another application in Form FC-6E for intimating change of committee members even if their one application is already pending on FCRA portal. The Ministry of Home Affairs has …
Extension

CBDT extends due date for filing returns for AY 2024-25 from 31.10.2024 to 15.11.2024

administrator October 26, 2024 Due Date Extension, Income Tax
CBDT extends due date for filing returns for AY 2024-25 from 31.10.2024 to 15.11.2024 F. No. 225/205/2024/ITA-IIGovernment of IndiaMinistry ·of FinanceDepartment of RevenueCentral Board of Direct Taxes***** Circular No.13 /2024 New Delhi, dated 26th October, 2024 Subject: – Extension of due date for furnishing return of income for …
service tax bowling alley

service tax was not payable on income from bowling alley – Supreme Court

administrator October 25, 2024 Service Tax, Supreme Court
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 …

Section 5A not apply to division of assets between spouses governed by Portuguese Civil Code

administrator October 25, 2024 High Courts, Income Tax
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 …
Micro loan

CGFMU Scheme amended to include “Tarun Plus” covering loans above 10 lakh upto 20 lakh

administrator October 24, 2024 Finance Ministry
CGFMU Scheme amended to include “Tarun Plus” covering loans above 10 lakh upto 20 lakh In April 2016, Government launched a Scheme called the Credit Guarantee Fund for Micro Units (CGFMU). Under the scheme, subject to the other provisions the Fund undertook, in relation to loans extended to …

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