In any case, a good citizen should always pay his taxes on time while adhering to all major tax-related rules and regulations proposed by the government as it is vital for the upliftment of an economy. Paying taxes as per the compliance calendar by taxpayers also helps the government in terms of the proper functioning […]
The Karnataka High Court allowed the deduction under Section 80IB (10) on construction of housing projects as the size or number of housing projects undertaken on a minimum area of one acre of land is not significant. The assessee, M/s Karavali Housing is a partnership firm engaged in the business of development of real estate […]
The court refused to grant bail to CA alleged of smuggling diamonds and gold worth Rs. 348 crores. The Chartered Accountant (CA) Ravindra Kumar, a resident of Jhunjhunu and Omprakash, a resident of Ajmer was sent to judicial custody till December 9 and the bail plea of the arrested businessman will be heard on Wednesday. […]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chennai Bench set aside the Penalty for alleged gold smuggling as Customs Authority failed to conduct proper investigation. The Show Cause Notice was issued to the appellants, Jaison James inter alia proposing confiscation of the gold which was smuggled into India, apart from proposing to impose […]
The Director-General of Foreign Trade (DGFT) issued the Trade Notice in respect of the Electronic filing of Registration Cum Membership Certificate (RCMC) or Registration Certificate (RC) through Common Digital Platform with effect from December 06, 2021. A new online common digital platform for the issuance of Registration Cum Membership Certificate (RCMC)/ Registration Certificate (RC) has […]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench ruled that service of granting of mining rights provided by the Government will not fall under the category of “support services”. The assessee, the Mining Engineer, Department of Mines and Geology, Government of Rajasthan was issued show cause notices demanding service tax under the […]
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 […]
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 […]
The Reserve Bank of India (RBI) has replaced the Board of Directors and appoints Administrator for Reliance Capital. In exercise of the powers conferred under Section 45-IE (1) of the Reserve Bank of India Act, 1934, the Reserve Bank has today superseded the Board of Directors of M/s Reliance Capital Ltd (RCL) in view the […]
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 […]
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 […]
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