Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
On Wednesday, After deliberations conducted by the ‘All India Council of Association’ of MSMEs on Wednesday on the problems that are being faced by industries in specific reference to the rapid escalation in the cost of steel and other inputs of construction, ‘Industry associations that are representing the MSME sector’ are expecting a positive response […]
The Finance Bill 2021, has inserted two sections in Income Tax Act 1961, one is Section 206AB and the second is Section 206 CCA. The aforesaid section has provisions for the higher rate of TDS/TCS that is to be executed for the non-filers of the income tax return. Section 206AA and 206CC are already applicable […]
The Income Tax Appellate Tribunal (ITAT), Pune bench held that the income generated from the selling of software license could not be categorised as royalty considering the provisions of the Income Tax Act, 1961. The Assessing Officer, while finalizing the assessment proceedings carried against the assessee, observed that Rs.86,05,13,407/- was accepted by the assessee towards […]
You shall be surprised to know that as per the report of SBI research, the government exchequer shall improve even after the 2 pandemic shocks that the Indian economy has received — If it is assumed that there would be no third pandemic, the fiscal position of the Centre and states for Financial Year 2022 […]
It is worthwhile mentioning that the Central Board of Direct Taxes through its press release dated November 26, 2020, has made mandatory the authentication of the Unique Document Identification Number (UDIN) Here, we explained all steps of registration and generation UDIN on ICAI portal. The ICAI has provided a Unique Document Identification Number for the […]
The Central Board of Indirect Taxes and Customs (CBIC) states that its offices so as not to give show-cause notices (SCNs) for service tax defaults upon the grounds of inconsistency amid income tax returns and service tax amount. Different tax concerns have accused the Union finance ministry that SCNs have sent wrongly towards the FY […]
The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), Bangalore Bench. Has held that no service tax can be levied by customs authorities on “travel expenses incurred by the employees of a particular company” as the services have never been received in India. The appellant, M/s NCR Corporation India Private Limited has been issued a […]
In order to curb the sudden rise in fake ITC cases, The Punjab and Haryana High Court has rejected the petition for the grant of bail of the petitioner. “The petitioner Mohit Bathla had prayed for granting regular bail for offence as per Section 132(1)(b) and 132(1)(c) that is punishable as per Clause L(i) of […]
The Judgment of the Honourable Rajasthan High Court became a precedent that under the GST regime, the scope of inquiry ends if goods in transit conform with the documents. The Petitioners H.R. Enterprises submitted to the Honourable High Court on April 10 of this year that its goods and vehicle have been detained since March […]
