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 …
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 …
In case of difference in dates of birth between Aadhar Card and School Leaving Certificate, later is to be taken as proof of age – SC In a recent order involving claim under a motor accident case, Hon’ble Supreme Court has held that in case of conflict of …
Mere disclaimer of opinion not enough-NFRA holds CA guilty of professional misconduct In a recent order, NFRA has held that though the chartered accountant issued a disclaimer of opinion both on Financial Statements and on the Internal Financial Controls, he was guilty of professional misconduct on account of …
Orders passed u/s 73 of CGST Act 2017 quashed as notice uploaded on ‘Additional Notices and Orders’ Tab of GST Portal In a recent judgment, Hon’ble Allahabad High Court has quashed the orders passed u/s 73 of CGST Act 2017 as the notices were uploaded on ‘Additional Notices …
Filing of Annual RODTEP Return (ARR) by exporters claiming RODTEP benefits by 31st March of the next financial year Government of India Ministry of Commerce & IndustryDepartment of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 27 /2024-25 New Delhi, Dated: 23rd October, …
