• Headlines
  • ICAI notifies Online Assessment Test for Certificate Course on Forensic Accounting and Fraud Detection
  • January 20, 2022
January 15, 2022
The Central Board of Direct Taxes (CBDT) notified the Assam Electricity Regulatory Commission eligible for Section 10(46) Income Tax Exemption. The Board empowered under clause (46) of section 10 of the Income Tax Act, 1961 notified ‘Assam Electricity Regulatory Commission’ constituted by the Government of Assam, in respect of the specified income arising to that […]
January 12, 2022
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Due to the low cost of data and easy access to smartphones, the online casino industry has evolved tremendously over the last decade. The continuing growth […]
January 11, 2022
Along with Related Party Transactions & Independent Directors, Corporate Social Responsibility (CSR) has been one of the most deliberated concepts of the Companies Act, 2013. Interestingly, CSR (section 135 of the Companies Act, 2013 and CSR Rules) is also one of the most amended provisions. The book (published by Lexis Nexis) titled – CSR, ESG […]


  • Taxation - Tax - Deductibility - ESOP - Expenses - Taxscan1
  • Taxation of ESOPs and Tax deductibility of ESOP Expenses
  • December 7, 2021
  • Overview Under an ESOS, a company grants options (right without any obligation) to acquire a certain number of shares in the company or its holding/subsidiary company generally at a predetermined price (exercise price) within a pre-determined period (exercise period) to its employees. The option to acquire shares can be exercised once the conditions are fulfilled, […]
  • GST - GST counsil - GST rates - Taxscan
  • Is India Prepared for Single GST Rate after 5 years of GST Implementation?
  • November 25, 2021
  • On 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir, the GST Council approved the GST rates for various services at Nil, 5%, 12%, 18% and 28%. However, the experts have felt the need for compliance simplicity as multiple tax rates in India leads to ambiguity and upsets the […]
  • GST Returns - GST - Jigar Doshi - Nikita Maheshwari - Taxscan
  • Revision of Returns under GST: Two sides of the Coin
  • November 21, 2021
  • Four and half years ago, the Indian Government brought GST to reality and implemented it countrywide with effect from 1 July 2017. Discernably, it was a historic moment for the country and was welcomed with a lot of hullabaloos. The flyers of GST were widely distributed which explained the prominent features of the scheme such […]
CBDT - Payment of Securities Transaction Tax - Insurance Company - Taxscan
January 20, 2022

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CBDT - E-Advance Rulings Scheme 2022 - Taxscan
January 20, 2022

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Burden of proof - taxing authorities - CESTAT - Taxscan
January 17, 2022
The Ahmedabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the Burden of proof on the taxing authorities to show Classification of item in question is taxable in the manner claimed by them. The Appellants, Ms Sunrise Traders are engaged in the business of made up articles of textiles and importing 100 % Polyester Bed Cover. The Appellants filed bills of entry declaring the goods as 100% polyester bed cover under CTH 63041930, the goods imported
Customs Duty - goods imported into India - All India Football Federation - AFC Women’s Asian Cup India, 2022 - CBIC - Taxscan
January 19, 2022

The Central Board of Indirect Taxes and Customs (CBIC) has notified that no Customs Duty payable on goods imported into India by All India Football Federation for organising AFC Women’s Asian Cup India, 2022. The government empowered under sub-section (1) of section 25 of the Customs Act, 1962 exempted the goods falling under the First […]

DGFT- Steel Import Monitoring System - Taxscan
January 19, 2022

The Director General of Foreign Trade (DGFT) has issued the  clarification on the Steel Import Monitoring System. “Subsequent to the issuance of Notification No.33/2015-2020 dated September 28, 2020 amending import policy of all HSN Codes under chapter-72, 73 and 86 of Schedule-I (Import Policy) of ITC (HS) from ‘Free’ to ‘Free subject to compulsory registration […]

Relief - Nayara Energy - CESTAT - Revenue’s plea levying interest - Commissioner - CENVAT Credit Rules - Taxscan
January 19, 2022

In a relief to the Nayara Energy, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench has dismissed the Revenue’s plea levying interest by  Commissioner under CENVAT Credit Rules. The appellant has explained why it could not immediately avail CENVAT credits on Tanks fabricated in the year 2007. It has been stated that […]

Karnataka High Court - Customs Authority - refund Disputed Amount Import Duty - Importer pending disposal - appeal - Taxscan
January 19, 2022

The Karnataka High Court directed the Customs Authority to refund Disputed Amount Import Duty in excess back to Importer pending disposal of the appeal. In pursuant to the import of the goods, petitioner, FCI Oen Connectors filed his returns and requested the respondents for closure of the Bonds and sought return of the Bank guarantee […]

chennai-port-trust-taxscan
December 7, 2020

A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]

No plan - impose Property Tax - Union Territory of J&K - LG Manoj Sinha - opposition - Taxscan
October 20, 2020

The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]

OECD - report - Inheritance Taxation - OECD Countries - Taxscan
May 18, 2021
The Organisation for Economic Co-operation and Development (OECD) has released the report on Inheritance Taxation in OECD Countries. The purpose of the report is to Compare and assess inheritance, estate and gift taxes across OECD countries and Explore the role that these taxes could play in raising revenue, addressing inequalities and improving the efficiency of […]
Tax Rates - DTAA - Dividend - DDT - ITAT - Taxscan
April 2, 2021
The Government notified the Double Taxation Avoidance Agreement (DTAA) and prevention of fiscal evasion with respect to taxes on income with the Government of Islamic Republic of Iran. The Agreement between the Government of the Republic of India and the Government of the Islamic Republic of Iran for the avoidance of double taxation and prevention […]
Artists - social media influencers - VAT - UAE - Taxscan
March 8, 2021
The UAE’s Federal Tax Authority (FTA) on Sunday said that services provided by artists and social media influencers for consideration are subject to Value Added Tax (VAT). This announcement was shared in the latest Basic Tax Information Bulletin issued by the FTA on the tax treatment of supplies provided by artists and social media influencers. […]



Persons - Guarantees - Creditors - Corporate debtor - Corporate debtor Barred - Giving Resolution Plan - Supreme Court - Taxscan
January 19, 2022
The Supreme Court held that the Persons whose guarantees stands invoked by the creditors of corporate debtor Barred From Giving Resolution Plan. The respondent, M/s. MBL Infrastructures Limited was set up by one, Mr. Anjanee Kumar Lakhotiya in the early 1990s. Loans/ credit facilities were obtained by the Respondent from the consortium of banks (State […]
sebi-ICSI-Company-Secretaries-Taxscan
January 18, 2022
The Institute of Company Secretaries of India (ICSI) has notified the SEBI bestows upon Company Secretaries new recognition under SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022. The Institute in furtherance of its continuous endeavours to provide new opportunities to its members has been sending suggestions on various draft rules, regulations, policies and […]
Supreme Court - Devas Multimedia - NCLAT Order - company - Taxscan
January 17, 2022
The Supreme Court has rejected an appeal filed by Devas Multimedia challenging a National Company Law Appellate Tribunal (NCLAT) Order to wind up the company. The appellant, Devas Multimedia has challenged an order of winding up passed by the National Company Law Tribunal under Section 271(c) of the Companies Act, 2013 which was confirmed by […]
SEBI- non-monetary terms -Taxscan
January 16, 2022
The Market Regulator, Securities, and Exchange Board of India (SEBI) has notified non-monetary terms under Settlement Restraining from accessing the securities market. The Board empowered under Section 15JB of the Securities and Exchange Board of India Act, 1992, Section 23JA of the Securities Contracts (Regulation) Act, 1956, and Section 19-IA of the Depositories Act, 1996 […]
Specified securities - SR equity shares - promoters - pledged - collateral - loan granted - Scheduled Commercial Bank - SEBI - Taxscan
January 15, 2022
The Securities and Exchange Board of India (SEBI) has ruled that the specified securities except SR equity shares held by promoters may be pledged as collateral for a loan granted by Scheduled Commercial Bank. The SEBI has notified the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022 which […]
NCLAT - Non-registration of mortgage - DRT judgment - taxscan
January 15, 2022
The Delhi Bench of National Company Law Appellate Tribunal (NCLAT) held that Non-registration of mortgage, hypothecation of security interest created by virtue of Debt Recovery Tribunal judgment cannot be classified as Unsecured Creditor. The ABG Shipyard Limited, Corporate Debtor had obtained financial assistance from the Appellant vide sanction letter. A Medium Term Loan was sanctioned […]
SEBI – Relaxation - Foreign portfolio investor - Strict enforcement – Regulations - SEBI (Foreign Portfolio Investors) Regulations - Taxscan
January 15, 2022
The Securities and Exchange Board of India (SEBI) has granted relaxation to foreign portfolio investors from strict enforcement of SEBI (Foreign Portfolio Investors) Regulations. The SEBI notified the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022 which seeks to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors) […]
File Application – Condonation - Condonation Of Delay - Supreme Court - Extended Limitation - NCLAT - Taxscan
January 15, 2022
The Delhi National Company Law Appellate Tribunal (NCLAT) held that there was no need to file application for condonation of delay as since Supreme Court extended limitation. The appellant, M/s. Essjay Ericsson Private Limited has been filed against the judgment and order dated 08.06.2021 in Company Application passed by the by the Adjudicating Authority (National […]
Andhra Pradesh HC - CA -Taxscan
January 18, 2022

The Telangana High Court has granted bail to CA accused of assisting to launder Rs 1,100 cr from Mumbai to Hong Kong. The petitioner was summoned on 26.11.2021 and his statement was recorded at Delhi Zonal Office and he has admitted to having issued Form 15CB certificates. The quantum of remittances was clearly not in […]

Mall - parking fees - customers - illegal - Kerala High Court - Taxscan
January 14, 2022
The Kerala High Court made a prima facie observation that the mall collecting parking fees from its customers is illegal. There were a batch of petitions filed challenging the action of Lulu mall collecting parking fees without any authority. It was contended that collecting parking fees was a blatant violation of the Kerala Municipality Act […]
Kerala High Court - Municipality Rule - Property Tax - Taxscan
January 14, 2022
The Kerala High Court has struck down the Rules 9(4A) and 9(4C) of the Kerala Municipality (Property Tax, Service Tax, and Surcharge) Rules which prescribe fixation of property tax at a minimum of 25% over and above the tax levied for the previous year. The petitioner, K.P.Muhammed Asraf who is the owner in possession of […]
Webinar - Denial of IGST Refund - Rebate to Advance Authorization Holder - Taxscan
June 11, 2021

Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA. NAVJOT SINGH will be our guest speaker for this webinar aimed at professionals and students alike. He has been an […]

Webinar - SEBI - Proposed changes - Promoters, - Promoter Group - Independent Directors - Taxscan Premium Users - Gaurav pingle - taxscan
May 20, 2021

Next Saturday, on 5th June, Taxscan is will be conducting the next program under our SIMPLIFIED banner. The Webinar will be on SEBI’s Proposed changes to the Framework of Promoters, Promoter Group & Independent Directors. CS Gaurav Pingle will be the speaker at this webinar aimed at professionals and students alike. Gaurav Pingle is an […]

Fox Mandal - International Tax Practice - Taxscan
September 9, 2020
Fox Mandal & Associates has appointed Mr. Sandip Mukherjee as Director, International Tax Practice. Sandip would operate from the Pune office and lead the international tax practice of the firm in Southern & Western India. His addition is a part of the firm’s strategic expansion of its Tax Advisory vertical. Sandip has spent about 27+ […]
November 9, 2017
The DMD Advocates has advised Infradigital Technologies Private Limited, a company promoted by Eros Labs Pte. Ltd. in selling its business undertaking engaged in the business of production and distribution of spiritual, devotional and religious audio-visual content and literature to Innertech Media Solutions Private Limited. Innertech is a portfolio company of Times Internet Limited. The business division was transferred […]
CA - vacancy - Amazon - jobscan - Taxscan
January 20, 2022
CA - vacancy - Cognizant - jobscan - Taxscan
January 20, 2022