RBI exempted from TCS u/s 206C(1F) on purchase of motor vehicle CBDT has exempted Reserve Bank of India from provisions of Tax Collection at Source (TCS) sub section (1F) of section 206C of Income Tax Act on purchase of motor vehicle for a value exceeding ten lakh rupees …
CBDT amends rule 31AA and 37I related to TCS return and credit for TCS u/s 206C MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 114/2024 New Delhi, the 16th October, 2024 G.S.R. 645(E) In exercise of the powers conferred by section 295 read with section …
Amount of compensation claimed is not a bar for Tribunal and High Court to award more than what is claimed, provided it is found to be just and reasonable In a recent judgment, the Hon’ble Supreme Court has enhanced the compensation in a motor vehicle accident claim holding …
When entire agricultural produce was fully vouched and sold through Krishi Upaj Mandi, the sale is beyond doubt – ITAT In a recent judgment, ITAT Jaipur has held that when entire agricultural produce was fully vouched and sold through Krishi Upaj Mandi, the sale is beyond doubt. ABCAUS …
CBDT issues Guidance Note / FAQs on Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024 In order to facilitate the various queries raised by the stakeholders following the enactment of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, the Central Board of Direct Taxes (CBDT) has today …
CBIC clarifies various doubts related to Section 128A of the CGST Act, 2017 relating to waiver of interest or penalty or both in respect of demands under section 73 CBIC has issued Circular No. 238/32/2024-GST dated 15th October, 2024 to clarify various doubts regarding newly inserted section 128A …
